4. Topics To Be Discussed
• Federal Work Study Program and the Student
Employment Process
• Student Information System (SIS)
• Student Loan Programs
• Federal Loans
• Private Loans
• Loan Application Process
5. Federal Work Study
• Federal Work Study is an optional program
• A Federally funded need-based program included in
the student’s financial aid package
• Is not applied to direct costs
• Priority in the job placement process
• Work-Study Job Fair – September 5, 2012
• Earnings are excluded from upcoming year’s student
contribution
• Students not eligible for FWS can still work on campus
• Documents needed for the Employment Application
6. Basic Pay Information
• Campus minimum wage is $9.20 per hour
• Students are paid twice a month
• Direct deposit is the preferred method of payment
• Maximum hours a student can work per week = 20
Average is 8 to 10 hours per week
• May work up to 40 hours per week during long
breaks (i.e. Winter break and Summer)
• http://jobbss.case.edu
8. Student Center
• Academic and Financial Information
• Payment Deadlines:
•Fall semester: October 5, 2012
•Spring semester: March 8, 2013
• Finances
•Account Activity
•Payments
•Pending Financial Aid
•Other Financial
9. Student Center
•Set up an authorized user account for access to:
•Student Finances
•Academic Info
•Student Center
• Authorized user with financials access can view the
bill, billing history, account activity, pending aid and
can make an online payment
• The university automatically charges a health fee
11. Financial Planning with your Student
• Planning for four years
• Communicate the importance of:
• Credit Score
• Credit Card
• Budgeting
• Etc.
• Encourage your students to attend the financial
literacy presentation Thursday at 10am in Nord 400
12. Financing Your Education
•What are your options after you have exhausted the following?
• Savings
• Assistance from Parents/Other(s)
• Scholarships
• State and Federal Grants, if eligible
• Work-Study, if eligible
13. Subsidized/Unsubsidized Direct
Student Loans
• Subsidized program – need-based
• Unsubsidized program – not need based
• Both programs require the filing of the FAFSA as a
prerequisite step
• Student is the borrower and is solely responsible for
repayment
• Repayment starts six months after leaving CWRU or if the
student drops below half-time status
14. Direct Loan Application Process
• Loan instructions were mailed in June directing
students to the www.studentloans.gov
• Master Promissory Note (MPN) - The MPN will permit
Direct Loan borrowing in subsequent years.
• Entrance Interview provides information on the
borrower’s rights and responsibilities.
15. Federal Perkins Loan
• Student loan; need-based; subsidized
• Limited dollar program for colleges
• Has a nine-month grace period prior to start of repayment
• The student will receive an e-mail from ECSI to their CWRU
e-mail account with a link to www.ecsi.net to e-sign their
promissory note. The loan must be accepted by the student
to receive this e-mail.
16. Parent PLUS Loan
• Federal Loan, not subsidized, not need-based
• Amount cannot exceed cost of attendance minus other aid
• PLUS Loans do not show up under pending aid in SIS
• Parents will log onto www.studentloans.gov to complete:
• Parent PLUS application
• MPN
• PLUS Loans are disbursed at the beginning of each semester;
please apply for the full amount you anticipate needing for
the academic year
• Only the disbursed amount starts accruing interest
• Credit based loan – may be eligible for additional
Unsubsidized Direct Loan if denied
17. Private Loans
• Lender List at financialaid.case.edu
• Private Loans usually have additional steps and can
take between 2-4 weeks to disburse
• Loan proceeds will be disbursed to the student’s
account after classes have begun and all requirements
fulfilled
• Other bank loans (i.e. Home Equity Line of Credit)
18. Managing Your Loans
• Read, understand, and save all loan documentation.
• While in school, use SIS Student Center to view your
tuition account history.
• Federal loans will be viewable on www.nslds.ed.gov
and all loans on your credit report.
• Contact a Financial Aid Counselor with any questions
on your award or student loans.
19. Contact Information
Office of University Financial Aid
Yost Hall 417A
216-368-4530
financialaid@case.edu
Office of External Loans
Yost Hall 417
216-368-6153
faloans@case.edu
Office of Student Employment
Yost Hall 410A
216-368-4533
stu-emp@case.edu
BURSAR: Student Accounts Receivable
Yost Hall 115
216-368-2226
bursar@case.edu
Notas del editor
Cell phones offSave questions to the endPresentation is posted online
Online information: Award Acceptance, Documents required, any messages
Mailing was sent out to all FWS recipients on August 10Documents that are needed for employment application; we must see original documentsMoney earned can be used to pay current year educational expenses
Bursar’s Office will be at the Info Fair to answer questions about billing and making payments
Where they are in the processIf not awarded Unsub loan, still eligible; contact faloans
If you still need assistance in funding your child’s education, you can still borrow the Federal PLUS Loan at this point or later in the school year
