News

From the Office for Student Financial Affairs

Fall 2015 Financial Aid Newsletter

Thursday, August 27th, 2015

The Fall 2015-16 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:

  • Creating an FSA ID
  • Florida Bright Futures Renewal Requirements
  • Understanding How to Repay your Student Loans
  • Staying Eligible for Financial Aid
  • Direct Deposit
  • Checking the Status of Your Financial Aid
  • Proof of Health Insurance Requirement
  • and more

Fall 2015 Reminders

Wednesday, August 19th, 2015

Fall Rush

Fall Rush officially begins Monday, August 17 and continues through Friday, September 4.

SFA encourages all local students to visit our office in S-107 Criser in person during Rush, as all advisers will be in the lobby assisting students during office hours. Please allow up to two business days for advisers to return voice mails, due to the increased workload.

During Rush, SFA will continue our usual office hours, 8 AM to 5 PM.

Status of Your Financial Aid

Students who have applied for financial aid can access information about the status of their aid online using ISIS. 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 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 ISIS 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 ISIS. 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.

Address to Mail a Scholarship Check

Monday, July 27th, 2015

 

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

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