FINANCIAL AIDR E
ui n i e r it o f ,' of I ffic for c e S student
i n n c ia I f f a ir
01-02, volume 3
Confused About Summer
Requirements for Aid?
Steps to Get Your Direct
Fall, spring, or summer, here's what you need
to do. If you have been awarded a loan, all
steps below must be completed before your
loan can be disbursed. Be sure you understand
the difference between step 1 and step 2, since
they are both completed at different Web sites
and require the use of a different PIN.
1 Go to the U.S. Department of Education
Master Promissory Loan (MNP) Web site at
dlenote.ed.gov/ to complete an MPN. Use your
Federal PIN. You only need to do this once for
all Federal Direct loans at UF, so if you have an
MPN on file you don't need to repeat this step.
If you aren't sure you have one on file, be on
the safe side. Go to the site to check.
2. Complete the Federal Direct Loan
Confirmation requirement at
www.isis.ufl.edu/. Go to ISIS, choose
"Financial Information, "then choose "Federal
Pell Grant: Are You Eligible f
You may have remaining Pell Grant
eligibility for summer if you haven't yet
received 100% of your Pell eligibility because
you only attended the university part-time, or
for only one term so far this academic year.
You can check with your financial aid adviser
in S-107 Criser Hall to see if you are eligible
for Pell Grant funds this summer.
The Pell Grant program does not require
Loan: See Inside!
Aid Direct Loan
Confirmation." Use your UFPIN. You must
confirm your loan for EVERYsemester you
receive a Direct Loan.
3 If you are borrowing for the first time, you
must complete online Direct Loan Entrance
Counseling at: www.isis.ufl.edu. Choose
"Financial Information, "then "Entrance
Counseling." If you have questions, contact
University Financial Services in S-108 Criser at
(352) 392-0738 and ask for Debt Management.
4. Be sure you are enrolled at least half time:
at least six hours in Summer A, B, and/or
C for undergraduates, four hours in Summer A,
B, and/or C for graduate students. During
summer, the sessions for which you enroll
also determine when you will receive your
loan. See "Summer Enrollment and
Disbursement" below for more information.
Pell Grant Application Deadline for
2001-02: July 1, 2002
The Federal Processor must receive your
Free Application for Federal Student Aid
FAFSA by this date.
half time enrollment to receive funds. Pell
funds are pro-rated according to the number of
hours for which a student is enrolled.
Summer Enrollment & Disbursement
The sessions for which you
enroll (Summer A, B,
and/or C) and the number
of hours for which you
enroll in those sessions
determine when you
receive your financial aid-
during summer Aor B.
To receive funds in
Summer A(with the
exception of Pell Grants),
undergraduates must enroll
for at least six credit hours
in Summer A and/or C,
Examples of various undergraduate enrollment choices and
when students receive their funds.
6 or more hours
3, Sum C = 3
5, Sum C 1
3, Sum A 2, Sum B
3, Sum B = 3
4, Sum B = 6
6 or more
6 or more
3 Sum A,
and graduate students for at least four credit hours in Summer A and/or C
Sum ASum B
Sum A, Sum B
Sum A, Sum B
Cont'd., page 2
H e l p i n g Stu d e n t s Be Successful
Pell Grant 2001-02 Application
JULY 1, 2002
Summer A Short-Term Loan
JULY 26, 2002
Summer A/B/C Deferred Fee
AUGUST 1, 2002
Summer B/C Short-Term Loan
AUGUST 26, 2002
Fall Classes Begin
OCTOBER 15, 2002
Last day to be considered for
Fall 2002 Federal Direct Loans
SFA WEB SITE
* REMINDER: No Bright Futures
for Summer '02
* VERIFICATION: What if You
* Apply Now for Fall 2002
* Toll-Free Student Aid Info
* Update Your Address with
* Get Your Mail: Use ISIS to
Keep Addresses Up-to-Date
* Introducing Financial Aid 101
* Are You Borrowing Too Much?
* Use ISISto Check Aid Status
* You MUST Confirm Your Direct
* Direct Deposit of Aid
* Financial Aid Addresses &
* Withdrawal Procedures for
Students Called to Active
D I i s i o n o f S t u d e n t A f f a i r s
Summer Enrollment &
cont'd. from page 1
If enrollment in Summer Aand/or C is
less than half-time, disbursement of all
aid except Pell Grants is delayed until the
beginning of Summer B, regardless of
whether you preregister for Summer B.
Regardless of the summer enrollment
scenario, students receive their loan funds
in two separate disbursements.
Exception: Summer-A only and Summer-
B only students receive only one
disbursement, during the term in which
NO Bright Futures
for Summer '02
As stated in the Spring SFA Newsletter,
no Florida Bright Futures funds are
available for summer 2002. The Florida
Legislature cut funds for 2001-02 Florida
Bright Futures Scholarships this year,
providing only enough to pay fall 2001 and
spring 2002 award disbursements.
Students attending UF this summer
who need financial assistance because they
were counting on Florida Bright Futures
funds may be eligible for federal loan funds
if they have not already reached their annue
limits. To see if you qualify, check with a
financial aid adviser in S-107 Criser Hall.
For more information on the cutbacks,
consult the Bright Futures web site at:
they attend classes.
,,... What About Work-Study?
For Federal Work-Study, students
must enroll for at least six credit hours
in Summer A and/or C to be eligible to
work during Summer A, or be enrolled
for a minimum of three credit hours in
Summer A and be preregistered for at
least three credit hours in Summer B.
The Florida Department of
Education (FDEP) provides up-to-
date information about Florida
Bright Futures renewal
appeals, distribution of funds and
other topics on their web site at:
Or, send questions by e-mail to:
Or, contact FDEP, 1940 N. Monroe
St., Suite 70, Tallahassee, FL 32303-
What if You Are Selected?
f you are notified by Student Financial
Affairs (that's us!) that you need to
provide documents to verify the
information you supplied on your
FAFSA, respond immediately to the
request. If you wait until you come back
to school in the fall to take care of our
request, your financial aid may be
The best approach is to be organized.
When you receive a request from us for
documents, gather the materials and send
them to SFA.
We suggest that you use ISISto check
on the status of your financial aid file.
When you sign on to ISIS and select
"Financial Aid 2002-03," you can find out
what documents are still needed to
complete your file. You can also use it to
see if your file is complete.
SFA's Web site may also help with
Verification. Generally, we mail you the
required forms, but if we speak to you by
telephone you may find it faster to
download forms. If your adviser suggests
it, you can print forms from our site at:
If you need to obtain photocopies of
your IRS forms: call 1 800 829 1040; or go
to 104 N. Main Street, Suite 301,
A PPYfor Fall
f you need financial aid for fall
2002, apply as soon as possible to
get aid when you need it. We
encourage you to apply online
using FAFSA on the Web available
with complete instructions at:
online is usually faster, and the
application has built in edits to help
prevent application errors. Financial
aid applications and 2002-03 Gator
Aid Application Guides are also
available at SFAin Criser Hall.
Federal Student Aid Info
Use the federal toll-free number
1-800-4 FED AID (1-800-433-3243)
for application status checks,
duplicate Student Aid Report (SAR)
requests, changes to institutions listed
on the SAR, loan tracking, and other
federal aid info.
Your Address with the
If your address changes, update it
with the federal processor. They use it
to mail Student Aid Reports, electronic
PINs, etc. Change your address
online at www.fafsa.ed.gov/ You
can also change your address using
your Student Aid Report (SAR), by
calling 1-800-433-3243, or by writing
to: Federal Processor, P. O. Box 4021,
Iowa City, IA52243.
GET YOUR MAIL
Use ISIS To Keep Addresses
Did you know you are responsible
for keeping your local and
permanent addresses up to date
with the UF Registrar's Office at all
times? Doing so ensures that you
will receive financial aid notices and
other UF business. Use ISIS to
change your address:
1. Go to ISIS at: www.isis.ufl.edu/
2. Choose "Registrar Information"
3. Choose "Address Change."
For more information, contact the UF
Registrar's Office in S-222 Criser Hall.
2 Financial Aid NEWS
"Financial Aid 101"
n spring 2002 SFA added a new feature
to our Web site.
"Financial Aid 101" is a step-by-step
primer on financial aid application and
Starting with the basics, the class is
designed for new aid applicants and
Preview attendees, but it's a good
refresher course for anyone applying for
or receiving any form of financial aid.
It's also a good intro to our site.
By the time you finish (5-15 minutes),
you will know the answers to most of
HERE'S HOW IT WORKS:
1. Go to the SFA Web site at
2. Click on the "Financial FId
Aid 101" button: Aid o101' -
3. Click on "Start the Class."
4. On the first page, when you select
"How am I paying for school" you will
be offered the following class options:
* I am receiving a Florida Bright Futures
* I would like to receive financial aid
* I am receiving a Florida Bright Futures
Scholarship and would like to receive
additional financial aid
When you select one of the class options
above, you will receive answers to the
questions most likely to apply to you. You
can return to the beginning at any step.
Questions answered include:
How and when do I apply?
What happens after I apply?
How is my aid disbursed?
What if I am receiving Florida Bright
Futures and Florida Prepaid?
How do I keep track of my aid?
What are my PINs? and more....
ARE YOU BORROWING TOO MUCH?
The federal financial aid
system has allowed
millions of students to attain
a higher education degree
through grants and through
loans (subsidized and
unsubsidized). As a result,
many students have acquired
opportunities and a standard
of living that would not have
otherwise been available or
For many graduates,
however, recent research has
shown that student loan debt
may affect career and other
life choices. By the time
college students graduate,
many have incurred so much
student loan debt that they
have difficulty repaying the
loans or are forced to work
outside of their chosen fields
for higher pay to be able to
make their loan payments.
Research also indicates
that some students either
delay or do not pursue
graduate school because of
the debt they will or have
So keep in mind that
although educational loans
can be an excellent resource
for paying educational costs,
you should carefully
consider the amount of debt
Like any other debt, a
student loan is a serious
financial obligation. In
addition to the principal
amount you borrow, you will
be charged interest for use of
the funds. The principal plus
interest, divided by your
repayment period in months,
determines the amount of the
monthly payments you must
make when you leave school.
If you are worried about
how much debt you are
(1) The amount of money
that you actually need. You
may not want to borrow the
full amount for which you
(2) The number of loan
programs you use. How
many loans will you be
(3) Whether a part-time
student job might be a better
option. Many students find
that part-time jobs help them
be more organized.
(4) How much you can
afford to repay and the type
of repayment options
available. Your monthly
payments will depend on the
amount you borrow and the
repayment plan you select.
As a student borrower,
you should also be aware of
the minimum and maximum
amounts you can borrow
through each program.
Additionally, be sure you
read and understand your
Borrowers Rights and
Responsibilities, and keep all
your loan paperwork for
ISIS to Check
After you apply, and each
semester, use ISIS to keep track
of your financial aid at UF. You can
find out the status of your aid file,
documents still needed, your aid
award, deferment status, and
disbursement status. All are
available through ISIS-UF's online
Integrated Student Information
System on the Web.
* Select More ISIS Services,
* Select Financial Information
* Select Financial Aid 2002-03
Get UF financial aid
Federal Direct Loans!
You must confirm that you wish to
accept your Federal Direct Stafford
Loan, for every semester you receive
one. You must accept your loan
before it can be disbursed.
1. Go to ISIS at www.isis.ufl.edu/
2. Choose "Financial Information"
3. Choose "Financial Aid Direct
Did you know you can sign up
online to have your financial aid
deposited directly into your
checking account? Do it now! Don't
wait until the fall term.
1. Go to: www.isis.ufl.edu/
2. Go to: "Financial Information,"
3. Choose: "EFT Sign-up"
For more information, contact
University Financial Services in
S-108 Criser Hall, or call
Financial Aid NEWS 2
Office for Student Financial Affairs
S-107 Criser Hall, P. O. Box 114025
Gainesville, FL 32611-4025
Financial Aid NEWS is produced once a
semester by the Information/Publication
Services section of the Office for Student
Financial Affairs, to inform students about
financial aid programs and services that help
UF students meet educational costs.
Director: Karen Fooks
Editor: Susan Mickelberry
Art Contributor: Jeff Stevens
Photo: Lucien-Nahum Isaac
Student Loan Article Contributor: Ingrid Rivera
Financial Aid NEWS is available in other
formats for students with documented, print
related disabilities. Contact Student Financial
Affairs' telephone line for students with
disabilities: (352) 392-1272 (V/TDD); Florida
Relay Service: 1 (800) 392-3008 (TDD).
Online at: www.ufsa.ufl.edu/sfa/
The University of Florida is committed to equal
treatment of students without regard to race,
sex, color, age, religion, creed, marital status,
national origin, disability, or veteran status.
for Students Called to
Active Military Service
Are you a student called up for
active military service? Before
leaving UF, you should visit the Dean
of Students Office (DSO) in 207
Peabody Hall to initiate your
withdrawal. If it is impossible for you
to withdraw in person, call DSO at
392-1261 to notify them of your
withdrawal. If time permits, you
should contact your professors to let
them know you are reporting to active
duty For more information about
withdrawal, please go to DSO in 207
UF general withdrawal information
is available on the SFA Web site at:
DSO, Student Financial Affairs
(SFA), University Financial Services
(UFS), and the Office of the
University Registrar have put
together a brochure to assist students
with this transition. The brochure,
which includes information on
withdrawal, fee refunds, forbearance
or deferments of repayment of
student loans, and re-enrollment, is
available at each of these offices as
well as on the Web. Go to the
following Web location and select
Satellite A id O offices Main Office: StudentFinancialAffairs S-107 Criser Hall P. Box 114025 Gainesville, FL 32611-4025 (352) 392-1275
College of Dentistry College of Law College of Medicine Health Professions, Masters in Business
Tom Kolb Trish Varnes Eileen Parris Nursing, Pharmacy, & Administration (MBA)
Dental Tower, D3-#17A 164 Holland Hall M-128 Health Sciences Veterinary Medicine Bill Watson
Health Sciences Center. (352) 392-0421 Center. CG96 Health Sciences P102I Peabody Hall
(352) 846-1384 (352) 392-7800 Center. (353) 392-1275 (ext.3386)
4 Financial Aid NEWS
PERMIT NO. 94
U.S. Department of Education
Federal Student Aid Programs
1 (800) 433-3243
1 (800) 730-8913 (TDD)
Federal Direct Loan Services
1 (800) 557-7394
Florida Dept. of Education
Bureau of Student Financial Assistance
(Florida Bright Futures/State Programs)
1940 N. Monroe Street, Suite 70
1 (888) 827-2004 toll free
(352) 37GATOR (374-2867)
Automated financial aid file info