LONGHORNS GUIDE TO FINANCIAL AID

http://finaid.utexas.edu • (512) 475- 6282

OSFS Services

Financial Aid Counseling & Processing Complete your new FAFSA each year www.fafsa.ed.gov

Scholarships www.texasscholarships.org

Bevonomics – money management workshops www.bevonomics.org

Hire-a-Longhorn – job search www.hirealonghorn.org

www.fafsa.ed.gov

Complete FAFSA each year by the

priority deadline:

March 15th

Check Finaid Status Online via CASH http://finaid.utexas.edu/cash

Review & submit your Financial Aid award notice

Complete any requirements: Entrance Counseling Documentation needed FERPA privacy release Direct deposit

authorization

Report scholarships

Review the status of your funds release

EFAN = Award Notice

Cost of Attendance Tuition Books Housing Transportation Miscellaneous

Financial aid assists you in paying these costs

Student Loans - Getting Started

Use your FAFSA PIN to gain access Requirements listed on “My Profile”

Complete Entrance Loan Counseling

Takes 20-30 minutes to complete

Loans will

NOT activate until the counseling requirement

is satisfied

Subsidized/Unsubsidized Direct Loans – Master Promissory Notes

Parent PLUS Loan: two-step process

Step 1: PLUS Request Process Step 2: PLUS Loan MPN

Tuition Bill: How Will You Pay For It?

See your “My Tuition Bill” page UT Direct

Due August 10th by 5:00pm

Must select payment arrangement:

Installment Plan (3 installments)

Check: Electronic Funds Transfer (EFT)

Credit Card: MasterCard, Discover & AMEX Only

90-day Tuition Loan

Financial Aid

“My Tuition Bill “ via UT Direct

Aft

er

You must select a payment option in order to secure your classes

Red means classes are not secured Green means classes are secured

Bef

ore

How Do I Receive My Funds?

Aid will release approximately 10 days prior to the first class day.See “Funds release” via CASH page

Disbursement of Aid Outstanding UT debt paid first

T&F’s and on-campus housing

See “Where’s my Check” via UT Direct or “Funds Release” via CASH

Direct Deposit to update go to “My Bank Info” via UT Direct

Paper Check to update go to “My Addresses” via UT Direct

Where to Keep Your Money?

Choosing a Bank

Location Fees ATM Access On-line Banking Free Checking

Manage your Money

Pay bills on time: tuition, books, housing

Avoid “bad debt”, such as credit cards, short-term loans

Reduce your financial stress Budget Think about future expenses Attend a Bevonomics session

Financial Aid refund / 4 months = Monthly Budget

Monthly Spending / 4 weeks = Weekly Budget

Bevonomics

Workshop Topics:◘ Managing Credit

◘ Investing for Life

◘ Repaying Student Loans

◘ Capitalizing on Employee Benefits

◘ Making the Move to Living Off-Campus

◘ Saving & Spending Like a College Student

◘ Making the Most of Your Scholarship Search

◘ Understanding Stocks, Bonds and Mutual Funds

See www.bevonomics .org for Fall 2011 schedule

The Battle Needs vs. Wants vs. Wats

vs.Vs.

Vs.

900+ Student Orgs

Do Free Activities!

Get a Jobwww.hirealonghorn.org

Find part-time jobs

Perks: Near campus Flexible Networking Resume building Good pay

Things to Remember

Apply for FAFSA each year by the priority deadline

FERPA privacy release authorization

Always check your CASH page

Read all e-mail correspondence

Submit all required documentation Complete Direct Loan requirements:

h t tps : / /s tudent loans.gov

http://finaid.utexas.edu • (512) 475- 6282

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Longhorns Guide to Financial Aid

Mon - Fri 8:00am – 5:00pm

(512) 475 - 6282

Student Services Building (SSB)

3rd Floor