Understanding Financial Aid and Billing

Presented by the Student Service Center

Understanding Financial Aid and Billing

Presented by the Student Service Center

Financial Aid

Awards and manages internal and external funds including:

Grants

Loans

Scholarships

Work Study

Provides counseling on

alternative and federal loans.

Financial Aid

Awards and manages internal and external funds including:

Grants

Loans

Scholarships

Work Study

Provides counseling on

alternative and federal loans.

Financial Services

Generates and updates bills.

Establishes monthly payment plans.

Counsels students on alternative methods of financing.

Financial Services

Generates and updates bills.

Establishes monthly payment plans.

Counsels students on alternative methods of financing.

Registrar

Sets up and registers students for courses.

Process student transcripts and verification requests.

Makes sure students are clear to graduate.

Maintains academic records.

Attend class?

Registrar

Sets up and registers students for courses.

Process student transcripts and verification requests.

Makes sure students are clear to graduate.

Maintains academic records.

Attend class?

Assists international students by making sure that all proper

documentation is up to date.

International Student Services

Assists international students by making sure that all proper

documentation is up to date.

International Student Services

SSR’s are stationed at the Student Service Center along with regular

counselors from opening until closing. They can help students by:

Answering general inquiries and questions.

Processing incoming documents and payments.

Assisting students with registration for courses.

Responding to phone calls, emails, and voice messages.

Email: ssc@wit.edu Phone: 617-989-4020

Student Service Representatives

SSR’s are stationed at the Student Service Center along with regular

counselors from opening until closing. They can help students by:

Answering general inquiries and questions.

Processing incoming documents and payments.

Assisting students with registration for courses.

Responding to phone calls, emails, and voice messages.

Email: ssc@wit.edu Phone: 617-989-4020

Student Service Representatives

How Will I PAY For It?

But What You Really WantTo Know…

Tuition

Room

Meal Plan

Health Insurance

TOTAL:

$12,000

$5,665

$1,160

N/A

$18,825

$24,000

$11,330

$2,320

$975

$37,650

Cost of Attendance

¹ - Based on double-occupancy room rate.

Semester Year

¹ ¹

² - Charge can be waived.

²

Tuition

Room

Meal Plan

Health Insurance

TOTAL:

$12,000

$5,665

$1,160

N/A

$18,825

$24,000

$11,330

$2,320

$975

$37,650

Cost of Attendance

¹ - Based on double-occupancy room rate.

Semester Year

¹ ¹

² - Charge can be waived.

²

Cost of AttendanceSchool Total Yearly CoA

Wentworth Institute of Technology $37,650

Northeastern University $49,452

Simmons College $42,262

Emmanuel College $46,207

Wheelock College $42,425

Boston College $52,624

Boston University $52,124

Cost of AttendanceSchool Total Yearly CoA

Wentworth Institute of Technology $37,650

Northeastern University $49,452

Simmons College $42,262

Emmanuel College $46,207

Wheelock College $42,425

Boston College $52,624

Boston University $52,124

Health InsuranceMassachusetts law states that all students

enrolled either part- or full-time in an institution of

higher education must have health insurance.

Like many schools, Wentworth pre-bills

students a set health insurance charge for the

year. This insurance can be waived if a student

has prior qualified coverage.

For more information visit:

www.wit.com/ssc/ser/s_healt.htm

Health InsuranceMassachusetts law states that all students

enrolled either part- or full-time in an institution of

higher education must have health insurance.

Like many schools, Wentworth pre-bills

students a set health insurance charge for the

year. This insurance can be waived if a student

has prior qualified coverage.

For more information visit:

www.wit.com/ssc/ser/s_healt.htm

Finalizing Your EducationTo begin reviewing your account, check your financial

aid award on LeopardWeb to determine your balance

due.

To access LeopardWeb…

1

Select Leopardweb

Log In at http://lconnect.wit.edu

2

Finalizing Your EducationTo begin reviewing your account, check your financial

aid award on LeopardWeb to determine your balance

due.

To access LeopardWeb…

1

Select Leopardweb

Log In at http://lconnect.wit.edu

2

Finalizing Your EducationIn LeopardWeb you can…

Calculate your budget with your total aid factored

in.

Accept or decline your financial aid package.

View your required financial aid documentation and

send necessary paperwork back to Wentworth.

To view your aid within LeopardWeb click on “Student

and Financial Aid” “Aid” “Award for Aid Year”

“Award Year 2011-2012”

Finalizing Your EducationIn LeopardWeb you can…

Calculate your budget with your total aid factored

in.

Accept or decline your financial aid package.

View your required financial aid documentation and

send necessary paperwork back to Wentworth.

To view your aid within LeopardWeb click on “Student

and Financial Aid” “Aid” “Award for Aid Year”

“Award Year 2011-2012”

Finalizing Your EducationIf your financial aid changes for any reason a revised-

award postcard will be sent to your address on file. The

revised award will also be immediately viewable on

LeopardWeb.

For assistance deciding what payment option may work

for you, visit: http://borrowsmart.afford.com/

Finalizing Your EducationIf your financial aid changes for any reason a revised-

award postcard will be sent to your address on file. The

revised award will also be immediately viewable on

LeopardWeb.

For assistance deciding what payment option may work

for you, visit: http://borrowsmart.afford.com/

Your E-AwardView Available

AidAccept/Decline Aid

Accept Either Full or Partial

AidView Required/Missing

Paperwork

Your E-Award

View Required/Missing

Paperwork

What Do We Mean WhenWe Talk About Aid?

Federal LoansDirect Stafford

Loan

Direct PLUS Loan

Federal loan taken out in the student’s name and

repayable six months after graduation. There are

Subsidized (interest is paid by the government while

in school) and Unsubsidized (interest is not paid by

the government).

Federal loan taken out in the parent’s name.

Approval is credit-based with fixed interest of 8.5%.

Federal LoansDirect Stafford

Loan

Direct PLUS Loan

Federal loan taken out in the student’s name and

repayable six months after graduation. There are

Subsidized (interest is paid by the government while

in school) and Unsubsidized (interest is not paid by

the government).

Federal loan taken out in the parent’s name.

Approval is credit-based with fixed interest of 8.5%.

Federal Loans

INDEPENDENT UNDERGRAD

First Year $3,500 $6,000 $9,500 $109 $13,120

Second Year $4,500 $6,000 $10,500 $121 $14,500

Third Year $5,500 $7,000 $12,500 $144 $17,262

DEPENDENTUNDERGRAD

BASE SUB & UNSUB

ADD’L UNSUB

MAX SUB & UNSUB

MONTLYREPAYMENT

ESTIMATED TOTAL

First Year $3,500 $2,000 $5,500 $63 $7,595

Second Year $4,500 $2,000 $6,500 $75 $8,976

Third Year $5,500 $2,000 $7,500 $86 $10,376

www.edfund.org

Federal Loans

INDEPENDENT UNDERGRAD

First Year $3,500 $6,000 $9,500 $109 $13,120

Second Year $4,500 $6,000 $10,500 $121 $14,500

Third Year $5,500 $7,000 $12,500 $144 $17,262

DEPENDENTUNDERGRAD

BASE SUB & UNSUB

ADD’L UNSUB

MAX SUB & UNSUB

MONTLYREPAYMENT

ESTIMATED TOTAL

First Year $3,500 $2,000 $5,500 $63 $7,595

Second Year $4,500 $2,000 $6,500 $75 $8,976

Third Year $5,500 $2,000 $7,500 $86 $10,376

www.edfund.org

Federal LoansWhen you accept your Federal Stafford Loan(s) you will

have two requirements before that aid can disburse:

Master Promissory Note (MPN)

Entrance Counseling

www.studentloans.gov

Federal LoansWhen you accept your Federal Stafford Loan(s) you will

have two requirements before that aid can disburse:

Master Promissory Note (MPN)

Entrance Counseling

www.studentloans.gov

Work StudyFunds for students who work on campus and earn

wages. This money is not applied to your tuition.

Applications for student employment occur during the

first week of courses.

Work StudyFunds for students who work on campus and earn

wages. This money is not applied to your tuition.

Applications for student employment occur during the

first week of courses.

Alternative Financing Select a loan provider of your choice.

Adjustable interest rate.

Student is the primary borrower with an eligible co-

borrower.

Credit-based approval.

Deferred payments while in school.

Can borrow up to the cost of attendance minus

financial aid.Visit “Financial Aid” at www.wit.edu/ssc for more

information.

Alternative Financing Select a loan provider of your choice.

Adjustable interest rate.

Student is the primary borrower with an eligible co-

borrower.

Credit-based approval.

Deferred payments while in school.

Can borrow up to the cost of attendance minus

financial aid.Visit “Financial Aid” at www.wit.edu/ssc for more

information.

Understanding

Will Make Life a Breeze

Your E-BillYou can view your charges and

financial aid.You can waive or enroll in Wentworth’s health

insurance.You can view your overall

balance.You can make online payments directly to your

account.

Your E-BillUnderstanding

Will Make Life a Breeze

Your E-BillUnderstanding

Will Make Life a Breeze

Tuition Management SystemTuition Management System (TMS) is a third party that

Wentworth uses to handle official payment plans.

Plans are interest-free.

One-time enrollment charge of $75.

Plans can be set up either yearly (9-12 month

payment) or by semester (4-5 month payment).

Payment made either online or over the phone with

TMS.

www.afford.com

Tuition Management SystemTuition Management System (TMS) is a third party that

Wentworth uses to handle official payment plans.

Plans are interest-free.

One-time enrollment charge of $75.

Plans can be set up either yearly (9-12 month

payment) or by semester (4-5 month payment).

Payment made either online or over the phone with

TMS.

www.afford.com

Bill Due DatesFall 2011

Spring 2012

Summer 2012

Early August

Mid-December

Early April

Bill Due DatesFall 2011

Spring 2012

Summer 2012

Early August

Mid-December

Early April

Questions?

Questions?