Student Financial Aid

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money matters

• Student Financial Aid
• and the
• Bursars Office
• WELCOME YOU TO PSU

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PSUBursars Office
Speare Admin. Building, First Floor www.plymouth.e
du/bursar [phone] (877)-846-5755 toll free
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What does the Bursars Office do?

• Processes student billing
• Accepts payment for your bills
• Disburses loan payments
• Distributes student refunds
• Advises students and parents on payment options

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Estimated Semester Bill

• In-State Out-of-State
• Tuition 3,020 6,820
• Mandatory Fees 882 882
• Orientation Fee 105 105
• Enrollment Fee 75 75
• Double Room 2,720 2,720
• 285 Block Meal
• Plan Flex Cash 1,295 1,295
• TOTAL 7,543 11,178
• First Semester-Only Costs

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Billing/Payment Schedule

• Fall Bill
• Available online July 6, 2007
• Due August 3, 2007
• Spring Bill
• Available online November 07, 2007
• Due December 07, 2007
• Your bill may include
• Tuition and Mandatory Fees
• Room and Board charges
• Other Fees (course fees, parking fines, library
  fines, etc)
• Anticipated Financial Aid
• Authorized 3rd Party payments

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Billing/Payment Schedule Contd

• Miscellaneous charges are billed monthly
• Email notifications are sent to students
  plymouth.edu email accounts
• Students can add additional email addresses
  through the myPlymouth portal
• Miscellaneous charges must be paid by the end of
  the month to avoid a 1.5 interest late fee

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YOUR ONLINE BILL

• Accessed through the myPlymouth portal
• Currently only accessible by the student
• We are working with IT on creating
  parent/guardian access
• Available 24/7
• Contains up-to-the minute account information
• May only be discussed with Parents or Guardians
  if the student completes the Federal Educational
  Rights and Privacy Act (FERPA) Authorization Form

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Online Bill Demonstration

• Live demonstration

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How to pay your bill

• Financial Aid
• -Federal Grants/Loans, PSU Scholarships
• Payment Plan
• 3rd Party Payment
• External scholarships/grants, government
  authorizations
• Online E-check
• -Easy, Convenient, Always Accurate
  
• -via MyPlymouth.edu portal web page
• -visit www.plymouth.edu/bursar for more
  information.
• Cash, check or money order
• -mailed or hand-delivered to the Bursars
  Office

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Sallie Maes TuitionPay Plan
REDUCEDEBT

• Interest Free Monthly Payment Plan
• 60 Annual Enrollment Fee
• Payments spread over 10 months
• Fall Payments June 1 through October 1
• Spring Payments November 1 through March 1
• Enrollment Deadline June 30, 2007
• Use Estimated Rates
• Speak with SM Rep. on campus tomorrow
• from 9am noon

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TuitionPay Plan Contd

• Key Benefits
• Borrow Less
• Free Tuition Protection Coverage for bill payers
• Establish Automatic Payments
• Save Money by avoiding late fees and
  overpayments
• The Bursars Office will automatically increase
  or decrease your contract amount to ensure your
  students account balance zero after each monthly
  billing cycle.
• (NOTE Increases greater than 500 will be
  discussed with you first except to settle
  accounts on major deadlines.)

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Non-University/External Scholarships

• If External award is to be paid directly to PSU,
  send a copy of the award letter to the Bursars
  Office.
• The award letter must include
• Students First, Middle and Last Name
• Awarding Agencys Name, address telephone .
• Amount to be awarded and for which semester(s).
• And, the award must not have any eligibility
  restrictions on it
• Dependency upon grades
• Financial need
• Scholarship will appear on bill as a memo item
  representing an anticipated, guaranteed payment
  (if appropriate information is provided)

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Non-University/External Scholarships Contd

• If award is paid directly to the student, you
  must
• Endorse it over to PSU
• Label it a scholarship payment
• Send it to the PSU Bursars Office
• Enclose the awarding agencys name, phone number
  and address.
• NOTE All company checks will automatically be
  processed as scholarships unless accompanying
  documentation describes it otherwise.

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Why Pay Your Bill On Time?

• To Avoid a 1.5 monthly compounding interest late
  fee
• To Secure Your Registration
• Failure to pay your bill in full by the due date
  may result in
• -Your classes being cancelled
• -You being withdrawn from PSU.

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Tips for Ensuring your Bill is Paid On Time

• View Your Account Balance on the Due Date
• If the Amount Due is 0 or a credit (-)
  balance, you have paid on time.
• Allow 7 days for us to receive and post your
  paper check payment by the due date.
• Pay by E-Check
• Payments completed by 400 pm are posted the same
  day.

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PROTECT YOUR INVESTMENT

• Insurance coverage from A.W.G Dewar, Inc.
• Cost Protection for
• Tuition and Mandatory Fees
• Room and/or Board
• Full or partial coverage for
• Injury Sickness Withdrawals
• Psychological/Emotional Withdrawals
• Low Annual cost (for Fall Spring Term
  coverage)
• 174 NH Resident On-Campus
• 86 NH Resident Off-Campus
• 251 Non-NH Resident On-Campus
• 163 Non-NH Resident Off-Campus

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For More Informationon Billing and Payment
OptionsVisit the Bursars Office web
pagewww.plymouth.edu/bursar
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Student Financial Aid Team

• Speare Admin. Building, First Floor
• 603/535-2338
• 877/846-5755 (toll free)
• OFFICE HOURS
• Mon., Tues., Thurs., Fri.
• 830 a.m. - 4 p.m.
• Wed. 930 a.m. - 4 p.m.
• www.plymouth.edu/finaid/contact

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Student Financial Aid Office

• OFFICE HOURS
• Monday, Tuesday, Thursday, Friday
• 830 a.m. - 4 p.m.
• Wednesday
•   930 a.m. - 4 p.m.
• Phone Hours 8 a.m. 4 p.m.

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PSU FINANCIAL AID ON LINE

• myPlymouth (Secure Access Login with Username and
  Password)
• Student Services (TAB)
• Banner Self Service (business card)
• gtStudent Financial Aid
• gtFinancial Aid
• gtMy Overall Status -Select Aid Year
• gtSubmit

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Parents may receive copy of email notifications
if student adds parent email address to
myPlymouth
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IMPORTANT REMINDER

• FOR STUDENT SUCCESS, FREQUENTLY ACCESS
• PSU Email Account
• myPlymouth
• Hartman Union Building (HUB) Suite Box
•  

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Help With Costs

• Scholarships, Grants
• Federal Perkins Loan
• Federal Stafford Loan

• Federal Parent PLUS Loan
• (in parents name)
• Alternative Loans
• (in students name)

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Federal College Work-Study

• If identified on students award
• Not counted as credit on bill hours must be
  worked before payment received
• Students are paid bi-weekly use as spending
  money or save for educational expenses (i.e.
  books-Spring semester)
• Check for available positions on-line
• www.Plymouth.edu/finaid
• Link on Student Employment left side of front
  page

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Federal Perkins Loan (Deferred Repayment)

• Federal Perkins Loan (if eligible)
• PSU mailed to home June (return by June 19)
  RETURN Master Promissory Note and Disclosure
  Statement

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Federal Stafford Loan (Deferred Repayment)

• REQUIRED - ONE TIME
• 1. Counseling on-line
• www.mapping-your-future.org
• Sign Master Promissory Note (MPN) ON-LINE
  (notification sent to borrower)
• Loan funds forwarded to PSU after MPN
  completed) and 10 days prior to start of classes

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Federal Stafford Loan Maximums

• First Year 0-23 earned hours (3500)
• Second Year 24 - 47 earned hours (4500)
• Third Year 48 - 71 earned hours (5500 each
  year)

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FEDERAL PLUS Loan (Repayment Not Automatically
Deferred)

• Student must be a dependent
• Maximum COA minus Student aid eligibility
• Parent PLUS Loan requirements
• Sign promissory note (MPN) on-line
• 3-4 fee deducted up front
• Repayment starts after second disbursement unless
  deferment is requested

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ALTERNATIVE Student Loans

• Use as a last resort highest interest rates
• In Students name
• Based on Creditworthiness
• Usually lower fees with co-borrower

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Non-University Scholarshipsor External Awards

• Report outside scholarships to SFA Office
• To prevent over awards and after-the-fact award
  changes (federal requirement)
• Use as a credit to pay bill
• Automatically applied to first semester unless
  otherwise directed

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FINANCIAL AID TIPS

• STUDENTS SHOULD PLAN TO HAVE FUNDS TO PURCHASE
  BOOKS OUT OF POCKET EACH SEMESTER
• FINANCIAL AID REFUNDS ARE NOT AVAILABLE UNTIL THE
  3 DAY OF CLASSES IF ALL AID PROCESSES HAVE BEEN
  COMPLETED.

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Financial Aid Tips

• To graduate in FOUR years
• must average 15.25 per semesters for eight
  semesters
• PSU limits merit aid to 4 years for full-time
  students
• Standards of Satisfactory Progress policy
• Number of years enrolled
• Annual completion rate

Summer and Winterim terms are a good buy
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Financial Aid Tips

• Application for student financial assistance
  must be completed annually
• PSU preferred filing deadline is
• March 1

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Financial Aid Tips

• Reapply by March 1 even if
• Eligibility is temporarily lost due to lack of
  academic progress
• Tax returns have not been completed use
  estimated tax information

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Financial Aid Tips

• Federal Stafford Loan and Parent PLUS Loan
  require minimum of 6 semester hours each term.
• IF FAFSA is selected for verification -provide
  requested documentation immediately.

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What More Do I Need to Know?

• Take responsibility
• Use myPlymouth to monitor and update your records
• use a calendar to track bill due dates

IN DOUBT? PLEASE ASK!
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THANK YOU FOR ATTENDING OUR SESSIONFEEL FREE TO
VISIT US IN SPEARE OR ON THE WEB
ATwww.plymouth.edu/finaid
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