Post on 10-Jan-2016
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Understanding Financial Aid and Billing
Presented by the Student Service Center
Understanding Financial Aid and Billing
Presented by the Student Service Center
Financial Aid
Awards and manages internal and external funds including:
Grants
Loans
Scholarships
Work Study
Provides counseling on
alternative and federal loans.
Financial Aid
Awards and manages internal and external funds including:
Grants
Loans
Scholarships
Work Study
Provides counseling on
alternative and federal loans.
Financial Services
Generates and updates bills.
Establishes monthly payment plans.
Counsels students on alternative methods of financing.
Financial Services
Generates and updates bills.
Establishes monthly payment plans.
Counsels students on alternative methods of financing.
Registrar
Sets up and registers students for courses.
Process student transcripts and verification requests.
Makes sure students are clear to graduate.
Maintains academic records.
Attend class?
Registrar
Sets up and registers students for courses.
Process student transcripts and verification requests.
Makes sure students are clear to graduate.
Maintains academic records.
Attend class?
Assists international students by making sure that all proper
documentation is up to date.
International Student Services
Assists international students by making sure that all proper
documentation is up to date.
International Student Services
SSR’s are stationed at the Student Service Center along with regular
counselors from opening until closing. They can help students by:
Answering general inquiries and questions.
Processing incoming documents and payments.
Assisting students with registration for courses.
Responding to phone calls, emails, and voice messages.
Email: ssc@wit.edu Phone: 617-989-4020
Student Service Representatives
SSR’s are stationed at the Student Service Center along with regular
counselors from opening until closing. They can help students by:
Answering general inquiries and questions.
Processing incoming documents and payments.
Assisting students with registration for courses.
Responding to phone calls, emails, and voice messages.
Email: ssc@wit.edu Phone: 617-989-4020
Student Service Representatives
How Will I PAY For It?
But What You Really WantTo Know…
Tuition
Room
Meal Plan
Health Insurance
TOTAL:
$12,000
$5,665
$1,160
N/A
$18,825
$24,000
$11,330
$2,320
$975
$37,650
Cost of Attendance
¹ - Based on double-occupancy room rate.
Semester Year
¹ ¹
² - Charge can be waived.
²
Tuition
Room
Meal Plan
Health Insurance
TOTAL:
$12,000
$5,665
$1,160
N/A
$18,825
$24,000
$11,330
$2,320
$975
$37,650
Cost of Attendance
¹ - Based on double-occupancy room rate.
Semester Year
¹ ¹
² - Charge can be waived.
²
Cost of AttendanceSchool Total Yearly CoA
Wentworth Institute of Technology $37,650
Northeastern University $49,452
Simmons College $42,262
Emmanuel College $46,207
Wheelock College $42,425
Boston College $52,624
Boston University $52,124
Cost of AttendanceSchool Total Yearly CoA
Wentworth Institute of Technology $37,650
Northeastern University $49,452
Simmons College $42,262
Emmanuel College $46,207
Wheelock College $42,425
Boston College $52,624
Boston University $52,124
Health InsuranceMassachusetts law states that all students
enrolled either part- or full-time in an institution of
higher education must have health insurance.
Like many schools, Wentworth pre-bills
students a set health insurance charge for the
year. This insurance can be waived if a student
has prior qualified coverage.
For more information visit:
www.wit.com/ssc/ser/s_healt.htm
Health InsuranceMassachusetts law states that all students
enrolled either part- or full-time in an institution of
higher education must have health insurance.
Like many schools, Wentworth pre-bills
students a set health insurance charge for the
year. This insurance can be waived if a student
has prior qualified coverage.
For more information visit:
www.wit.com/ssc/ser/s_healt.htm
Finalizing Your EducationTo begin reviewing your account, check your financial
aid award on LeopardWeb to determine your balance
due.
To access LeopardWeb…
1
Select Leopardweb
Log In at http://lconnect.wit.edu
2
Finalizing Your EducationTo begin reviewing your account, check your financial
aid award on LeopardWeb to determine your balance
due.
To access LeopardWeb…
1
Select Leopardweb
Log In at http://lconnect.wit.edu
2
Finalizing Your EducationIn LeopardWeb you can…
Calculate your budget with your total aid factored
in.
Accept or decline your financial aid package.
View your required financial aid documentation and
send necessary paperwork back to Wentworth.
To view your aid within LeopardWeb click on “Student
and Financial Aid” “Aid” “Award for Aid Year”
“Award Year 2011-2012”
Finalizing Your EducationIn LeopardWeb you can…
Calculate your budget with your total aid factored
in.
Accept or decline your financial aid package.
View your required financial aid documentation and
send necessary paperwork back to Wentworth.
To view your aid within LeopardWeb click on “Student
and Financial Aid” “Aid” “Award for Aid Year”
“Award Year 2011-2012”
Finalizing Your EducationIf your financial aid changes for any reason a revised-
award postcard will be sent to your address on file. The
revised award will also be immediately viewable on
LeopardWeb.
For assistance deciding what payment option may work
for you, visit: http://borrowsmart.afford.com/
Finalizing Your EducationIf your financial aid changes for any reason a revised-
award postcard will be sent to your address on file. The
revised award will also be immediately viewable on
LeopardWeb.
For assistance deciding what payment option may work
for you, visit: http://borrowsmart.afford.com/
Your E-AwardView Available
AidAccept/Decline Aid
Accept Either Full or Partial
AidView Required/Missing
Paperwork
Your E-Award
View Required/Missing
Paperwork
What Do We Mean WhenWe Talk About Aid?
Federal LoansDirect Stafford
Loan
Direct PLUS Loan
Federal loan taken out in the student’s name and
repayable six months after graduation. There are
Subsidized (interest is paid by the government while
in school) and Unsubsidized (interest is not paid by
the government).
Federal loan taken out in the parent’s name.
Approval is credit-based with fixed interest of 8.5%.
Federal LoansDirect Stafford
Loan
Direct PLUS Loan
Federal loan taken out in the student’s name and
repayable six months after graduation. There are
Subsidized (interest is paid by the government while
in school) and Unsubsidized (interest is not paid by
the government).
Federal loan taken out in the parent’s name.
Approval is credit-based with fixed interest of 8.5%.
Federal Loans
INDEPENDENT UNDERGRAD
First Year $3,500 $6,000 $9,500 $109 $13,120
Second Year $4,500 $6,000 $10,500 $121 $14,500
Third Year $5,500 $7,000 $12,500 $144 $17,262
DEPENDENTUNDERGRAD
BASE SUB & UNSUB
ADD’L UNSUB
MAX SUB & UNSUB
MONTLYREPAYMENT
ESTIMATED TOTAL
First Year $3,500 $2,000 $5,500 $63 $7,595
Second Year $4,500 $2,000 $6,500 $75 $8,976
Third Year $5,500 $2,000 $7,500 $86 $10,376
www.edfund.org
Federal Loans
INDEPENDENT UNDERGRAD
First Year $3,500 $6,000 $9,500 $109 $13,120
Second Year $4,500 $6,000 $10,500 $121 $14,500
Third Year $5,500 $7,000 $12,500 $144 $17,262
DEPENDENTUNDERGRAD
BASE SUB & UNSUB
ADD’L UNSUB
MAX SUB & UNSUB
MONTLYREPAYMENT
ESTIMATED TOTAL
First Year $3,500 $2,000 $5,500 $63 $7,595
Second Year $4,500 $2,000 $6,500 $75 $8,976
Third Year $5,500 $2,000 $7,500 $86 $10,376
www.edfund.org
Federal LoansWhen you accept your Federal Stafford Loan(s) you will
have two requirements before that aid can disburse:
Master Promissory Note (MPN)
Entrance Counseling
www.studentloans.gov
Federal LoansWhen you accept your Federal Stafford Loan(s) you will
have two requirements before that aid can disburse:
Master Promissory Note (MPN)
Entrance Counseling
www.studentloans.gov
Work StudyFunds for students who work on campus and earn
wages. This money is not applied to your tuition.
Applications for student employment occur during the
first week of courses.
Work StudyFunds for students who work on campus and earn
wages. This money is not applied to your tuition.
Applications for student employment occur during the
first week of courses.
Alternative Financing Select a loan provider of your choice.
Adjustable interest rate.
Student is the primary borrower with an eligible co-
borrower.
Credit-based approval.
Deferred payments while in school.
Can borrow up to the cost of attendance minus
financial aid.Visit “Financial Aid” at www.wit.edu/ssc for more
information.
Alternative Financing Select a loan provider of your choice.
Adjustable interest rate.
Student is the primary borrower with an eligible co-
borrower.
Credit-based approval.
Deferred payments while in school.
Can borrow up to the cost of attendance minus
financial aid.Visit “Financial Aid” at www.wit.edu/ssc for more
information.
Understanding
Will Make Life a Breeze
Your E-BillYou can view your charges and
financial aid.You can waive or enroll in Wentworth’s health
insurance.You can view your overall
balance.You can make online payments directly to your
account.
Your E-BillUnderstanding
Will Make Life a Breeze
Your E-BillUnderstanding
Will Make Life a Breeze
Tuition Management SystemTuition Management System (TMS) is a third party that
Wentworth uses to handle official payment plans.
Plans are interest-free.
One-time enrollment charge of $75.
Plans can be set up either yearly (9-12 month
payment) or by semester (4-5 month payment).
Payment made either online or over the phone with
TMS.
www.afford.com
Tuition Management SystemTuition Management System (TMS) is a third party that
Wentworth uses to handle official payment plans.
Plans are interest-free.
One-time enrollment charge of $75.
Plans can be set up either yearly (9-12 month
payment) or by semester (4-5 month payment).
Payment made either online or over the phone with
TMS.
www.afford.com
Bill Due DatesFall 2011
Spring 2012
Summer 2012
Early August
Mid-December
Early April
Bill Due DatesFall 2011
Spring 2012
Summer 2012
Early August
Mid-December
Early April
Questions?
Questions?