Title: Financial aid news
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Permanent Link: http://ufdc.ufl.edu/UF00087108/00015
 Material Information
Title: Financial aid news
Series Title: Financial aid news
Physical Description: Serial
Language: English
Creator: Office for Student Financial Affairs, University of Florida
Publisher: University of Florida Office for Student Financial Affairs
Place of Publication: Gainesville, Fla.
Publication Date: Spring 2004
 Record Information
Bibliographic ID: UF00087108
Volume ID: VID00015
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

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FINANCIAL AID
U n i v ersi t y o F l o r i d a


Applying for Aid

is Easy!

Apply NOW for 2004-05 Aid
At UF, applying for financial aid is a matter of
simply filling out the Free Application for Federal
Student Aid (FAFSA). All UF aid packages are
based on FAFSA results, and the U.S.
Department of Education uses this form to
determine eligibility for federal student aid
programs, including Pell Grants, Perkins Loans,
and Direct Loans. The time to get going is now.

Apply Online
While you can still file a paper FAFSA the old-
fashioned way, we recommend filing online
using FAFSA on the Web. About 78 percent of
UF aid applicants applied online to date in
2003-04. Find out why so many students are
following this trend.
Simply go to www.fafsa.ed.gov/and follow the
instructions. The online FAFSA usually yields
results in two to four weeks, instead of four to
six weeks for paper filing. For assistance, stop
by the Office for Student Financial Affairs'
(SFA) Resource Center in S-107 Criser Hall.
Filing online also improves the accuracy of
your form since there are edit checks that
make sure all questions are answered
properly. It catches errors while you're filling

This YEAR on the FAFSA:
FAFSA Question 13 asks paper filers for their
email addresses. If you provide one, you will
receive emails with links to your Federal PIN
and Federal Student Aid Report information on
the Web as soon as 24 hours after your
FAFSA is processed!

Keep a FINANCIAL AID FILE
Include: photocopies of your income tax return
and W-2s; photocopy or printout of your
FAFSA/Renewal FAFSA; your Federal Student Aid
Report; photocopies of forms or info you use to
complete your aid application; borrower copy of
promissory notes; financial aid correspondence;
your Gator Aid Application Guide and
FAFS. 1 I:.....; FAFSA instruction booklet.


ce for S tu den
Spring 2004


out the form. Paper
FAFSAs with an
error are sent
back to the
student and the
delay can cause
your application to
be late.


Student
Financial Affairs
www.ufsa.ufl.edu/sfa/
Get financial aid
information!


Who Should Apply?
Even if you don't think you are eligible for
aid, apply anyway. Maybe you think your
grades are too low or your family has too
much money. Apply anyway! You may qualify
when you don't think you will. The worst that
will happen is you won't get aid.

Why meet the "On-Time" Deadline?
Apply by early February to meet the "on-
time" application deadline-March 15, 2004.
Applications received after March 15th are
awarded after on-time financial aid applicants
are awarded, which means you may not get
some desirable aid for which you qualify.
For your application to be considered "on-time,"
the UF Office for Student Financial Affairs (SFA)
must receive your paper or electronic FAFSA/
Renewal FAFSA results, with a calculated
Estimated Family Contribution, from the
federal processor by March 15. Students whose
financial aid files become complete after the
deadline will be awarded funds still available.

You must reappLy each year to receive financiaL
aid. Student aid is not renewed automaticaLLy!




Toll-Free Federal Student Aid
Information Hours Extended
From January 24 to February 29, 2004, the
Federal Student Aid Information Center at
1-800-4-FED-AID (1-800-433-3243) will extend
its hours. Normal hours are 8:00 a.m.-
midnight Monday-Friday EST and 9:00
a.m.-6:00 p.m. on Saturdays. During extended
hours, customer service representatives will be
available from 9:00 a.m.-8:00 p.m. Saturday,
and 1:00 p.m.-7:00 p.m. on Sundays.


F i n a n c i al A affairs
03-04, volume 2


CALENDAR
January 1, 2004
2004-05 financial aid
applications available at S-
107 Criser Hall.
March 1, 2004
Last day to be considered
for Spring 2004 Federal
Direct Loans
March 15, 2004
"On-Time" UF 2004-05
Financial Aid Application
Deadline.
We must receive your 2004-
05 FAFSA/Renewal FAFSA
results with a calculated
"Estimated Family
Contribution" from the
federal processor by this
date.
March 19, 2004
Spring 2004 Deferred Fee
Payment Deadline
April 1, 2004
Spring 2004 Short-Term
Loan Repayment Deadline
April 15, 2004
Last day to be considered
for Summer 2004 Federal
Direct Loans

SFA WEB SITE
www.ufsa. ufl.edu/sfa/

INSIDE
* After You Apply
* Use Financial Aid 101
* Student Resource Center
* The Latest Online Info
* Loans: 3-Step Checklist
* Your Federal PIN
* Factors that May Affect Aid
* Planning for Summer
* What if My Circumstances
Change?
Scholarships For You?
Financial Aid & the IRS
Addresses/Phone Numbers
Florida Bright Futures
Keep Addresses Up to Date
Satellite Aid Offices


D i v i s i o n o f S t u d e n t /\ f f a i r s H a I p i r g S t u d e n t s B a S u C C e S S f u I .








Track Your Applcatio
Track Your Applicatiorr SrotuS


After you complete your FAFSA, check
the status of your UF financial aid
application regularly. Use ISIS on the UF
Web site. After you apply, you will receive
the following responses from us and other
agencies.
1. Federal Student Aid Report (SAR)
The federal processor will send you an
SAR days to weeks after you submit your
FAFSA/Renewal FAFSA. The SAR indicates
your "Expected Family Contribution,"
which is used to determine your
eligibility or ineligibility for aid. If you
provide your email address on your
FAFSA, you will receive online SAR
information as soon as 24 hours after your
FAFSA is processed. Follow the
instructions on the SAR.
If you don't receive a SAR or need to
make changes on information you listed
on the FAFSA, you can do this online at
www.fafsa.ed.gov/ You can use your
federal PIN to check your application
status with the federal processor.
2. Verification by UF
Your application may be selected for
"verification," the federally required
process of checking accuracy of


TAKE-

Financial Aid 101
Try "Financial Aid 101"-a step-by-step
primer on financial aid application and
disbursement. The class is designed for
new aid applicants, but at this time of year
it's a good refresher for anyone applying
for or receiving any form of financial aid.
When you finish (5-15 minutes), you will
know the answers to most of your
questions.
1. Go to the SFA Web site at
www.ufsa.ufl.edu/sfa.

Student Resource Cen
We invite you to use our Student
Resource Center in S-107 Criser Hall. If
you need assistance applying online,
completing your online Master Promissory
Note, or Stafford Loan Confirmation, our
staff is ready to help from 8:00 a.m.-4:30
p.m., Monday through Friday.


information students supply on aid
applications. If you are selected for
verification, you will receive a letter from
us explaining what documents to provide.
Do not submit documents unless we ask
that you do so. Reply quickly to requests.
3. Notification of Aid Award
When UF receives your FAFSA
information from the federal processor
and you have been admitted to UF, if
you are eligible for aid SFA will award
you an aid package based on your
demonstrated need. We will mail you a
Notification of Financial Aid Award stating
the terms and conditions of aid
programs awarded to you. If your aid
file is complete by the March 15th "on-
time" application deadline, you can
expect this by late spring.
4. Follow Up on Your Application.
You are responsible for following up on
your aid application. Keep track of your
aid file before and after you receive your
award notice. You can check the status
of your financial aid award on ISIS at:
www.isis.ufl.edu. Under "Services"
choose "Financial Services," then choose
Financial Aid for the correct year.






2. Click on "Financial Aid 101."
3. Click on "Start the Class."
4. When you select "How am I paying for
school" you will be given these options:
I am receiving a Florida Bright Futures
Scholarship
I would like to receive financial aid
I am receiving a Florida Bright Futures
Scholarship and would like to receive
additional financial aid
Select an option and you will receive
answers that apply to you.

ter
You can access: the U. S. Department of
Education's FAFSA on the Web site; UF's
Federal Direct Loan Confirmation Site;
ISIS; e-mail; UF's online student job board;
free scholarship searches, and more. The
Resource Center also provides numerous
scholarship applications and financial aid
publications.


Financial Aid NEWS
Spring 2004


3-Step

Checklist
All Federal Direct Stafford Loan
borrowers MUST complete the
following three steps before their loans can
be disbursed. Step 1 must be completed for
each semester you get a loan. Steps 2 and 3
must be completed only once.
1. Complete the UF Direct Loan
Confirmation Process!
Each term, you must confirm that you will
accept loans awarded to you before your
funds can be disbursed. Go to ISIS at:
www.isis.ufl.edu/; choose "Financial
Services," then choose "Financial Aid Direct
Loan Confirmation."
2. Complete a Federal Electronic
Master Promissory Note!
You MUST complete a Master Promissory Note
(MPN), the legal document Federal Direct
Loan borrowers must sign agreeing to pay
back their loans. Go to the Federal Electronic
Promissory Note Web Site at:
http://dlenote.ed.gov/.
3. Complete Federal Direct Loan
Entrance Counseling!
First-time borrowers must complete an
online entrance orientation session before
their loan funds can be disbursed. Go to ISIS
at: www.isis.ufl.edu/; choose "Financial
Services," then choose "Direct Loan Entrance
Counseling."


Your Federal PIN
Your PIN is your electronic signature and
identifier. You will use it year after year.
Your federal PIN identifies you to give you
access to personal information in various
U.S. Department of Education (USDOE)
systems, including applying for federal
student aid. You can request a PIN, request a
replacement PIN, or update your PIN
mailing address at the USDOE's PIN Site at:
www.pin.ed.gov/

You can use your PIN to:
1. access FAFSA/Renewal FAFSA on the Web;
2. sign your FAFSA electronically or obtain
a copy of your FAFSA information;
3. complete your federal student loan
electronic Master Promissory Note;
4. make online corrections to your FAFSA;
and,
5. review your grant and loan history on
the National Student Loan Data System.







FACTORS THAT

MAY AFFECT AID

A Change in Family or
Financial Circumstances
After filing your financial aid application, if
any of the following circumstances apply to
you or your family, check with your
financial aid adviser to see if this might
affect your application. Late spring is the
primary time period to petition your
financial aid award.
1. Divorce of parents, or you/your spouse.
2. Death of a major wage earner.
3. Lost employment of a major wage earner.
4. Loss of other income or benefits (such as
Social Security or child support), by you,
your parents or spouse.

Receiving Outside
Scholarships or Fellowships
Notify us immediately of all assistance you
receive from sources other than our office
(such as fellowships, fee waivers, and
outside scholarships). Some programs
require repayment of aid funds if you
receive more than the amount of your
documented eligibility for aid. If you notify
us of this resource after receiving aid funds,
you may have to repay some of your
financial aid. Report all outside assistance
on the Additional Aid Form enclosed with
your Financial Aid Award Letter. Additional
Aid Forms are also printable from the online
forms section of our Web site at:
www.ufsa.ufl.edu / sfa / pub /
forms / index.html

Can You File "Independent"?
You can file as "independent" when you
meet one of the following criteria:
* you are at least 24 years of age
* you are married
* you have a dependent for whom you
provide more than .1 r, of support
* you are a graduate student
* you are a veteran of the U.S. Armed Forces
* you are an orphan, or are/were a
ward/ dependent of the court
Under extenuating circumstances, you may
petition to become "independent." To be
classified independent because of marriage,
you must be married at the time you
complete the FAFSA (you may not project
this status). Graduate students must be
enrolled in an accredited graduate program
working towards a graduate-level degree.
Post-baccalaureate classes do not entitle one
to graduate status.


Planning for Summer


Summer Aid 2004
Students should contact .1 1in.iciil iti
adviser in S-107 Criser I lall IL'ctlc N l ll I
if they wish to receive -ul mnlIci a Li.
Summer Bright Future, i. l.-iard- ; nit
available for the summit t rm 21111 4.
To be considered for a -tL inici 2111 14
Federal Direct Stafford i I I'LLs LIo1.a Lbe
sure to apply for it by April 15, 2004.
If you need summer funds,
1. Check with your aid adviser to see if
you qualify for loans.
2. Line up a part-time summer job; or get
work in the spring to save for the summer.
3. Apply now for a private scholarship.
Check our online scholarship bulletin
board at: www.ufsa.ufl.edu/sfa/
programs / outsidescholar.html

Enrollment Requirements
The sessions) for which you enroll-
Summer A, B, and/or C-and the number
of hours that you enroll determine WHEN
you receive your aid, Summer A or B. To
receive funds in Summer A (exception: Pell
Grant), undergraduates must enroll for at
least six credit hours in Summer A and/or
C, and graduate students for at least four
credit hours in Summer A and/or C.
Otherwise, disbursement of aid except Pell
Grants is delayed until Summer B,
regardless of preregistration for Summer B.
For Federal Work-Study, you must enroll
for at least six credit hours Summer A
and/or C to be eligible to work Summer A,
or be enrolled in Summer A and
preregistered for at least three credit hours
in Summer B. For more information, go to:
www.ufsa.ufl.edu /sfa /receiving/
summeraid.html


Scholarships For You?
SFA maintains an up-to-date scholarship list
on our Web site at www.ufsa.ufl.edu/sfa/
programs /outsidescholar.html. You can also
research scholarships using free internet
scholarship searches available at finaid.org,
collegeboard.com, srnexpress.com, and
fastweb.com. These services list thousands of
scholarships, and you can search for ones
tailored to your specific needs and interests.
Although it is possible to get a scholarship
because you are the only one who applied,
scholarships aren't necessarily easy money.
They must be sought out and often require
essays, portfolios, and community service.


UF Summer Enrollment Policy
An acadmiJciii year at UF consists of three
'c inll tci a11ll, spring, and summer.
Ficlinciin aind sophomores entering the
'titt Li nr. ci sity System must complete at
Ic.it nine credit hours during a summer
.'c1-0'n tOL i aduate, with the exception of
'ridecnt- i. 1ii earn nine credit hours via the
Biicli t Fut I cs acceleration mechanism. SFA
-'Ipp, 'I t dii-, requirement. Summer money
may be offered to qualified students if:
1. funds are available for summer awards
after fall and spring semester awards are
met; or
2. you choose to use aid originally awarded
for the fall or spring term during the
summer.

Summer Study Abroad
& Financial Aid
The UF International Center's Study
Abroad Services (SAS) in 123 Grinter Hall
offers many programs for overseas study.
Students who are awarded financial aid
(including scholarships) may continue to
receive it while studying overseas, as long
as they meet minimum enrollment
requirements during the semester(s) they
are studying overseas.
SFA coordinates with Study Abroad
Services to help students receive their
financial aid. Federal Direct Stafford Loans
and Federal Direct PLUS Loans (for parents
of dependent undergraduate students) are
the primary funds available for study
abroad students. Overseas packages
exclude employment. The application
deadline for summer programs is March 1.
For more information, go to:
www.ufsa.ufl.edu / sfa / programs /
special /studyabroad.html


Financial Aid & the IRS
Students who receive financial aid must
report portions of their financial aid as
"taxable income" on their income tax.
Federal Work-Study funds must be
included as earned income. Funds received
from grants, scholarships, benefits, and
fellowships from UF or any other source
that, combined, are more than the cost of
your tuition, fees, books, and required
supplies are taxable income; loans are not.
For more information, consult the IRS, your
tax form instructions, or your personal tax
adviser. For a copy of your tax return from
the IRS, call 1-800-829-1040.

Financial Aid NEWS
Spring 2004







UNIVERSITY OF

.. FLORIDA
Office for Student Financial Affairs
S-107 Criser Hall, P. 0. Box 114025
Gainesville, FL 32611-4025
(352) 392-1275

Financial Aid NEWS is produced once a
semester by the Office for Student Financial
Affairs Information/Publication Services
section to inform students about financial aid
programs and services that help UF students
meet educational costs.
Director: Karen Fooks
Associate Director: Ron Anderson
Editor/Design: Susan Mickelberry
Art Contributor: Jeff Stevens
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, creed, color, religion, age, disability,
sex, sexual orientation, marital status,
national origin, political opinions or
affiliations, or veteran status.


Florida Bright Futures
For current information about
application, renewal requirements,
reinstatements, appeals, summer awards,
and other topics, go to the
Florida Department of
Education (FDEP)
Web site at:
www.firn.edu/doe/bin00072/
home0072.htm.
Send questions by e-mail to:
brightf@fldoe.org
Send mail to:
Florida Department of Education
Turlington Building, Suite 1514
325 West Gaines Street
Tallahassee, FL 32399
Toll-Free Hotline: 1-888-827-2004


Keep Your Address
Up to Date with
the Feds!
If your address changes, updating it
with the federal processor is important.
They use it to mail Student Aid Reports,
electronic PINs, and other notices.
You can change your address:
- Online at the FAFSA on the Web site at
www.fafsa.ed.gov /
- By using your Federal Student Aid
Report (SAR)
- By calling 1-800-433-3243;
1-800-730-8913 (TDD)
- Or by writing to:
Federal Processor,
P. O. Box 4021,
Iowa City, IA 52243


Satellite Aid Offices


College of Dentistry
Tom Kolb
Dental Tower, D3-#17A
Health Sciences Center
(352) 846-1384


College of La
Carol Huber
164 Holland H
(352) 392-0421


Main Office: Student Financial Affairs S-107 Criser Hall P. O. Box 114025 Gainesville, FL 32611-4025 (352) 392-1275
w College of Medicine Health Professions, Masters in Business
Eileen Parris Nursing, Pharmacy, & Administration (MBA)
lall M-128 Health Sciences Veterinary Medicine Bill Watson
Center M e M ee P-102-I Peabody Hall
(352) 392-7800 G208 Student Services Ctr. (353) 392-1275 (ext.3386)
(352) 392-7800


Financial Aid NEWS
Spring 2004


U.S. Department of Education
Student Aid Information Center
P. O. Box 84
Washington DC 20044-0084
(800) 433-3243
(800) 730-8913 (TDD)
www.ed.gov/
Federal Direct Loan Servicing Center
1 (800) 848-0979; 1 (800) 730-8913 (TTY)
www.dlssonline.com /tools/sitemap.asp
(choose FAQ)
Federal Direct Loan Consolidation
1 (800) 557-7392; 1 (800) 557-7395 (TDD)
www.loanconsolidation.ed.gov
Info on Scholarship Scams and
Identity Theft
Online Student Guide: Financial Aid from the
U.S. Department of Education
http:/ /studentaid.ed.gov/students/
publications/ student_guide / index.html




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