financial service center
DESCRIPTION
Financial Service Center. What do I need to know?. It is still possible to receive Federal Financial Assistance. Students should be aware of the financial aid package. Packages along with other important info can be viewed on-line. Student Budget 2013-2014. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/1.jpg)
Financial Service Center
![Page 2: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/2.jpg)
What do I need to know?
It is still possible to receive Federal Financial Assistance.
Students should be aware of
the financial aid package.
Packages along with other important info can be viewed on-line.
![Page 3: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/3.jpg)
![Page 4: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/4.jpg)
![Page 5: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/5.jpg)
![Page 6: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/6.jpg)
![Page 7: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/7.jpg)
Student Budget 2013-2014 IN – STATE On-campus W/Relatives/Parents
Tuition & Fee’s $ 9,161.00 $ 9,161.00Room $ 6,153.00 $ 1,110.00Board $ 4,127.00 $ 2,120.00Personal Expenses $ 3,162.00 $ 3,824.00Books & Supplies $ 1,130.00 $ 1,130.00TOTAL $23,733.00 $17,345.00
OUT- OF – STATE On-campusW/Relatives/ParentsTuition & Fee’s $ 28,347.00 $ 28,347.00Room $ 6,153.00 $ 1,110.00Board $ 4,127.00 $ 2,120.00Personal Expenses $ 3,162.00 $ 3,824.00Books & Supplies $ 1,130.00 $ 1,130.00TOTAL $42,919.00 $36,531.00
![Page 8: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/8.jpg)
Sources of Paying for College
Direct Stafford Subsidized Loan:- Need-based- Interest does not accrue- 6.8% Fixed Interest Rate- Repayment begins 6 (six) month after graduation or cease of
enrollment
Direct Stafford Unsubsidized Loan:- Non-need based- Interest accrues on quarterly basis- 6.8% Fixed Interest Rate- Repayment begins 6 (six) month after graduation or cease of enrollment
![Page 9: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/9.jpg)
Alternative Sources of Paying for College Direct Parent Plus Loan:
- Parents are solely responsible.- Not guaranteed, based on the Borrower’s credit history.- 7.9% fixed Interest rate and repayment period begins 60 days
after final disbursement.- Process is initiated through the University
Alternative Loan:- Student is responsible unless there is a cosigner- Interest rate and repayment terms are specified by the lender.- Process is initiated with the lender directly.
Terp Payment Plan:- 10 month plan (enrollment fee $50.00)- 8 month plan (enrollment fee $80.00) - 4 or 5 month plans (enrollment fee $45.00)
![Page 10: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/10.jpg)
Things to know Books:
-Be prepared to pay out of pocket. No vouchers
Stafford Loans:-Entrance Interview-Promissory Note
Refunds:-If all charges are paid, a refund can be issued.
![Page 11: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/11.jpg)
![Page 12: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/12.jpg)
![Page 13: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/13.jpg)
![Page 14: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/14.jpg)
Your University of Maryland Billing Statement is available
Your current University of Maryland Bill is now available for online viewing. You can conveniently view your monthly billing statement at: http://www.testudo.umd.edu/Financials.html
Allow others to log in, view and pay your bill by creating a separate PIN for them via http://www.testudo.umd.edu/ParentAccess.html You may also add up to three additional emails to receive bill information from "View Monthly Billing Statement" link. Thank YouUniversity of Maryland Financial Service Center
![Page 15: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/15.jpg)
For Your Information
Current information may be viewed on Testudo at www.testudo.umd.edu. Click on “Parent Access”
Student Bills: Will be issued after registration or other activity and are available at www.umd.edu/bursar after July 25th.
Sign up to receive your electronic bill – no paper bills are mailed. Fall 2013 invoices are due August 20th. Payments can be made online at: www.umd.edu/bursar
![Page 16: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/16.jpg)
![Page 17: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/17.jpg)
![Page 18: Financial Service Center](https://reader034.vdocuments.net/reader034/viewer/2022051821/56815d74550346895dcb82b3/html5/thumbnails/18.jpg)
Financial ServiceCenter Bursar’s Office
www.umd.edu/bursar
Financial Aid Officewww.financialaid.umd.edu
1135 Lee Building 8:30 am – 4:30 pm M - F
Local number:(301) 314 - 9000
Toll Free Number:1-888 - 313 - 2404