STUDENT BILLING AND FINANCIAL AID

2015-2016

OVERVIEW E billing Communications Authorized Users Student Accounts Online Payment Plans Web Privacy Policy Health Insurance FAQ’s Contact Information

Cost of Attendance Financial Aid Process Financial Aid Award Letters Financial Aid Programs Important Dates Contact Information

E-BILLING No Paper Bills https://portal.vsc.edu/ -Web Services Updated on/around the 1st and 15th of each

month. Current Activity between those dates Notifications to student through LSC email Student to set up authorized users who can gain

access to Bill Payment Site (TouchNet) Student to set up E-Refund Account. If no E-

Refund set up the refunds will be mailed to the address we have on file.

STUDENT ACCOUNTS –COMMUNICATIONS

Account is the responsibility of the student Any communication is sent to student first via:

1. LSC email

2. LSC Campus mailbox

3. Portal Announcements

4. Website (https://LyndonState.edu/StudentAccounts)

5. Last resort: Letter to home/permanent address

Student to set up FERPA waiver Student to Create Access Code

AUTHORIZED USERS

View Statement View Current Activity Make a payment Set up a payment plan Save a payment method

STUDENT ACCOUNTS

Financial Clearance Date AUGUST 10, 2015

Financial Clearance :1. Paid in full (Cash, Check, Credit Card)

2. Financial aid in forms of Grants, Approved Loans, and Outside Scholarships

3. VSC Online Payment Plan

4. Combination of the three

PAYMENT PLANS

Fall 2015 VSC Online Payment Plans Available June 1st , 2015 Plan Options:

1. 6 Month Plan: June - November

2. 5 Month Plan: July – November

3. 4 Month Plan: August – November

**There is a $30.00 enrollment fee per semester due at the time of setup along with the first payment

**There is a $15.00 late payment fee for payments not received or made by the 15th of each month

VSC WEB PRIVACY STATEMENT

The Vermont State Colleges (VSC) respects the right to privacy of every individual using our systems. We will not sell or otherwise commercially disclose the private information of any user (name, address, phone numbers, email addresses, etc). All information collected will be used for internal and legitimate VSC business purposes only.

HEALTH INSURANCE VSC Policy states all students registered at full-time status

have to have insurance coverage

Every full-time student is automatically billed for VSC Health Insurance ($1940.00/year, billed in Fall Semester)

If student has alternative Health Insurance, they must go online to Web Services to waive insurance with current insurance policy number. Last day to waive insurance is September 15, 2015. Charge will not be removed until waiver is completed.

Fee is non-refundable after 9/15/15 and non-negotiable

Sending this information to Health Services does not satisfy this requirement. Those are medical records to which Student Services does not have access

FAQ’S1. Can other Authorized users view my banking information?

– No, students and authorized users cannot see each other’s payment methods.

2. Can authorized user sign up for e-Refunds? – No, only the student can sign up. If the refund belongs to a parent or another individual paying on the student’s behalf, the student is responsible to disburse the funds appropriately.

3. Can my e-Refund go to multiple accounts? – No, refunds can only be applied to one bank account.

4. What is Current Account Activity? This is any thing that changes on the student account since the last billing update.

Budget Items In State NEBHE/GNBilled O/S, with NB/GN

Waiver $6408*

Out of State

Tuition $9984 $14976 $21384Required Fees(Orientation, Student Activity, Capital Development)

$1346 $1346 $1346

Double Room $5774 $5774 $5774Full Meal Plan $3922 $3922 $3922Books/Supplies $1000 $1000 $1000Personal Expenses $600 $600 $600Transportation $1000 $1000 $1000Average Course Fees $200 $200 $200Total $23,826 $28,818 $35,226

2015-2016 COST OF ATTENDANCE (FINANCIAL

AID BUDGET)

FINANCIAL AID PROCESS Submit a FAFSA (Free Application for Federal Student Aid)

○ File on the Web: www.fafsa.gov○ Lyndon’s school code is 003689 ○ Create FSA ID for student

and one parent

Apply for State Grants Apply for LSC grants and scholarships Apply for local scholarships or use a scholarship

search: www.FinAid.org & www.fastweb.com www.VSAC.org for Vermont Students www.nhcf.org for New Hampshire residents

FINANCIAL AID AWARD LETTERS

New Students begin early FebruaryReturning students begin late May/early June

Tentative awards

Selected for VerificationParent & Student Official IRS Tax Information

(use Data Retrieval Tool on FAFSA OR Tax Return Transcript)

Verification Forms

Final award

FINANCIAL AID PROGRAMS

A. Grant & Scholarship Programs LSC Grants & Scholarships Federal Pell Grants Federal SEOG Grants State Grants (CT*, MA, ME, PA, VSAC*)

*requires separate application

B. Federal Work Study Program

FINANCIAL AID PROGRAMS…CONTINUED

C. Loan Programs

Federal Perkins Loan (5% interest, Lyndon is the lender and ECSI is our Servicer.)

Federal Direct Subsidized Loan (4.29% fixed interest)

Federal Direct Unsubsidized Loan (4.29% fixed interest)

Federal Direct Plus Loan for Parents (PLUS)

(5.84% fixed interest)

○ Requires Credit Check○ Deferment for Parent borrower available on Application○ Direct Loan Servicer at 1-800-848-0979

FINANCIAL AID PROGRAMS…CONTINUED…

Direct Loan Borrowers

go to:

www.StudentLoans.gov Students complete Direct Loan Entrance Counseling Parent PLUS borrower completes PLUS Application Student borrowers & Parent PLUS borrowers complete a

Master Promissory Note

Alternative/Private Loans (student is the borrower, interest rates vary, co-signer required)

Compare on the web: www.FinAid.org or www.SimpleTuition.com

IMPORTANT DATES FOR FIN AID AND BILLING – FALL 2015

February 15 FAFSA deadline for full aid consideration April 1 LSC New Student Scholarship Application Due

August 10 Financial Clearance Date August 11 First $100.00 late fee assessed August 15 Last day to sign up for a payment plan August 31 Last day to change meal plan August 31 Last day to withdraw and receive 100% credit September 4 Last day to drop a class and affect course load

and billing September 15 Last day to waive health insurance ($1940

charge)

CONTACT INFORMATIONStudent Financial Services

Located in Vail 348 Phone: 802-626-6396

Office Hours: 9:00am – 4:30pm Mon – Fri

Summer and Winter Break hours: 9:00am – 4:00pm

Email: studentaccounts@lyndonstate.edu

LSCFinancialAid@lyndonstate.edu

Web: http://LyndonState.edu/StudentAccounts