Student Financial Literacy and Bursar Services at Stony Brook University
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
I
n
-
S
t
a
t
e
U
n
d
e
r
g
r
a
d
u
a
t
e
Tuition & Fees
$5,087.40
Room & Board
$6,925.00
TOTAL:
$12,012.40
O
u
t
o
f
S
t
a
t
e
U
n
d
e
r
g
r
a
d
u
a
t
e
Tuition & Fees
$13,922.40
Room & Board
$6,925.00
TOTAL:
$20,847.40
3
47% of College Students feel unprepared to manage their money
*2019 Everfi Money Matters on Campus Report
Stony Brook’s 2018-19 undergraduate in-state tuition & fees
are the lowest among public research universities in the
Northeast
Source: IPEDS Data Center
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I
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•
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
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I
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Y
o
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t
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•
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
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s
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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 ToDo 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
10
Your Bill
•
First Invoice: 1st week of July
•
Due August 15th
•
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
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
12
12
Experian: Q1 2019
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
13
Names and Numbers
•
Erik Andersen: Bursar & Director of Student
Accounts
•
631-632-9316
•
Erik.Andersen.1@stonybrook.edu
•
Studentbilling@stonybrook.edu
•
For questions about your invoice
•
bursar@stonybrook.edu
•
For questions about payment, refunds
14
14
STUDENT
FINANCIAL LITERACY
BURSAR/STUDENT ACCOUNTS
Questions?
BWG Presentation - 19/20
Providing a comprehensive overview of financial services at Stony Brook University, including details on student accounts, tuition and fees, and the importance of financial responsibility. The university offers support for managing finances, issuing invoices, processing payments, and handling refunds efficiently. Students can access their accounts online and receive important notifications through the university's system.
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Presentation Transcript
STUDENT FINANCIAL LITERACY BURSAR/STUDENT ACCOUNTS
Where We Are Located & What We Do Where 2ndfloor 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 Room & Board TOTAL: $5,087.40 $6,925.00 $12,012.40 Out of State Undergraduate Tuition & Fees Room & Board TOTAL: $13,922.40 $6,925.00 $20,847.40 47% of College Students feel unprepared to manage their money *2019 Everfi Money Matters on Campus Report 3
Stony Brooks 2018-19 undergraduate in-state tuition & fees are the lowest among public research universities in the Northeast Tuition Fees Tuition & Fees Pittsburgh Pittsburgh 950 Pittsburgh 18,130 15,140 17,416 15,936 15,406 12,848 11,886 12,248 6,870 6,870 6,870 6,870 19,080 18,499 18,454 18,276 15,887 15,730 14,974 14,138 10,099 9,804 9,756 9,625 New Hampshire Penn State Vermont Massachusetts Connecticut New Hampshire Penn State Vermont Massachusetts Connecticut 3,359 1,038 2,340 481 2,882 3,088 1,890 3,229 2,934 2,886 2,755 New Hampshire Penn State Vermont Massachusetts Connecticut Rutgers Rhode Island Rutgers Rutgers Rhode Island Buffalo Binghamton Albany Stony Brook Rhode Island Buffalo Binghamton Albany Stony Brook Buffalo Binghamton Albany Stony Brook 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 ToDo 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: 1st week of July Due August 15th TOPP: four equal installments due on the 15th 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: Q1 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 15th 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.1@stonybrook.edu Studentbilling@stonybrook.edu For questions about your invoice bursar@stonybrook.edu For questions about payment, refunds 14
STUDENT FINANCIAL LITERACY BURSAR/STUDENT ACCOUNTS Questions?
