Shaking the money tree region viii

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  • Shaking the money tree region viii

    1. 1. SHAKING THE MONEY TREE: MAKING THE MOST OF FINANCIAL RESOURCES FOR INTERNATIONAL STUDENTS NAFSA Region VIII – Pittsburgh, PA
    2. 2. Presenters  Jennifer Frankel Director of Financial Services Envisage International  Keisha Jimmerson Director of Intercultural Services Seton Hill University  Rebecca Lee Director of International Student Services and Enrollment Point Park University
    3. 3. Case Study Instructions    Each group gets a case study to analyze and discuss with fellow group members. As a group, discuss the issues and how you would address the problem. One member from each group will give an overview of the case study along with the approach your group would take.
    4. 4. Student Case Studies     Case Study #1: Freshman international student, Kamal comes to campus. First semester, she does extremely well academically and socially. Kamal begins have difficulty toward the middle of second semester. She informs you that her uncle has lost his job in Nepal. He was assisting with her college expenses. How can you help Kamal? What steps can you advise her to take? Case Study #2: An international graduate student, Ivan is almost down with his graduate degree. In his last term, he is offered a job at an area agency. Currently, he works on campus. He wants to work on campus and take the job as an internship. Thoughts?  Discussion: What issues have you encountered at your institutions with helping international students around finances?  http://www.usastudyguide.com/international-student-scholarships-andfinancial-aid.htm
    5. 5. Primary Sources of Funding 2012-2013 Personal and Family (63.6%) U.S. College or University (20.7%) Foreign Government or University (7.1%) Current Employment (5.3%) Foreign Private Sponsor (1.1%) U.S. Private Sponsor (0.6%) U.S. Government (0.8%) International Organization (0.2%) Other Sources (0.6%) Open Doors Report 2013
    6. 6. Tuition On The Rise According to MSN, “college tuition has jumped by 500% since 1985”
    7. 7. Choosing a School- Is it Yours? What is a student’s budget and what is your value proposition? Rural v. Urban, Private v. Public,  Community College v. Four-Year Institution  Financial Assistance v. Personal Funds (is it realistic?) Investment in retention? Transfer credits, programming, services????? 
    8. 8. Be Budget Savy: Help Students Select the Right School    How do you evaluate the costs on-campus for the I-20? Is a complete summary of costs outlined to prospective students? Weighing recruitment versus advising Transparency on costs is key.
    9. 9. Prearrival Budget Info Tuition and University Fees for One Academic Year (2 Semesters) of Full-Time Study Undergraduate Tuition (12-18 Cr. / semester) $24,980 Undergraduate (COPA)* (12-18 Cr. / semester) $31,540 Graduate (9 credits /semester) $14,238 University Fees Technology Fee Activity Fee Health Insurance (UPMC) Subtotal $540 $300 $350 $1,750 $540 $300 $350 $1,750 $846 $90 -$1,750 $27,920 $34,480 $16,924 Personal and Living Expenses for One Year (2 semesters) Undergraduate* Undergraduate (COPA)* Graduate* Room (double occupancy) $4,860 $4,860 $4,860 Board (14 meals/week + $200 Flex) Books (estimated) Miscellaneous (estimated) Subtotal $5,360 $900 $1,000 $5,360 $900 $1,000 $5,360 $900 $1,000 $12,120 $12,120 $12,120
    10. 10. Budget Risk Factors     Exchange rate fluctuations/crisis in home country Interruption of funds (life changing event) Inability to stick to a budget/land of plenty Withdrawal of funds from sponsor
    11. 11. Other Expenses To Convey     Roundtrip airfare Potential interviews Lodging (interviews or early arrival) Athletes/Intl arrival before semester begins  Cafeteria  Dormitories   Visa application fees Transportation
    12. 12. Transparency- must be in writing Steps to Paying your Bill 1. S ecure financial aid such as private student loans or private scholarships 2. Enroll in a University payment plan for remainder of expenses. 3. Pay tuition and fees in full by the tuition due date. Point Park University’s Billing Policies Registration and housing contracts determine your semester charges. Any changes to registration or housing can impact your account balance. S tatements are available by logging into PointWeb at pointweb.pointpark.edu. You must either make a full payment or set up a payment plan prior to the semester start date. Visit www.pointpark.edu/tuitionduedates for specific due dates. If you register after the tuition due date, payment is due upon registration. Monthly late fees of $75 are assessed on past due accounts. ―Business holds‖ are placed on past due accounts; the student will be ineligible for schedule change, future registration, official transcripts and/or diplomas. Payment Plans Point Park University offers several payment plans which allow students to pay their tuition in installments rather than in one large payment. There are three payment plans available to students. Each plan includes an enrollment fee which cannot be waived. An educational loan is a form of financial aid that must be repaid, with interest. Private student loans issued through US banks are the only form of loans that international students qualify for. Annual P ayment P lan Fall and spring terms combined Enrollment fee $115 Option #1: 10 equal payments beginning J 15 une Option #2: 9 equal payments beginning J 15 uly Option #3: 8 equal payments beginning Aug. 15 Conditions include: You are enrolled at an approved college or University. You have a US citizen or permanent resident willing to sign as a co- applicant. Your co-applicant can satisfy credit approval criteria. S emester P ayment P lan-Fall Only Enrollment fee $65 Option #1: 5 equal payments beginning J 15 uly Option #2: 4 equal payments beginning Aug. 15 S emester P ayment P lan-S pring Only Enrollment fee $65 4 equal payments beginning Dec. 17 T o Enroll and for More Information: www.pointpark.edu/paymentplans Payment Methods Online: e-check, Discover, MasterCard In the S tudent Accounts Office: cash, check, money order 2012-2013 Tuition and Fees Payer Authorization Semester Fall 2012 Spring 2013 Summer 2013 Due Date Aug. 15, 2012 Dec. 17, 2012 May 1, 2013 For Information: www.pointpark.edu/about/tuitioncosts Private Student Loans You may authorize others to view your statements and make payments online. To set up authorized payers, visit pointweb.pointpark.edu. Office of Student Accounts Phone: 412-392-3424 Fax: 412-392-3962 Email: studentaccounts@pointpark.edu For more information visit www.internationalstudentloan.com Private Scholarships Undergraduate scholarships and graduate fellowships are forms of aid that help students pay for their education. Unlike student loans, scholarships and grants do not have to be repaid. Generally, scholarships and fellowships are reserved for students with special qualifications, such as academic, athletic or artistic. The following website have information about private scholarships available: www.petersons.com www.internationalstudent.com www.scholarshipexperts.com www.fastweb.com
    13. 13. Post Arrival      Orientation Handouts- local services, worship opportunities, eating establishments and transportation options Employment- be specific during orientation Economic HardshipRetention
    14. 14. Staying connected with the Intl Office Social media-all important!  Listserves  Website  Private scholarships  On campus employment  Campus clubs and alumni  Religious/immigration groups STAYING CONNECTED IS KEY! 
    15. 15. Employment           Private work study/CPT/OPT On-Campus Employment for F-1 Point Park University Students F-1 students are permitted to work part time (up to 20 hours per week) on our campus while they are attending Point Park University. F-1 students are not eligible to work off campus. Students who are found to be working off campus will be at risk of having their I-20 terminated. Students must seek out available positions on campus on their own. Those seeking positions on our campus can apply to the following places: • Starbucks on campus—first floor of Constega Hall • Bookstore—first floor of Lawrence Hall • Osteria on campus—Village Park • ARAMARK Inc. Food Services—2nd floor of Lawrence Hall If students have not been employed before in the United States, they will need to get a Social Security Card. An offer of employment is needed prior to issuance of the Social Security number. Once you have secured a position, please visit the ISSE office for more information on your next steps. Any students with questions regarding on-campus employment can come to the ISSE office located at 101 Wood Street.
    16. 16. External Free Money     Scholarships Grants Fellowships Assistantships
    17. 17. The Funding Cycle for International Students Home government or embassy Religious organizations and associations Colleges and universities Private organizations (U.S. and international) Foundations and Philanthropies International agencies
    18. 18. IEFA.org FundingUSStudy.org http://www.usastudyguide.com/international-student-scholarships-and-financialaid.htm External Resources for International Students
    19. 19. External Resources for International Students InternationalScholarship.com AbroadPlanet.com
    20. 20. External Resources for International Students http://www.usastudyguide.com/internationa l-student-scholarships-and-financialaid.htm edu.fastweb.com bigfuture.collegeboard.org
    21. 21. Bridge the Gap: International Student Loans • Stafford Loan • Perkins Loan • PLUS Loan Which of these are available to an international student?
    22. 22. Compare Lenders for International Students
    23. 23. Interactive Forum  What award programs do you offer international students at your school and how do they work?
    24. 24. Interactive Forum  Do you partner with stakeholders and how did you develop that relationship?
    25. 25. Interactive Forum  What are some challenges that your international face when it comes to financial aid?
    26. 26. Thank you! Keisha Che’re Jimmerson jimmerson@setonhill.edu Jennifer Frankel Greensburg, PA 15601 724-830-1089 jfrankel@envisageinternational.com 224 First Street Rebecca Lee rlee1@pointpark.edu Neptune Beach, FL 32266 (904) 247-1387 ext 104 201 Wood Street Pittsburgh, PA 15222 (412) 392-3903

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