Financial Service Center Presentation

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Financial Service Center Presentation

• Presented by
• Malina Heng
• Financial Aid Counselor
• David Jenkins
• Manager, Office of the Bursar

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Summary Slide

• Student Financial Aid Presentation

Confidential - Internal
Distribution
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Financial ServiceCenter

• Bursars Office
• www.umd.edu/bursar
• Financial Aid Office
• www.financialaid.umd.edu
• 1135 Lee Building
• 830 am 430 pm M - F
• Local number
• (301) 314 - 9000
• Toll Free Number
• 1-888 - 313 - 2404

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What do I need to know?

• Students should be aware of the financial aid
  package.
• It is still possible to receive Federal Financial
  Assistance.
• Packages along with other important info can be
  viewed on-line.

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For Your Information

• Current information may be viewed on Testudo at
  www.testudo.umd.edu. Click on Parent Access
• Student Bills Will be issued after registration
  or other activity and are available at
  www.umd.edu/bursar after July 25th.
• Sign up parents to receive your electronic bill
  no paper bills
• Fall 2009 invoices are due August 20th.
• Payments can be made online at www.umd.edu/bursar

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Student Budget 2009-2010

• IN - STATE
• Tuition Fees 8,053.00
• Room 5,549.00
• Board 3,828.00
• Personal Expenses 3,024.00
• Books Supplies 1,025.00
• TOTAL 21,479.00
• OUT- OF - STATE
• Tuition Fees 23,989.00
• Room 5,549.00
• Board 3,828.00
• Personal Expenses 3,024.00
• Books Supplies 1,025.00
• TOTAL 37,415.00

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Alternative Sources of Paying for College

• Parent Plus Loan
• - Parents are solely responsible.
• - Not guaranteed, based on the Borrowers
  credit history.
• - 8.5 fixed Interest rate and repayment period
  begins 60
• days after final disbursement.
• - Process is initiated through the University
• Alternative Loan
• - Student is responsible unless there is a
  cosigner
• - Interest rate and repayment terms are
  specified by the lender.
• - Process is initiated with the lender
  directly.
• Terp Payment Plan
• - 10 month plan (enrollment fee 50.00)
• - 8 month plan (enrollment fee 80.00)
• - 4 or 5 month plans (enrollment fee 45.00)

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Things to know

• Books
• -Be prepared to pay out of pocket. No vouchers
• Stafford Loans
• -Entrance Interview
• -Promissory Note
• Refunds
• -If all charges are paid, a refund can be issued.

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Visit Us

• On Campus
• 830 to 430 Monday through Friday 1135 Lee
  Building
• On-Line
• Financial Aid Office
• www.financialaid.umd.edu
• Email umfinaid_at_umd.edu
• Bursars Office
• www.umd.edu/bursar
• email billtalk_at_umd.edu
• By Phone
• -Local number (301) 314 - 9000
• -Toll Free Number 1-888 - 313 - 2404