Money Matters:

Financial Aid at the

University of South Florida

Financial Aid Disbursement Process/Fee

Payment Bookstore Services

Presentation Agenda

2008-2009 Estimated Cost of Attendance

Florida Residents Fall & SpringTuition $3,990 (2 semesters -15 credit hours/semester)

Room/Board $8,080

Books $1,500

Personal $2,500

Transportation $1,600

Total $17,670

OFFICE OF FINANCIAL AID

2008-2009 Estimated Cost of Attendance

Out of State Residents Fall & SpringTuition $16,710 (2 semesters -15 credit hours/semester)

Room/Board $ 8,080

Books $ 1,500

Personal $ 2,500

Transportation $ 1,600

Total $30,180

OFFICE OF FINANCIAL AID

FAFSA

If you haven’t already applied, it’s not too late for some financial aid programs

Complete your FAFSA to apply for financial aid

www.fafsa.ed.gov

Make sure USF’s federal school code (001537) is on your FAFSA

OFFICE OF FINANCIAL AID

Financial Aid Web Site

Access the following: Quick Updates Quick Links Obtain financial aid forms Financial Aid Programs At a

Glance

OFFICE OF FINANCIAL AID

Financial Aid Web Site

Link to Financial Aid Programs at a Glance to find details on:

Financial Aid Programs Award requirements Renewal requirements

OFFICE OF FINANCIAL AID

OASIS Web Site

Check outstanding requirements Complete online forms Accept awards Regularly check your financial aid

awards

OFFICE OF FINANCIAL AID

OASIS Web Site

Each semester: Check for tuition and/or housing deferments Check for the Bookstore Advance Purchase

Program (BAPP) Review and update your ‘Personal

Information’

OFFICE OF FINANCIAL AID

From the OASIS MAIN MENU, choose ‘Student and Financial Aid’

Then choose ‘Financial Aid’

Choose ‘My Requirements, Bookstore Authorizations and Deferments’

Automatic Tuition Deferments

Tuition Deferments

Provided to students receiving financial aid (including Bright Futures)

Tuition payment will be temporarily deferred

OFFICE OF FINANCIAL AID

Housing Deferments

Housing Deferments Check OASIS to see if you qualify Review your housing contract for qualifying criteria

OFFICE OF FINANCIAL AID

Bookstore Advance Purchase Program (BAPP)

Allows students receiving financial aid to purchase their textbooks & supplies in advance of the first day of classes, prior to financial aid awards being disbursed

OFFICE OF FINANCIAL AID

BAPP Criteria

To qualify you must: Have financial aid of at least $100 in excess

of all charges on your student account Be enrolled at least half-time (minimum 6

credit hours) Check OASIS prior to the start of each term

to see if you qualify

OFFICE OF FINANCIAL AID

BAPP

For example, if you owe USF $3,000 for the term, you must have at least $3,100 in aid for the term to take advantage of the program

OFFICE OF FINANCIAL AID

Tuition Differential Fee

Is an additional tuition fee Approximately $7 per credit hour above base

tuition cost Bright Futures will not pay this fee Pre-Paid recipients may have fee removed after

activation of pre-paid (You take your pre-paid card to Cash Accounting-ADM 125)

OFFICE OF FINANCIAL AID

Florida Bright Futures

Florida Academic Scholars Pays full tuition minus differential fee Pays educational allowance – $375 per yearAnnual Renewal Requirements: 3.0 GPA Earn 12 credit hours per academic year

OFFICE OF FINANCIAL AID

Florida Bright Futures

Florida Medallion & Gold Seal Pays 75% tuition minus differential fee

Annual Renewal Requirements: 2.75 GPA Earn 12 credit hours per academic year

OFFICE OF FINANCIAL AID

Florida Pre-Paid Program

Pre-Paid Tuition Plan Pays for approximately 75% tuition Remaining fees are considered local fees

Pre-Paid Local Fee Plan Pays for approximately 23% of fees associated with tuition Remaining fees are not covered by Tuition or Local fee plans

Pre-Paid Housing Plan Pays for costs associated with specified on-campus residence halls

OFFICE OF FINANCIAL AID

Florida Bright Futures & Florida Pre-Paid Tuition

You can use both programs at the same time.

Each semester:

1. FL Pre-Paid is applied to the student account first

2. Bright Futures funds are disbursed to the student account after the end of the first week of classes

OFFICE OF FINANCIAL AID

Florida Bright Futures & Florida Pre-Paid Tuition

3. Excess funds remaining after tuition has been paid will be applied to other charges posted to your student account

OFFICE OF FINANCIAL AID

Be Sure to Report Funds From Other Sources

Federal regulations prohibit you: From receiving more financial aid than your cost of

attendance

From receiving need-based aid that exceeds your calculated financial need

This may require an adjustment to your award

OFFICE OF FINANCIAL AID

Report Funds From Other SourcesAvoid late surprises: Report any funds not listed on your award

summary in OASIS

Let us know immediately using the Additional Resources form (available from the financial aid website)

OFFICE OF FINANCIAL AID

Be A Smart Borrower!

Your financial aid awards may include student loans Low interest rates Deferred repayments

OFFICE OF FINANCIAL AID

Borrow Wisely!

1. Plan your budget!

2. Borrow only what you need so your eligibility doesn’t run out before you graduate!

3. Keep track of what you borrow!

OFFICE OF FINANCIAL AID

The Loan Process

To receive Federal Stafford Loan funds:

1. Complete the Entrance Interview in OASIS

2. Select a lender using the Stafford Lender Preference Form in OASIS

OFFICE OF FINANCIAL AID

The Loan Process

To receive Federal Stafford Loan funds:

3. Accept, decline or reduce your loans in OASIS

--Be careful in using the “Accept all awards” link

4. Complete a Master Promissory Note with your lender

--Link from the list on the financial aid website

OFFICE OF FINANCIAL AID

University Controller’s Office

How Much Does It Cost?

The 2008-09 tuition rate for undergraduate Florida residents is estimated to be $130.55 per credit hour plus a $37 flat fee

UNIVERSITY CONTROLLER’S OFFICE

How Much Does It Cost?

The 2008-09 tuition rate for undergraduate out of state residents is estimated to be $554.45 per credit hour plus a $37 flat fee

UNIVERSITY CONTROLLER’S OFFICE

Florida Pre-Paid Program

Take a copy of your Pre-Paid card to the University Controller’s Office in the Administration Building (ADM) Room 125

Contact the Florida Pre-Paid Program at 1-800-552-4723 for further details

Tuition differential charge will be removed after activation of Florida Pre-Paid account in ADM 125.

UNIVERSITY CONTROLLER’S OFFICE

Tuition Payment

Tuition is due by the end of the first week of classes Fall 2008—August 29, 2008

Late payment fee: $100

Late registration fee: $100

UNIVERSITY CONTROLLER’S OFFICE

The Student Account: How It Works1. Charges you owe the University are posted

to your student account

Note: Meal plan charges will not appear on the student account until the first week of fall classes

2. Payments are applied to charges on the student account

UNIVERSITY CONTROLLER’S OFFICE

The Student Account: Disbursement Process

3. Financial aid disburses through the student account

• Occurs after the 5th day of classes• Charges posted to your student account

when financial aid disburses will be paid

UNIVERSITY CONTROLLER’S OFFICE

The Student Account:Disbursement Process4. If all charges have been paid and a

credit results, remaining funds will be e-Deposited to your personal bank account (if you subscribed via OASIS)

UNIVERSITY CONTROLLER’S OFFICE

Choose ‘Tuition & Fees’ to Sign Up for e-Deposit

Choose ‘SUBSCRIBE TO e-DEPOSIT’

Subscribe to e-DepositIn OASIS!

How Much Do I Owe?

University Controller’s Office does not send bills

Check OASIS prior to the start of each term Click on ‘Tuition and Fees’

UNIVERSITY CONTROLLER’S OFFICE

Choose ‘Tuition & Fees’

“HOW MUCH DO I OWE?”

Choose ‘View My Account Summary By Term’

Student UID

View Your Account Balance

How To Pay Your Tuition

By e-Check if you have subscribed to e-Check through OASIS

At the Cashier’s Office Administration Building (ADM) Room 131

Drop box outside ADM 131

UNIVERSITY CONTROLLER’S OFFICE

How To Pay Your Tuition By mail

---Remember, the envelope must be postmarked by the due date for each term to avoid the late payment fee

Use OASIS

UNIVERSITY CONTROLLER’S OFFICE

USF BOOKSTORE

Textbook Reservations

Reserve online:

1. First chance at our USED books

2. Avoid lines

3. Book pickup or home delivery

USF BOOKSTORE

Textbook Reservations

Pay using:

BAPP Visa, MC, Discover, AMEX

USF BOOKSTORE

Bookstore Advance Purchase Program (BAPP)

Your financial aid determines your eligibility Eligible students can use their ID as a credit

card The amount you use posts as a charge to

your student account

USF BOOKSTORE

Scholarship Sales

Students receiving book scholarships are processed at the main desk

USF BOOKSTORE

Year Round Buy Back Sell your books back at the end of the

semester If a book is used in the next semester,

you receive 50% of the purchase price

USF BOOKSTORE

WELCOME TO USF

We’re glad you’ve chosen USF! We’re here to serve you! We’re looking forward to seeing you!

THANK YOU & GOOD LUCK