Un iv e r s i t y of F lo rid a
Looking Ahead to FI
Be on the lookout! Beginning this
summer, fall borrowers through the
Federal Direct Loan Program can look
forward to having their loan processing
made a little easier. The federal Department
of Education is creating an online master
promissory note for all new borrowers and
students who do not yet have a master
promissory note on file, which will speed
transactions and eliminate mailing of
promissory notes. This transaction will be
completed through a federal website.
Did you know Florida Bright Futures Information
is available on the web?
Each year, every high school student or
renewal student receives either a Florida
Bright Futures (FBF) award letter or a letter
of ineligibility from the State of Florida.
Students can look up their eligibility status
online by accessing their records on the web
using the SYSTEM ID and PIN number
provided in the letter the state sends them.
Go to: www.firn.edu/doe/brfuture/
Using your SYSTEM ID and PIN you can
also update your demographic information
such as name, address, date of birth, gender,
Social Security Number, phone number, and
e-mail address; AND you can change your
post-secondary institution (please note that
UF's institutional code is 011).
Students should note that money from
state and federal aid programs may not be
available at the beginning of the term and
must be prepared to pay immediate expenses
from other sources for at least a month.
Fees are due at the end of the second week
of classes, unless you receive a fee deferment
against your financial aid. University
Financial Services, in S-108 Criser Hall,
accepts cash, personal checks, cashier's
checks, money orders, debit cards,
MasterCard and VISA. Fees do not include
ff i c e f o r St u d e n t
FEDERAL PIN SITE
AFederal PIN is required to complete the
online promissory notes, so students who do
not have one, or who have lost their PIN,
should get one at the U.S. Department of
Education PIN Site as soon as possible.
Students who already have a master
promissory note on file with Student
Financial Affairs will not be affected by this
change. This program is still in the works, so
watch for more information in the fall
newsletter, or on our website at:
You can also view the number of hours of
eligibility you have remaining for the current
year, as well as your correspondence history,
and current-year disbursement information
(hours and dollars disbursed).
If you misplace your SYSTEM ID and PIN
number, contact the state toll-free number
(1-888-827-2004) to request replacement
numbers, which will be mailed to you.
SUMMER: Students eligible for Florida
Bright Futures Scholarships who want
summer funding should consult their
financial aid adviser in S-107 Criser Hall.
Did you know you can appeal renewal eligibility of your
FBF award due to illness or emergency?
Florida law provides an appeal process for
students who do not meet academic progress
Cont., page 2
costs for housing, books and meals.
Books must be paid for at the time of
purchase. Deferments are available at the
University of Florida Bookstore.
Gator Dining Services offers two dining
programs: (1) an All-Campus Meal Plan that
provides two semesters (fall/spring) of meals
with 19 meals per week, plus $300 DB Bucks,
for $1,243.40; or (2) a Declining Balance
Account that works like a debit card (you can
adjust your plan accordingly after observing
your first semester's eating habits).
Cont., page 3
i n a n c i a l A ffa i r s
00-01, volume 3
JULY 2, 2001
Pell Grant 2000-01 Application
JULY 1, 2001
Summer A Short-Term Loan
JULY 27, 2001
Summer A/B/C Deferred Fee
Summer B/C Short-Term Loan
AUGUST 22, 2001
Fall Classes Begin
OCTOBER 17, 2001
Last day to be considered for
Fall 2001 Federal Direct Loans
(FDSL, FDUSL, FDPLUS)
Apply Now, Fall '01
Check Aid Status on ISIS
Direct Deposit of Aid
Applying for Scholarships
Borrowing: When to Stop
Free Scholarship Searches
Online Forms May Help with
Federal Direct Loan
Get Your Mail
Update Your Address with
Toll-Free Student Aid
Financial Aid Addresses &
Division of St u d e n t Affa i r s
H e p i n g St u d e n t s
Summer Enrollment Status in Summer A and/or C, and graduate
(Full-Time/Half-Time) students for at least four credit hours in
The sum of all credit hours carried in Summer A and/or C. For Federal Work-
Summer A, B, and/or C will determine Study, students must enroll for at least
your enrollment status. Undergraduates six credit hours in Summer A and/or C
are considered full-time if enrolled for at to be eligible to work during Summer A,
least 12 credit hours, half-time if enrolled or be enrolled for a minimum of three
for at least six credit hours. credit hours in Summer A and be
Graduate students are considered full- preregistered for at least three credit
time if enrolled for at least eight credit hours in Summer B.
hours, half-time if enrolled for at least If enrollment in Summer Aand/or C
four credit hours. is less than half-time, disbursement of all
-.+ What Session Do You Get Aid? aid except Pell Grants will be delayed
until the beginning of Summer B,
The sessions for which you enroll regardless of whether the student
r A, B a o Q ad regardless of whether the student
(Summer A, B, and/or C) and the
preregisters for Summer B.
number of hours for which you enroll s i t e pst, regress of te
Sn w y As in the past, regardless of the
in those sessions determine when you summer enrollment scenario, students will
receive your financial aid-whether s s w
receive your financial aidwhether receive their loan funds in two separate
during summer A or B. disbursements. Exception: Summer-A
To receive funds in Summer A(with the o Summer-Bonly students receive
only and Summer-B only students receive
exception of Pell Grants), undergraduates disbursement, during the term
must enroll for at least six credit hours in w h tey attend cla
in which they attend classes.
The following examples illustrate various undergraduate enrollment choices and
indicate when students will 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
Sum B = 6 or more
Sum A= 6 or more
Sum A, Sun
Sum A, Sun
Sum A, Sun
Florida Bright Futures Q & A
requirements for renewal of state financial
aid. The law allows exceptions to be made
when students fall below the minimum
grade point average and/or credit hours
earned for a state award. Appeals may be
filed under the following two
circumstances: illness or emergency.
Appeal forms are available from SFA and
on the SFA website. Appeals must be
received or postmarked within 30 days of
the date you receive a Notice of Ineligibility
from the State of Florida.
What happens if you receive both Florida Bright
Futures & Florida Prepaid?
Students participating in the Florida
Prepaid Plan who receive a Florida Bright
Futures (FBF) award can receive funds
from both plans. Students' tuition and
fees can be paid by the Prepaid Plan up to
the amount of their eligibility. The FBF
2 Financial Aid NEWS
Sum ASum B
Sum A, Sum B
Sum A, Sum B
n B Sum B
n B Sum B
n B Sum B
award pays any remaining amount of
tuition and fees, then any outstanding UF
bills. Any balance remaining is issued to
Example: if a student's tuition fees are
$1,128 (15 credit hours), their Prepaid will
pay $886.95 of that ($59.13 per credit
hour). This leaves a balance of $241.05
which is then subtracted from their Bright
Futures award. The difference is used to
cover other UF debts, with the remainder
going to the student via check or direct
deposit. See the back of this newsletter for
address and phone numbers for FBF.
f you need financial aid for fall
2001, you can still apply, but do
so as soon as possible to get aid
when you need it. Application
processing takes the federal
government at least several week
SFA encourages students to appl'
online using FAFSA on the Web.
This application, with complete
instructions, is available at:
online is usually faster and the
application has built in edits to
help prevent application errors.
Financial aid applications and
Gator Aid Application Guides for
2001-02 are also available at SFA i
S-107 Criser Hall.
Check Aid Status
Sse ISIS to keep track of your
financial aid file, before and
after you receive your award
notice. Your financial aid info-
the status of your aid file,
documents still needed, your aid
award, deferment status, and
disbursement status-is available
on the web through ISIS-UF's
online Integrated Student
* Select More ISIS Services,
* Select Financial Information
* Select Financial Aid 2001 02
Sign Up Now!
DID YOU KNOW you can have
your financial aid deposited
directly into your checking
account? You can do this online
from wherever you are! Do it
now! Do not wait until the
beginning of 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 (352)
Applying for Scholarships
* Use free online scholarship searches.
* READ ELIGIBILITY REQUIREMENTS for
scholarships you are interested in first. If
you meet basic requirements, APPLY!
Don't apply for scholarships with
qualifications you don't match.
* Apply to as many sources as possible.
Always apply for need-based aid first.
* Be complete and concise, but also creative,
in your application materials.
* Apply as far in advance as possible.
* Avoid spelling and grammatical errors;
have someone else read and proofread
your application before you send it off.
* Never talk yourself out of applying. You
have as much of a chance to receive an
award as others.
* Get a large calendar and plot application
deadlines; look at it every day. Set up a
scholarship file with copies of your letters,
transcripts, and personal statements.
* NEVER get discouraged or take rejection
personally. Universities would love to give
every deserving student a scholarship, but
limited dollars make this impossible.
* Look at scholarship application as a
PART-TIME JOB. If you spend ten hours
applying and receive a $1,000 scholarship
..you made $100 PER HOUR!
fastWEB, which includes more than
400,000 awards, creates a list of
aid for you that is updated daily.
Go to: www.fastweb.com/
SRN Express contains info about
7,000 plus private-sector, non-
need-based awards. Go to:
College Board's search lists aid and
scholarships from 3,300 sources.
Educational loans can be
an excellent resource for
students trying to pay
educational costs, but
students should carefully
consider the amount of debt
they incur. Borrowing money
to pay for college has long-
term financial implications.
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
when to say "STOP"
payments you must make Key Points
when you leave school.
When borrowing, consider: Develop a financial plan for the
(1) The amount of money complete cost of your education.
that you actually need. You Consider your chosen field of
may not want to borrow employment and its expected
the full amount for which annual income before you
you are eligible, accept a student loan.
(2) The number of loan Re-evaluate your future
programs you use. How expenses each time you borrow.
many loans will you be
repaying? monthly payments will
(3) Be aware of minimum and depend on the amount you
borrow and the repayment
maximum amounts you can
plan you select.
borrow through each program. l you sele
(5) Be sure you read and
(4) Consider how much you u ers your Borror
understand your Borrowers
can afford to repay and the u y orwr
can afford to repay and the Rights and Responsibilities.
type of repayment options Keep all paper work for
available. Your minimum Keep all paper work for
Start-Up Costs, continued
Housing costs differ by student depending on whether living on-campus or off-campus.
On campus housing costs for fall semester must be paid by August 1. Off-campus housing
costs differ because deposits and utility hook-ups must be considered. Students should bring
enough money to cover personal expenses such as clothing, laundry, transportation and
recreation. Before each semester, estimate your "start-up costs"-how much money you will
need once you arrive on campus. Use the following worksheet to do so.
Cost Per Already Paid Deferred Against Still Need
Tuition/Fees: Instate $1,245
Out-of state $5,190
Housing: On-campus $1,645
Off campus $2,905
*Off campus Electric, gas, water, $ 235
Deposits: Telephone hookup (min.) $ 40
Books & Supplies $ 790
(includes computer costs)
Miscellaneous: $ 890
*These figures are one-time, not a per semester, expense.
f you are chosen by UF for
verification-the federal process
of confirming data supplied by
students on aid applications-
our advice: don't panic. The best
approach is to be organized.
When you receive a request from
us for documents, gather the
materials requested (mail for them
if necessary) and send them to
SFA. Forms you may need during
verification are available on our
web site at:
Generally, we mail you the
needed forms, but if we speak to
you by telephone you may find it
faster to download the forms. The
key is to return them quickly.
For photocopies of your IRS
forms: call 1-800-829-1040; or
go to 104 N. Main Street, Suite
If you are awarded a Federal
Direct Stafford Loan as part of
your financial aid award, you must
confirm that you will 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
Financial Aid NEWS
PERMIT NO. 94
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 to
help UF students meet educational costs.
Director: Karen Fooks
Editor: Susan Mickelberry
Publications Assistant: Ayesha Benjamin
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
GET YOUR MAIL:
Keep Your Addresses
Up to Date at UF
Do you know that you are
responsible for keeping your local
and permanent addresses up to date at
the UF Registrar's Office at all times?
Doing so assures that you will receive
financial aid notices and other UF
business when you are supposed to.
You can update your mailing address
from any location using ISIS. To change
1. Go to ISIS on the web at:
2. Choose "Registrar Information"
3. Choose "Address Change."
If you need more information, contact the
UF Registrar's Office in S-222 Criser Hall.
Update Your Address
with the Feds
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, IA 52243.
Student Aid Information
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.
Li S Depai trent of Education
Fedeial Student Xid Piogiaims
I. si ii 7 ,n n,' !l 'l u
i 1 1 ~ ,1 1 11 I i i .! 1
'\ \ \ I ,' ,
Fedeial Diiect Loan Sei\ ices
I illi -, I, 7 7 Ill
Floi ida Dept of Education
. II ii II I l l II iI !i I I I I
(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
Satellite Aid Offices Main Office: Student FinancialAffairs S-107 Criser Hall P. 0. 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