CBS Financial Aid Orientation Financial Aid Office Staff

CBS Financial Aid Orientation

Financial Aid Office Staff Roshanna Hardison, Director of Financial Aid Roshanna. hardison@cbshouston. edu 832 -252 -0728 Kimberley Fleming , Financial Aid Advisor Kimberley. Fleming @cbshouston. edu 832 -252 -0731 Sha Toi Newell. Financial Aid Advisor 832 -252 -0710 Shatoi. newell@cbshousotn. edu Sulema Cortez, Financial Aid Associate Sulema. Cortez@cbshouston. edu 832 -252 -0702 Services Financial aid awarding Federal aid and Institutional Aid Office Hours Monday, Tuesday, Thursday 8: 30 am-7: 30 pm Wednesday 8: 30 -6: 00 pm Phone: 832 -252 -6402

Student Accounts Billing If you have any questions related to you student account bill please contact Alberto Salazar 832 -252 -0713. jenny. hernandez@cbshouston. edu You can also email student. accounts@cbshouston. edu

What is Financial Aid? Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses Sources Federal government Veteran’s Affairs States Private sources Civic organizations and churches Employers

FAFSA on the Web site: www. fafsa. gov Can apply every January 1 st for the upcoming award yr. 1. 2014 -15 FAFSA becomes available on January 1, 2014 Sign FAFSA electronically with pin May be used by students and parents throughout aid process, including subsequent school years You will need to use CBS school code: 0034224

Eligibility for Financial Aid Federal aid Have a high school diploma or equivalent or GED Be admitted in the Bachelors or Associates Degree Program Be a US citizen or eligible non-citizen Not be in default on any federal student loan, or owe money on federal student grant Institutional aid All of the above Awarded based on meeting SAP Can also receive if in Bible Certificate Program

FAFSA Processing Results 1. Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 7 to 10 days after FAFSA submitted 2. College reviews ISIR - May request additional documentation, such as copies of federal tax transcript. 4 -6 weeks processing time. Special Circumstances Cannot report on FAFSA Contact you Financial Aid Advisor to discuss Special Circumstances are approved by the Director Of Financial Aid Only

Types of Financial Aid at CBS Pell Grant & Scholarships Does not have to be paid back Awarded based on need and enrollment CBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollment Loans are money you pay back Repayment usually begins after education is finished You must be en rolled at least half time ( 6 credit Hours ) You must not be in default

CBS Online Application and Accepting Awards

Acceptance of Awards

Student Billing (myrecords. cbshouston. edu)

Student Billing (cont. )

Disbursements and Refunds After your fees and any other charges on your CBS student account are paid, any remaining financial aid will be refunded to you by check in the mail. All Refunds are disbursed after Census Date. 30 -45 days from the time of class start Generally, if your financial aid has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately 5 -14 business days later.

Payment Plans Enrollment Go to myrecords. cbshouston. edu Log in Go to “Billing” tab Click on “Make a payment/payment plan” Requirements Automatic bank payment (ACH) Credit/debit card $25 per semester nonrefundable enrollment fee $30 returned payment fee No minimum balance to participate Advantages Easy online enrollment Monthly payment plan Flexible payment options No interest

Book Allowance CBS offers book allowances maximum of $300 Eligibility Requirements : • Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) • All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class • Book allowances are mailed out starting the first week of class

Book Allowance CBS offers book allowances maximum of $300 Eligibility Requirements : • Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) • All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class • Book allowances are mailed out starting the first week of class

Student Responsibilities: PAY ATTENTION TO EMAILS!!! • Always refer to Financial Aid for questions about your financial aid . For questions about your Payment plan and billing account contact Alberto Salazar • You MUST accept your awards in order for aid to be disbursed 1. Loans may be cancelled if not accepted within 30 days • Notify of any enrollment changes (Add/Drop) • CBS reserves the right to correct any errors made on financial aid awards Please be sure your address of record is current • Maintain SAP (GPA and Completion ratio) 1. Grades of F, WA, and I are not considered as satisfactory completion. 2. Warning, suspension, probation

Thank You