Student Financial Services 5/28/2021 - Ursinus College

5/28/2021

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    Student Financial Services
                        Ashling Suppan
     Associate Director of Student Financial Services – Aid
                               &
                         Barbara Tyson
    Associate Director of Student Financial Services – Billing

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    Overview of Next Steps
    •Forms to Complete
    •Understanding Your Bill
    •Paying Your Bill
    •The Grizzly Gateway
    •Questions
    •Contact Info

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              Forms to Complete

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    Forms to Complete
    •All missing paperwork should be submitted no later than
     June 15th

    •Emails are sent every other week to your @ursinus.edu
     email address

    •You can also check your Grizzly Gateway to see missing
     paperwork

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    Verification
    •Requires additional tax info to be submitted
      •UC Verification Form
      •Signed tax returns
      •W2 or wage statements

    •Approximately 1/3 of all FAFSA filers randomly selected

    •Financial aid cannot be disbursed to your account if not
     complete

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    Direct Loans
    •FAFSA filers will have Direct Loans listed on award
     letter (Unsubsidized and/or Subsidized)

    •To accept, you must complete Entrance Counseling
     and Master Promissory Note (MPN) at
     https://studentaid.gov

    •To decline, you must do so through Grizzly Gateway

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                    Declining Loans

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     Declining Loans

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     Declining Loans

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            Understanding Your Bill

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     What’s On It?
     •Direct billable costs per semester
       •Tuition, Room (housing), Board
        (meal plan)
     •Tuition insurance

     •Health Insurance

     •Anticipated financial aid

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     Tuition Insurance
     • An optional and affordable insurance program. When combined with the College’s
       published refund policy, reimbursement totaling 70% of tuition paid/net tuition due
       to the College will be refunded if you are forced to withdraw from school due to a
       personal illness, mental health condition or accident.

     • Complements and enhances school's separation policy.
        • “Separation policy” refers to adjustments to a student’s charges and aid if they
          withdraw or take a leave of absence prior to the end of a semester

     • Automatically enrolled - must complete online waiver before 1st day of classes to
       have charge removed from bill.

       *One-time charge of $311 occurring in the Fall (covers Fall and Spring only)

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     Health Insurance
     • Full time students are required to have health insurance coverage

     • Basic coverage available for full calendar year (8/7/2021 – 8/6/2022)
       • 2021-2022 cost: $1,780
       • One-time charge occurring in the Fall

     • Automatically applied to account - must provide proof of insurance online to
       Wellness Center in order to waive school coverage
       • To have charge removed before first bill, submit waiver by June 30th
       • To have charge removed from bill, submit waiver by September 11th
       • After September 11th, charge cannot be credited and student will be enrolled in plan

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     How Do I Get My Bill?
       •Fall invoices mailed to home
        address by July 8th

       •Available online through
        Grizzly Gateway

       •You will receive an email
        when bill is posted online
       *All account correspondence sent to
       students!

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     When Do I Pay My Bill?
                    Fall bill due in full by August 2nd
                              *A $50 late fee will be applied after August 12th

     •If waiving insurance or aid, wait for updated statement
      in portal before making payment

     •If enrolling in payment plan, wait until all other
      payments process before signing up

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              Paying Your Bill

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                              Financing Options
     The following options can be combined to suit your
                       family’s needs

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     Payments
      • Where to pay                          • Methods of payment
        • Online via Grizzly Gateway            • Cash
        • Mail                                  • ACH/EFT
        • In person                             • Check/money order
        • Phone                                 • Bank wire
                                                • Credit/Debit card
      • 529 Payments                              • 2.4% fee
        • Contact 529 plan provider for
          instructions

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     Monthly Payment Plan
     • 4- or 3-month options available each
       semester
       • 4-month: Jul-Oct/Dec-Mar
       • 3-month: Aug-Oct/Jan-Mar
     • Interest-free
     • $25 enrollment fee
     • 10% of anticipated balance due at time
       of enrollment
     • Payments withdrawn on 15th of
       month

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     Loans
     Private Loans                       Parent PLUS Loan
     • Can be in your name with a        • Federal loan in parent’s name
       co-signer OR in parent’s          • 2021-22 interest rate: 6.28%
       name
                                         • Current origination fee:
     • Interest rates, fees, repayment     4.22%
       schedule, etc. determined
                                         • Pass/fail credit check
       between lender and borrower
     • www.elmselect.com
        • Sample of lenders (non-
          exhaustive list)

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                          Grizzly Gateway

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     Accessing the Grizzly Gateway
           Access by visiting www.ursinus.edu

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       Grizzly Gateway

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                Grizzly Gateway

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                                      Proxy Access
     You can set up billing account access for your parent
                                          through a proxy

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                      Proxy Access

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          Student Responsibility Agreement
     Must be signed prior to the start of each academic year!
                                          Link opens July 1st

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     Student Responsibility Agreement

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            Questions?

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     Keep In Touch!
     610-409-3600

     financialaid@ursinus.edu
     studentaccounts@ursinus.edu

     Corson Hall – Suite 108

     @UrsinusSFS

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