Financial Aid - Fairfield University
Financial Aid - Fairfield University
Financial Aid - Fairfield University
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Financing a <strong>Fairfield</strong> Education<br />
Orientation 2013<br />
Presenters:<br />
James D. Fitzpatrick ’70, Assistant Vice President – Administration & Student Affairs<br />
Raymond Bourdeau, <strong>University</strong> Bursar<br />
Diana DeVellis, Senior Associate Director of <strong>Financial</strong> <strong>Aid</strong><br />
Kimberly Droniak, Associate Director of <strong>Financial</strong> <strong>Aid</strong>
Today’s Agenda<br />
• Welcome Class of 2017 – Students & Parents!<br />
• Introductions<br />
• Books, supplies & <strong>University</strong> Gear<br />
• Billing & Payments<br />
• <strong>Financial</strong> <strong>Aid</strong><br />
• Q & A
Books, supplies<br />
& <strong>University</strong><br />
Gear<br />
Stag Spirit Shop<br />
John A. Barone Campus<br />
Center (BCC)<br />
<strong>University</strong> Bookstore<br />
1499 Post Road<br />
<strong>Fairfield</strong>, CT<br />
Downtown <strong>Fairfield</strong><br />
www.fairfield.edu/bookstore
Textbook Options<br />
New and Used<br />
• Used books equal to a 25% savings.<br />
•Are eligible for buy back .<br />
Rent –A – Text<br />
• Registration .<br />
available online in July!<br />
• Rent and save big!<br />
• Less risk due to upfront savings .<br />
Digital Textbooks<br />
•Interactive.<br />
•Better for the environment.<br />
•On average 45-65% of new list price.
RENT -A- TEXT<br />
Savings of up to 50% compared to new list<br />
price.<br />
Shop in-store now, or online<br />
Allows students to chose a preferred form<br />
of payment.<br />
Allows students the freedom to highlight<br />
and take notes all within the normal wear and<br />
tear associated with coursework.
BUYBACK INFORMATION<br />
We communicate with the faculty on their textbook needs<br />
and then buy as many used books as possible to save our<br />
students money.<br />
TEXTBOOK BUYBACK AVAILABLE ALL YEAR<br />
Up to 50% of initial purchase price!<br />
Cash!<br />
CONVENIENCE<br />
Available at both store locations<br />
“The Right Book At The Right<br />
Price”
TRADE & REFERENCE BOOKS<br />
GENERAL READING BOOKS<br />
<strong>Fairfield</strong> <strong>University</strong> Faculty Authors<br />
Huge Children’s Book Section<br />
Bestsellers<br />
Voted “Best Bookstore in <strong>Fairfield</strong> County”<br />
QUICK STUDY GUIDES<br />
Available for most subjects.<br />
Chemistry, Physics, Health, etc.<br />
EXAM REFERENCES<br />
SAT & ACT Prep.<br />
Graduate School Exams<br />
GRE, GMAT, LSAT, etc.<br />
Nursing Study Guides
GENERAL MERCHANDISE<br />
OFFICIAL <strong>Fairfield</strong> GEAR<br />
SCHOOL SUPPLIES<br />
Full line of school supplies from<br />
calculators to course required<br />
kits<br />
Calendars and planners<br />
Scantrons, Blue Books, &<br />
Clickers<br />
CONVENIENCE<br />
Snacks & Drinks<br />
Health/Beauty <strong>Aid</strong> Products<br />
Personal Need Items<br />
OFFICIAL <strong>Fairfield</strong> GIFTS<br />
License Plate Tags and Car Decals<br />
Cups/Glasses<br />
Stuffed Animals<br />
Blankets<br />
Flags & Banners<br />
Travel Mugs<br />
And more!<br />
CAMPUS LIVING<br />
Dorm room essentials<br />
Headphones and electronics<br />
Greeting cards and magazines<br />
Mailing envelopes and stamps<br />
STARBUCKS CAFE
OFFICIAL FAIRFIELD UNIVERSITY GEAR
ADDITIONAL SERVICES<br />
Bookstore Gift Cards<br />
Graduation Essentials<br />
Cap & Gown<br />
Announcements<br />
Class Rings<br />
Athletic and Event Tickets<br />
Laundry Service<br />
Shipping Service<br />
Fax Service<br />
Student Employment<br />
Flexible work hours<br />
Apply online or in-store<br />
Discounts include…<br />
10% OFF Textbooks<br />
25% OFF Merchandise
For more information check out:<br />
http://www.fairfieldbooks.bkstr.com<br />
http://www.fairfield.bkstr.com
Billing &<br />
Payments<br />
Office of the Bursar<br />
Raymond Bourdeau<br />
Bursar
Fall Semester Bill<br />
Detailed Breakdown<br />
Tuition (per semester) $21,160<br />
General <strong>University</strong> Fee $ 600<br />
Orientation Fee $ 230<br />
Tuition Deposit $ <br />
Health Insurance $ 1,290**<br />
* Fee removed once waiver is completed<br />
If living ON campus<br />
Room (per semester) $ 3,960<br />
Note: Room deposit credited at end of residency<br />
Meal Plan (per semester) $ 2,505
Meal Plan<br />
Plan Options<br />
14 meals per week plus<br />
100 Dining Dollars per<br />
semester (BASE PLAN)<br />
Unlimited meals per<br />
week plus<br />
200 Dining Dollars per<br />
semester<br />
Rate Per Semester<br />
$2,505<br />
$3,030
Billing Statements<br />
ALL billing statements are electronic<br />
NO paper bills!<br />
STUDENT receives notification via <strong>University</strong><br />
e-mail that a billing statement has been<br />
generated<br />
Student accesses bill via my.<strong>Fairfield</strong>.edu to<br />
On-line Bill and Payment site
Billing Statements<br />
VERY IMPORTANT!<br />
STUDENTS SHOULD create parent and/or<br />
guardian as an Authorized User in the<br />
On-line Bill and Payment system<br />
Allows parent and/or guardian to:<br />
Receive the billing e-mail notification<br />
Access the on-line bill and payment site<br />
View account activity<br />
Make payments on-line & on-time
Important Dates<br />
JULY 3<br />
Fall semester billing generated<br />
AUGUST 1<br />
Payment for fall semester due<br />
Last day for receipt of enrollment or contract<br />
increases in the monthly payment plan<br />
SEPTEMBER 30<br />
Final date for fall semester extension of receipt of Direct<br />
Stafford/PLUS loan proceeds<br />
*Finance charge & late fee assessed after this date
Sallie Mae & <strong>Fairfield</strong> <strong>University</strong><br />
There is an easier<br />
interest-free<br />
way to make tuition payments…<br />
The Monthly Tuition Payment Plan<br />
by<br />
© 1995-2012 Sallie Mae, Inc. All rights reserved.
Monthly Tuition Payment Plan<br />
Flexible alternative to traditional lump-sum<br />
payments at the start of semester<br />
Allows you pay the total cost of tuition, room<br />
and board in 10 equal monthly installments,<br />
interest-free!<br />
Families find smaller payments easier to<br />
manage
Monthly Tuition Payment Plan<br />
This plan is NOT a loan!<br />
$55 application fee<br />
NO interest charges!<br />
Reduces or eliminates<br />
borrowing<br />
Families pay out of<br />
current income or<br />
savings<br />
May be used on a stand<br />
alone basis<br />
May be used to<br />
supplement<br />
Loans<br />
<strong>Financial</strong> aid<br />
Monthly statement:<br />
Acts as a reminder<br />
Shows payments &<br />
balance
Monthly Tuition Payment Plan<br />
Sallie Mae payment options are offered at more than<br />
2,500 colleges, universities and independent schools<br />
nationwide<br />
Partners with this plan since 1976!<br />
In 2012-2013, this Payment Plan helped 600 <strong>Fairfield</strong><br />
families pay for tuition!<br />
Funds are protected in a Federally Insured Account and<br />
sent to the school each month
Tuition Payment Plan Enrollment<br />
‣ Determine the amount you will pay<br />
through the Monthly Plan<br />
‣ Complete the enrollment form on-line<br />
https://tuitionpay.salliemae.com<br />
‣ Sallie Mae will notify <strong>Fairfield</strong> <strong>University</strong><br />
of your participation in the Monthly Plan
Determining Your Plan Amount<br />
Full Year Expenses<br />
Tuition $42,320<br />
Room & Board (if applicable) $12,930<br />
Total Expenses (A) $55,250<br />
Note: Do not include the General <strong>University</strong> Fee, books or personal expenses in Monthly Plan.<br />
Full Year Deductions<br />
Scholarships/Grants $12,000<br />
Loans $ 3,500<br />
Direct Payments to School/Other $ 9,750<br />
Total Deductions (B) $25,250<br />
Amount of Monthly Plan (A minus B)=(C) $30,000<br />
Monthly Payment $ 3,000
Plan Enrollment Terms<br />
‣ Monthly Plan Terms:<br />
‣ BEGINS JUNE 1 st<br />
‣ ENDS MARCH 1 st<br />
‣ If you enroll AFTER June<br />
1 st , you must include<br />
payment for all missed<br />
monthly payments<br />
‣ On-line enrollment<br />
will be accepted<br />
through August 1 st
Superior Customer Service<br />
Friendly, knowledgeable<br />
Tuition Payment Plan<br />
Specialists are available<br />
during convenient hours:<br />
Monday – Friday<br />
8:00am to 9:00pm ET<br />
• Information<br />
• (800) 635–0120<br />
• Questions &<br />
Adjustments<br />
• (800) 556-6684<br />
• After account has<br />
been established
Superior Customer Service<br />
Sign Up Today!<br />
https://tuitionpay.salliemae.com<br />
• On-line enrollment with E-Check<br />
• Tuition Planner – worksheets guide you<br />
through payment plan process<br />
• Manage Your Account – on-line access to<br />
current account information, online bill<br />
payment, online statements
<strong>Financial</strong> <strong>Aid</strong><br />
Office of <strong>Financial</strong> <strong>Aid</strong><br />
Diana M. DeVellis<br />
Senior Associate Director<br />
Kimberly J. Droniak<br />
Associate Director
<strong>Financial</strong> <strong>Aid</strong> on Your Bill<br />
• Approved <strong>University</strong> aid disburses in JULY<br />
• Federal and State aid will appear as a “MEMO”<br />
(pending approval)<br />
• Deduct “MEMO” items from balance due<br />
• State grants will disburse during the fall<br />
semester<br />
• Federal Work-Study does NOT disburse to the<br />
student’s account
<strong>Financial</strong> <strong>Aid</strong> on Your Bill<br />
• If you do NOT see <strong>University</strong> aid or memo items<br />
on your bill:<br />
• Offer of aid has NOT been accepted<br />
(via paper letter or my.<strong>Fairfield</strong>.edu)<br />
• Required documents are missing from file (tax<br />
transcripts, W2s, etc.)<br />
* All awarded aid is ESTIMATED until the file is<br />
verified
Federal Loans<br />
• Direct Stafford & Federal Perkins Loan Borrowers<br />
MUST complete:<br />
• Entrance Counseling<br />
• Stafford www.studentloans.gov<br />
• Perkins www.mappingyourfuture.org<br />
• Master Promissory Note<br />
• Stafford www.studentloans.gov<br />
• Perkins Details in the FA Welcome Letter & on Web<br />
*Important Note:<br />
Failure to complete all financial aid AND loan requirements will result in delay<br />
of disbursement and assessment of late fees
Federal Loans<br />
• Federal Perkins Loan Borrowers MUST<br />
also complete:<br />
• Rights & Responsibilities Statement<br />
www.fairfield.edu/prkrights<br />
• Recipient Data Form<br />
www.fairfield.edu/prkdata
Alternative Financing<br />
• Direct Parent PLUS<br />
Loan<br />
• Fixed rate 7.9%<br />
• 4.204 % fee<br />
• Monthly or deferred<br />
payments<br />
(payments begin after loan<br />
is fully disbursed)<br />
• 10 year repayment<br />
• Alternative Student<br />
Loan<br />
• Variable rates<br />
• Co-signer REQUIRED<br />
• Credit-based<br />
• Fixed rates available,<br />
but monthly payments<br />
& fees required<br />
• www.fairfield.edu/loans
<strong>Aid</strong> Cancellation<br />
• August 1<br />
• Verification documents (selected students)to confirm federal &<br />
university aid<br />
• IRS Tax Transcript, W-2s or other requested documents<br />
• Documents to Process Federal <strong>Aid</strong><br />
• Stafford Loan (MPN, Entrance)<br />
• Federal Work-Study Employment Forms<br />
• Perkins Loan (MPN, entrance counseling, data form)<br />
• September 30<br />
• Sibling Enrollment Forms DUE!<br />
• October 15<br />
• Federal Work-Study (if not hired)<br />
*All need-based aid is subject to change unless student has received a final<br />
award notification.
Outside Scholarships<br />
• Checks should be mailed to the Office of the Bursar<br />
• Depending on the amount received, federal and state<br />
aid may be adjusted<br />
• <strong>University</strong> need-based aid will not be adjusted<br />
• Scholarship Info Board in the Office of <strong>Financial</strong> <strong>Aid</strong>!<br />
• Like us! https://www.facebook.com/<strong>Fairfield</strong>UFinaid
Student portal for <strong>Fairfield</strong> <strong>University</strong><br />
Correspondence ONLY:<br />
To STUDENTS<br />
Via <strong>University</strong> Gmail<br />
https://my.fairfield.edu<br />
NO paper letters mailed (with the exception of an<br />
appeal or special circumstance)<br />
Students can forward emails from our office to<br />
parents for review
<strong>Financial</strong> <strong>Aid</strong> in my.<strong>Fairfield</strong><br />
Log in with NetID & password<br />
Services<br />
<strong>Financial</strong> <strong>Aid</strong><br />
Quick Links
<strong>Financial</strong> <strong>Aid</strong> Staff Members
2014-15 APPLICATION DEADLINES<br />
FAFSA<br />
CSS Profile<br />
Free Application for<br />
Federal Student <strong>Aid</strong><br />
www.fafsa.gov<br />
*APRIL 15, 2014 *<br />
College Scholarship<br />
Search Profile<br />
www.collegeboard.org<br />
* APRIL 15, 2014 *
Contacts<br />
Office of <strong>Financial</strong> <strong>Aid</strong><br />
P: (203) 254 – 4125<br />
F: (203) 254 – 4008<br />
E: finaid@fairfield.edu<br />
W: www.fairfield.edu/finaid<br />
Office of the Bursar<br />
P: (203) 254 - 4000<br />
Extensions 2165, 4102, 2410<br />
F: (203) 254 - 5546<br />
E: bursar@fairfield.edu<br />
W: www.fairfield.edu/bursar
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