Paying for College

Paying for College
Financial Aid Ÿ Tuition Ÿ 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
[email protected]
330-244-3251
Kurt Drotleff
[email protected]
Walk-In Hours
Monday - Thursday
8:30 a.m. - 6:30 p.m.
Monica Sherman
[email protected]
Friday
8:30 a.m. - 4:30 p.m.
Anne Fritz
[email protected]
www.kent.edu/stark/financial-aid
This presentation
is available online
at this website.