Financial Aid & Scholarships Student Financial Services & the Financial Wellness Center - MONEY MATTER$

MONEY MATTER$
 Presented by:

Financial Aid & Scholarships

Student Financial Services &
the Financial Wellness Center

FERPA Release Form
         For Information Only

              •   PSU cannot provide account information
                  to anyone other than the student unless a
    Family        FERPA password is on file after
                  matriculation
Educational   •   Student fills out form, creates a password
                  parents/relatives/etc can remember
    Rights    •   Student must submit form in person to

   Privacy        Records and Registration (WH)

              •   Student must bring photo ID
        Act   •   Calling party must know and verbally
                  provide FERPA password.

FINANCIAL AID 101

FAFSA: https://fafsa.ed.gov/ - Federal, State, Institution Aid
How do I qualify? US Citizen or Eligible Non Citizen.
Dependent VS Independent
EFC: Estimated Family Contribution
Portland State University: http://www.pdx.edu/- log into banweb to
check Financial Aid information
    • Financial aid correspondence will be sent to your PSU email
       address
    • Turn in all requirements, sign terms and conditions & accept
       award letter offers for loans
    • Complete entrance counseling & sign promissory notes
Limits
    • Federal Pell Grant funding is limited to 6 years
    • Stafford Direct Loans have annual and aggregate maximums
    • Financial aid eligibility is limited to 270 attempted credits

• The academic year at PSU begins with fall term (September) and
  ends at the end of summer term (August)
• PSU awards aid for fall, winter, and spring terms based on (12)
  full time attendance
• Students who want to attend summer will need to revise their
  award ASAP! (tell Financial Aid)
• Registered @ 6 credits minimum to get aid dispersed
• Maintaining Eligibility- PASS YOUR CLASSES!
    • SAP: Satisfactory Academic Progress
    • GPA: 2.0
    • Completion rate: 67%
    • Credit limit: 270
    • If you are having trouble seek help: advisor, tutoring, DRC

Financial Aid Programs
                4 Years Free & Transfers Finish Free
• Turn in final school transcripts by August 1, 2018
• Federal and State Grants and PSU scholarships
 pay for BASE tuition and fees first up to 15 credits
• PSU will cover any additional base tuition and fees that are not
  paid for by gov’t grants and PSU scholarships.
• Will not cover housing, books, supplies,
 transportation, deferential tuition and fees, misc. costs
• 2.0 GPA and 12 credits per term
• Fall, Winter, Spring terms only – Summer term not included

Scholarships For 2020-2021
     www.pdx.edu/scholarships - Deadline is February 1st
Scholarships opportunities range from merit, skill, community
involvement, student background, financial need, and many other
variables
Outside scholarships
• www.fastweb.com
• Igrad.com
• Look in your community
Outside scholarships need to be reported to financial aid
• http://www.pdx.edu/finaid/miscellaneous-forms
• It could affect your financial aid eligibility
• Award will be divided by 3 terms unless specified by the donor

STUDENT FINANCIAL SERVICES

        Student Accounts
             Cashiers
           ID Services
    Financial Wellness Center

How does a student account work?
             Every term…(fall, winter, spring, summer??)

                                                      $ for Books &
                                                        Supplies/
                                                         Personal
                                    Refund              expenses
University       Financial
                    Aid
 charges          Applied             OR
 9/9/19          (if applicable)
                                   Balance due           Billing
                                                       notification
                                                     emailed to PSU
                                                      Email address

University Charges
                           Tuition & Fees
•   Tuition: Resident vs. Non-Resident
•   Differential Program Tuition/Honors
•   Mandatory Fees (Building, Incidental, Health Service, ASRC)
•   Course Related Fees (Online fee, lab fee, language fee)
•   Room & Board
•   Student Health Insurance
•   Misc. Fees (i.e. Library fines, locker rental(s), bus/parking pass)
•   Matriculation Fee (one time fee for all new and transfer students)

WESTERN UNDERGRADUATE EXCHANGE
             DISCOUNT (WUE)
Eligible students receive a tuition discount equal to 150% of
      resident tuition for up to 18 consecutive terms.*

                        Maintaining Eligibility:
                              GPA 2.0+
                             12+ credits

               www.pdx.edu/student-financial/wue

*For academically qualified incoming Freshmen and Transfer students who meet
      specific criteria. Duration of discount varies depending on eligibility.

MONTHLY ELECTRONIC BILLING
      STATEMENTS
     Statement available at my.pdx.edu

 Email notice sent to student’s pdx.edu email

                    16th of Each Month

Payment Due

      The 6th of the Following Month

Methods of Payment
         Account balance is available online at
                   www.my.pdx.edu

● Pay On-Line “PSU E-Pay” with:
      Electronic Check (free) or
      Credit/Debit Cards (subject to convenience fee)
● Pay in Person with Cash or Check:
      At the Cashier’s window (FMH Lobby)
● Mail in Check to:
      PSU Attn: Cashiers
      PO Box 908
      Portland, OR 97207

PSU Payment Plan
 Payment for classes registered is due in full at the beginning of the term.
 Can’t pay in full by the beginning of the term? Enroll in the PSU Payment Plan
   by the 6th of the month.

Enrollment in plan required each
    term by the 1st due date
Payment information required at
            set-up
 Must be currently enrolled for
            classes

Account Credit Balances:
             Refunds
• All Refunds issued through Direct Deposit or Mailed Check
• Students must set up direct deposit through my.pdx.edu
• If no refund selection made, refund will be delayed several
  weeks and will be automatically mailed to address on file
• Refunds for dropped classes generally processed within 4-
  6 weeks after the second week of the term

Meet with your Financial Coach!

 The FWC provides confidential, one-on-one meetings with
  Financial Coaches for students and parents to familiarize
themselves with what it means to be financially responsible
               both during and after college.