Changes to FAFSA coming for 2017-18

Mark your calendars to file a 2017-18 FAFSA starting on October 1, 2016. This earlier date will be a permanent change, enabling students to complete and submit their FAFSA earlier. (The 2016-17 FAFSA became available on January 1, 2016.)

Starting with the 2017-18 FAFSA, students will report income and tax information from an earlier tax year. On the 2017-18 FAFSA, students and parents will report their 2015 income and tax information.

More information about FAFSA changes are available here and in the chart below.

2017-18-fafsa-process-changes

Although you must be accepted for enrollment at UF before you are considered for financial aid, you should apply for aid before being admitted. To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. You can file a 2017-18 FAFSA as early as October 1, 2016. UF’s “On-Time” deadline to receive the results of your 2017-18 FAFSA from the federal processor is December 15, 2016. Apply well before December 15 to ensure that the federal processor has time to analyze and send the results of your FAFSA to our office. Financial aid is awarded on a firstcome, firstserved basis so apply as early as possible to be considered for the most, and best aid. 

In order for UF to consider you for a financial aid package, you must be an admitted student and have met the “On-Time” deadline.

 

Summer Financial Aid

If you plan to enroll for classes during the Summer 2016 semester and would like to apply for available financial aid, follow these steps:

  1. Talk to your academic adviser. You will want to plan your schedule in advance and ensure you enroll in the correct classes.
  2. Go to the 2015-2016 Financial Aid Status Page at ONE.UF and complete the instructions found at the Summer Financial Aid Request link.

Your financial aid will be disbursed based upon your total enrollment for Summer A, B, and C classes. If you are paid financial aid based on your enrollment, and subsequently drop classes, you may be placed into repayment.

Please note that Bright Futures funding is disbursed for fall and spring terms. Funds are not available for summer awards, with the sole exception of Innovation Academy students.

Additional information on Summer Financial Aid can be found here.

How to Create An FSA ID

The FSA ID ― a username and password ― has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to fafsa.gov, the National Student Loan Data System (NSLDS®) at www.nslds.ed.gov, StudentLoans.gov, StudentAid.gov, and Agreement to Serve (ATS) at www.teach-ats.ed.gov.

For step-by-step instructions on how to create an FSA ID, visit http://www.sfa.ufl.edu/pub/other/CreateAnFSAID.pdf

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Beware of potential scholarship and financial aid scams

According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, unscrupulous companies may guarantee or promise scholarships, grants or fantastic financial aid packages. Visit the Federal Trade Commission’s website for more information on scholarships and financial aid scams.

Additional links:

Federal Student Aid’s website has information on how to spot potential fraud, avoid paying for free services, and prevent identity theft. This site also has information on how to report fraud and scams.

CollegeBoard.com’s website lists signs of common financial aid and scholarship scams in addition to information on how to report fraud and scams.

 

IRS System for Ordering Tax Return Transcripts

The new IRS system for ordering tax return transcripts is now available. It is called “Get Transcript” and allows users to get a record of past tax returns, also referred to as tax return transcripts. IRS tax return transcripts are used to validate income and tax filing status.

www.irs.gov/Individuals/Get-Transcript

“Get Transcript” allows users to request a tax return transcript to be mailed if the tax return for the chosen year has been processed.

Financial Aid Requirements for Verification

If you visit FASFA on the Web at www.fafsa.gov and complete the Data Retrieval Tool (DRT) process, your IRS tax information will be imported into your financial aid application. This eliminates the requirement to turn in a Tax Return Transcript and W2s. If you are unwilling or unable to use the DRT, you must request a Tax Return Transcript from the IRS and also turn in all W2 forms.

For students that have been selected for verification, please be aware that the IRS Online Get Transcript service is currently unavailable to print an online copy. You can still use this site to order a tax return transcript by mail.

Students can “Get Transcript by Mail” at http://www.irs.gov/Individuals/Get-Transcript. To use “Get Transcript by Mail”, you need your Social Security number (SSN) or your Individual Tax Identification Number (ITIN), date of birth, and address from your latest tax return.

Transcripts can also be ordered by phone at 1-800-908-9946.

Transcripts can be requested by mail with a paper request form – IRS Form 4560T-EZ http://www.irs.gov/pub/irs-pdf/f4506tez.pdf

Notes:

  • Only the first person listed on the federal tax returns can order a transcript.
  • It is free to order or view a tax return transcript.
  • Do not request a Tax Account Transcript or Record of Account because they cannot be used for financial aid verification purposes.
  • The U.S. Department of Education no longer accepts copies of a tax return for verification purposes. The only exception is if you filed amended tax returns.
  • If you filed an amended tax return, you will need to submit a signed copy of your original IRS Form 1040 or a Tax Return Transcript, AND a signed copy of your IRS Form 1040X.

 

UF designated as a military friendly school

The University of Florida has been designated a 2016 Military Friendly School by Victory Media, publisher of G.I. Jobs, STEM JobsSM and Military Spouse. The Military Friendly Schools designation is awarded to the top colleges, universities, community colleges and trade schools in the country that are doing the most to embrace military students, and to dedicate resources to ensure their success both in the classroom and after graduation. Now in its seventh year, the original, premier Military Friendly Schools designation provides service members and their families with transparent, data-driven ratings about post-military education and career opportunities. More information on this designation is available here.

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Address to Mail a Scholarship Check

Private donor scholarship checks may be dropped off in person to S-107 Criser by the student (be sure to endorse if a joint check) or mailed to:

University of Florida
Office for Student Financial Affairs
Attn: Disbursements
P. O. Box 114025
Gainesville, FL 32611-4025

For FedEx or overnight delivery address,
omit the PO Box number and add our physical address of S-107 Criser.

Follow these instructions:

  • If the check is made out to the University of Florida: bring it to the UF Student Financial Affairs office in S-107 Criser Hall or send it to SFA at the address above.
  • If the check is made co-payable to you and the University of Florida: endorse the check and bring it to the UF Student Financial Affairs office in S-107 Criser Hall or send it to us at the address above.
  • If the check is made payable to you only but mailed directly to UF without endorsement: it will be processed through the Disbursement area in Student Financial Affairs (SFA). The check is then mailed, with instructions, to the student’s local address within 5 to 10 days after drop/add or receipt of the check.

NOTES:

A scholarship check made payable to the University of Florida (UF) is placed on deposit with the University Bursar’s (UB) accounting office. Any fees owed to UF will be deducted and excess funds made available to the student via direct deposit or a check mailed to their local address, within 5 to 10 days after drop/add or receipt of the check.

A joint check that has not been endorsed by the student will be disbursed all in one semester; it cannot be split between multiple semesters

It’s time to apply for 2016-17 Financial Aid

Apply Now for 2016-17 Financial Aid

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. You can file a FAFSA as early as January 1 each year. UF’s “On-Time” deadline to receive the results of your FAFSA from the federal processor is March 15. Apply well before March 15 to ensure that the federal processor has time to analyze and send the results of your FAFSA to our office. Financial aid is awarded on a first-come, first-served basis so apply as early as possible to be considered for the most, and best aid.

In order for us to consider you for a financial aid package, you must be an admitted student and have met the “On-Time” deadline.

Spring 2016 Financial Aid Newsletter

The Spring 2015-16 issue of NEWS: Financial Aid for Gators is available for download now.

NEWS is a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue are:

  • Applying for 2016-17 Financial Aid
  • Creating an FSA ID
  • Florida Bright Futures Renewal Requirements
  • Income Driven Repayment Plans for Federal Student Loans
  • Checking the Status of Your Financial Aid
  • Study Abroad Financial Aid
  • How to Stay Eligible for Financial Aid
  • and more

 

Spring 2016 Financial Aid Reminders

Apply Now for 2016-17 Financial Aid

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. You can file a FAFSA as early as January 1 each year. UF’s “On-Time” deadline to receive the results of your FAFSA from the federal processor is March 15. Apply well before March 15 to ensure that the federal processor has time to analyze and send the results of your FAFSA to our office. Financial aid is awarded on a first-come, first-served basis so apply as early as possible to be considered for the most, and best aid.

In order for us to consider you for a financial aid package, you must be an admitted student and have met the “On-Time” deadline.

Status of Your Financial Aid

Students who have applied for financial aid can access information about the status of their aid online using ONE.UF. Under “My Online Services,” under “Financial Aid,” students can select “Aid Status,” “Awards and Disbursements,” or Additional Aid Reporting.” For more information, see SFA’s Check Your Aid Status page.

Students’ aid status is of critical importance at the beginning of the term—any hold could delay disbursement of financial aid funds.

Verification: If you are notified that SFA requires the completion of any verification forms, it is critical that you respond immediately to these requests. Make sure all documents have the necessary signatures. If you have been selected for verification, no aid will be disbursed until verification has been completed. Remember, the amount of aid awarded to you by SFA could change as a result of the information found during verification. More verification info.

Loans: Federal Direct Loan borrowers must “accept” each term’s award on ONE.UF before their funds can be released. Under “Financial Aid” for the appropriate academic year, choose “Awards & Disbursements.” Complete this requirement as soon as possible to ensure that your funds are disbursed at the beginning of the appropriate term. Students may also reduce or cancel Direct Stafford Loans on ONE.UF. If you are sure you don’t want to receive a loan, please cancel it. Students can learn more about the Direct Loan program at StudentLoans.gov.

Employment: If Employment is part of your award package, you have the opportunity to exchange a service (work) for financial assistance. In order to receive this aid, you must find a job. All on-campus jobs are posted through GatorJobs, while off-campus jobs are posted with the Career Resource Center. More Employment Info.

Sign up for direct deposit

UF now requires that all students receiving financial aid sign up for direct deposit.

To sign up, go online to https://my.ufl.edu/ and select “Access myUFL” to login. On the top toolbar, select “Main Menu.” Choose “My Campus Finances,” then “Direct Deposit–Student or PLUS.”

Direct Deposit is the quickest and safest way to receive your financial aid refunds.

Please direct any questions about direct deposit to the University Bursar (UB) at (352) 392-0737.

If you have any questions about your financial aid, please visit our office in S-107 Criser.