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Student Presenation 2010

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Student Presenation 2010

  1. 1. Longhorns Guide to Financial Aid<br /><ul><li>http://finaid.utexas.edu • (512) 475- 6282</li></li></ul><li>OSFS Services<br /><ul><li>Financial Aid Counseling & Processing
  2. 2. Complete your new FAFSA each year
  3. 3. www.fafsa.ed.gov
  4. 4. Scholarships
  5. 5. www.texasscholarships.org
  6. 6. Bevonomics – money management workshops
  7. 7. www.bevonomics.org
  8. 8. Hire-a-Longhorn – job search
  9. 9. www.hirealonghorn.org</li></li></ul><li>www.fafsa.ed.gov<br />Complete FAFSA each year by the priority deadline: March 31st<br />
  10. 10. Check Finaid Status Online via CASH http://finaid.utexas.edu/cash<br /><ul><li>Review & submit your Financial Aid award notice
  11. 11. Complete any requirements:
  12. 12. Entrance Counseling
  13. 13. Documentation needed
  14. 14. FERPA privacy release
  15. 15. Direct deposit authorization
  16. 16. Report scholarships
  17. 17. Review the status of your funds release</li></li></ul><li>EFAN = Award letter <br /><ul><li> Cost of Attendance (COA)
  18. 18. Tuition
  19. 19. Books
  20. 20. Housing
  21. 21. Transportation
  22. 22. Miscellaneous
  23. 23. Financial aid assists you in paying these costs</li></li></ul><li>Student Loans - Getting Started<br />Use your FAFSA PIN to gain access<br />Requirements listed on “My Profile”<br />
  24. 24. Complete Entrance Loan Counseling<br /><ul><li>Takes 20-30 minutes to complete
  25. 25. Loans will </li></ul>NOT voucher until the counseling requirement <br /> is satisfied<br />
  26. 26. Subsidized/Unsubsidized Direct Loans –Master Promissory Notes <br />
  27. 27. Parent PLUS Loan: two-step process<br />Step 1: PLUS Request Process<br />Step 2: PLUS Loan MPN<br />
  28. 28. Fall T&F bill How Will You Pay For It?<br /><ul><li>See your “My Tuition Bill” page UT Direct
  29. 29. Due August 11thby 5:00pm
  30. 30. Must select payment arrangement:
  31. 31. Click the “Pay with Financial Aid” button
  32. 32. Installment Plan
  33. 33. Check: Electronic Funds Transfer (EFT)
  34. 34. Credit Card: MasterCard & Discover Only
  35. 35. Tuition Loan</li></li></ul><li>“My Tuition Bill “ via UT Direct <br />You must select a payment option in order to secure your classes<br /> Red means classes are not secured Green means classes are secured<br />After<br />Before<br />
  36. 36. Disbursement of Aid<br /><ul><li>When is aid released?
  37. 37. At the start of each semester
  38. 38. See “Funds release” via CASH page
  39. 39. What is paid?
  40. 40. Any outstanding UT debt
  41. 41. (i.e. T&F’s, on-campus housing…)
  42. 42. Where does remaining aid go?
  43. 43. See “Where’s my Check” via UT Direct or “Funds Release” via CASH
  44. 44. Direct Deposited
  45. 45. to update go to “My Bank Info” via UT Direct
  46. 46. Mailed as a paper check
  47. 47. to update go to “My Addresses” via UT Direct</li></li></ul><li>Where to Keep Your Money?<br />Choosing a Bank<br /><ul><li>Location
  48. 48. Fees
  49. 49. ATM Access
  50. 50. On-line Banking
  51. 51. Free Checking</li></li></ul><li>Manage your Money<br /><ul><li>Pay bills on time: tuition, books, rent, utilities
  52. 52. Avoid “bad debt”, such as credit cards, short-term loans
  53. 53. Reduce your financial stress
  54. 54. Budget
  55. 55. Attend a Bevonomics session
  56. 56. Plan ahead
  57. 57. Think about future expenses
  58. 58. Save money for fun stuff
  59. 59. Save 10%</li></ul>Financial Aid refund / 4 months = Monthly Budget<br />Monthly Spending / 4 weeks =<br />Weekly Budget<br />
  60. 60. Bevonomics<br />Workshop Topics:<br /><ul><li> Spending & Saving
  61. 61. Understanding Credit
  62. 62. Guide to Investing
  63. 63. Repaying Student Loans
  64. 64. Guide to Renting & Living in Austin
  65. 65. My First Job: Choosing Benefit Packages
  66. 66. Identity Theft
  67. 67. My First Car</li></ul>See www.bevonomics.org<br /> for Fall 2010 schedule<br />
  68. 68. CAUTION!!!! Credit Cards<br />$4,100 – average college senior’s credit card debt<br />91%of undergraduates have at least one credit card<br />$21,000 – average student loan debt at graduation$28,400 – average price of new car<br />
  69. 69. Needs vs. Wants<br />
  70. 70. Do Free Activities! <br />900+ Student Orgs<br />
  71. 71. Get a Jobwww.hirealonghorn.org<br /><ul><li> Work-study & other</li></ul> part-time jobs<br /><ul><li> Work-study Job Fair:</li></ul> August 30th <br /> 10am -2pm<br /> @ TX Union Ballroom<br /><ul><li> Perks:
  72. 72. On-campus
  73. 73. Flexible
  74. 74. Networking
  75. 75. Resume building
  76. 76. Good pay</li></li></ul><li>Things to Remember<br /><ul><li>Apply for FAFSA each year by the priority deadline
  77. 77. FERPA privacy release authorization
  78. 78. Always check your CASH page
  79. 79. Read all mail / e-mail
  80. 80. Submit all required documentation
  81. 81. Complete Direct Loan promissory notes & entrance counseling online at: https://studentloans.gov</li></li></ul><li>Longhorns Guide to Financial Aid<br />Mon - Fri 8:00am – 5:00pm <br />(512) 475 - 6282<br />Student Services Building (SSB)<br />3rd Floor<br />Find us on Facebook:<br /> University of Texas at Austin Financial Aid Office<br /><ul><li>http://finaid.utexas.edu • (512) 475- 6282</li>

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