News

From the Office for Student Financial Affairs

Financial Aid Requirements for Verification

Wednesday, June 10th, 2015

 

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.

 

Tagged as: ,

Summer 2015 Financial Aid Newsletter

Wednesday, May 13th, 2015

The Summer 2014-15 issue of NEWS: Financial Aid for Gators is available for download now.

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

Featured in this issue are:

  • Applying for Summer Financial Aid
  • Budgeting
  • How to stay eligible for Financial Aid
  • UF Direct Deposit
  • Checking the Status of Your Financial Aid
  • Updating your Contact Information
  • Avoiding Student Loan Mistakes
  • and more

How to Create An FSA ID

Tuesday, May 5th, 2015

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

Screen Shot 2015-05-05 at 9.05.46 AM

Summer Financial Aid

Monday, March 9th, 2015

If you plan to enroll for classes during the Summer 2015 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 2014-2015 Financial Aid Status Page at www.isis.ufl.edu and complete the instructions found at the Summer Financial Aid Request link, or go directly to the Summer Financial Aid Request page by clicking here.

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.

Simple steps to transfer tax info into your FAFSA

Monday, January 26th, 2015

It’s time to apply for 2015-16 financial aid by filling out the FAFSA at http://fafsa.gov/

Below is an info graphic on simple steps to transfer tax information into your FAFSA. 

TaxinfotoFAFSA

Tagged as: ,