Paying for College
Paying for College Financial Aid Tuition Refunds Office of Student Financial Aid Kent State University at Stark 330-244-3251 www.kent.edu/stark/financial-aid KSUview Reminder! Students can grant parents FlashLine access as a designee FlashLine > Student Tools & Courses Grant parents access to Financial Aid and Student Account KSUview video tutorials: www.kent.edu/welcomeKSUview Overview Financial Aid Cycle 1. Submission of the FAFSA 5. Receive and view student account (bill) in FlashLine 4. Complete financial requirements 2. Receive and review the Student Aid Report (SAR) 3. Receive and review awards in FlashLine Why Complete the FAFSA? Free Application for Federal Student Aid • Student may be eligible for Federal Pell Grant • Federal Student Loans are guaranteed - Freshman amount almost equal to Stark Campus tuition and fees • Required for some on-campus employment - Federal Work Study • Some scholarships and internships require the FAFSA Action Steps • Awards in accepted status - Grants - Scholarships • Awards in offered status - Federal Direct student loans > Accept, reduce or decline • Decisions must be made via FlashLine My Account > Financial Aid Financial Aid Status 2013 Accept Award Offer Area to accept, reduce (loans) or decline awards. Federal Direct Student Loans www.studentloans.gov • Entrance Loan Counseling • Master Promissory Note (MPN) • Once completed, both are good for 10 years Federal Direct Parent PLUS Loans www.studentloans.gov • Separate from FAFSA • 7.21% (2014-2015 rate) • Approval based on credit • If credit is denied: - Seek endorser - Or, student can borrow additional unsubsidized loan • Requires Entrance Counseling and Promissory Note Alternative Loan Programs • Available to assist students in meeting their educational cost beyond the federal, state and institutional programs • FASTChoice View list of lenders and comparison options: www.kent.edu/financialaid/fastchoice Scholarships • View awards on FlashLine • Incoming Freshman Scholarships • External Scholarships • Scholarship Match Program - We’ll match any external scholarship up to $1,000 for an incoming freshman www.kent.edu/stark/scholarships • Current Student Scholarships - Apply January 1 - March 1 • Scholarship Announcements - Ongoing throughout the year Determine Costs Kent State Stark freshman student who receives a $5,500 Federal Direct Loan Estimated Costs Less Estimated Financial Aid Tuition & Fees* Less Estimated Aid - $5,500 Federal Direct Loan Textbooks: $645 per semester* * 2015-2016 estimates Fall 2015 Spring 2016 $2,888 $2,888 $2,722 $2,722 Student Account Information • Due dates can be found at www.kent.edu/bursar - Fall bills are published after July 4 and due August 14, 2015 - Spring bills are published after Thanksgiving and due January 7, 2016 • Up-to-date student account information is available to students 24/7 through FlashLine > My Student Account • Not all registration activity results in a statement being issued prior to a due date. Students need to check FlashLine > My Student Account > Account Detail for up-to-date information. • Late or non-payment may cause the student to have their schedule canceled. Payment Options • Single Payment - Payment due August 14, 2015 • Monthly Payment Options - Three-, four- and five-monthly payment options - $55 enrollment fee assessed each semester - For more information, visit www.kent.edu/bursar Applicable Payments • Financial Aid - Will be deducted from the amount due if awarded before due date • Outside Scholarships - Notify the Financial Aid Office of any outside scholarships before due date - Scholarship Match Program - apply by November 1 www.kent.edu/stark/scholarship-match-program • College Savings Plan (529) - Funds need to be received in the Bursar’s Office before due date • Veteran Dependent VA Education Benefits - See Financial Aid today Account View (Before Disbursement) Account View (After Disbursement) Payment Methods • In-person payments can be made using cash, personal checks, money orders, and cashier’s checks in the Office of Student Services • Credit card payments must be made online - https://payonline.kent.edu - 2.9% convenience fee is charged to all credit card payments - No fee for paying online with checking or savings account • If mailing payment, send payment to the address on your invoice Payment Methods Payment Plan Options will be available here. Print a Statement of My Student Account Student Refunds • Refunds may be issued by Kent State as a result of: - Excess financial aid - Schedule adjustments for dropping classes o Financial aid may be affected o Students - be sure to see a financial aid staff member before adjusting your schedule - Overpayment • Authorization of Title IV Aid (Federal Aid) Students must provide their authorization to allow Kent State to use their Title IV aid to pay for their non-institutional charges. The authorization is available through FlashLine > My Student Account > Financial Aid. Student Refunds - KSU Choice Card • Student address must be accurate in FlashLine • Student will receive the KSU Choice Card 7-10 days after course registration • Students must select a refund delivery choice: - Direct deposit to bank account - Paper check mailed to permanent address - OneAccount from Higher One - read terms and conditions carefully! • Visit www.ksuchoicecard.com to make refund delivery selection Saving Money on Books The Stark Bookstore offers several purchasing options to help you save money on books. • Used - while supplies last, so buy early! • Rental - can save up to 60% off retail • eBooks - same as the printed textbook • Affordability Report in your portfolio Shop online at the Bookstore Webstore www.kent.edu/stark > Campus Life > Bookstore Questions? Amber Wallace awalla13@kent.edu 330-244-3251 Kurt Drotleff kdrotlef@kent.edu Walk-In Hours Monday - Thursday 8:30 a.m. - 6:30 p.m. Monica Sherman msherm14@kent.edu Friday 8:30 a.m. - 4:30 p.m. Anne Fritz afritz2@kent.edu www.kent.edu/stark/financial-aid This presentation is available online at this website.
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