Money Matters WHAT SFS DOES FOR STUDENTS AND PARENTS Student - PowerPoint PPT Presentation

Money Matters

WHAT SFS DOES FOR STUDENTS AND PARENTS • Student Accounts/Billing • Need-Based Financial Aid • Scholarships and Military Educational Benefits Processing • Financial Counseling for Students • Cashiering 2

HOW TO REACH US • Email: sfs@virginia.edu • Phone: (434) 982-6000 • Website: https://sfs.virginia.edu • Our staff are available M – F, 9am – 5pm, except Tuesdays, 10am – 5pm 3

HOMEWORK FOR PARENTS AND STUDENTS • Student sets up parents as Authorized Users in UVAPay • Student completes all To Do List items in SIS Student Center • Student signs up for Direct Deposit in SIS • Student completes Student Health Hard Waiver • Parents and students follow UVASFS on Twitter and Instagram, and like us on Facebook 4

WHAT YOU GET AS AN AUTHORIZED USER • Term charges notification (around mid-July and mid- December each year, normally) • New charges and past due charges notifications • Reminder emails about critical deadlines • Pay charges 24/7/365 • View student account • Sign up for a payment plan 5

UVAPay

UVAPAY • Term charges are available online only, in July and December. No paper bill sent to student or parent. • Students access UVAPay through SIS (http://www.virginia.edu/sis) • Parents and others access UVAPay through Payer Portal at https://virginia.myonplanu.com/login 7

UVAPAY LANDING PAGE 8

ACCOUNT ACTIVITY IN UVAPAY 9

WHAT DO THE TERM CHARGES LOOK LIKE? 10

Payments and Credits

PAYMENTS YOU INITIATE • UVAPay by electronic check. This is our recommended method! No money market, brokerage, or 529 accounts through UVAPay • UVAPay by credit card, with a 2.75% merchant fee (MC, AMEX, DISC, but not VISA) • Mail a check, with remittance advice or student id on memo line (not recommended, generally) 529 savings plans (you contact them directly, then they usually send a check to us) • • State pre-paid plans (you contact them directly, then they let us know) Semester payment plan (you set this up in UVAPay each semester you want it) • 12

SEMESTER PAYMENT PLAN • Enrollment available only through UVAPay, and only for fall or spring terms Budget and enroll by semester. Sign up through August 5 th for fall for a 3-month • plan • Budget for direct charges – tuition, fees, housing, and dining • $45 per semester registration fee. No interest is charged, but you need to sign up every term you want to use it • 3, 4, or 5-month plans available, depending on when you sign up • Details at http://sfs.virginia.edu/payplan 13

PAYMENTS PENDING AS ANTICIPATED CREDITS The payment types below may show as an anti ticipat cipated ed credit it prior to and even after the term charges are due. If you see an anticipated credit, know that you don’t have to pay that amount by the due date in order to keep the account in good standing. Only pay whatever balance might remain after accounting for the anticipated credit. • Financial aid, including accepted loans and grants (but t not ot wo work study! y!) Outside scholarships http://sfs.virginia.edu/forms/2021 • Military Educational Benefits www.virginia.edu/registrar/vabenefits.html and • http://sfs.virginia.edu/military/veterans 14

HOW AND WHEN FINANCIAL AID CREDITS THE STUDENT ACCOUNT • Will credit no earlier than August 17th for the fall 2020 term (federal regulations prevent us from doing it any earlier) • Loans will credit the amount borrowed minus the origination fee • Federal Work Study is not considered anticipated aid! • More information about financial aid 15

REFUNDS OF CREDITS • Sign up for direct deposit • Refunds begin processing the first week of classes • Keep mailing addresses in SIS up to date to avoid delays 16

Here to Help

WHAT IF SOMETHING GOES WRONG? “Wait, charges were due when?” • • Contacted 529 plan too late • Tuition Insurance • In any event, call us as soon as you can. Don’t wait until the week the charges are due. We want to help! 18

COVID-19 • In-person services • Appeals for financial aid • Still many moving parts 19

Your Path to Success

FINANCIAL WELLNESS • Support to ensure students are informed and make good financial decisions • Peer financial counseling service, free to all students • Online programming throughout the year. Follow us on social media to stay informed. 21

HOMEWORK FOR PARENTS AND STUDENTS • Student sets up parents as Authorized Users in UVAPay • Student completes all To Do List items in SIS Student Center • Student signs up for Direct Deposit in SIS • Student completes Student Health Hard Waiver • Parents and students follow UVASFS on Twitter and Instagram, and like us on Facebook 22

LOOKING AHEAD TO NEXT YEAR • Financial aid application available October 1 each year • FAFSA • CSS/PROFILE • Don’t miss financial aid application deadline of March 1 each year • Spring 2021 term charges mid-January, 2021 23

THIS IS WHY

CONTACT INFORMATION AND RESOURCES FOR PARENTS • http://sfs.virginia.edu/starthere • (434) 982-6000 • sfs@virginia.edu • www.twitter.com/UVaSFS • www.facebook.com/UVaSFS • www.Instagram.com/uvasfs 25