Download - Student Presentation 2011
LONGHORNS GUIDE TO FINANCIAL AID
http://finaid.utexas.edu • (512) 475- 6282
OSFS Services
Financial Aid Counseling & Processing Complete your new FAFSA each year www.fafsa.ed.gov
Scholarships www.texasscholarships.org
Bevonomics – money management workshops www.bevonomics.org
Hire-a-Longhorn – job search www.hirealonghorn.org
www.fafsa.ed.gov
Complete FAFSA each year by the
priority deadline:
March 15th
Check Finaid Status Online via CASH http://finaid.utexas.edu/cash
Review & submit your Financial Aid award notice
Complete any requirements: Entrance Counseling Documentation needed FERPA privacy release Direct deposit
authorization
Report scholarships
Review the status of your funds release
EFAN = Award Notice
Cost of Attendance Tuition Books Housing Transportation Miscellaneous
Financial aid assists you in paying these costs
Student Loans - Getting Started
Use your FAFSA PIN to gain access Requirements listed on “My Profile”
Complete Entrance Loan Counseling
Takes 20-30 minutes to complete
Loans will
NOT activate until the counseling requirement
is satisfied
Subsidized/Unsubsidized Direct Loans – Master Promissory Notes
Parent PLUS Loan: two-step process
Step 1: PLUS Request Process Step 2: PLUS Loan MPN
Tuition Bill: How Will You Pay For It?
See your “My Tuition Bill” page UT Direct
Due August 10th by 5:00pm
Must select payment arrangement:
Installment Plan (3 installments)
Check: Electronic Funds Transfer (EFT)
Credit Card: MasterCard, Discover & AMEX Only
90-day Tuition Loan
Financial Aid
“My Tuition Bill “ via UT Direct
Aft
er
You must select a payment option in order to secure your classes
Red means classes are not secured Green means classes are secured
Bef
ore
How Do I Receive My Funds?
Aid will release approximately 10 days prior to the first class day.See “Funds release” via CASH page
Disbursement of Aid Outstanding UT debt paid first
T&F’s and on-campus housing
See “Where’s my Check” via UT Direct or “Funds Release” via CASH
Direct Deposit to update go to “My Bank Info” via UT Direct
Paper Check to update go to “My Addresses” via UT Direct
Where to Keep Your Money?
Choosing a Bank
Location Fees ATM Access On-line Banking Free Checking
Manage your Money
Pay bills on time: tuition, books, housing
Avoid “bad debt”, such as credit cards, short-term loans
Reduce your financial stress Budget Think about future expenses Attend a Bevonomics session
Financial Aid refund / 4 months = Monthly Budget
Monthly Spending / 4 weeks = Weekly Budget
Bevonomics
Workshop Topics:◘ Managing Credit
◘ Investing for Life
◘ Repaying Student Loans
◘ Capitalizing on Employee Benefits
◘ Making the Move to Living Off-Campus
◘ Saving & Spending Like a College Student
◘ Making the Most of Your Scholarship Search
◘ Understanding Stocks, Bonds and Mutual Funds
See www.bevonomics .org for Fall 2011 schedule
The Battle Needs vs. Wants vs. Wats
vs.Vs.
Vs.
900+ Student Orgs
Do Free Activities!
Get a Jobwww.hirealonghorn.org
Find part-time jobs
Perks: Near campus Flexible Networking Resume building Good pay
Things to Remember
Apply for FAFSA each year by the priority deadline
FERPA privacy release authorization
Always check your CASH page
Read all e-mail correspondence
Submit all required documentation Complete Direct Loan requirements:
h t tps : / /s tudent loans.gov
http://finaid.utexas.edu • (512) 475- 6282
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Longhorns Guide to Financial Aid
Mon - Fri 8:00am – 5:00pm
(512) 475 - 6282
Student Services Building (SSB)
3rd Floor