FINANCIAL SERVICESFOR

TRANSFER STUDENTS

Summer Orientation

Hornet Central: Tuition & Fees

WebAdvisor – Student Self Service

• Students receive their usernames and passwords from Admissions upon acceptance

• Students view their student accounts, billing statements, and make tuition payments online

• Parent/Person Proxy • Allows a parent or person to view the student's

account, billing statement, and make payments online.

• Direct deposit • Register for courses

529/Prepaid College Plan• Individualized plans• Contact plan holder for information on how

to access funds• Contact Hornet Central at 540-665-4514 or

hornetcentral@su.edu for further clarification

Payment Plans• Office of Student Accounts

o studacct@su.eduo 540-542-6519

• 4 payments per termo FALL: August/September/October/Novembero SPRING: December/January/February/March

• Setup fee per term = 2% of payment plan balance

FINANCIAL AID AWARD LETTER

AFTER BEING AWARDED• Send in all documents and paperwork requested• In some cases, 2015 federal tax information and

other documentation is requiredo FAFSA IRS Data Retrieval Tool or 2015 Federal Tax

Transcript or IRS form 1040 (A/EZ) and all W2s o Aid is placed on hold until all information and

documentation has been received

VIRGINIA TUITION ASSISTANCE GRANT

! For full-time, Virginia domiciled students attending a private college or university in Virginia

! Award amount: $3,300 for 2017-2018

! Application due to SU by July 31, 2017

!Once eligible, approved for 8 semesters total

! Student must contact the Office of Financial Aid if any changes in enrollment or residency

FEDERAL DIRECT STAFFORD LOAN

! Must complete Entrance Counseling & Master Promissory Note (MPN) at www.studentloans.gov

! Repayment begins 6 months after graduation or less than half-time enrollment

! Interest Rate: 3.76%; 1.069% Origination Fee

! Two Types of Federal Student Loans:o Subsidized (need-based)o Unsubsidized (non need-based)

FEDERAL DIRECT STAFFORD LOAN

Academic Level Total Loan Amount

Freshman $5,500 (Up to $3,500 may be subsidized)

Sophomore $6,500 (Up to $4,500 may be subsidized)

Junior $7,500 (Up to $5,500 may be subsidized)

Senior $7,500 (Up to $5,500 may be subsidized)

Dependent Undergraduates

FEDERAL DIRECT STAFFORD LOANIndependent Undergraduates or if the parent(s) is not eligible for the Federal Parent PLUS Loan

Academic Level Total Loan Amount

Freshman $9,500 (Up to $3,500 may be subsidized)

Sophomore $10,500 (Up to $4,500 may be subsidized)

Junior $12,500 (Up to $5,500 may be subsidized)

Senior $12,500 (Up to $5,500 may be subsidized)

FEDERAL DIRECT PARENT PLUS LOAN

! Requires credit approval

! Repayment Options:o Payments are typically divided into a ten-year repayment

scheduleo Payment may be deferred until after the student graduates

or less than half-time enrollment

! Can add to the loan amount each year and no penalty for early repayment

! Interest Rate: 6.31%; 4.276% Origination Fee

ALTERNATIVE/PRIVATE STUDENT LOANS

! These loans are not part of the Federal Student Aid Program

! Students must choose a private lending institution

! Credit based; student may be the primary borrower, but a cosigner will be required

! Variable or fixed interest rate; typically based upon the Prime or LIBOR rates

! In most cases, SU will be required to certify the student’s enrollment and eligibility

WORK STUDY JOBS! On-campus positions

! Students work 8-10 hours/week

! Pay starts at $8.20

! Students paid bi-weekly for hours worked

! Amount listed on award letter is the maximum a student can earn

! Students are placed in a job based on completed placement form

Value of Work Study: Student Success

• Built In Support System• Spending Money for Student's Needs• Valuable Skills Employers Desire• Higher Graduation Rates• Higher GPA

Why is it Worth the Investment?

• Shenandoah graduates get jobs!*o Over 67% of graduates are earning $40,000 or more within

3 months of graduationo The median salary for recent graduates is $45,000

• Shenandoah students go to graduate school!o Over 18% of graduates head straight to graduate school

programs around the country

*2015 graduates, 3 month survey, SU Career Services

We Prepare Students ProfessionallySU Career Serviceso Major & Career Explorationo Resume & Interview Preparationo Internship, Graduate School & Job Searcho Etiquette Dinnerso Dress for Successo Career & Job Fairs

We’re Here for You!