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Financing Your FutureStudent Financial ServicesSummer 2014How Much Does it Cost to Attend UCM?Tuition and Fees: $7,265 Based on 30 on-campus credit hours ($13,656 for non-residents)Books and Supplies: $1000Housing: $5,034 for a double roomMeal Plan: $2,794Total $16,093 for Missouri Residents ($22,484 for Non-Residents)Direct and Indirect CostsDirectTuition and feesRoom and BoardBooks (if you buy them at UCM)Indirect (part of the Financial Aid budget but not paid to UCM):Travel expensesLoan fees

Financial Aid ProcessYou can still apply for federal aidFree Application for Federal Student Aidwww.fafsa.govwww.pin.ed.govUCM FAFSA code is 002454Priority deadline is April 1st for state and UCM campus based funding.

Financial Aid Process continuedFinancial NeedCost of Attendance (COA) Expected Family Contribution (EFC)_______________________________= Financial NeedThis formula is the basis for how all aid is awarded to the student.

Types of Financial AidScholarships and GrantsCan be from federal, state or private sourcesCan be need or non-need basedLoansStafford Subsidized and/or unsubsidizedPerkins PLUS loans or Private/Alternative LoansWork Study

LoansFor Perkins and Stafford loansFAFSA is applicationMust do Master Promissory Note (MPN) and Entrance Loan Counseling Parent PLUS and Private/AlternativeSeparate credit check/applicationMust do MPN for PLUS

PLUS loan Credit based loan held by biological or adoptive parentInterest rate for 2014-15 is 7.21%May borrow up to COA less Financial Aid Repayment of the principal begins 60 days after loan is fully disbursed

Parent PLUS Loan

Contact SFS

Other Assistance529 PlansThird party bill paymentUCM payment plan

There is no paperwork to sign; all students are automatically on a payment plan when charges begin accruing on their student accounts. If financial aid (defined as grants/scholarships/loans) does not pay the balance in full, payment of at least 20% is due each month. For the convenience of making monthly payments, a 1.5% additional processing fee will be charged toward the unpaid balance beginning with the third monthly installment.Formula:Total Due financial aid = balance dueBalance due 5 payments (3 for summer) = amount of 1st paymentRemaining original balance due + additional charges since first payment 4 (# of payments remaining) = amount of 2nd paymentRemaining balance due + additional charges x 1.5% 3 = amount of 3rd payment, and so on for 4th and final paymentsUCM payment planHow Can I See My Financial Aid?By email and mailMost correspondence is via UCM email accountMyCentral portalStudent only access with 700#Reset of password via our help deskOther FAQs are on www.ucmo.edu/contactsfs

What if I havent seen our aid yet?We havent received your FAFSAFAFSA is rejectedMost common issues are signatures, selective service or missing informationVerification has not been completedCheck status via MyCentral

When will we get our bill?Statement includesClass fees/tuitionHousing/meal chargesBooksFinancial Aid creditsBills available online www.mycentral.ucmo.eduClick on view and pay my bill on the Student Services Tab

New Student Fee on September billWhen will we get our bill?July 23 - Fall semester bills will be printed and available in the MyCentral Billing and Payment CenterAugust 20 Payment for the Amount Due after aid is applied in full or 20% of Amount Due balance

Amount DueOnline Account AccessSet up bank account info for payments and refundsDirect deposit If students choose to not use direct deposit, please note that checks are run on a specific schedule and funds are mailed to the permanent address

Online BillingReview your billMake single immediate paymentSchedule future paymentsSet up personal profile and authorized usersStudents will receive only one paper bill per semester

Viewing the BillSetting Up Text Alerts

Authorized user

Important InformationMost aid is based on full time enrollment (12 or more hours), if you drop below 12 hours some aid may be prorated or cancelled.State aid and scholarships are based on full timePell grant is proratedBefore you drop a class, talk to SFS and your academic advisor

Central One CardAnyone with a valid UCM ID card can choose to use it as a debit card on campusCentral CashBookstoreMeal points and meal plansAccess to the followingLibrary cardHome sporting eventsSGA VotingPlanner-Handbook distributionNot required to get your FA refund!

Contact SFSLocated in Ward Edwards Room 1100Hours are 8-5 Monday-Friday during the school year and 7:30-4:30 in the summerPhone 660-543-8266 or 1-800-SAY-UCMFax 660-543-8080Other servicesBudgeting assistanceFinancial literacyNotary