The Basics of Financing a College Education

Financial Aid – Lisa Treman, Associate DirectorStudent Accounts – Sue Wright, Director

Student Employment – Lynn Rogers, Coordinator

Apply for AidComplete the 14-15 Free Application for Student Aid

(FAFSA) at www.fafsa.gov

Our school code is (002842)

Parent and student must apply for a PIN (electronic signature) www.pin.gov

Apply for TAP at www.tapweb.org

Our school code is (0905)

Must be full time (12 credit hours or more)

APTS – replaces TAP for part time students.

Application at our office or on our website.

Types of Aid

Need Based Aid:

Grants: • Federal Pell Grant ($2,865 full time max)

($301 full time min)• Federal Supplemental Educational Opportunity

Grant (FSEOG)

Work:• Work Study $1,680

$8.75/hour x 12 hours per week x 16 weeks

Types of Aid

Loans:• Federal Perkins Loan (need based) 5%

• Federal Direct Subsidized Stafford Loan (need based) 4.66%

• Federal Direct Unsubsidized Stafford Loan (non-need based) 4.66%

Banner & Student Email

All important information is communicated to the student, not to the parent, via their Buffalo State email account

Banner: • Outstanding Requirements such as:

verification, entrance counseling, MPN, SAP, C Flags, Rejected applications, active messages from

the office to name only a few

• Award notifications: initial and revised

Check Often!

Additional Payment Options

• Parents may apply for a PLUS Loan at WWW.STUDENTLOANS.GOV 7.21%

• Student may apply for an Alternative Loan (visit

our website for possible lenders) variable rates• Automatic Payment Plan – apply on-line via

View/Pay bill link in self-service Banner

• Student Employment Office - GC306• Scholarships - www.buffalostate.edu/financialaid/

Reminder

You must complete the FAFSA each award year. Tax time is FAFSA time!

15-16 FAFSA is now available for the fall 2015 and spring 2016 academic year.

File by March 1, 2015 for on time consideration.

SUNY Statewide Student Financial Aid Days 2015

February 28, 2015

www.suny.edu/student

Register is open now

FERPA

Family Educational Rights and Privacy Act

Can’t disclose student financial aid information to anyone who is not the custodial parent(s) listed on the FAFSA

Consent Form

You’ve Got to Pay the Bill

Awards can only be used to defer payment IF listed on the e-billing statement

Electronic bills (e-Bills) are the exclusive billing method. Notifications are sent to the student’s Buffalo State student email account

Due DatesInvoices processed in mid-July are due 1/22/2015

Invoices are processed monthly after drop/add period has concluded

Failure to pay this or subsequent bills will result in a $30 late fee

Student can create an authorized user account for parent to view/ pay college bills

Book Deferments

Get yours before the deadline!

Students with aid in excess of charges are eligible to request a book deferment

Available about 3 weeks prior to the start of classes through Drop/Add

One deferment per semester (fall/spring) usable through end of 4th week of classes

Aid Disbursement

Loans begin to be disbursed the end of week two

Grants and scholarships get disbursed after week five

Good idea - Come with cash in hand

Get Your Refund via Direct Deposit!

If there is aid in excess of charges, a refund is issued to the student

We encourage students to sign up for Direct Deposit for safe, fast receipt of refunds

Health Insurance

Mandatory for all full-time students

Coverage dates 1/22/2015 – 8/12/2015

Amount: $1,038.00

DEADLINE to submit a waiver is 2/24/2015

Contact the Weigel Health Center at: 

716-878-6711 for further information

Get Your Parking Permit

Spring 2015 semesters - $35

Available online by logging into Parking Services website with your username and password. They will be mailed to your home address or can picked up at the office in Chase Hall through February 2nd & added to your tuition bill.

After February 2nd permits can no longer be added to your tuition bill. Payment through debit or credit card will be required at the time of your request.

Student Employment

Career Development Center

• Provide students with resources to find non-work study positions on & off campus– Only 2.7% of BSC students work as Student

Assistants (on-campus jobs, non-work study jobs)

• Part-time & Summer Business Directory

• Host part-time employers on campus

Student Employment

Job Postings on ORCA• Part-time, Work-study, Full-time, internships,

and volunteer opportunities

Contact Information

Financial Aid and Student Accounts are located in Moot Hall.

FA - 716-878-4902SA – 716-878-4121

Student Employment is located in Grover Cleveland Hall.

716-878-5811, press 1 for the Career Development Center

Office HoursMonday – Wednesday, Friday 8:30 – 5:00Thursday 8:30 – 6:00