STUDENT FINANCIALS 101 MONEY MATTERS

STUDENT FINANCIALS 101 MONEY MATTERS

STUDENT FINANCIAL AGREEMENT Before a student can register, the student must e-sign a Student Financial Agreement. This is, in general, a promise to pay for all charges posted to the student s account.

GRANTING ACCESS TO OTHERS (STUDENT VIEW)

HOW TO LOG ON

WHAT YOU SEE WHEN YOU LOG ON (PARENT VIEW)

VIEW e-z BILL

VIEW e-z BILL - MESSAGES

VIEW e-z BILL LINKS

Billing and Due Dates Up to Five Payments Per Semester No paper bills only email notifications to student and designated others. Beginning in July, billing is done the 11 th of each month unless that falls on a weekend or holiday then it is the next business day after. The bill is always due on the 1 st of the next month, therefore, your first payment is due by AUGUST 1 st. What payment options are available? 1. Pay in Full (No Payment Plan) 2. Automatic Payment Plan

NO PAYMENT PLAN Must pay at least the minimum due AUGUST 1 st (minimum amount due is basically = 1/5 th Tuition, Fees, Room, Meal Plan, Health Insurance - Anticipated Financial Aid). To avoid automatic payment plan Pay the remaining total amount due by SEPTEMBER 1 st.

PAYMENT PLAN 3 Remaining Payments Per Semester How to enroll? Enrollment is automatic if you have not paid your bill in full by September 1 st (for Fall) or February 1 st (for Spring). What is the Payment Plan Fee? A percentage (with $100 maximum per semester) of remaining tuition, fees, room, board, and health insurance charges. Students will receive a Truth-In-Lending (TIL) statement in September and February regarding the amount to be financed. DO NOT PAY from the TIL statement.

SPRING AND SUMMER Billing for Spring begins December 11 TH and the first payment is due January 1 st. To avoid the payment plan for Spring, pay the total amount due by February 1 st. If on the payment plan, the remaining payments are due March 1 st - May 1 st. If your student attends summer school, there is no payment plan for summer. All classes will be due as billed regardless of the class start date. This means you could owe for Summer starting May 1 st.

LATE FEES The Minimum Amount Due must be paid by the due date. Holds are placed on the account if the payment is not received by the due date. A LATE FEE (1% of the payment or a minimum of $7.50) will be assessed if the minimum is not paid within 10 days of the due date.

CONSEQUENCES IF MINIMUM IS NOT PAID BY THE DUE DATE No Advance Registration for additional classes (current or future terms). ID card cannot be used to charge at the bookstore, vending machines, campus cash, frog bucks, etc. No future housing sign-up No transcripts allowed It s early, but students cannot graduate with a balance due!

MAKING PAYMENTS On-line via TCU s website Mail TCU Box 297077 Checks only (payable to TCU and please include TCU ID number) Set TCU up as payee in on-line banking. Pay in person by cash, cashier s check, check, money order in Sadler Hall, Room 2011. Wire payments

PAY ONLINE

ONLINE PAYMENTS

ONLINE PAYMENTS Keep Calm and Click Continue

ONLINE PAYMENTS Web-Check No Extra Fees Debit or Credit Card Extra 2.85%

Web-Check payments NO FEE ONLINE PAYMENTS Debit Cards do incur a 2.85% non-refundable fee (see NO FEE option above) Credit Cards: American Express, Discover, MasterCard, VISA with a non-refundable 2.85% Transaction Fee (separate line item on credit card statement) Please Note: Our payments are not real time, payments made by 3 PM CST are posted the same day 7 days a week, payments made after 3 PM are posted the next day by 4:30 PM.

DEWAR TUITION INSURANCE REFUND PLAN $176 Per Semester (Fall/Spring only) Covers tuition not refunded under TCU Policy 80% Refund must submit claim form to Dewar (must be for qualified medical reason). Beginning 7/1/18, students can opt out of this coverage - opt out is good for the spring as well, but can opt back in before deadline. Deadline to opt in/out is Friday, August 24 th Students can also opt in/out for Spring.

WAIVING TUITION INSURANCE

WAIVING TUITION INSURANCE

WAIVING TUITION INSURANCE Slide button to Yes and then Save

REFUND REQUESTS Refunds are available when excess funds are on account Refunds will be issued according to Title IV regulations Credits must first be refunded to Credit Card if payment(s) was made with credit card during the previous 6 months Refunds MUST be requested online Refunds can be made to student s bank account (Must set up Direct Deposit) Cash refunds up to $100 per day Sadler Rm. 2011 Refunds are issued once a week (deadline to request a refund is noon Monday to get funds that same Friday)

THIRD PARTY BILLING If your account is paid for by a third party, you must let us know. We will then place a credit on the student s account and bill the agency. Examples: Texas Guaranteed Tuition Plan (also known as Texas Tomorrow Fund) - cori.smit@tcu.edu Post 9/11Yellow Ribbon - cori.smit@tcu.edu Army ROTC - p.james@tcu.edu Air Force ROTC - p.james@tcu.edu

529 PLANS Contact the Administrator of the Plan Determine if funds will be sent to you or directly to TCU (most come to TCU) Funds can be sent to TCU by check or wire (most are by check) All correspondence must include the student s TCU ID number

PRIVATE COLLEGE 529 PLAN Contact Oppenheimer Funds (Holder/Administrator of this Plan) Obtain Withdrawal Form on-line or toll-free number Oppenheimer Funds will verify eligibility and notify TCU to expect payment Oppenheimer Funds will send payment directly to TCU

THINGS TO REMEMBER Students should Grant Access to anyone that will ask about their bill (up to 3). If not wanted, waive Dewar Insurance by 8/24/18. If not wanted or needed, waive Student Health Insurance by 8/24/18.

THINGS TO REMEMBER Bills are emailed from finserv@tcu.edu around the 11 th of the month with a direct link to the online payment screen. Example Email: Total Amount Due = Pay the account total in full Minimum Amount Due = Payment Required to Keep Account Current

THINGS TO REMEMBER Online payments made before 3:00 pm CST will not post until 4:30 pm the same day, payments made after 3:00 pm will post the next day at 4:30 pm. If you mail a payment, please always include the student s TCU ID number.

Student Financial Services Sadler Hall Suite 2011 Phone: (817) 257-7836 Email: finserv@tcu.edu Website: https://vcfa.tcu.edu/student-accounts/ Hours (Monday Friday) Walk-In: 8:30 AM 4:00 PM Phone: 8:00 AM 5:00 PM.

Questions? Q & A