HOKIE FOCUS 2007

Office of University Scholarships and Financial Aid

(USFA)

CONTACT USFA

• Monday thru Friday, 8:00am to 5:00pm

• Website www.finaid.vt.edu

• Preferred Contact finaid@vt.edu

• Phone (540) 231-5179

• Email/calls returned in 72 business hours

• Allow Assistant Counselors to assist

FLASH.MAIL

• Electronic USFA newsletter• Announcements, updates, changes• Scholarship opportunities• Parents encouraged to subscribe• Free, no spamming• www.finaid.vt.edu/flash/index.php

FLASH.

MAIL

APPLICATIONS AND DEADLINES

• Complete FAFSA– Priority Deadline - 3/11/07

• General Scholarship– Deadline - 3/11/07

• Presidential Campus Enrichment Grant– Deadline – 6/1/07

• Departmental/College Scholarships– Deadline – Check w/Departments

• Honors – Closed until Spring 2008

2007-08 AWARDS

• Letter notification to view on the web

• Aid types and amounts displayed on web

Including:

$Grants/Scholarships---free money

$Work-Study---must work to earn

$Student Loans---to be repaid

• Module # 1 – Budgets• Module # 2 – Account Management• Module # 3 – Credit Cards• Module # 4 – Debt Management• Module # 5 – Other Benefits Available• Module # 6 – Loan Management• Module # 7 – Consumer Rights and Responsibilities

What Would You Like Your Future To Look Like?

YOUR FUTURE AT VT

• Accept Offer of Admission• Pay the deposit• Activate VT PID• Attend VT Orientation in July• E-bills sent around July 15th • Complete Authorization to Release

Confidential Information (multiple)

TYPICAL COSTS

Yearly Costs In State Out of State

Tuition & Fees $7397 $19775

Est. Room & Board

$5306 $5306

Est Due

Per Year

$12703 $25081

Est Due

Per Term

$6352 $12541

WHAT DO I PAY?

Fall charges Spring Charges

- Fall aid - Spring aid

Amount due Amount due

*Any balance due must be covered by payment deadline*

BILL AND PAYMENT OPTIONSE-Bills - Set Up Authorized Payers (goes to student VT email address and authorized payers) and then available approximately July 15 and December 15

Payment Options*E-Check Preferred*Cash/PaperCheck*Budget Tuition Plan*Parent PLUS Loan*Outside Sources/529 Plans

Payment Options (continued)

• MasterCard

• American Express

Provided as an optional convenience…a 2.75% service charge will be assessed

Remember, E-Checks Preferred

IMPORTANT REQUIREMENTS

Set Up Authorized Payer(s) https://banweb.banner.vt.edu/ssb/prod/twbkwbis.P_WWWLogin

Report outside/community scholarshipshttp://www.finaid.vt.edu/forms/documents/0708_SCHNOT.pdf

Complete the Authorization to Release Confidential Information http://www.finaid.vt.edu/forms/documents/INFRSL.pdf

Loan recipients must complete:• On-line Master Promissory Note (MPN)• On-line Entrance Interview • On-line Questionnaire (Perkins only)

Remember to file FAFSA each year

SPECIAL CIRCUMSTANCES

• Loss of Income

• Loss of Child Support

• Loss of Social Security Benefits

• Death of a Parent

• Divorced/Separated

• Unusual Medical Expenses

USFA CONTACTS:• USFA Contact Information

www.finaid.vt.edu finaid@vt.edu (540) 231-5179

• Presentation available at http://www.finaid.vt.edu/Presentations/ hokiefocus07