Money Matters
Finance News
2009-2010
tuition rates and fees.
Find out when,
where, and how to pay tuition.
Rates for room
and board are posted on the Housing and Residential Life
Web site.
Current transportation costs, including parking rates and busing
options, can be found at the Parking
and Transportation Services Web site. See www.umn.edu/pts/upass.htm for
information about the U-Pass, a discount bus program for University
students.
Seminar for
Parents: College Finance
Seminar for
Parents: College Finance includes talking points and information for working with your student about successfully
navigating their finances during college.
E-bills/UM Pay
The University uses an electronic billing and payment
system. Students have the option of paying
their bill online electronically by transferring funds from a checking
or savings account. They can also allow authorized users (this
is different from Parent/Guest access), such as parents, to view
and
pay tuition bills on their behalf. Students
can authorize a parent
or other party to view and pay their bill by assigning a log-in
name
and
password
for
each
payer.
When
the
payer accesses the e-bill/e-pay system, he or she must change the
password. As authorized payers, parents can transfer
funds from their checking or savings account to the student account
or charge a payment to their MasterCard, DISCOVER, or American
Express credit card. The University of Minnesota does NOT accept
VISA for tuition payments. All credit/debit card payments are
subject to a nonrefundable 2.75 percent service charge.
Payments can be made by mail as well. Students can forward bills
to parents in an e-mail attachment, or they can print off the bills
and provide a printed copy to their parents.
For more information on e-bills and e-payments, see the following
Web site: http://onestop.umn.edu/onestop/Tuition_Billing/UM_Pay.html.
Financial
Aid, Scholarships, Loans, and Education Tax Benefits
Parents' Frequently Asked Questions
One Stop Student Services has come up with a list of the most
frequently asked questions.
 Financial
Aid
Free Application for Federal Student Aid (FAFSA).
En Español—FAFSA:
Solicitud Gratuita de Ayuda Federal para Estudiantes.
Financial Aid Guide
Find out more about how to apply for financial aid and scholarships,
determine aid eligibility, locate aid alternatives, and more on
the financial
aid Web pages.
Scholarships
A list of merit-based, campus-wide
or college-specific
scholarships can be found on the Admissions
Web site.
Additional scholarship opportunities are listed
on the student One
Stop site, including a scholarship search for current
undergraduates. The search matches University of Minnesota,
Twin
Cities, scholarships with a students' profiles
to give them an individualized list of scholarships for which
they may be able to apply, brief scholarship descriptions, and
links to where they can learn more.
Loans
PLUS Loans
Questions and answers for parents
about the Parent Loan for Undergraduate Students (PLUS).
Education
Tax Benefits
The University of Minnesota provides an Education
Tax Benefits Web site for University of Minnesota students
and their parents who may be eligible for education related tax
breaks, including the Hope Scholarship Tax Credit, Lifetime Learning
Tax Credit, and Student Loan Interest Deduction.
Protecting
Your Finances
One Stop Student Services encourages students
to be aware of different types of scams and fraud.
The U.S. Department of Education also encourages students to be
alert to identity
fraud.
Beware of Scholarship
Fraud
The Minnesota
Attorney General's office urges families to beware
of fraudulent college financial aid schemes.
The federal
government provides additional information about scholarship scams. En
Español
Student
Employment
See information about
on- and off-campus jobs, work-study, and the documentation students
need when they
begin working.
Past Articles of Interest
Affording college during a recession
Finance
Tips from the Office of Student
Finance
Boynton offers free financial
counseling to students
Students and Credit Cards: Parent
Response
Parents' Voices of Experience: Advising
Students on Finances, Credit Cards, and Spending
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