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Billing and Financial Aid
Janet Burkhardt
Director of Student Financial Services
Chris George
Director of Financial Aid
Agenda
• The role of Student Financial Services
and Financial Aid
• Student Billing, Payments, & Refunds
• Health insurance waivers
• Funding Options
• Special Circumstances
• Communications
Roles
Student Financial Services
• Student Billing
• Payment Plans
• Perkins Loans
• Health Insurance Waiver
Financial Aid Office
• Process Aid Applications
• Award Scholarships, Grants, Loans,
Work Study
• Send Award Letter
Academic Units
• Assist in the selection of departmental
scholarships
Billing
• The University of Denver is paperless
• ecoBills are sent to the student’s preferred
email address
• An additional email address may be
designated to receive the ecoBill
• Password protected
• Default password consists of the last 4
digits of your students DU ID# and all four
digits of their birth year
• Password can be changed
• Changes to ecoBill setup are done through
webCentral (soon to be PioneerWeb)
Billing – New Students
ecoBills are generated after
registration
• Emails are sent Sept. 6th
• Bill is due Sept. 20th
ecoBills are emailed
approximately 4 weeks prior
to the beginning of each term
• Also available to view on
webCentral (PioneerWeb)
ecoBill
• Sign into webCentral
• Select the Student tab
• Locate the My Statement section in
the center of the page
• Select ecoBill Account Management
• Follow the instructions to select
new password or adding an email
address
• Once complete, submit to save
changes
www.du.edu/bursar/ecobill.html
ecoBill
What is included?
• Tuition
• Technology Fee
• Activity Fee
• Room & Board Charges
• Parking Charges
• Health Insurance
• Health & Counseling Fee
• Disbursed or anticipated
financial aid
• Payments
Disbursement
• Financial Aid pays directly to the
student’s bill 10 days prior to the start of
term
• Must be registered with no
outstanding financial aid
requirements
• Full-time status is often required (12
credit hours)
• Federal Direct loans have an
origination fee that we are required
to collect at disbursement
Payments
• Payment is due ten days prior to the
start of the term
• Fall - September 20th
• Winter – December 27th
• Spring – March 14th
• Late fees of $150 will be assessed to
accounts which are not paid in full
by the due date
• Additional late payment fees are
assessed on the 1st of each month
until account is paid in full
Payments
• Accepted at Cashier’s Office (1st
floor of University Hall)
• Cash
• Personal Check
• Money Orders
• Cashier’s Checks
• Electronic Payments
• ACH Payments through Online
Payment link
• Wire Transfer
• Options available on the Bursar’s
website
Payment Plans
• Full Year (6 payments)
• Sep 9th and Oct 7th
• Jan 6th and Feb 3rd
• Mar 24th and Apr 14th
• $50 annual enrollment fee
• For more information:
• http://www.du.edu/bur
sar/payments/payment-
plans.html
Refunds
• Refund: Financial aid in excess of charges
on student bill
• Issued 2 business days after the
disbursement of financial aid
• Fall – September 9th
• Winter – December 31st
• Spring – March 18th
• Refunds due to adjustments of tuition
related charges are run nightly after initial
disbursement
Additional Funding Options
• Parent PLUS Loans
• Federal loans available to credit worthy
parents of undergraduate students
• Repayment of principle and interest
begins 60 days after disbursement, can
be postponed
• 6.41% fixed interest rate
• Private student loans
• Credit-based consumer loan to pay for
educational expenses
• Terms and interest rates vary
• Payments may be postponed
Scholarships
• Visit the Scholarship Search section on the
Financial Aid website
• Now would be the time to start looking
for next year
• What is available:
• Organizations that send information
directly to our office
• Departmental scholarships that require
applications (available in March)
• Private scholarships search engines
• CollegeinColorado.org
• Fastweb.com
• Scholarships.com
Private Scholarships
• Private scholarship reduce the financial
need of the student
• Adjustments to financial aid may need
to occur in some instances
• How we reduce funding if required
• Loans
• Work Study
• DU Educational Grant
• Where to send private scholarship checks?
• Include student name and ID
Office of Financial Aid
University of Denver
2197 S. University Blvd.
Denver, CO 80208-9403
Work Study
• Decreasing funding from both state and
federal government
• University is making up a portion of
the loss with its own funding
• Funding isn’t available to all students
who qualify
• Student Employment (within the Office of
Financial Aid)
• Work Study hiring fair on Saturday
• Jobs posted online
• Students get to seek out jobs, rather
than assigned locations
• Student are paid bi-weekly through payroll,
not the student account
Non-Work Study Opportunities
• Over 150 opportunities on the Student
Employment website
(www.du.edu/studentemployment) &
Facebook
• Sodexho (Dining Services)
• Cashiers, Baristas, Catering Staff, etc
• DU Call Center (fundraising)
• Nannies/Babysitting
• Medical receptionist
• Tutoring
• Dog Walking
• Retail sales
• Hostess and wait staff at restaurants
• Fitness instructors
Special Circumstances
We understand that special circumstances
occur that may impact a student’s financial aid
eligibility.
• Examples of “Special Circumstances”
• Loss of employment or reduction in
wages
• Excessive medical or dental expenses
not covered by insurance
• Bankruptcy or foreclosure
• Divorce or separation of parents
• Loss of child support
• Contact an advisor in Financial Aid
Financial Aid Eligibility
• Enrolled in 12 credits hours for most
financial aid to pay
• Maintain a 2.0 cumulative GPA (2.5 for
accounting majors)
• Complete and pass a minimum of 80% of
all courses attempted
• Additional requirements exist for gift,
endowed, and private scholarships. They
vary by department or donor
Looking ahead
• Apply for financial aid annually
• CSS PROFILE available in October 1st, 2013
• FAFSA available on January 1st, 2014
• March 15, 2014 is the priority deadline for
returning students.
• Requests for additional documentation are emailed
directly to the student and available on webCentral
(PioneerWeb)
• Financial aid awards for continuing students are
emailed at the end of May
Questions?
Office Hours: 8 am to 4:30 pm
Bursar’s Office
2197 S. University Blvd
Denver, CO 80208
303-871-4944 bursar@du.edu
Office of Financial Aid
2197 S. University Blvd
Denver, CO 80208-9403
303-871-4020 finaid@du.edu
Health Fee and Student Health Insurance
Service
Health Fee &
Insurance
Health Fee
Only
No Coverage (full
price)
Appointments with
a counselor or medical provider
Free* $10* $120
Laboratory Tests Free Discounted Full price
PAP Smears Free $26 $52
Specialist Consultations
(psychiatrist, gynecologist, dermatologist,
nutritionist)
$20* $90* $100-$189
Plain Film X-Ray Free $40 $40
Immunizations
(including HPV & travel)
Free Full price Full price
Group Therapy Counseling Free $5 $15
Allergy Shots Free $10 per visit $10 per visit

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Discoveries fall 2013

  • 1. Billing and Financial Aid Janet Burkhardt Director of Student Financial Services Chris George Director of Financial Aid
  • 2. Agenda • The role of Student Financial Services and Financial Aid • Student Billing, Payments, & Refunds • Health insurance waivers • Funding Options • Special Circumstances • Communications
  • 3. Roles Student Financial Services • Student Billing • Payment Plans • Perkins Loans • Health Insurance Waiver Financial Aid Office • Process Aid Applications • Award Scholarships, Grants, Loans, Work Study • Send Award Letter Academic Units • Assist in the selection of departmental scholarships
  • 4. Billing • The University of Denver is paperless • ecoBills are sent to the student’s preferred email address • An additional email address may be designated to receive the ecoBill • Password protected • Default password consists of the last 4 digits of your students DU ID# and all four digits of their birth year • Password can be changed • Changes to ecoBill setup are done through webCentral (soon to be PioneerWeb)
  • 5. Billing – New Students ecoBills are generated after registration • Emails are sent Sept. 6th • Bill is due Sept. 20th ecoBills are emailed approximately 4 weeks prior to the beginning of each term • Also available to view on webCentral (PioneerWeb)
  • 6. ecoBill • Sign into webCentral • Select the Student tab • Locate the My Statement section in the center of the page • Select ecoBill Account Management • Follow the instructions to select new password or adding an email address • Once complete, submit to save changes www.du.edu/bursar/ecobill.html
  • 7. ecoBill What is included? • Tuition • Technology Fee • Activity Fee • Room & Board Charges • Parking Charges • Health Insurance • Health & Counseling Fee • Disbursed or anticipated financial aid • Payments
  • 8. Disbursement • Financial Aid pays directly to the student’s bill 10 days prior to the start of term • Must be registered with no outstanding financial aid requirements • Full-time status is often required (12 credit hours) • Federal Direct loans have an origination fee that we are required to collect at disbursement
  • 9. Payments • Payment is due ten days prior to the start of the term • Fall - September 20th • Winter – December 27th • Spring – March 14th • Late fees of $150 will be assessed to accounts which are not paid in full by the due date • Additional late payment fees are assessed on the 1st of each month until account is paid in full
  • 10. Payments • Accepted at Cashier’s Office (1st floor of University Hall) • Cash • Personal Check • Money Orders • Cashier’s Checks • Electronic Payments • ACH Payments through Online Payment link • Wire Transfer • Options available on the Bursar’s website
  • 11. Payment Plans • Full Year (6 payments) • Sep 9th and Oct 7th • Jan 6th and Feb 3rd • Mar 24th and Apr 14th • $50 annual enrollment fee • For more information: • http://www.du.edu/bur sar/payments/payment- plans.html
  • 12. Refunds • Refund: Financial aid in excess of charges on student bill • Issued 2 business days after the disbursement of financial aid • Fall – September 9th • Winter – December 31st • Spring – March 18th • Refunds due to adjustments of tuition related charges are run nightly after initial disbursement
  • 13. Additional Funding Options • Parent PLUS Loans • Federal loans available to credit worthy parents of undergraduate students • Repayment of principle and interest begins 60 days after disbursement, can be postponed • 6.41% fixed interest rate • Private student loans • Credit-based consumer loan to pay for educational expenses • Terms and interest rates vary • Payments may be postponed
  • 14. Scholarships • Visit the Scholarship Search section on the Financial Aid website • Now would be the time to start looking for next year • What is available: • Organizations that send information directly to our office • Departmental scholarships that require applications (available in March) • Private scholarships search engines • CollegeinColorado.org • Fastweb.com • Scholarships.com
  • 15. Private Scholarships • Private scholarship reduce the financial need of the student • Adjustments to financial aid may need to occur in some instances • How we reduce funding if required • Loans • Work Study • DU Educational Grant • Where to send private scholarship checks? • Include student name and ID Office of Financial Aid University of Denver 2197 S. University Blvd. Denver, CO 80208-9403
  • 16. Work Study • Decreasing funding from both state and federal government • University is making up a portion of the loss with its own funding • Funding isn’t available to all students who qualify • Student Employment (within the Office of Financial Aid) • Work Study hiring fair on Saturday • Jobs posted online • Students get to seek out jobs, rather than assigned locations • Student are paid bi-weekly through payroll, not the student account
  • 17. Non-Work Study Opportunities • Over 150 opportunities on the Student Employment website (www.du.edu/studentemployment) & Facebook • Sodexho (Dining Services) • Cashiers, Baristas, Catering Staff, etc • DU Call Center (fundraising) • Nannies/Babysitting • Medical receptionist • Tutoring • Dog Walking • Retail sales • Hostess and wait staff at restaurants • Fitness instructors
  • 18. Special Circumstances We understand that special circumstances occur that may impact a student’s financial aid eligibility. • Examples of “Special Circumstances” • Loss of employment or reduction in wages • Excessive medical or dental expenses not covered by insurance • Bankruptcy or foreclosure • Divorce or separation of parents • Loss of child support • Contact an advisor in Financial Aid
  • 19. Financial Aid Eligibility • Enrolled in 12 credits hours for most financial aid to pay • Maintain a 2.0 cumulative GPA (2.5 for accounting majors) • Complete and pass a minimum of 80% of all courses attempted • Additional requirements exist for gift, endowed, and private scholarships. They vary by department or donor
  • 20. Looking ahead • Apply for financial aid annually • CSS PROFILE available in October 1st, 2013 • FAFSA available on January 1st, 2014 • March 15, 2014 is the priority deadline for returning students. • Requests for additional documentation are emailed directly to the student and available on webCentral (PioneerWeb) • Financial aid awards for continuing students are emailed at the end of May
  • 21. Questions? Office Hours: 8 am to 4:30 pm Bursar’s Office 2197 S. University Blvd Denver, CO 80208 303-871-4944 bursar@du.edu Office of Financial Aid 2197 S. University Blvd Denver, CO 80208-9403 303-871-4020 finaid@du.edu
  • 22. Health Fee and Student Health Insurance Service Health Fee & Insurance Health Fee Only No Coverage (full price) Appointments with a counselor or medical provider Free* $10* $120 Laboratory Tests Free Discounted Full price PAP Smears Free $26 $52 Specialist Consultations (psychiatrist, gynecologist, dermatologist, nutritionist) $20* $90* $100-$189 Plain Film X-Ray Free $40 $40 Immunizations (including HPV & travel) Free Full price Full price Group Therapy Counseling Free $5 $15 Allergy Shots Free $10 per visit $10 per visit

Hinweis der Redaktion

  1. Monday Office Hours: Bursar 11:30am to 2pm, Financial Aid 11am to 3pmHealth & Counseling Presentation: 10am and 11am Tuesday
  2. Monday Office Hours: Bursar 11:30am to 2pm, Financial Aid 11am to 3pmHealth & Counseling Presentation: 10am and 11am Tuesday