Welcome to

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Welcome to California University of Pennsylvania
Summer Orientation
2007
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Format for Todays Presentation...

• Questions from Parents/Guests
• Review of Financial Aid Information/Material
• Review Bursar Information/Material
• Final Wrap-up - Putting It All Together

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Financial Aid Topics

• Overview of Financial Aid Process
• Award Packages Miscellaneous Aid
• Overview of the Stafford Loan Master Promissory
  Note (MPN) Process
• Overview of the PLUS Loan Process
• Overview of the Student Employment Process
• Handling Special Circumstances

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The Financial Aid Bursar Puzzle Putting all
the Pieces Together
FINANCIAL AID
ADMISSION INFORMATION
AMOUNT DUE
Room Board
SCHEDULE
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Financial Aid Application Process
Submit Electronic or Paper FAFSA
FAO Receives FAFSA Data Electronically
Student receives SAR
FAO Mails Award Package to Student
Student Submits Requested Documents to FAO
FAO Determines Financial Aid Eligibility
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BUILDING AN AWARD PACKAGE

• Determine Financial Need
• Pell PHEAA Grant Eligibility
• Private Awards
• Institutional Grants/Scholarships
• Federal CBA Programs
• Stafford Loan(s)

FINANCIAL AID OFFICE
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Miscellaneous Financial Aid

• Types
• Private Scholarships
• Private Agency Grants
• Notification and Posting Process
• Notify Financial Aid Office
• Posting of Award to a Students
• Account

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Federal Stafford Loan

• In students name/no credit check
• Available to all students, regardless of need
• Repayment begins 6 months following graduation or
  withdrawal
• Interest rate and loan fees
• 6.8 fixed rate
• 0-2 in origination fees

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Step 1 Student files electronic or paper FAFSA
checks student loans or both work-study
student loans to question 26 on FAFSA).
Step 2 FAO sends Stafford Loan estimate to
student via award letter. Student can either
decline and/or reduce Stafford Loan estimate.
Step 6 PHEAA sends loan proceeds to California
University electronically.
Stafford Loan MPN
Step 5 PHEAA mails Approval Notice to Student.
Approval Notice confirms the loan amount approved
and processed.
Processing Cycle
Step 3 FAO transmits Stafford Loan data to
PHEAA. PHEAA sends pre-certified MPN to new
student loan borrower.
Step4 Student must complete borrower section of
MPN and return it to PHEAA or complete on-line at
WWW.AESSUCCESS.ORG Click on Apply for a AES
Stafford Loan.
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Stafford Loan Master Promissory Note (MPN)

• National Form
• Multi-year Application
• Electronic MPN Option
• Recommended Lenders
• PHEAA Keystone Best Program

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Completing the Master Promissory Note (MPN)

• Selecting a Lender
• References
• Lender Information
• Maximum Loan Eligibility Determined
• Borrower Signature (paper option)

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Federal Stafford LoanEntrance Counseling

• Federal Requirement
• First-time Stafford Loan Recipients at CUP
• No Loan Disbursement
• Log on to FAO homepage
• www.cup.edu/financial_aid click On-line
  Federal Stafford Loan Entrance Counseling

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Stafford Loan Preferred Lenders
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Step 1 Complete pre-approval application
on-line at www.aessuccess.org, click on Parent
PLUS Loan, credit check completed within
seconds, select lender from list of preferred
lenders
Step 2 PLUS MPN may be completed on-line or
pre-printed MPN will be sent to approved
borrowers, complete references and sign the
borrower section of application
Step 6 PHEAA sends loan proceeds to California
University electronically
PLUS Loan
Step 5 California University will determine
PLUS Loan eligibility and transmit the loan
amount to PHEAA electronically
Processing Cycle
Step 3 Submit the completed PLUS MPN on-line or
mail paper MPN to lender selected
Step4 California University will be notified
electronically that the PLUS Loan application has
been pre-approved
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Federal PLUS Loan

• Loan in Parents name
• Loan limits
• Annual limit cost of attendance less other aid
• Aggregate limit none
• Interest rate fixed variable 8.5 0-3 loan
  fees
• Credit check involved
• Repayment-60 days after disbursement typically
  principal only is deferred, interest may be
  capitalized or deferred with some lenders

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Step 1 Student checks either work-study or
both work-study student loans to question 26
or completes the work-study interest card.
Step 2 Student receives work-study eligibility
award (federal or institutional) on award notice.
Student can accept or decline award.
Step 6 Financial Aid Office will send completed
forms to Payroll for entering student in Payroll
system.
Processing Cycle
Step 5 If hired, student brings signed
work-study authorization forms to Financial Aid
Office for processing.
Step3 Student reviews electronic job-posting
board maintained at the FAO homepage. Job
postings are found at www.cup.edu/financial_aid
and then click on student employment
Step 4 Student provides a copy of financial
award notice to the interested work-study
department . If position is available,
department interviews student.
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HANDLING SPECIAL CIRCUMSTANCES

• Institutional Procedures/Policy
• Examples of Special Circumstances
• Unemployment
• Divorce
• Loss of Untaxed Income
• Death of Parent(s)
• Unusual Medical Expenses
• PHEAA Reduced Income Form

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Web-based Services

• Web for Student Product
• Access to student specific information
• Review respond to financial aid award offers
• Access other student service areas, e.g.,
  registration, course schedule, Bursar payments
• Cal U Financial Aid Office Homepage
• Student employment job posting board
• Stafford E-Signature Process
• On-Line PLUS Loan Pre-Approval Application Process

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Using Student Self-Service Online (SISWEB)

• Step 1 Go to http//sisweb.cup.edu click on
  "Login to Student Services located in the menu
  bar on the left, and click on Enter Student
  Services.
• Step 2 Enter your Student ID. Your Student ID is
  your SSN
• Step 3 Enter your PIN. For first-time users of
  this site your PIN was sent to you from our
  Office of Admissions.
• Step 4 You will be taken to the Student Services
  Main Menu.
• Step 5 Select Student Records from the list of
  student service options listed at the top of the
  page and click on account summary and pay by
  credit card.
• or
• Step 5 Select Financial Aid from the list of
  student service options listed at the top and
  select Award Information by Year.

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CALIFORNIA UNIVERSITY OF PENNSYLVANIA
Bursars Office - Summer Orientation 2007

• ITS ALL ABOUT YOU

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Bursars Office

• Office functions
• What will it cost
• Payment options
• Whats next

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Office Functions

• responsible for the billing and collection of
  university tuition, fees, room and meal plans
• responsible for disbursement of Federal Stafford
  and PLUS Loans
• administers payment plans
• issues refunds

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Provided by the Commonwealth of Pennsylvania

• Please note that the Commonwealth of Pennsylvania
  subsidizes 4,883 per academic year of
  instructional costs per full-time equivalent
  resident student.

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How much will it cost per year?
Estimated Tuition, fees, room and board for one
academic year (fall and spring semester)
Tuition/fees 6,760 Room
(on-campus) 5,662 Room (Jefferson)
6,000 Board 2,862
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Estimated Fall 2007 Semester Costs
Tuition/Fees
3,380 Room (on-campus)
2,831 Room (Jefferson) 3,000 Board
1,431
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Payment Options

• Option 1 Pay on-line at http//sisweb.cup.edu
• Option 2 Mail Payment to
• California University of Pennsylvania
• Bursar Office, Box 83
• 250 University Avenue
• California, PA 15419
• Cashiers Check, Money Order, Personal Check,
  MasterCard, Visa or Discover Card
• (Please include top of billing statement with
  payment)
• Option 3 Fax Credit Card Information (include
  top of billing statement) to 724-938-5983
• Option 4 Pay at the Bursars Office

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Bursars Office Location Dixon Hall Room 118

• Contact InformationPhone 724-938-4431Fax
  724-938-5983Email cupbursars_at_cup.edu
• Office HoursMonday, Wednesday-Friday
  8-4Tuesday 9-4

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Semester Payment Plans
Classic Two Installment Payment Plan - no
administrative fee - 1/2 balance on due date -
1/2 balance in October

• Four Payment Plan
• 30.00 administrative fee
• paid with first payment
• 25 of balance due each month
• August, September, October and November

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Disbursement of Financial Aid

• Borrowers must complete a Loan Counseling
  Entrance Interview
• Any aid source not finalized by the due date
  will have to be covered by payment or payment
  plan
• Aid is estimated until it is posted to the
  students account
• Aid is posted the first week of the semester
• Check the status of refunds on the student self-
  service website (http//sisweb.cup.edu)
• Refunds are mailed to the students billing
  address

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Parent Plus Loan Borrowers

• PLUS Release Form must be completed in order to
  apply funds to students account
• Recommend that you sign PLUS Release Form today
  (recommend that both parents sign a release form
  if you are unsure of who will be applying)
• Disbursement of PLUS Loan proceeds will be
  delayed if no PLUS Release Form is on file

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Whats next?
Billing Statement Process Due date for
payment
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Visit Our Office

• After this presentation the Financial Aid
  Office will be open in order to assist you with
  
• any additional questions you may have and/or
• review your students individual financial aid
  record or award package
• Our office is located on the
• first floor of Dixon Hall
• 724-938-4415 Phone
• 724-938-4551- Fax

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THANK YOU FOR SPENDING YOUR MORNING WITH US!