hokie focus 2006 office of university scholarships and financial aid (usfa)
TRANSCRIPT
HOKIE FOCUS 2006
Office of University Scholarships and Financial Aid
(USFA)
CONTACT USFA
• Monday Thru Friday, 8:00am to 5:00pm
• Website www.finaid.vt.edu
• Email preferred [email protected]
• Phone (540) 231-5179
• Email/calls returned in 72 business hours
• Allow Assistant Counselors to assist
FLASH.MAIL
• Electronic USFA newsletter
• Official announcements, updates, changes
• Parents encouraged to subscribe
• Free, no spamming
• Scholarship opportunities
FLASH.
APPLICATIONS AND DEADLINES
• Complete FAFSA– Priority Deadline - 3/11/06
• General Scholarship– Deadline - 3/11/06
• Presidential Campus Enrichment Grant– Deadline – Rolling
• Departmental/College Scholarships– Deadline – Check w/Departments
• Honors – Closed until Spring 2007
2006-07 AWARDS
• Electronic award notifications
• Lists aid types and amounts
Including:
$Grants/Scholarships---no repay
$Work-Study---must work to earn
$Student Loans---to be repaid
Module Contents• Module # 1 – Budgets
– Goal Setting
– Designing a Budget
– Needs vs. Wants
• Module # 2 – Account Management
– Types of Accounts Available and How They Work
– The “Wonder” of Compound Interest
– Account Maintenance
• Module # 3 – Credit Cards
– Pros and Cons of Ownership
– Account Management
– Alternatives to Credit Cards
Module Contents• Module # 4 – Debt Management
– How to Control Current Debt/Manage Future Debt– Future Consequences of Debt
• Module # 5 – Other Benefits Available– Different Types of Financial Aid (not just for education)
• Module # 6 – Loan Management– Three Simple Rules to Borrowing– Terms and Conditions– Student and Car Loans
• Module # 7 – Consumer Rights and Responsibilities– Protecting Consumer Rights– Hazards to be Aware of
• Predatory Lending• Identity Theft
What Do Other Students Think About The Program?
What Would You Like Your Future To Look Like?
YOUR FUTURE AT VT
• Accept Offer of Admission• Pay the deposit• Activate VT PID• VT Orientation program in July• E-bills• Fall bills available July 15
TYPICAL COSTS
Yearly Costs Virginia Resident
Out-of-State Resident
Tuition & Fees $6973 $19049
Est. Room & Board
$4766 $4766
Est. Due Per Term
$5870 $11908
WHAT DO I PAY?
Fall charges Spring Charges
- Fall aid - Spring aid
Amount due Amount due
*Any balance due must be covered by payment deadline*
BILL AND PAYMENT OPTIONS
E-Bills - Authorized Payers
Payment Options*Cash*E-Check*Check*Credit Card *Budget Tuition Plan*Other types of financial aid
OTHER FINANCIAL AID
*Outside/Community Scholarships
*Parent Loans
*Alternative Loans
IMPORTANT REQUIREMENTS
Set Up Authorized Payer(s)Report outside/community scholarships
Loan recipients must complete:• On-line Master Promissory Note (MPN)• On-line Entrance Interview • On-line Questionnaire (Perkins only)
Remember to apply for aid each year
SPECIAL CIRCUMSTANCES
• Loss of Income
• Loss of Child Support
• Loss of Social Security Benefits
• Death of a Parent
• Divorced/Separated
• Unusual Medical Expenses
USFA CONTACTS:• USFA Contact Information
www.finaid.vt.edu [email protected] (540) 231-5179
• Karen RichelCurriculum Specialist – Financial Literacy
[email protected]://learn.vt.edu/webapps/portal/frameset.jsp?tab=courses&url=%2Fbin%2Fcommon%2Fcourse.pl%3Fcourse_id%3D_95096_
• Presentation available at
• http://www.finaid.vt.edu/Presentations/ hokiefocus06