focus on the financials | fall 2013 undergraduate orientation
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7/27/2019 Focus on the Financials | Fall 2013 Undergraduate Orientation
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c oo o enera u esOffice of Educational
Financing
Orientation SessionIntroduction to
Registration & Financial Services
and Financial Aid
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Get in Contact with
Registration & Financial Services Student Service Center (205 Kent Hall)
Federal Work-Study Payroll (210 KentHall)
Cashiering (210 Kent Hall, 9 AM - 4 PM)
Have questions?
◦ FAQ & Email: https://askus.columbia.edu
◦ Call (212) 854-4400
◦ Visit in person: 9 AM – 5 PM, Monday – Friday
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E-Billing
E-billing notification sent to your Columbiae-mail account If someone else will be assisting with your
account, please be sure to authorizehim/her as a payer
Easy access to online payment history andprevious statements
E-Bill is a “snapshot” of the charges, creditsand anticipated credits on your student
account as of a specific date and, therefore,is not updated between billing cycles. Youcan view the most current informationthrough the Student Account Details onStudent Services Online (SSOL:
https://ssol.columbia.edu).
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Payment Methods
E-Check (preferred) Wire Transfer
In-person (210 Kent Hall)
Check / Money Order / Bank Check Cash
Tuition Payment Plan* For additional information, please visit
http://www.columbia.edu/cu/sfs/
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Pay On Time
Please pay attention to the payment due date on your e-bill; payments must be RECEIVED (not postmarkedif sent by mail) by that date.
Fall 2013 Payment due date: Friday, September 13,2013
Late fees:
◦ $150 (1st e-bill of semester due on Sept. 13th)
◦ 1.5% (every subsequent e-bill for semester)
Students will not be de-registered if the billed is notpaid on time
Hold will be placed if the balance is $1,000 or greater
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Tuition Payment Plan
Administered by Sallie Mae If you cannot pay in full by the due date, please be
sure to enroll in the Tuition Payment Plan (Monthly) atthe start of each term.
Information regarding the Tuition Payment Plan was
provided in your Admission Packet◦ 5 monthly payments per semester (a total of 10
monthly payments if attending both Fall and Springsemesters)
◦ Application fee of $40 for one semester or $55 for
both◦ Not available for summer session◦ Fall 2013/Annual deadline: Monday, September 30th (three
payments + fee)
◦ Spring 2014 deadline: Friday, January 31st (two payments + fee)
◦ For additional information, please visit
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Student Services Online(SSOL) https://ssol.columbia.edu/
On SSOL, you can:
◦ Sign up for direct deposit
◦ View Academic Records
◦ Update your Permanent Address
◦ View your e-bill and make e-check
payment◦ View your financial aid information by
directing you to the Online Financial AidSystem
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Questions?
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Office of Educational Financing
Award (“package”) Federal & GS InstitutionalFinancial Aid
Process Federal/Private Student Loans
Counsel students on all student financing andfederal processing issues
Administer New York State Aid for Part –TimeStudy (APTS)
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Office of Educational Financing
408 Lewisohn Hall◦ Quick-Visits
Quick-Visits hours exist each week day to answer quick questions, clarificationof a specific financial aid issue, assistance with a form, and address similar concerns. A Quick-Visit does not require an appointment and will be limitedfrom 5 to 10 minutes in length. Depending on the number of students requiringQuick-Visit counseling, there may be a wait of 10 to 15 minutes for assistance.
Typical Quick-Visits Hours, Monday to Friday (subject to change)
10:00 to 11:30 a.m. 2:30 to 4:00 p.m. Quick-Visits Schedule: www.gs.columbia.edu/financing-your-education
Counseling Appointments: ◦ Counseling appointments are typically one half-hour and are meant
for more in-depth educational counseling issues and long-termplanning. An appointment is usually the best way for a student tostart the planning process for managing Columbia educational costs.GS financial aid Counselors will be available for appointments atvarious times each week. Please call 212-854-5410 to schedule acounseling appointment.
Email: [email protected]
Telephone: (212) 854-5410
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Aid Applications
Federal Financial Aid◦ Two Forms necessary to apply: FAFSA - www.fafsa.ed.gov Planned Enrollment Form - Online Financial Aid
System
FAFSA is a national form sent to a CentralProcessor. School Code: 002707
State TAP Award◦ After FAFSA-on-the-web, access TAP-on-the-Web
application at the confirmation pageOR
◦ After FAFSA, HESC mails an Express Tap Application (Paper Process) School code: 0171
www.hesc.org
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Educational FinancingWebsite
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Available Aid: Grants
Federal Grants◦ Pell
Max award: $5,645/year or $2,822/semester
◦ SEOG
Max award: $1,400/year or $700/semester
State Grants
◦ TAP (12 credits or more)
Max award: $5,000/year or $2500/semester ◦ APTS (3 to 11.5 credits)
Max award: $2000/ year or $1,000 per semester
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Available Aid: Work-Study
Federal Work-Study◦ Provides part-time employment and allows students
to earn money for their education.
◦ Awarded based on financial need.
◦ Job listings available online at:
www.fws.columbia.edu
◦ Employment papers can be picked up at the
Federal Work-Study Payroll Office in 210 Kent Hall.
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Available Aid: Loans
Federal◦ Federal Perkins Loan
Interest free while in school at least ½ time Fixed interest rate of 5% Payments begin 9 months after you graduate or cease to be
enrolled for at least 6 credits. Depending on enrollment and available funding, maximumaward $3,400 per academic year for full-time students.Students enrolled less than full-time will receive smaller awards.
◦ Federal Direct Subsidized Loan
Interest free while in school at least ½ time Fixed interest rate of 3.86% disbursed throughout 7/1/13 –
6/30/14 Payments begin 6 months after you graduate or cease to be
enrolled for at least half time (6 credits). $3,500 subsidized (0 - 23 credits)
$4,500 subsidized (24 - 55 credits) $5,500 (56 + credits)
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Available Aid: Loans (cont.)
Additional Federal Loans Independent Students
◦ Federal Direct Unsubsidized Loan◦ Fixed interest rate of 3.86% disbursed throughout 7/1/13 –
6/30/14
◦
Interest begins accruing upon disbursement Have option to defer interest payments while in school
◦ Payments begin 6 months after you graduate or cease to beenrolled for at least half-time (6 credits).
◦ $6,000 (0 – 55 credits)
◦ $7,000 (56 + credits)
Dependent Students◦ Federal Direct Unsubsidized Loan
◦ $2,000 (0 – 55 credits)
◦ $2,000 (56 + credits)
◦ Federal Direct Parent PLUS Loan
◦ Amount based on your cost of attendance minus your financialaid
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Available Aid: Loans (cont.)
Private Educational loans◦ Suggested Lender Chart available online at
http://www.columbia.edu/cu/sfs/
Apply online with the lender
Not an exhaustive list, students are not limited tothese lenders
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Online Financial Aid System
https://studentviewer.finaid.columbia.edu/
Review missing financial aid documents
Review and Accept/Decline financial aid◦ Login using your
Columbia University ID # (CUID, C00_ _ _ _ _ _)
PIN, initially your date of birth (MMDDYYYY)
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Additional Forms Required
Federal Direct Subsidized andUnsubsidized Loans◦ Entrance Interview/Counseling: goes over
the borrower’s responsibilities ◦
Master Promissory Note (MPN): contractbetween the borrower and lender promisingrepayment
◦ Completed online at www.studentloans.gov
Federal Perkins Loans◦ Entrance Interview: Completed online at
https://ssol.columbia.edu/ ◦ Master Promissory Note (MPN): ACS –
Perkins Loan Servicer
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Office of Educational Financing
408 Lewisohn Hall◦ Typical Quick-Visits: 10 to 11:30 AM & 2:30 to 4:00 PM, Monday –
Friday
Quick-Visit Schedule:www.gs.columbia.edu/financing-your-education
◦ Appointment by schedule
Telephone: (212) 854-5410
Email: [email protected]