Slide 1

Welcome To

Everything you ever wanted to know about financial matters but were afraid to ask

1NEUMANN COLLEGEFERPA (privacy act)Make sure that your son/daughter fills out the waiver form so that we can discuss student info with you

Neumann e-mail addressStudents must use their email addressInstructors email students through Neumann emailDepartments email students through Neumann emailParent email address -- we need it!

Resident student mail boxes check them dailyIMPORTANT! IMPORTANT!Everyone! Everyone! Everyone!Anyone who does not want to pay in full for their students tuition!Did we mention EVERYONE ??? ITS ABSOLTELY FREE !!!

Who should apply for a FAFSA?

Determines your eligibility for need-based aidFirst step in allowing you to apply for a Federal Direct Student LoanAllows you to apply for internal grants and scholarships Allows you apply for external grants and scholarships What does a FAFSA do?

NEUMANN COLLEGE4www.pin.ed.govThe Personal Identification Number (PIN) serves as your identifier to let you access your personal information www.fafsa.ed.gov not www.fafsa.comnot www.fafsa.org

Both the student and the parent must obtain their own unique PINNeumanns Federal School Code is 003988

How do I apply for a FAFSA?

You must choose whether or not to transfer data to the FAFSA.Participation is voluntary but will expedite the processing of financial aid. The process reduces the amount of documents requested by financial aid office.Offices can no longer accept a copy of tax returns in most cases.Tax transcripts from the IRS are required for verification.You may request a copy of your tax transcript at www.irs.gov. Call the IRS at 1-800-829-1040with any questionsFAFSA Tax Information33% chance of being selected by the government or institutionFinancial Assistance Office requires the followingStudent/parent to complete Verification Worksheet Student /parent must obtain tax transcripts for the IRS which can be obtained at www.irs.gov . Call the IRS at 1-800-829-1040 with any questions.FINANCIAL AID AWARD CANNOT FINALIZED UNTIL VERIFICATION PROCESS IS COMPLETED!!!What is the process of verification?

Know your state grant deadlines

Delaware April 15th 1-302-577-3240 or DDOE (Delaware Department of Education)

Pennsylvania May 1st 1-800-692-7392 or pheaa.org(Pennsylvania Higher Education Assistance Authority)

State grant deadlines

FREE MONEY FROM THE GOVERNMENTFederal PellSEOG (Supplemental Educational Opportunity Grant)State Grant Federal Work Study

How do I pay for my education?Funds are earned by working in a campus departmentAward is not deducted from your tuition billStudents can work no more than 8-10 hours per week, depending on department needsStudents are paid bi-weeklyOriginal documents that may be submitted for application :Drivers LicenseBirth CertificateSocial Security CardPhoto Student ID CardWhat is a Federal Work Study Job?

Federal Direct Student Loans (guaranteed loans)Subsidized (government pays the interest while in school) estimated interest rate 6.8%Unsubsidized (option to pay interest or capitalize while in school) estimated interest rate 6.8%This requires a Master Promissory Note (MPN) signed using your 4 digit FAFSA pinApply through www.studentloans.gov

What is a student loan?

This is the Web site!!!!!!

An entrance interview must be completed by the student loan funds can be processed to their tuition accountOnce the entrance counseling is completed, the student must sign a Master Promissory Note (MPN)An MPN is signed by using the students 4 digit FAFSA pinComplete both of these at:www.studentloans.gov

Entrance Interview and Master Promissory Note

Parents may apply for a Plus Loan at www.studentloans.govEstimated interest rate 7.9% with a 4% origination feeCredit check is requiredIf credit is denied, student is eligible for additional unsubsidized portion of Direct LoanRepayment starts 6 months after the first disbursementParent may defer payments while student is in school (up to six months after student leaves school)

What is a Parent Plus Loan?

A private loan that is based on creditMost need a credit-worthy co-signer, doesnt have to be the parentPrivate loans have both tiered and fixed interest ratesThe better the credit rating, the better the interest rate Repayment begins after a 6 month period of separationCan defer interest while in schoolCan pay on entire loan while in schoolCo-signer is responsible for loan if student does not payAfter 24 -36 consecutive, on-time payments, co-signer can be released from payment obligationsCo-signer must contact lender and request release www.elmselect.com website to use for comparisons

What is an Alternative Loan?

Commuter(12 to 19 credits)Undergraduate Tuition Full-Time (per semester) Tuition$11,631.00General Fee 305.00 SGA Fee 80.00Technology Fee 100.00

Total per semester$12,116.00

Tuition & Fees Fall 2012 through Summer 2013

ResidentUndergraduate Tuition Full-Time(12 to 19 credits)Tuition$11,631.00General Fee 305.00SGA Fee 80.00Technology Fee 100.00Room 3,255.00Board (19 meal plan) 2,280.00 bonus points - 100 Total per semester $17,651.00Tuition & Fees Fall 2012 through Summer 201314 DAYS TO REFUND

PLUS Loans

RESIDENT STUDENTS delivered to mailboxMake it a habit to check student mailbox daily

COMMUTER STUDENTS mailed homeHave permission from student to open their Neumann University mail STUDENT REFUNDS

Business Office Payment Plans

Higher Education Services (10 month payment plan)June to April - $60 annual fee (includes life insurance)

Deferral Plan ($40/per semester) first paymentAugust second monthSeptember third monthOctober final monthNovemberRepeats for the next semester see brochures for detailsHow do I pay for my education?

E-COMMERCEPAY for Tuition on-line24/7 THROUGH WEB-ADVISORCredit card OR Electronic CheckNO SERVICE CHARGEAll you need to LOG ON is your: son/daughters ID AND PASSWORDPASSWORD DEFAULTS TO BIRTHDATEHow do I pay for my education?

STUDENT MEAL PLANSNew Freshmen Resident Students:Mandatory for first year - 19 Meal Plan (110 bonus points)

15 Block Plan: 15 meals$110.0030 Block Plan: 30 meals$215.0050 Block Plan: 50 meals$340.0030 Superblock Plan: 30 meals$525.00Plus $315.00 bonus points50 Superblock Plan: 50 meals$590.00Plus $255.00 bonus points

Commuter Block Plans

NEUMANN POINTS

NEUMANN COLLEGE23Purchase mealsKnights Caf, CrossroadsBookstoreBooks, clothes, supplies (everything)LaundryNEUMANN POINT USES

Fall Semester

Bills will be mailed beginning of July Payment due date Monday, August 6th Classes begin Monday, August 27thIMPORTANT DATES

Fall textbooks available online- around June 15th Used books, and Rental Books are first come-first servedGo to the Neumann University websitewww.neumann.eduStudent LifeCampus Store

ORDERING TEXTBOOKS ON LINEBOOKS ON RESERVEThe Campus Store boxes up all your textbooks for you.

Pick up your books as early as the second week in August. or Visit the Campus Store during Freshmen orientation weekend to pick up your books.

The receipt for your purchases will be in your box.

It is VERY IMPORTANT to keep your receipt, in case you need to return or exchange a textbook for any reason.

CAMPUS STORE HOURSIf you prefer to visit the Campus Store to purchase or rent your textbooks, we suggest you visit the second week in August to insure that all your books will be available in the store.

Summer hours of operation: Monday Thru Thursday 8:30-5:00 Friday 8:30-4:00

The store is initiating a Customer Loyalty Program in the Fall. Students will be rewarded for their patronage . Any student reserving books on line will automatically be signed up for the Customer Loyalty Program.WWW.NEUMANN.EDU

Business Officeuse site map Business Office (Business Office appears on left hand side)Financial Assistance Officeuse site map - Admissions to Financial Assistance

Web-Advisoruse jump to Web-AdvisorStudent log-on right hand sideIMPORTANT WEBSITE INFO?????

THANK YOU! Any Questions?SEE YOU IN AUGUST!!