money matters for students

Money Matters for Students

Financial Aid & Student Financial Services

Summer & Fall Orientation

FINANCIAL AID

We review the FAFSA once submitted by the student.

We handle Bright Futures awarded to students.

We award Financial Aid to the student according to the results of the FAFSA.

We accept payments for tuition and other University charges.

We disburse financial aid and University refunds.

We process Florida Pre-Paid tuition plans and other third party billings.

STUDENT FINANCIAL SERVICES

What’s the Difference?

Both offices assist students with debt management.

FINANCIAL AID

A4400 University CenterTallahassee, FL 32306Phone – (850) 644-0539Fax - (850) 644-6404

Office Hours: 8:30 am-5:00pm

FAFSA school code: 001489

www.financialaid.fsu.eduEmail:

ofacs@admin.fsu.edu

A1500 University CenterTallahassee, FL 32306Phone – (850) 644-9452Fax - (850) 644-5142

Office Hours:8:00 am-5:00 pmCashier Hours:8:30am-4:30pm

www.sfs.fsu.eduEmail: sfs@fsu.edu

STUDENT FINANCIAL SERVICES

Location Financial Aid and Student Financial Services are located in the Stadium

FAFSAEVERYONE qualifies for some type of financial aid!

•The key is to apply EARLY!• Federal Grants (Pell, ACG, SMART, SEOG, &

TEACH)• Federal Work-Study• Federal Stafford Loans• Federal Perkins Loans

Every year complete the Free Application for Federal Student Aid (FAFSA) as soon as it becomes available on January 1st.

How to Complete the FAFSA Apply for a PIN at www.pin.ed.gov

Both parents and student need a pin to sign FAFSA electronically .

How to Complete the FAFSAApply on-line at www.fafsa.ed.gov

Use previous years tax information or estimated tax information if taxes are not already completed.

Your One Stop Shophttps://campus.fsu.edu

View your Financial Aid Status The Financial Aid Student Toolkit provides status updates and

alerts that need to be taken care of.

Check your Account Statement Provides up to date billing information and is available 24/7.

Account Refund Setup Tells FSU how you would like your refund sent.

Mailed to your local addressFSU SunTrust Account

Payments Online payments are made under the “make a payment” link.

Parental Access Parent/Third Party Access allows others to have access to your

account information.

Secure Apps

Financial Aid Student Toolkit

Account Refund Setup

Account Statement

Payment MethodsIn Office Payments:

Monday-Friday 8:30am-4:30pm• FSU Card• Cash • Check or Money Order

Online Payments :• FSU Card• Debit Card• All Major Credit Cards• Electronic Check

$7 convenience fee for all online transactions

Florida Prepaid

Billings are automatically entered• We do not need to see your Prepaid card.

Two Types of Florida Prepaid:• Standard Plan• Standard Plan plus the Local Fees Plan

Contact Information:• 1-(800)552-4723• www.florida529plans.com

Florida Prepaid dorm is handled by the Housing Office.

Steps to Accepting LoansAccept awards via Office of Financial Aid student toolkitComplete:

• Loan Entrance Counseling • Master Promissory Note• www.studentloans.gov

Federal Parent Plus Loan • Complete:

• FAFSA (if not all ready of file) • Direct Loan Federal Plus Loan Application • Direct Loan Master Promissory note for parents

To print an application and for more details please visit our website.

www.finaid.fsu.edu

Bright Futures

• Academic Scholarship• Maintain a 3.0 cumulative GPA and complete 24 credit hour per academic year.

• Medallion Scholarship• Maintain a 2.75 cumulative GPA and complete 24 credit hours per academic year.

All Classes dropped after drop and add MUST be REPAID

*Amounts are subject to change

ScholarshipsFlorida State University Scholarships

• Automatically reviewed when you applied for admissions to the university

Private Scholarships• Report to OFA via student’s financial aid toolkit• Research will continue while you are enrolled

• Local organization (rotary clubs, Kiwanis clubs, fraternities, sororities, churches, and banks)• Department of interest • FSU financial aid website at: www.finaid.fsu.edu • Google Search

Send private scholarships to Student Financial Services and be sure to include your student number and the terms and conditions of the scholarship.

Disbursing Financial Aid

Student Financial Services disburses financial aid on the 5th day of classes:

Financial Aid is:GrantsLoansScholarshipsBright Futures

Tuition and Fees are automatically deducted.

Once all tuition and fees are paid any excess money is refunded according to the Account Refund Setup.

•

Important Dates:Financial Aid Disbursement:

Summer Session C: Tuesday, July 5thFall: Tuesday, September 6th

Tuition Payment DeadlineSummer: Friday, July 8thFall: Friday, September 9th

•A late fee of $100 may be assessed to unpaid tuition.•Unpaid tuition may lead to cancelled schedules and additional fees.

What’s the Bottom Line?You tell us:

• How many hours are you taking? ______• What is your housing choice? ______• What is your meal plan choice? ______• How much is your health insurance? ______• How much are your books? ______

Bottom Line? ______

The bottom line is different for every student because of all the choices they can make!

Debt ManagementFinancial Aid and Student Financial Services are always

available for financial counseling.Set a realistic budget and stick to it.

Exhaust all other alternatives before borrowing.

Only borrow what you need.

Avoid credit card debt.

If financial circumstances change contact us!

Questions?