News

From the Office for Student Financial Affairs

Summer 2013-14 Financial Aid Newsletter

Wednesday, May 28th, 2014

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The Summer 2013-14 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:

  • Checking the Status of Your Financial Aid
  • Updating Your Address and Contact Information
  • Florida Bright Futures Renewal Requirements
  • Choosing a Student Loan That’s Right for You
  • UF Online Financial Aid Programs
  • and more

 

 

 

 

Financial Aid Reminders for Summer 2014

Friday, May 9th, 2014

No More FAFSA Requirement for Bright Futures

Since May of 2011, potential Florida Bright Futures recipients were told, in no uncertain terms,
“No FAFSA = No $.” According to a bill recently signed into law by Florida Governor Rick Scott, that statement is no longer true.
The new law strips away the requirement that students annually submit a Free Application for Federal Student Aid (FAFSA) in order to be eligible for Florida Bright Futures Scholarship money. The law is effective as of July 1, 2013.
According to the OSFA (Florida Office of Student Financial Assistance) website, “Submission of a Free Application for Federal Student Aid (FAFSA) is NO LONGER required; however, students are encouraged to submit the FAFSA to learn of potential eligibility for additional state and federal aid.”
How It Affects You
Students wishing only to receive Bright Futures, and no federal financial aid, need not complete a FAFSA.
While all additional Bright Futures renewal requirements still apply, students who were required to complete a FAFSA in order to receive Bright Futures during 2012-13 need not complete it for 2013-14.
Students who wish to be considered for need-based aid are still required to complete a FAFSA for 2014-15.

New Bright Futures Amounts

Due to changes implemented by the Florida Legislature, the 2013-14 award amounts have been increased slightly over the 2012-13 levels. For 2013-14,

  • The Florida Academic Scholars Award is $103 per credit hour.
  • The Florida Medallion Scholars Award is $77 per credit hour.
  • The Florida Gold Seal Vocational Scholars Award is $77 per credit hour.
  • The Academic Top Scholars Award is $44 per credit hour.

Tuition and Fee Deferment

Students may be aware that in some situations, payment of their tuition and fees is deferred to a later date. Tuition and fees are normally due at the end of the second week of classes, (Friday, May 23 @ 3:30 pm for Summer A/C and Friday, July 11 @ 3:30 pm for Summer B) but qualifying students are able to postpone payment until the deferred fee payment deadline.
For summer 2014, the deferred tuition and fee payment deadline will be Friday, July 25, 2014.
To see if your fees have been deferred, use myUFL, or check with your financial aid adviser.

All dates and deadlines are subject to change and will be updated accordingly. Please visit the Office of the University Registrar website for academic deadlines and calendars.

IRS Tax Transcripts

If you are notified that your financial aid file is being verified by SFA, you may be asked to provide federal tax documentation. In the past, students have been able to provide copies of their (or their parents’) tax returns. Due to federal regulations, SFA cannot accept copies of tax returns.
In compliance with federal regulations, students (and parents) must provide IRS tax return “transcripts” if they are requested to provide tax information. A tax return transcript provides most of the same line items from your tax return as you originally filed it. UF also requires that all W2s be submitted.
Tax return transcripts, which are free of charge, can be requested using the IRS website, or by phone at 1-800-908-9946.
An alternative to providing a tax transcript is to use the IRS data retrieval tool, available through FAFSA on the Web.

Verification & Quality Assurance

Each year, about 30 percent of students’ financial aid applications nationwide are chosen for “verification,” a process of confirming data supplied by the applicant and/or parents on aid applications. Through verification, UF resolves discrepancies on students’ aid applications.
UF’s participation in the Federal Quality Assurance Program allows us to establish verification criteria for UF and determine which student files must be verified. Because of this, you should disregard any statement on your Federal Student Aid Report (SAR) that you are being verified.
If your application is selected for verification or quality assurance, or if there are discrepancies on your aid application information, you will receive an email from us alerting you to check your financial aid status on ISIS to determine which documents to provide.
Aid funds cannot be disbursed until you have submitted all requested documents and their accuracy has been checked. The review process can take four weeks or longer.

New Withdrawals Procedure @ Registrar Site

Students considering withdrawal from UF should visit the Registrar’s withdrawal page for specific information about the financial and academic consequences of withdrawal. The withdrawal process is now electronic—further instructions are available at the above link.

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Money Talks sessions at CRC

Monday, March 31st, 2014

 

Please join
Student Financial Affairs
and the
Career Resource Center
for

Money Talks

 

Location: CRC Library
Date: April 9th
Time: 4 p.m. – 6 p.m.

 

Session #1
4:00 – 5:00 p.m.

How your money works

Learn about:
How to get your finances in order
How you can get involved on campus
Presented by  Dr. Michael Gutter, Associate Professor, FYCS

 

Session #2
5:00 – 6:00 p.m.

Preparing for a career in the financial industry

Learn about:
How to prepare to work and live as a financial industry professional
Presented by the Career Resource Center

 

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FAFSA Workshops in Residence Halls

Tuesday, February 25th, 2014

 

During February, Student Financial Affairs’ staff will be available in different residence halls on campus. During these workshops, students can talk to financial aid professionals about any aspect of the financial aid process, but these sessions focus primarily on helping students complete their Free Application for Federal Student Aid (FAFSA) application before the March 15 deadline.

UF students who need help filling out and submitting the FAFSA can also visit the Student Financial Management Center (SFMC) to set up an appointment. The SFMC is located in the lobby of the Student Financial Affairs office in S-107 Criser Hall. Appointments can also be made by phone at 352-294-3284 and are available Monday through Friday from 9 a.m. to 4 p.m in the SFA lobby in addition to the special sessions in residence halls.

Bring a completed copy of your 2014-2015 FAFSA Worksheet, 2013 tax returns (both student and parent) and W-2’s.

FAFSA Workshops

Tuesday, February 25: Broward Area Library from 10 am – 3 pm

Wednesday, February 26: Murphree Area Conference Room from 10 am – 3 pm

Thursday, February 27: Graham Area Room from 10 am – 3 pm    

Appointments are 30 minutes.

Seven Easy Steps to the FAFSA 2014-15

Monday, February 10th, 2014

 

View this video tutorial for the Student’s Guide to the Free Application for Federal Student Aid:

http://www.finaid.ucsb.edu/fafsasimplification

 

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