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College 101 - Finances

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The deadline to pay tuition and fees for Fall 2021 isMonday, August 23, 2021. If your student’s tuition andfees have not been paid (or if a deferment has notbeen placed on their account) by this date, theirclasses may be dropped. Payment tutorials areavailable on the Bursar’s webpage under “PaymentInformation.” The Student Cashier Centerpresentation within the “Money Matters” module ofonline Parent & Family Orientation is another helpfulresource. Once scholarships and/or deferments have beenplaced on your student’s statement of account, tuitioncan be paid in the following ways:COLLEGE 101J U L Y 1 , 2 0 2 1PAYING FOR SCHOOLF O R U L L A F A Y E T T E P A R E N T S & F A M I L YTHIS NEWSLETTER IS BROUGHT TO YOU BY THE OFFICE OF ORIENTATION AND THE OFFICE OF FIRST-YEAR EXPERIENCE.August 23CONTINUES...

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This is the recommended payment method. Electronic payments can be made throughULink in the form of credit/debit card or electronic check. All forms of majorcredit/debit cards are accepted: Visa, MasterCard, American Express, and Discover.The credit card processing company will charge an additional 2.85% processing fee ifpaying with a card. Payments made with electronic checks do not have any additionalcharges. Payments can be made by joining the payment plan or by paying in full. Visitthe website to learn how to make an online payment and set up a payment plan.ONLINEAs an authorized user, parents or guardians will be given aseparate login link, user name, and password to access theirstudent’s account activity. Authorized users will also receiveemails from the Office of the Bursar regarding payments,statements, and tax forms posted to the student’s account.Due to the Federal Family Educational Rights and PrivacyAct of 1974 (FERPA), the Bursar’s Office is prohibited fromdiscussing student accounts with parents who are notauthorized users. Visit the Bursar’s Office website to viewinstructions on how to become an Authorized User.BY MAILStudents can pay in-person in the Student Union, room 135. Cash, as well as checksand money orders made payable to UL Lafayette, are the only methods of paymentaccepted in person. Payments must be for the full balance of tuition and fees.BECOMING AN AUTHORIZED USERPayments in the form of a check or money order can be mailed to: University ofLouisiana at Lafayette, P.O. Box 44444, Lafayette, LA 70504. Include a printed copy ofthe student’s account activity from ULink. Payment must be for the full balance oftuition and fees and the student’s name and ULID must be written on the memo line ofthe check or money order.IN PERSONDON'T FORGET: TUITION AND FEES FOR FALL 2021 ARE DUE ON AUGUST 23!

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Please note that refunds will only be made through the original method of payment andcannot be picked up in the office. Direct deposit is the suggested refund method as it is thefastest and safest way to collect refunds. Refunds by check are also possible but take roughly3-5 business days longer to receive. If a check is lost in the mail, the student will have to wait30 days before a replacement check can be issued. The Student Disbursement Center is located in the Student Union, room 135 and can bereached by email at bursar@louisiana.edu or by phone at 337-482-6241. Another financial resource on campus is the UL Lafayette Federal Credit Union which offerschecking and savings accounts, mobile banking, and convenient ATMs for students.If your student is expecting to receive a refund, they can have their refund directly depositedinto their checking account. Refunds are disbursed through the Student Disbursement Center.Students may receive refunds for the following reasons: REFUNDSOverpayment on loans, grants, or scholarships after all University chargeshave been paidDropping a class during the schedule adjustment (drop/add) periodResigning from the University before the deadlineFINANCIAL AIDPaying for college can be stressful, but the Financial Aid Office is here to help! Studentsshould contact the Financial Aid Office at finaid@louisiana.edu with any questions that theymay have about their aid. It is critical that students check their university email regularly, asthis is how the Financial Aid Office will be communicating with them about any outstandingrequirements and important updates. The “Money Matters” module of Online Parent & Family Orientation also contains helpfulfinancial aid information including a presentation and estimated costs worksheet.

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Students must complete the Free Application for Federal Student Aid (FAFSA) and indicatethe UL Lafayette school code: 002031. The FAFSA considers eligibility for grants, loans, andfederal work study. Processing time may vary depending on the documents requested and usually averages 2-4weeks. Students should continue to check their financial aid status on the “Tuition &Financial Aid” tab in ULink, as well as their university email weekly for an updated status.Once their application is complete, students will receive an award email notification toaccept their awards in ULink. In general, most financial aid is posted to students’ accounts at the start of the semester. Thishappens when all outstanding requirements are satisfied, the student has accepted theiraward offer in ULink, completed their direct loan entrance counseling, and signed theirmaster promissory note (if they have accepted a loan). Any financial aid would then be postedto the student’s statement of account to pay on their balance. However, depending on thestatus of their application and/or when they submit their financial aid information forprocessing, their financial aid may post later in the semester.The university has a payment plan option that can be used to pay any remaining balance forthe semester. Other loan options may be available depending on your eligibility, such as theParent PLUS Loan for dependent students, private or alternative loans, or personal loans. Satisfactory Academic Progress (SAP) is the academic progress a student is required to makein order to keep financial aid. This consists of earning a percentage of hours in course loadand maintaining certain GPA limits through the academic year.FINANCIAL AID FAQ'SHow do students apply for federal financial aid?How long does it take to process financial aid paperwork that has been submitted?When will my student's financial aid post to their account?What are my student's options for paying their remaining balance?What is satisfactory Academic Progress?Click here to read the full list of Financial Aid Frequently Asked Questions!