CBSFinancial Aid Orientation

Staff

Roshanna Hardison, Director of Financial Aid Roshanna.hardison@cbshouston.edu 832-252-0728

Kimberley Fleming ,Financial Aid AdvisorKimberley. Fleming @cbshouston.edu 832-252-0731

Sha Toi Newell. Financial Aid Advisor 832-252-0710 Shatoi.newell@cbshousotn.edu

Sulema Cortez, Financial Aid Associate Sulema.Cortez@cbshouston.edu 832-252-0702

ServicesFinancial aid awarding Federal aid and Institutional Aid

Office Hours Monday, Tuesday, Thursday 8:30am-7:30pm

Wednesday 8:30-6:00 pmPhone: 832-252-6402

Financial Aid Office

If you have any questions related to you student account bill please contact Alberto Salazar

832-252-0713. Alberto.salazar@cbshouston.edu

You can also email student.accounts@cbshouston.edu

Student Accounts Billing

Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses

Sources Federal government Veteran’s Affairs States Private sources Civic organizations and churches Employers

What is Financial Aid?

Web site: www.fafsa.gov Can apply every January 1st for the upcoming

award yr.1. 2014-15 FAFSA becomes available on January 1,

2014 Sign FAFSA electronically with pin May be used by students and parents throughout

aid process, including subsequent school years You will need to use CBS school code: 0034224

FAFSA on the Web

Federal aid Have a high school diploma or equivalent or

GED Be admitted in the Bachelors or Associates

Degree Program Be a US citizen or eligible non-citizen Not be in default on any federal student

loan, or owe money on federal student grant

Institutional aid All of the above Awarded based on meeting SAP Can also receive if in Bible Certificate

Program

Eligibility for Financial Aid

1. Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 7 to 10 days after FAFSA submitted

2. College reviews ISIR- May request additional documentation,

such as copies of federal tax transcript. 4-6 weeks processing time.

Special Circumstances Cannot report on FAFSA Contact you Financial Aid Advisor to discuss Special Circumstances are approved by the

Director Of Financial Aid Only

FAFSA Processing Results

Types of Financial Aid at CBS

Pell Grant & Scholarships

Does not have to be paid back

Awarded based on need and enrollment

CBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollment

Loans

Loans are money you pay back

Repayment usually begins after education is finished

You must be en rolled at least half time ( 6 credit Hours )

You must not be in default

CBS Online Application and Accepting Awards

Acceptance of Awards

Student Billing(myrecords.cbshouston.edu)

Student Billing(cont.)

Disbursements and Refunds

After your fees and any other charges on your CBS student account are paid, any remaining financial aid will be refunded to you by check in the mail. All Refunds are disbursed after Census Date . 30 -45 days from the time of class start Generally, if your financial aid has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately 5-14 business days later.

Enrollment Go to myrecords.cbshouston.edu Log in Go to “Billing” tab Click on “Make a payment/payment plan”Requirements Automatic bank payment (ACH) Credit/debit card $25 per semester nonrefundable enrollment fee $30 returned payment fee No minimum balance to participateAdvantages Easy online enrollment Monthly payment plan Flexible payment options No interest

Payment Plans

Book Allowance

CBS offers book allowances maximum of $300 Eligibility Requirements : • Must be Pell eligible and have a credit

balance. This will include all FSA funds Example Student loans )

• All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class 

• Book allowances are mailed out starting the first week of class 

Book Allowance

CBS offers book allowances maximum of $300 Eligibility Requirements : • Must be Pell eligible and have a credit

balance. This will include all FSA funds Example Student loans )

• All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class 

• Book allowances are mailed out starting the first week of class 

Student Responsibilities:PAY ATTENTION TO EMAILS!!!

• Always refer to Financial Aid for questions about your financial aid . For questions about your Payment plan and billing account contact Alberto Salazar

• You MUST accept your awards in order for aid to be disbursed1. Loans may be cancelled if not accepted

within 30 days• Notify of any enrollment changes (Add/Drop)• CBS reserves the right to correct any errors

made on financial aid awards Please be sure your address of record is current

• Maintain SAP (GPA and Completion ratio)1. Grades of F, W, WA, and I are not considered

as satisfactory completion.2. Warning, suspension, probation

Thank You