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Financial aid news
Full Citation
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 Material Information
Title: Financial aid news
Physical Description: Serial
Language: English
Creator: Office for Student Financial Affairs, University of Florida
Publisher: Office for Student Financial Affairs
Place of Publication: Gainesville, Fla.
Publication Date: 2011
Copyright Date: 2010
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
System ID: UF00087108:00031


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N EW S Financial Aid

Sfor Gators
From the Office for Student Financial Affairs Summer 2010-11

Bright Futures Funding for Graduate Students

Lots of Details...


In 1997, the Florida Legislature created
the Florida Bright Futures Scholarship
Program to reward students for their
academic achievements during high
school by providing funding to attend
postsecondary education in Florida.
While many undergraduate students take
advantage of FBFS, it is worth noting
that Bright Futures can be used to fund
one term of graduate study, with several
To be eligible for graduate funding,
students must have hours remaining on
their BFFAS or BFFMS award. In addition,
students must earn their bachelors degree
in either:
* 7 or fewer semesters of funding
(summers are not included) or
* 105 or fewer semester hours and have
time remaining on their program (7
years for 2009-10 high school graduates
and earlier, 5 years for 2010-11 high
school graduates and thereafter).
To be eligible, students must also graduate
in December of 2010 or later.
Students do not have to use their first
semester of graduate funding in the term
immediately following their graduation,
but they DO have to use the money within
their program time limit.
There are some special circumstances in
terms of how Bright Futures are disbursed
to graduate students.
1. The student can receive 1-15 hours
of Bright Futures award at the
undergraduate rate, depending on
their enrollment and how many hours
are remaining on their award.
2. Students do not have to be enrolled

in at least 6 hours, they can be paid as
long as they are enrolled in one hour
or more.
3. Students must request graduate
funding from their financial aid
adviser in order to be manually
calculated. Graduate students will
be calculated after all undergraduate
groups are calculated.
Confused? Maybe some examples would help.
* A student earns a baccalaureate degree
in seven semesters in which student
was funded for 124 semester hours.
Since the student only has eight hours
remaining on his Bright Futures award
(132 maximum hours 124 funded
hours = 8 remaining hours), the
student may only be funded for eight
hours of graduate study.
* A student earns a baccalaureate
degree in seven semesters in which
student was funded for 104 semester
hours. Since the student has 28 hours
remaining on her Bright Futures award
(132 maximum hours 104 funded
hours = 28 remaining hours), the
student may still only be funded for 15
hours of graduate study, the maximum
* A student earns a baccalaureate degree
after 95 semester hours of Bright
Futures funding over 10 semesters.
Even though the student has 37
semester hours (132 maximum hours
95 semester hours = 37 remaining
hours) on her Bright Futures award,
she may only receive funding for a
maximum of 15 semester hours.
We encourage students with questions
about Bright Futures funding for graduate
study to visit our office and speak with a
financial aid adviser.




S Subscribe to


SFA's Scholarship Search
Avoiding Scams & Identity
Robert C. Byrd Honors
Scholarship Update
Financial Aid in the News:
Class of 2011: Most Indebted Ever
Credit Card Companies Go Back
to School
Summer Pell Update
Ways to Pay
SFA's Scholarship Engine
SFA Calendar

The Foundation for The Gator Nation

SF Is A Dep:rl ner i ci of he D, s is,.n c f: Enrollmenr Alanogemenr

Avoiding Scams & Identity Theft
Hints from

One of the U.S. Department of
Education's websites,
is a great resource for students looking
to educate themselves about financial
aid and the many resources available to
them. encourages students to be
responsible for their own financial life,
and to be 'money smart.' Part of being
money smart is being aware of common
scams aimed at financial aid recipients.
Many services claim to be able to help
the student find financial aid money,
for a fee. Services like this are often
bogus, since the federal government
provides a huge amount of information
free of charge, as do libraries, high
school counselors, and many other
organizations. advises to
never pay for what you can get free of
Another way that students can be more
'money smart' is by protecting their
identities at every step of the financial
aid process. From the "How to Pay"
section, here are some pointers from
Practice safe browsing: after completing
your FAFSA online, exit the application
and close the browser.
Don't tell anyone your Federal Student
Aid PIN, not even the person helping
you to fill out the application.
Review your financial aid documents
and keep track of the amounts you

applied for and received.
Never give personal information over
the phone or internet unless you made
the contact yourself.
Keep receipts and documents with
personal information in a safe place and
shred them when you are done with
Immediately report lost or stolen
identification to the issuer and to the
police, if appropriate.
Only use your credit cards to make
purchases online when you are sure the
site is secure and your computer has up-
to-date virus protection.
Visit the Financial Literacy section
at Student Aid on the Web at www. for more complete
financial planning advice.

11-12 PLUS

Loan Application

Available Now

For some time now, students
should have been aware of the
extended functionality of the Fed's
federal loan website, http:/ /www.
This portal site is a student's first
stop for managing student loans,
* viewing loan documents
* entrance counseling
* signing MPNs (master
promissory notes) and
* requesting a PLUS Loan

As of May 1, the PLUS Loan
request function for the 11-12
academic year is fully functional,
almost 90 days ahead of schedule.

Robert C. Byrd Scholarship Ending?

The Robert C. Byrd Honors Scholarship Program is a
federally-funded, state-administered scholarship program
that awards students based on academic achievement. The
Byrd scholarship was established in 1985 and provides
renewable awards of $1,500 per academic year to qualified
students. Nationally, over 27,000 scholars are supported by
the program (more than 400 at UF), to the tune of over $40
million annually.
Despite a long and successful history, all indications are that
federal funding of the Byrd scholarship will not continue
for the 2011-12 academic year. While individual states
have the option of funding the program in the absence of
federal funding, given the current economic climate, it is

unlikely that the State of Florida would fund the program
It is important to note that this potential change in funding
is not final-the federal budget is still being negotiated in
Washington, D.C., and Florida governor Rick Scott has yet to
sign the state budget. In both cases, last-minute changes are
SFA encourages past Robert C. Byrd scholarship recipients
to stay in touch with our office- we will notify students as
soon as definitive information is available. In the meantime,
recipients may wish to pursue other sources of funding.

NEWS: Financial Aid for Gators
Summer 2011

Financial Aid in the News

Class of 2011 is the Most Indebted Ever
(RealTime Economics . Wall Street Journal, Retrieved May 23, 2011)
The Wall Street Journal reports that the graduating class
of 2011 is set to be the most indebted graduating class
ever. While other sectors of society are gradually reducing
consumer debt levels, student loan debt for the 2011
graduating class is on the rise, reaching a mean of $18,000
and an average of more than $22,900, according to Mark
Kantrowitz, publisher of Among factors
contributing to this rise may be rising tuition (nationwide,
it's up an average of 5% each year) and parents who may
increasingly be struggling in today's economy.
While the Wall Street Journal still figures that borrowing for
a college education is a sound financial move, that doesn't
mean it should be done lightly. As average starting salaries
for recent grads dip downward (down to $36,866 from
$46,500), student loans can be a significant burden after
graduation. Even in the case of bankruptcy, student loans are
difficult to shed.

Summer Pell: What You Need
And What Is the 'Second 100%'?

Some students may have recently
received an email from SFA notifying
students that they have been awarded a
second scheduled Pell Grant award for
the Summer 2011 semester.
Students may be confused about the
whole concept of a 'second Pell Grant,'
which is also commonly referred to as
'year-round Pell.'
Students who receive funding for a
second Pell distribution (also known
as "the second 100%") are receiving
this award because they have met the
following three criteria:
* They received 100% of the first
scheduled Pell award for the 2010-
2011 academic year.
* They are currently enrolled in at
least 6 credit hours for the Summer
2011 semester (Summer A, B, and /
or C).
* They will complete more than 24
credits during the academic year,
including the credits you register for
in the Summer 2011 semester.
In order for students to maintain
eligibility for their second scheduled
Pell Grant award, they must remain

enrolled in and suc
least 6 credit hours
semester. Failure to
complete forfeiture
second scheduled I
SFA'S website has i
about this confusion
Summer Aid page,
edu / applying / sun
In addition, our Sp
featured an in-dept
round Pell Grant. S
download the Sprii
from our website: h
Please contact SFA
or concerns regard
financial aid matter
Visit our website ar
SFA" to determine
advising team has

Credit Card Companies Go Back to School
(Wall Street Journal, Retrieved May 23, 2011)
The Credit Card Accountability, Responsibility and
Disclosure (CARD) Act, passed by Congress in 2009, was
an effort to stop credit card companies from engaging in
predatory lending practices aimed at students. But just two
years after the bill's passage, credit card companies are,
predictably, finding loopholes in the law, and are continuing
business as usual around campuses nationwide.
The act outlawed the practice of tabling on campus,
soliciting students under the age of 21 (unless they have a
cosigner), and the common practice of giving gifts (t-shirts,
frisbees, etc.) or inducements in exchange for applying for a
credit card. The loophole? The law only prohibits "tangible"
gifts, so credit card companies simply offer online coupons
or bonuses. And instead of tabling on campus, companies
simply set up shop in areas frequented by students off-
Students should sign credit agreements based on research
and comparisons, not by a salesperson's testimony.


Students can pay UF fees using
the following methods:
cessfully complete at the following methods:
for the Summer 2011 Electronic Funds Transfer
Sdo so will result in (EFT) Use "Make A Payment"
of eligibility for the within myUFL. No service
'ell Grant award. charge.
nore information Online credit card payments
g topic on our Use "Make a Payment" within
http:/ /www.sfa.ufl. myUFL. There is a 2.,. service
imer-aid. charge. Visa is not accepted.
ring newsletter GatorParent Payment Access
*h article on year- Add parents to your account
students can read or using myUFL, "My Campus
ng 2011 newsletter Finances." There is a 2 ..
ittp:/ /www.sfa.ufl. service charge.
)llSpringNews.pdf. Personal check, cashier's
if you have questions check, or money order (secure
ng this or any other drop box or USPS) There
ng this or any other
is no service charge for this
payment method.
nd choose "Contact
i cho financial ad Remember, UFS will pay
oldest debts first.
been assigned to you.
-- 1U Yrg-pa

NEWS: Financial Aid for Gators
Summer 2011

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UNIVERSITY of SFA's Scholarship Search Engine
U FLORIDA www.sfa.ul. edu/search
The Foundation for The Gator Nation

Office for Student Financial Affairs
S-107 Criser Hall, P. O. Box 114025
Gainesville, FL 32611-4025
(352) 392-1275
NEWS Financial Aid for Gators 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: Harry Monkhorst

NEWS Financial Aid for Gators is available
in other formats for students with documented,
print-related disabilities. Students who are
speech- or hearing-impaired can contact the
Florida Relay Service.
Dial 711 or 1-800-955-8771 (TTY)
Online at
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.

To better help students secure the
necessary funding to pursue their
educational goals at the University
of Florida, the Office for Student
Financial Affairs (SFA) has launched
a comprehensive Scholarship Search
Engine, at search.
The Search Engine is a database of
both college-awarded and non-UF
scholarships available at the University
of Florida. It is the most current, up-
to-date listing of UF scholarships. We
get our information directly from the
colleges and departments each year as
we prepare our Gator Aid Handbook.
The Scholarship Search Engine allows
users to search in three ways:
Simple, text-based search, which
works like a Google search.

MAY 30
Memorial Day Holiday

Summer A Classes End

Summer B Classes Begin
Summer A Short-Term Loan Repayment

Holiday-Independence Day
Summer B/C Short-Term Loan
Repayment Deadline

August 5
Summer B/C Classes End

Guided Search, which allows users to
search by a number of criteria, such
as college, major, deadline, degree,
required GPA, and required class
Advanced Search, which allows users
to choose multiple criteria and search
within the results.
Users can also save scholarship
searches, as well as email the results to
themselves or a friend.
Using RSS, students can subscribe to
the "feed" from any academic unit
(college or department) and their web
browser or feed aggregator will alert
them automatically when listings are
updated or added.
We hope the Scholarship Search
Engine will be a useful resource for
students (and staff) at the University of

Student Aid Number
1-800-4-FED-AID (1-800-433-3243)

Florida Bright Futures

For information about application,
renewal requirements, reinstatements,
restorations, appeals, summer awards,
and other topics, go to the
Florida Department
of Education
Web site,
Send questions by e-mail:
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

Satellite Aid
College of Dentistry
Tom Kolb
Dental Tower, D3-#19E
Health Sciences Center
(352) 273-5999

O ffi ces 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 MBA/Graduate
Carol Huber Eileen Parris Professions; Nursing; Pharmacy; & Business Programs
164 Holland Hall M-128 Health Sciences Veterinary Medicine Connie Reed
Mike Menefee
(352) 273-0620 Center HPNP Bldg. Hough 203
(352) 273-7939 G208 Student Services Ctr. (352) 273-4960
(352) 273-6202

NEWS: Financial Aid for Gators
Summer 2011

U.S. Department of Education

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