STUDENT FINANCIAL LITERACY BURSARSTUDENT ACCOUNTS Where We Are
STUDENT FINANCIAL LITERACY ‘ BURSAR/STUDENT ACCOUNTS
Where We Are Located & What We Do • • • Where 2 nd floor of the Administration Building (next to Stony Bones) Student Accounts Office • Post charges to your student account ‘ • Process Residency appeals • Issue invoices Bursar’s Office • Process Payments • Issue “refund” checks 2
Tuition & Fees + Room & Board In-State Undergraduate Tuition & Fees $5, 087. 40 Room & Board $6, 925. 00 TOTAL: $12, 012. 40 ‘ Out of State Undergraduate Tuition & Fees $13, 922. 40 Room & Board $6, 925. 00 TOTAL: $20, 847. 40 47% of College Students feel unprepared to manage their money *2019 Everfi Money Matters on Campus Report 3
Stony Brook’s 2018 -19 undergraduate in-state tuition & fees are the lowest among public research universities in the Northeast Tuition Pittsburgh Fees 18, 130 Pittsburgh New. . . 15, 140 New. . . 17, 416 Penn State Vermont 15, 936 Vermont Massachuse. . . 15, 406 Massachus. . . Connecticut 12, 848 950 3, 359 1, 038 2, 340 481 Tuition & Fees Pittsburgh 19, 080 New. . . 18, 499 Penn State 18, 454 Vermont 18, 276 ‘ Massachuse. . . 15, 887 15, 730 Connecticut 2, 882 Connecticut 3, 088 Rutgers 11, 886 Rutgers Rhode Island 12, 248 Rhode Island 1, 890 Rhode Island 14, 974 14, 138 Buffalo 6, 870 Buffalo 3, 229 Buffalo 10, 099 Binghamton 6, 870 Binghamton 2, 934 Binghamton 9, 804 Albany 6, 870 Albany 2, 886 Albany 9, 756 Stony Brook 6, 870 Stony Brook 2, 755 Stony Brook 9, 625 Source: IPEDS Data Center
This Is Your Student Account • You are creating a financial contract with the University • Regardless of who pays, you are responsible for your invoice • Bills are sent to your @stonybrook. edu e-mail in early July. Due August 15. NO PAPER‘ BILLS • You can create delegated user accounts for family members 5
This Is Your Student Account • Messages and reminders are sent to your SOLAR account • These messages contain brief instructions or information about your holds ‘ • ”Refunds” are sent to the bank account or address you designate • This is done through your SOLAR page under the Campus Financials section 6
This Is Your Student Account • We want to help you focus on your degree and worry less about the cost • The first steps start with you and your family. • Click “Share My Information” ‘ 7
Paying For College • Sit down and talk about money • With a family member, with a mentor, with a friend • Complete the FAFSA • Check your To. Do List • Create a plan for each semester ‘ • Costs can increase each year • Look for scholarship opportunities • Will your schedule permit a part time job? • On campus jobs go quickly, you need to make this a priority 8
Where You Should Look For Answers • Social Media? • Money Smarts Seawolves • An entire program dedicated to your financial literacy ‘ • Staff Members who work in the office related to your question • You have a right to understand the answers given • Elevate your question if needed 9
Where You Should Look For Answers • You Belong Here • Always Be Your Own Advocate • Get Everything in Writing • Follow up verbal conversations with‘ e-mail confirmations • “Per our conversation……. ” • Who should I contact next? What are the next steps? • Get the names, get the phone numbers 10
Your Bill • First Invoice: 1 st week of July • Due August 15 th • TOPP: four equal installments due on the 15 th • August, September, October, November • What Happens if you can’t pay? • Finish out the semester ‘ • Can’t enroll in the next term, can’t get a transcript • Collections Activity Begins • Don’t Wait, Talk To Us 11
Steps To Continue Your Success • Talk about paying for college with your family • Have a SOLID Plan • Ask Questions • Early and Often • Be Your Own Advocate • Check your E-Mail and SOLAR messages ‘ • Create a Delegated User so someone is in this with you Experian: Q 1 2019 12
Next Steps • The Next Two Months: 1. Sign up for classes/room/meal, etc, 2. Create delegated users 3. receive invoice & sit down with family 4. pay invoice or sign up for the Time Option Payment Plan by August 15 th ‘ 5. Arrive on campus 6. Do your best 7. Repeat for the next 7+ semesters 13
Names and Numbers • Erik Andersen: Bursar & Director of Student Accounts • 631 -632 -9316 • Erik. Andersen. [email protected]. edu • [email protected]. edu ‘ • For questions about your invoice • b[email protected]. edu • For questions about payment, refunds 14
STUDENT FINANCIAL LITERACY ‘ BURSAR/STUDENT ACCOUNTS Questions?
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