Title: Financial aid news
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00087108/00020
 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: Summer 2006
 Record Information
Bibliographic ID: UF00087108
Volume ID: VID00020
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.


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U n i v e r s i t y o f F o r i d a

f i c e f o r S t u d e n t F i n a n c i a A f a i r s
05-06, volume 3, Summer 2006

New Features When Consolidate Now:
Keeping Track of Student Loan Interest
Your Aid on ISIS Rates Rise July 1

All students must keep track of their financial
aid file and awards through ISIS.
NEW: For 2006-07 awards, students must use
the new "Additional Aid Reporting" feature to
report "additional aid" not listed on your
award letter. On ISIS, under "Financial Aid"
under the correct award year, simply select
Additional Aid Reporting."

"Aid Status" and "Awards and Disbursements"
are other financial aid categories.
You will now use ISIS to "cancel" or "reduce"
your award right on your "Awards and
Disbursements" page.

Expect Financial Aid E-Mails
Student Financial Affairs (SFA) uses email as
the primary way to communicate with
financial aid applicants and recipients.
SFA generates e-mails directly from your aid
file to keep you posted on requirements you
still need to complete. These e-mails often
provide a link directly to ISIS, where you sign
in with your GatorLink ID. On ISIS, screen
prompts help you complete financial aid
requirements. Check your e-mail daily for
important aid correspondence.
Types of financial aid e-mails include:
* Financial Aid Award Notices
* Follow-Up Letters
* Direct Loan Correspondence (re: entrance
* Academic Progress Notifications
* Verification Notifications
* Requests for Additional Documentation

SFA sends business e-mails directly to your
GatorLink e-mail address. Be sure your
GatorLink e-mail address is correctly
configured to receive UF business
correspondence. To check your GatorLink
configurations, go to: www.gatorlink.ufl.edu.
Students who do not check GatorLink e-mail
daily may not get important financial aid

Student borrowers take note! Interest rates for
Federal Direct Stafford loans will rise again for
2006-07. For students already in repayment,
Stafford rates will rise from 5.3% to 7.14%. PLUS
rates will rise from 6.1% to 7.94%. Stafford loan
rates for students in school, within the six-
month grace period, or in deferment will
increase from 4.70% to 6.54%.
You may want to act now-before July 1-to
consolidate your loans through the Federal
Direct Consolidation Loan program to lock in a
lower rate for the life of your loan. For more
information, call Direct Loan Borrower Services
Consolidation at: 1-800-557-7392; 1-800-557-7395
TDD; or go to: www.loanconsolidation.ed.gov.

LOST on Campus
New SFA Video Premieres at
PREVIEW this summer!
Visit our Web site to view our new Welcome
video that is being introduced during
PREVIEW this summer. LOST on Campus is
primarily for new students, but fun for anyone
to watch. It is also currently showing on the UF
Housing channel. The video is available in
Quicktime and Media Player and best viewed
over cable, DSL, or LAN. We hope you enjoy it!
http: / /www.sfa.ufl.edu / 101 /video.html

Use SFA's
Scholarship Finder
Did you know SFA's Web site has a list of all
scholarships available through UF from campus
agencies, colleges, and departments? Now we've
added a feature to our Web site to make them
easier to find. To use it, click on the "Scholarship
Finder" button on our site at www.sfa.ufl.edu.
Ed ucci ri g Leaders for a

JUNE 30, 2006
Pell Grant 2005-06 Application
JULY 1, 2006
Summer A Short-Term Loan
Repayment Deadline
Summer B Classes Begin
Holiday, Office Closed
JULY 28, 2006
Summer A/B/C Deferred Fee
Payment Deadline
AUGUST 1, 2006
Summer B/C Short-Term Loan
Repayment Deadline
AUGUST 23, 2006
Fall Classes Begin
OCTOBER 16, 2006
Last day to be considered for Fall
2006 Federal Direct Loans


* Financial Aid Academic Progress
* Financial Aid and Withdrawals
* Can You Afford More Loans
* Financial Aid Q & A
* Verification Tips
* Verification Forms on the Web
* Financial Aid in the News
* Applying for a Student Job at UF
* Apply for Scholarships
* Free Web Scholarship Searches
* Financial Aid 101
* You Can Still Apply for 2006-07
* Florida Bright Futures Info
* Toll-Free Federal Student Aid No.
* Financial Aid Addresses &
Phone Numbers
* Satellite Aid Offices

D. i sion of S ude n A. f f a rs

G I o b a I Co n'l m u n i I ,


Financial Aid Academic

Progress Policy
Respond quickly to academic progress e-mails
UF students receiving financial aid are grades are p,-tcd .ind notifies students
required to maintain satisfactory academic who don't meet minimum requirements
progress according to federal, state, and via e-mail \ ith a link to an academic
institutional guidelines to continue progress petition on ISIS. A-ttetedl
receiving aid. Students with an excessive students n.1i .ppial the d e l .t f inl. ni l [..i. Il
number of withdrawals from courses may aid due to ,.i.cidcmic pio-, re--.
be affected.

Academic progress measures are complex.
They include a minimum, cumulative grade
point average, the number of hours it takes a
student to complete degree objectives, the
percentage of their hours carried and
achieved within given time-frames, and
compliance with a maximum number of
terms that students may receive aid.
SFA reviews the academic progress of all
federal student aid recipients each term after

SFA stronIg) cniu'LII.I -tudenit- 1. h,
receive an academic progress e-mail to
respond immediately to keep their aid
from being delayed.
Petitions are also available from S-107 Criser
Hall and our Web site. For more information
read UF's Financial Aid Academic Progress
Policy on our Web site at
http: / /www.sfa.ufl.edu/infoserv/faq.html#

Financial Aid & Withdrawals

Students who officially withdraw for a term
or stop attending all courses may have to
repay all or part of the financial aid
disbursed to them in that term. Students
should also be aware that withdrawals may
affect their compliance with financial aid
satisfactory academic progress.
Students who withdraw must follow UF's
official withdrawal policy, found on the
SFA Web site at:

Can You Afford More
Students today are graduating with record
loan debts. You can keep track of how much
debt you are accumulating by monitoring
your debt when you complete the direct
loan confirmation process accepting your
loans each year. You can also check the
National Student Loan Database (NSLDS)
at http:/ /www.nslds.ed.gov.

Q.I have unusual circumstances
that might affect my aid award.
What should I do?
A. Check with your financial aid adviser
if any of the following apply to you or
your family, to see if this might affect
your financial aid application.
*Divorce of parents, or you from your
*Death of a major wage earner
*Loss of job of a major wage earner
*Loss of other income or benefits (such
as Social Security or child support) by
you, your parents, or your spouse.
Financial/ Aid NEWS
Summer 2006

http:/ /www.sfa.ufl.edu/receiving/withdra
Official withdrawal from UF,
including withdrawal for students called
to active military service, is coordinated by
the Dean of Students Office (DSO) in 202
Peabody Hall, telephone (352) 392-1261.
More information is provided on the DSO
Web site at:
http:/ /www.dso.ufl.edu/supportservices/

Another resource, the Consumer Credit
Counseling Service of Mid-Florida, a
United Way agency, offers free budget
and credit counseling to teach students
how to prevent future debt problems. For
information, call 1-800-245-1865 or (352)
371-2227; or go to:
http:/ /www.cccsmidflorida.com.

Q.How will I receive my Florida
Bright Futures Scholarship?
A. At the beginning of each semester the
Florida Department of Education will
forward funds to UF As soon as UF has
determined the credit hours for which
you are enrolled at the end of
drop/add, your funds are deposited
into your checking account if you have
signed up for direct deposit; or you are
mailed a check. The amount you will
receive is the amount of your award
minus tuition fees and other money
owed the university.

Be organized,
respond quickly
If you are asked by Student Financial
Affairs (that's us!) to verify
information you supplied on your
FAFSA by providing documentation,
be sure to respond quickly. If you
wait until you arrive at school in the
fall to bring in the documents, your
financial aid may be significantly
The best approach is: don't
panic, just be organized. When you
receive a request for documents, get
the materials together and mail them
to SFA.
We recommend that you keep
track of your financial aid file status
on ISIS. When you sign on to ISIS
and click on "Financial Aid." Select
"Aid Status" under the correct year
to find out if your file is complete, or
what documents are still needed to
complete your application. Your Aid
Status page will provide a link to
each required verification form, if
any, in PDF format.
Local IRS offices cannot provide
tax return copies or transcripts. To
get photocopies of your IRS forms:
call 1-800-829-1040. Select Option 2.
The federal IRS site is
http: / /www.irs.gov.

Verification Forms
on the WEB
SFA's Web site may prove useful for
accessing printable, downloadable
verification forms. If your adviser
suggests it, you can print forms
directly from our site at:
http: / /www.sfa.ufl.edu /pub /forms.


Florida Governor Signs
College-Aid Bill
(NASFAA's Financial Aid News on the
Web, 06/05/06)
"The first members of a family to go to
college would be eligible for a new
financial aid program under a measure
Gov. Jeb Bush signed into law this
morning," the Miami Herald reports.
"Bush pushed for the creation of the 'First
Generation Matching Grant program' in
the wake of university enrollment figures
released last September that showed an
overall decline in the number of black
students attending Florida's 11 public
universities....The idea behind the new
program is to provide another form of
financial assistance to spur families to
send their children to college. It is
modeled after a program already in place
at the University of Florida."
http: / / www.nasfaa.org / publications /200
6 / awfloridalstgen060506.html

Applying for a Stu4
To search for student jobs, use the online
job lists at the following two locations.
1. For on-campus jobs use the main UF
job listings at http:/ /jobs.ufl.edu, which
now lists all Federal Work-Study, Federal
Community Service, and OPS positions.
Students not yet employed by UF should
use the following procedure:
* Go to "Jobs at UF" at: http:/ /jobs.ufl.edu
* Click on "View Job Postings/Apply for

New Aid Rules Make Student
Work a Better Deal
(U.S. News & World Report, 06/02/06)
"Every June, millions of parents say the
same three words to newly graduated
high school seniors: Get a job! But work-
averse teens sometimes argue that it isn't
worth the effort, since every dollar they
earn could reduce future college financial
aid by as much as 50 cents.
... .Get ready to put those work gloves
on. In a move that will no doubt delight
parents, the government has reduced that
penalty for working students.
Starting July 1, 2007, the federal
government won't deduct any of the first
$3,000 of the student's earnings against
need-based financial aid, such as Pell
grants." Read more at:
http: / /www.usnews.com/usnews/biztech
/ articles /060602 / 2studentjobs.htm

dent Job at UF
* Under "Job Categories," check "Student
Click "Search"
Select Jobs that interest you and click
"Apply for Jobs in Basket."
Either Sign In or Register.
Fill out the required fields. Follow
instructions and Submit Your Resume to
complete the application process.
Students who are current UF employees
can reach "Jobs at UF" through myUFL at:

Apply for Scholarships .

Most students applying for financial aid
will need a combination of grants, loans,
work, and scholarships to cover costs.
Obtaining scholarships will help you keep
your loan debt lower. The following tips
will give you some basic guidelines in
your search for scholarships.
* Use free online scholarship searches.
* Apply to as many sources as possible.
Always apply for need-based aid first.
* If you meet basic requirements,
APPLY! Don't apply for scholarships
with qualifications you don't match.
* Apply as far in advance as possible.
* Be complete and concise, but also
creative, in your application materials.

* Avoid spelling and grammatical
errors; ALWAYS have someone else
read and proofread your application
before you send it off.
* Don't talk yourself out of applying. You
have as much of a chance to get 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.

Student Loans, Time for Payback
(Washington Post, 06/01/06)
"Right about this time every year, many
college graduates begin to face reality.
They realize they now have to start
paying back their student loans. For
many, it's the first time they've really
paid attention to how much they've
borrowed and their options for paying
back OPM (other people's money)." Read
more at:
http: / /www.washingtonpost.com/wp-
dyn / content / article / 2006 / 05 / 31/ AR200

https:/ /my.ufl.edu. On the myUFL Menu
select "My Self Service" and then "Jobs at
UF" Follow the instructions above.
2. For off-campus jobs through
community agencies, go to:
http: / /www.sfa.ufl.edu/job.html. For
jobs that interest you, call the contact
person for an interview.

UF Federal School Code

Scholarship Searches

Use the following free scholarship
searches to find scholarships tailored
specifically to you. Please note that
SFA cannot guarantee results from
these sources.

fastWEB: www.fastweb.com
SRN Express: www.srnexpress.com
College Board Scholarship Search:
College Toolkit: CollegeToolkit.com
BrokeScholar: www.brokescholar.com

Financial/ Aid NEWS
Summer 2006

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/TED); Florida
Relay Service: Dial 711; or 1 (800) 392-3008
(TED). Online at: http://sww.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/
Send questions by e-mail to:
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


Financial Aid 101 is a step-by-step
primer on financial aid application
and disbursement designed for new
aid applicants, Preview attendees, or
as a refresher for anyone applying for
or receiving financial aid. It's also a
good intro to our Web site. By the time
you finish (5-15 minutes), you will
know the answers to most of your
financial aid questions.
1. Go to the SFA Web site at
http:/ /www.sfa.ufl.edu.
2. Click on the "Financial Aid 101"
3. Click on "Start the Class."

Questions answered

* How and when do
I apply?
* What happens after I
* How do I keep track of my
aid file?
* How is my aid disbursed?
* What if I am receiving Florida Bright
Futures AND Florida Prepaid?
* What are my PINs? and more....


If you need financial aid for fall 2006,
apply immediately! We encourage you to
apply online using FAFSA on the Web
available with complete instructions at:
Applying online is faster, and the
application has built-in edits to help
prevent application errors. FAFSA on the

Student Aid Number
Use the federal toll-free number-
(1-800-433-3243)-to request a Free
Application for Federal Student Aid
(FAFSA), for application status checks,
duplicate Student Aid Reports (SAR),
changes to institutions listed on the
SAR, and other federal aid info.

Web also has an application status check so
you can track the status of your FAFSA
after you apply. Gator Aid Application
Guides for 2006-07 are available at SFA in
S-107 Criser Hall. Students can apply
online in the SFA Resource Center in the
SFA lobby.

U.S. Department of Education
Student Aid Information Center
P. O. Box 84
Washington DC 20044-0084
(800) 433-3243
(800) 730-8913 (TED)
Federal Direct Loan Servicing Center
1 (800) 848-0979; 1 (800) 848-0983
www.dlssonline.com / tools / sitemap.asp
(choose FAQ)
Federal Direct Loan Consolidation
1 (800) 557-7392; 1 (800) 557-7395 (TED)
"Don't Get Scammed on Your Way
to College" and more, free at
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

O offices Main Office: Student FinancialAffairs 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 Bg.
(352) 392-7800 G208 Student Services Ctr. (353) 392-1275 (ext.3386)
(352) 273-6202

Finance/ Aid NEWS
Summer 2006

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