Money Matters

Presented by:

Financial Services and Financial Aid

This session is important because……..INFORMATION

• Makes your time at MSU go smoother

• Allows you to plan and finance your

education

• Helps you stay in good financial standing

FINANCIAL SERVICES

Carrington Hall 113

Financial Services is responsible for the asset

management and accountability of all University funds,

including yours.

• Accounts Receivable

• Disbursement of Financial Aid

• Bursar’s Office

• Collections

ACCOUNTS RECEIVABLE

• Post charges to student accounts

• Answers questions regarding student accounts

• Maintains direct deposit records for refunds

• Processes refunds

DIRECT DEPOSITThe fastest way to receive the balance of your Financial Aid is by:

Direct Deposit to your bank account!

• You may designate ANY banking account

• Your direct deposit authorization will remain in effect until YOU change it

• Students receive email when the direct deposit is sent to their bank

• Sign up on-line or in Financial Services

BURSAR’S OFFICE• Sends email notifications when statement is ready to be viewed

• Processes student payments and departmental deposits

• Deposits money on BearPass Card

• Cashes checks for students

o Personal & Parent Checks

o Limit of $50 per day

• Window Hours

o 8:30 am- 4:00 pm M - F

MY PAYMENT PLANMissouri State University allows students in good financial standing to

make charges on their accounts for:

• Required student fees

• Residence hall charges

• Bookstore charges

• Taylor Health Center charges

• Parking permits and fines

• Library fines and other charges

…and pay for those charges in installments.

MINIMUM PAYMENTSCalculated by dividing the total charges due at the beginning of the

semester by the number of scheduled payment dates in the semester

and adding the Finance Charge.

Tuition and

Housing

# Of Payments

MiscCharges &

FinanceCharge

Monthly Minimum Payment

FINANCE CHARGES

• If all charges for the semester are not paid by the last

business day of the month in which the semester begins, a

Finance Charge will be applied at a monthly periodic rate of

1% to the remaining balance.

• If you do not wish to pay finance charges, simply pay the

entire balance before the last business day of the month in

which the semester begins. (August, January, June)

MY PAYMENT PLAN: REPAYMENT

Charges incurred for and during…

• Fall semester may be paid in three monthly installments.

August 31st

September 25th

October 25th

• Spring semester may be paid in three monthly installments

January 31st

February 25th

March 25th

MY PAYMENT PLAN• All students are automatically enrolled in the payment plan

• Students agree to terms when enrolling in classes

• All accounts must be paid in full by the end of that semester's

plan

• Past due amounts will prevent a student from registering for

the next semester, continuing in the My Payment Plan for

subsequent semesters and from receiving diplomas or

transcripts

In Person at the Bursar’s Office

• Cash or Check

Over the WEB

• E-Check (Free)

• Credit Card/Debit Card (2.75% Convenience Fee)

o Visa, Master Card, Discover, American Express

Through Mail

• Include Student Name

• Include Student M#

• MOST or 529 Plans

HOW TO MAKE PAYMENTS

BEARPASS CARD

MSU Identification Card

Debit account

• Add funds to your card and use it on

campus to pay at the Bookstore,

Convenience Stores and Food Court

Charge account

• Charges at Health Center or Bookstore go

on your student account

• Payment for miscellaneous charges are

due in 30 days

BEARPASS OFFICE

Plaster Student Union 128

“

This is where you get access to your bill and payment summary.

THIS IS A STATEMENT SUMMARY

WHAT ABOUT PARENTS?

Parent logs in to their e-mail account to receive their login information.

Go to www.missouristate.edu/bursar and click “Login & Setup

Instructions”

OFFICE OF STUDENT FINANCIAL AID

•

Carrington

Hall 101

FAFSAwww.fafsa.gov

Application

Process

• Complete each year October 1

• Review Student Aid Report

(SAR)

• Submit requested documents

(verification)

• View your award letter

• Accept or decline

• Follow up as directed

o MPN

o Entrance Counseling

Award Letter

Accept or

decline

APPLICATION STATUS

• If you applied for aid prior to June 1- your award letter should

be ready online

• It’s not too late to apply for Stafford and Pell

• Free Application for Federal Student Aid are available in our

office or via the web at:

www.fafsa.gov

2017-18 INTEREST RATES• Subsidized Stafford Loans, interest rate is a 4.45% fixed rate.

• Unsubsidized Stafford Loans, interest is a 4.45% fixed rate.

• PLUS (parent) loans, interest is a 7.00% fixed rate.

OFFICE OF STUDENT EMPLOYMENTBLAIR-SHANNON, ROOM 113

• Helps students find jobs on or near campus

• 3,000 part-time jobs on campus

• 400 of which are Work Study

• For more information and to see the documents required for

campus job placement visit www.missouristate.edu/studentemp/

TIMING IS EVERYTHING

• University Scholarships, Federal Grants, Stafford Loans and Perkins Loans will apply to students’ accounts after the first week of school

• Scholarships from private sources pay to student accounts when funds are received by Missouri State (but no sooner than the first week after of school)

• State programs pay upon notification by the State (varies)• Bright Flight• Access Missouri

COST INFORMATION

• Required Fees, Room, Board, Books

• Missouri Resident

• $8,472 per semester, $16,943 per year

• Non-Missouri Resident

• $12,192 per semester, $24,383 per year

• See www.missouristate.edu/costs

SPECIAL NOTES• Please carefully read everything sent to you

• Be sure to check your Missouri State email

account regularly

• Make sure to communicate regularly regarding

your student’s finances, statements, and aid

status

• Closely monitor loan debt, and more importantly, the use

of credit cards

• You must reapply for federal and state aid each year

• The FAFSA becomes available after October 1

SPECIAL NOTES

• Donor funded scholarships

• Pay particular attention to scholarship renewal requirements

• Be sure to return the scholarship acceptance form to the

Office of Student Financial Aid

• ID for scholarships and state programs

SPECIAL NOTES