Presentation for students and parents attending Case Western Reserve University's orientation sessions.

1. FINANCIAL AID - The Next Step

2. Presenters Kristie Lillibridge Office of University Financial Aid/Student Employment Carl Ritenour BURSAR: Student Accounts Receivable Adam DiIulio Office of University Financial Aid/External Loans

4. Student Information System (SIS)

5. Billing and Making Payments

6. Financial Aid Budget Components and Financial Need Determination

7. briefCase: Accepting and Declining Financial Aid

8. Student Loan Programs

9. Federal Loans

10. Private Loans

12. Financial gain

14. Is not applied to direct costs

15. Money earned can be used to pay current year educational expenses

16. Priority in the job placement process

17. Work-Study Job Fair – September 9, 2011

19. Encourages students to participate in community service activities

22. Students are paid twice a month

23. Direct deposit is the preferred method of payment

24. Maximum hours a student can work per week = 20. Average is 8 to 10 hours per week

26. W-4: Federal Withholding Exemption Certificate

27. I-9: Employment Eligibility Verification

28. IT-4 : State Withholding Exemption Certificate Proper forms of Identification must be presented to SE office. Photocopies will not be accepted.

30. Job Postings located on-line at http://jobbss.case.edu

33. The Finance Section

34. View amounts “Due now” and “Future Due”

35. Payment Deadlines are:

36. Fall semester: October 7, 2011

37. Spring semester: March 9, 2012

38. Drop-down menu

39. Account Activity

40. Payments

41. Pending Financial Aid

43. If the account has more than 10 rows of data, the user must click on “View All” to view all.

47. Other Payment Options Mail payment using the pdf version of the bill Pay in person at the Bursar’s Office (Yost Hall, Room 115) Wire Transfer (please contact the Bursar’s Office for details) Please Note: Checks and money orders should be in U.S. dollars drawn on a U.S. bank, and made payable to “Case Western Reserve University.” Please include the student’s ID number on the check or money order. Payment Mailing address: Case Western Reserve University P.O. Box 74056 Cleveland, Ohio 44194 Correspondence/Delivery by Courier: Case Western Reserve University Bursar’s Office, Yost Hall, Room 115 10900 Euclid Avenue, Cleveland OH 44106-7043

49. Use this screen to set up an authorized user account for access to:

50. Student Finances

51. Academic Info

52. Student Center

53. Authorized user with financials access can view the bill, billing history, account activity, pending aid and can make an online payment.

57. Credit Score

58. Credit Card

62. Student Loan Programs Federal Loans: Administered and regulated by the US Department of Education. Federal Direct Subsidized Loan Federal Direct Unsubsidized Loan Federal Perkins Loan Federal Direct Parent Loan for Undergraduate Student (PLUS) Private Loans: Generally administered and regulated by the University, loan company and/or bank. Private Educational Loan CWRU Loan* *Offered through financial aid award for those students who are eligible

63. Direct Loan Application Process Once a student’s file is complete, an e-mail will be sent directing him/her to the www.studentloans.gov web site where they will complete the required loan Entrance Interview. Through the Student Loans website they will also complete the Master Promissory Note (MPN). The Entrance Interview provides information on the borrower’s rights and responsibilities. The MPN will permit Direct Loan borrowing in subsequent years.

65. Unsubsidized program – not need based

66. Both programs require the filing of the FAFSA as a prerequisite step

67. Student is the borrower and is solely responsible for repayment

68. Repayment starts six months after leaving CWRU or if the student drops below half-time status

69. Interest rates are fixed at 3.4% as of July 1, 2011 for Subsidized Loans and 6.8% for Unsubsidized loans

71. Dependent sophomore: $6,500 ($4,500 Sub)

72. Dependent junior +: $7500 ($5,500 Sub)

74. Interest rate fixed at 5%

75. Limited dollar program for colleges

78. No set borrowing limit. Amount borrowed can be up to budgeted cost of attendance, less any aid the student is already receiving

79. Parent is the borrower and is solely responsible for repayment

80. Interest rate is fixed at 7.9%

81. There is a 4% origination fee with an upfront interest rebate of 1.5%

82. PLUS Loans do not show up under pending aid in SIS

84. MPN

85. PLUS Loans are disbursed at the beginning of each semester. Please apply for the full amount you anticipate needing for the academic year.

86. Only the disbursed amount starts accruing interest.

87. Repayment begins 6 months after the student has graduated or dropped to less than half-time if requested. Interest accrues beginning the day the loan is disbursed.

88. Defer payments during the application process or call (800) 848-0979 to defer payment.

89. Cost of Attendance Tuition $38,760 Activity/RTA Fee $360 Room & Board $11,938 Book Allowance $1,175* Personal Allowance $1,350* Transportation $100-2000* Nursing Fees $815 Nursing Books/Supplies $1,575* Matriculation Fee $450 * Non-billable items *Non-billable item

91. Loan Disbursements Private Loans usually have additional steps documents and can take between 2-4 weeks to disburse. Loan proceeds will be disbursed to the student’s account after classes have begun and all requirements fulfilled. This occurs at the beginning of each semester.

93. While in school, use SIS Student Center to view your tuition account history. To revise or accept your financial aid award use briefCase.

94. You can monitor your cumulative loan balances on briefCase. Federal loans will also be on www.nslds.ed.gov and all loans on your credit report (www.annualcreditreport.com).