Title: Financial aid news
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Permanent Link: http://ufdc.ufl.edu/UF00087108/00019
 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 2006
 Record Information
Bibliographic ID: UF00087108
Volume ID: VID00019
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 e r s i t y o f F o rida f
Ha U a U


Financial Aid

Awareness Week

in February
This year the Office for Student Financial
Affairs (SFA) has declared February 13-17 as
"Financial Aid Awareness Week." Watch for
the street banner across NW 13th Street
during this time.
January through March is the main
application period for applying for student
aid, and at the University of Florida (UF) the
"On-Time" application deadline is March 15.
Application by mid-February helps ensure
that the results of your Free Application for
Federal Student Aid (FAFSA) will reach UF
from the federal processor by the deadline.
"Financial Aid Help Sessions"
Need help completing your Free Application
for Federal Student Aid (FAFSA)? Come to a
Student Financial Affairs FAFSA help session
in the J. Wayne Reitz Union. In conjunction
with "Financial Aid Awareness Week," SFA
will hold "Financial Aid Application Help
Sessions" throughout February. See the
schedule below for locations and date.

Financial Aid Application
Help Session Schedule
A financial aid adviser will be available at
the Reitz Union between 1 p.m. and 4 p.m.
at the following locations and times to
answer questions and provide students with
individual help completing the FAFSA.
Dates Room
February 7 282 JWRU
February 8 286 JWRU
February 14 282 JWRU
February 15 287 JWRU
February 21 363 JWRU
February 22 361 JWRU
February 23 363 JWRU
February 28 282 JWRU
March 1 282 JWRU


UF Federal
School
Code
007535


Plan Now for
Summer!
See inside.


fic e f o r S t u d e n t F i n a n c i al A f f a i r s
05-06, volume 2, Spring 2006


Apply NOW for
2006-07 Aid
Gator Aid Application Guides and paper Free
Applications for Federal Student Aid (FAFSA)
for the 2006-07 academic year are now
available in the SFA lobby in S-107 Criser
Hall. Applications are also available at
Florida high school guidance offices and
most community colleges.
Most UF students are applying online, and
SFA strongly encourages this trend. Applying
online using FAFSA on the Web is usually
faster, and the application has built-in edits
that help prevent application errors. FAFSA on
the Web, with complete instructions, is
available at: www.fafsa.ed.gov. Try it. You
may like it!
If you need assistance applying online,
you can also take advantage of SFA's Student
Resource Center in the SFA lobby.


APPLY NOW
for 2006-2007
Financial Aid


t '' '

F4FS.4 on the Wleb: www.fafsa.ed.gov
Or go to: www.sfa.ufl.edu
Student Financia Affai s S-107 CrHi Hall (352) 392-127
..,-. ,. .---,..^ ; -- "^nV 'ir i


"On-Time" Deadline: March 15, 2006
This year, why not get the best financial aid
package for which you may qualify by applying
on time for financial aid?

What do we mean by "On-Time?"
March 15, 2006, is UF's "on-time" financial
aid application deadline. On-time means
making sure SFA receives the processed
results of your Free Application for Federal
Student Aid (FAFSA) or Renewal FAFSA from
the federal processor by the deadline. To
make sure this happens, either you or your
parents should complete the FAFSA by mid-
February.
Students whose application results are
not received from the federal processor until
after March 15 may miss out on many
desirable aid programs. Late applicants will
be considered for aid that remains available
when they apply.


CALENDAR
JANUARY 3, 2006
2006-07 Financial Aid
Applications Available
MARCH 1, 2006
Last day to be considered for
Spring '06 Federal Direct Loans
MARCH 11-18
Spring Break
MARCH 15, 2006
UF "On-Time" 2006-07 Financial
Aid Application Deadline
MARCH 24, 2006
Spring Deferred Fee Payment
Deadline

APRIL 1, 2006
Spring Short-Term Loan
Repayment Deadline
APRIL 15, 2006
Last day to be considered for
Summer '06 Federal Direct Loans

SFA WEB SITE
http://www.sfa.ufl.edu

INSIDE
* What Happens After You Apply
* Expect Financial Aid Emails
* Financial Aid 101
* SFA Web Site Changes
* 05-06 Aid Still Available
* Deferment Fee Payment: March 24
* Your Federal PIN
* Update Mailing Addresses
* Financial Aid in the News
* Summer 2006
* Check Aid Status & Loans on ISIS
* Florida Bright Futures Info
* SFA Forms on our Web Site
* Financial Aid Addresses &
Phone Numbers
* Satellite Aid Offices


D v s i o o f S iud e I Affa irs s


* Educoling Leaders fo r


a G I o b a I C o m ni u n i ,


i







What Happens After You Apply?


A after you complete your FAFSA,
check the status of your UF
financial aid file regularly on ISIS on the
UF Web site at www.isis.ufl.edu.
After you apply, you will receive the
following responses.
1. Federal Student Aid Report (SAR)
After processing your electronic or paper
FAFSA, the federal processor will send you
an SAR indicating your "Expected Family
Contribution," which is used to determine
your eligibility for aid. The SAR also lists
information you recorded on your FAFSA,
so you can check it for accuracy. If you
supply your email address on the FAFSA,
you will receive an online SAR as early as
24 hours after your FAFSA is processed.
Follow the instructions on the SAR when
you receive it.
If you don't receive an SAR, or need to
change information you listed on the
FAFSA, do it online by going to
www.fafsa.ed.gov. You will need your
Federal PIN to access your information.


2. Quality Assurance/Verification
Your application may be selected for
"quality assurance" or "verification."
These federally required reviews check the
accuracy of information students supply
on aid applications. If selected, Student
Financial Affairs will contact you to ask for
documentation. Your aid cannot be
disbursed until we receive it. Reply
quickly. Don't wait until fall to respond.
3. Financial Aid Award
When UF receives your FAFSA results
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 send an e-mail to your
GatorLink account to tell you that your
Financial Aid Award Letter is available on
ISIS. The Award Letter states the terms of
aid programs awarded to you. You can
expect an Award Letter e-mail by late
spring if you apply by the March 15th
"on-time" deadline.


Expect Financial Aid E-Mails
SFA generates e-mails directly from your entrance counseling)
aid file to keep you posted on Academic Progress N
requirements you still need to complete. Verification Notificati
These e-mails often provide a link Requests for Addition
directly to ISIS, where you sign in with Financial Aid E-Mai
your GatorLink ID. Check your e-mail
daily for important aid correspondence. SFA sends these e-mails
On ISIS, screen prompts help you GatorLink e-mail address
complete financial aid requirements. GatorLink e-mail address
Financial aid e-mails include: configured to receive UI
* Financial Aid Award Notices correspondence. To chec
* Follow-Up Letters GatorLink configurations
* Direct Loan Correspondence (re: www.gatorlink.ufl.edu.
confirmation, promissory notes, and


FINANCIAL AID 101
www.sfa.ufl.edu/101/101.html
Financial Aid 101 is a Web-based, step-by-
step primer on financial aid application,
programs, and disbursement designed for
new aid applicants or as a refresher course
for anyone applying for or receiving
financial aid. Financial Aid 101 is also a
good introduction to our Web site. By the
time you finish (5-10 minutes), you will
know the answers to frequent questions
such as "what if I am receiving both Florida
Bright Futures and Florida Prepaid? What
are my PINs? and more....

Financial Aid NEWS
Spring 2006


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WEB SITE CHANG
New "Scholarship
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designed for Prospective, Nev
Continuing students, plus pag
Parents and Faculty/Staff! Wat
page for Graduate/Professiona
PLUS: Did you know our Wel
provides a complete list of all s
available through UF from can
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Because there are so many, we
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2005-06 Aid Still Available
If you need financial aid for spring or
Summer 2006, apply immediately!
Financial aid applications and 2005-06
Gator Aid Application Guides are available
at SFA in S-107 Criser Hall. We also
encourage you to apply online using
FAFSA on the Web: www.fafsa.ed.gov.

Deferred Fee Payment:
March 24
If you were awarded spring financial aid
and qualified for a fee deferment,
University Financial Services in S-108
Criser Hall automatically deferred your
fees until the Deferred Fee Payment
Deadline: March 24. Students whose
spring 2006 fees are deferred against
financial aid must pay them no later
than 3:30 p.m. March 24th. For more
information contact University Financial
Services in S-108 Criser Hall.


umentation Your Federal PIN
rink Your PIN gives you access to personal
CatorLink information in various U.S. Department of
y to your Education (USDOE) systems, including
ure your applying for federal student aid. You
rrectly can request a PIN or replacement PIN,
Less or update your PIN mailing address, at
the USDOE PIN Site at: www.pin.ed.gov
: Use your PIN to:
^ 1. use FAFS I. NI .., I FAFSA on the Web;
2. sign your FAFSA electronically;
3. get a copy of your FAFSA information;
ES! 4. complete your Federal Direct and/or
Perkins Loans electronic Master
Finder" Promissory Notes;
ntry pages 5. make online corrections to your FAFSA;
and 6. review your grant and loan history on
Sfnr the National Student Loan Data System.


ch also for a
al Students.
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click on our
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Update Mailing Addresses
Please check your UF Directory profile to
update both your "Local Home Mailing
Address" and "Permanent Home Mailing
Address." Sign in to http:/ /my.ufl.edu
with your GatorLink ID and password,
choose "My Account," then "Update My
Directory Profile." For help with address
problems, contact the UF Computing
Help Desk: (352) 392-HELP.







FINANCIAL AID in the News


Congress Cuts $12.7 Billion From
Student Loan Programs
To balance the budget, lawmakers slash
subsidies, increase interest rates, and step up
fee collection
(Chronicle of Higher Education, 01/06/06)
"In one of its last acts of 2005, Congress
took an ax to the government-backed
student-loan programs, cutting $12.7
billion to help slow the growth of federal
spending over the next five years.
The cuts, which are the largest in the
loan programs' histories, account for one-
third of a $40-billion deficit-reduction
package that lawmakers in both chambers
approved just days before heading home
for the holidays. To achieve those savings,
the bill would slash government subsidies
to private lenders, raise interest rates for
students and parents, and require
borrowers to pay a 1-percent fee to agencies


that guarantee loans."Read more at:
http: / / chronicle, corn / weekly/ v52 / il8 /
18a00101.htm

Huge College Loans Eating Up
Salaries: Rich In Education, Poor on
Student Debt
(Seattle Post-Intelligencer, 01/26/06)
"John Donald and Teresa Bujacich, both
health care professionals, don't consider
themselves poor, and they wouldn't meet
anyone's objective measure of being poor.
Yet they share many of the same
challenges as other working poor in the
Seattle area," reports the Seattle Post-
Intelligencer. "....The reason? Student-
loan debt....Experts say this generation of
college students is the most debt-
burdened in history." Read more at:
http: / /seattlepi.nwsource.com / local/
257094 studentloandebt26.html


NASFAA Updates "Parent and
Student Guide to Federal Tax
Benefits for Tuition and Fees"
(NASFAA's Financial Aid News on the
Web, 02/01/06)
"The Guide includes information about
the Hope Scholarship and Lifetime
Learning tax credits, provides guidance
on understanding the tuition and fees tax
deduction, and gives links to IRS
publications that address these topics."
Read more at:
http:/ /www.studentaid.org/TaxBenefits
PSIntro.html


SUMMER 2006 .

Plan NOW for Summer Aid
To receive aid this summer, contact a financial aid adviser in
S-107 Criser Hall by March 1. Be aware that summer Bright
Futures awards are not available for the summer term 2006.
Summer Funds Checklist:
1. Read the UF Policy on Summer and Summer Enrollment
Requirements below.
2. Check with your aid adviser to see if you qualify for loans.
To be considered for a summer 2006 Federal Direct Stafford or
PLUS Loan, be sure to apply for it by April 15, 2006.
3. Line up a summer job; or get work in the spring to save for
the summer.
4. Check our Scholarship Finder at:
http: / /www.sfa.ufl.edu/101 /scholarshipfinder.htm

Aid for Summer Study Abroad
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:
http: / /www.sfa.ufl.edu / programs /studyingabroad.html


UF Policy on Summer
The UF academic year consists of three semesters: fall, spring, and
summer. students who enter UF with fewer than 60 credits must
earn at least nine credits before graduation during summer terms
at State University System institutions, except students entering
UF beginning with Summer B 2002 who earn nine credit hours
from accelerated mechanisms such as the AICEP, AP, IB, or
approved dual enrollment, or who earn credit during a summer
term through any UF-approved study-abroad program. SFA

supports this requirement. SFA may offer summer money to
qualified students if: (1) funds are available for summer awards
after fall and spring semester awards are met; or (2) the student
chooses to use aid originally awarded for fall or spring term
during summer.

Summer Enrollment Requirements
The terms) 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 and Federal Work-Study), 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 and
Federal Work-Study is delayed until Summer B, regardless of
preregistration for Summer B. Summer Pell Grant eligibility is
calculated only once, so be sure to preregister for all summer
classes including Summer B before Summer A/C begins. For
Federal Work-Study, you must enroll 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. See:
http: / /www.sfa.ufl.edu /receiving /summeraid.html


Financial Aid NEWS
Spring 2006







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

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
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: Dial 711; or 1 (800) 392-3008
(TDD). Online at: www.sfa.ufl.edu
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
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
General Info:1-800-366-3475


CHECK AID STATUS & LOANS ON ISIS


Don't Stand In Line
Check your financial aid status online on
ISIS at www.isis.ufl.edu. Find out: if your
aid file is complete, whether your aid has
been disbursed, if you have been selected
for verification!
If your file is incomplete, the "Aid
Status" screen will explain the steps you
still need to do to complete it. If you need
to complete verification, you will be
prompted through the requirements.

3 Steps to Get Your Loan
* Complete Federal Direct Loan
Confirmation or Federal Perkins
Loan Disclosure/Confirmation
Go to ISIS, choose "Financial Aid
Services," then choose confirmation for
the type of loan you have. You must
complete the loan confirmation process
before your loan can be disbursed.
* Complete 1 st-Time Borrower
Entrance Counseling
First-time Federal Direct Loan and
Federal Perkins/NDL Loan borrowers
must complete Entrance Counseling



SFA Forms on the Web
Printable forms such as Additional Aid
Forms, Academic Progress Petitions, Budget
Revision Petitions, and verification forms
are available on our Web site at:
http: / / www.sfa.ufl.edu / pub / publicat
ions.html. Check with your aid adviser
before printing verification forms.


before loan disbursement. Go to ISIS.
Under "Financial Services" select
"Direct Loan Entrance Counseling."
Perkins borrowers will be sent
information by University Financial
Services.

SComplete Loan Exit Counseling
Select "Financial Services," then
"Student Loan Exit Counseling." For
information on Exit Counseling go to
the University Financial Services Web
site at: www.fa.ufl.edu/ufs.

Also on ISIS, you can:
Update your Mailing Address
Choose "Financial Services," then
"Address Change." You are
responsible for keeping both local and
permanent addresses and phone
numbers current with UF. Be sure
your address is up to date.
Sign Up for Direct Deposit
Choose "Financial Services," then "EFT
Sign Up." For more information, contact
University Financial Services in S-113
Criser at (352) 392-0737.



U.S. Department of Education
o Student Aid Information Center
E P. O.Box 84
7 Washington DC 20044-0084
(800) 433-3243
S(800) 730-8913 (TDD)
c www.ed.gov
6 Federal Direct Loan Servicing Center
S1 (800) 848-0979; 1 (800) 848-0983
H (TDD)
L www.dlssonline.com / tools/sitemap.asp
S(choose FAQ)
SFederal Direct Loan Consolidation
1 (800) 557-7392; 1 (800) 557-7395 (TDD)
Swww.loanconsolidation.ed.gov

c "Don't Get Scammed on Your Way
0 to College" and more, free at
c studentaid.ed.gov
http:/ /studentaid.ed.gov/PORTALSWeb
App /students / english / publications.isp


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


Offices Main Office: Student Financial Affairs S-107 Criser Hall P. O. Box 114025 Gainesville, FL 32611-4025 (352) 392-1275
College of Law College of Medicine Public Health and Health Masters in Business
Carol Huber Eileen Parris Professions; Nursing; Pharmacy; Administration (MBA)
164 Holland Hall M-128 Health Sciences & Veterinary Medicme Erica Beard
(352) 273-0620 Center MH P ee P-102-I Peabody Hall
(352)273 Center HPNP Bldg.
(352) 392-7800 G208 Student Services Ctr. (353) 392-1275 (ext.3386)
(352) 273-6202


Financial Aid NEWS
Spring 2006




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