SFA Summer 2018 Newsletter

Welcome to the online version of the Summer 2018-19 issue of NEWS: Financial Aid for Gators — a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue:

#SS18summer2018 Summer Financial Aid Information
#SS18budgetBudgeting Tips for Students
#SS18eligibleStay Eligible for Financial Aid
#SS18directSign Up for Direct Deposit
#SS18verificationHas Your FAFSA Been Selected for Federal Verification?
#SS18questionsHave Financial Aid Questions or Need Additional Information?
#SS18moreand Additional SFA Information

2018 Summer Financial Aid Information

If you enrolled in classes during the Summer 2018 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 2017-2018 Financial Aid Status Page at https://student.ufl.eduhttps://student.ufl.edu and complete the instructions found at the Summer Financial Aid Request link.

If you are paid financial aid based on your enrollment, and subsequently drop classes, you may be placed into repayment.

Please note that 2018 summer Bright Futures funding is only available for eligible Florida Academic Scholars and Innovation Academy students.

Receiving Summer Aid

Your financial aid will be awarded based on projected full-time enrollment for Summer.After summer A/C drop/add ends, your budget will be revised to reflect your actual costs and your aid may be adjusted based on your total enrollment for Summer A, B, and C classes.

Your aid will be disbursed after you begin summer attendance. If you are enrolled during Summer A/C, and your total summer enrollment (Summer A, B, and C) is at least half-time, then your financial aid for the entire summer will be disbursed up-front. If you are enrolled only in classes during Summer B, your aid will not be released until your classes begin.

Tuition/fees for summer will be calculated based on your total enrollment for Summer A, B, and C. All unpaid tuition/fees and housing charges will be deducted from your financial aid before disbursement.

Most aid programs require that you enroll at least half-time.

Federal Work-Study students must enroll for at least six credit hours to be eligible to work during the summer.

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. Be sure to communicate with your academic adviser and financial aid adviser prior to making changes to your schedule.

UF Policy Summer Attendance

The academic year at UF consists of three semesters beginning with fall and ending with summer. Freshmen and sophomores entering the State University System must complete at least nine credit hours during a summer session to graduate, with the exception of the student who earns nine credit hours via the Bright Futures acceleration mechanism. SFA supports this requirement, and summer money may be offered if:

  1. Federal or institutional funds remain for summer awards after fall and spring semester needs are met; or
  2. You choose to attend summer session instead of one of the other two semesters (for instance, attend fall and summer semesters and work spring semester) and you are awarded for fall/spring initially and notify us of your decision to attend summer instead of fall or spring. Students should go to https://student.ufl.edu, click on the appropriate academic year, then “Aid Status,” and complete the Summer Aid Request. See enrollment requirements for receiving aid.

For more information, contact a financial aid adviser.  http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/www.sfa.ufl.edu/contact-sfa

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Budgeting Tips for Students

While you’re in college, you’ll need to learn how to manage your finances, plan for changes, and prepare for the unexpected. Budgeting will help you build decision-making skills and help you reach your financial and academic goals.

  1. Overestimate your expenses.
    It’s better to overestimate your expenses and then underspend and end up with a surplus.
  2. Underestimate your income.
    It’s better to end up with an unexpected cash surplus rather than a budget shortfall.
  3. Differentiate between needs and wants.
    One benefit of budgeting is that it helps you determine if you have the resources to spend on items that you want versus those you need.
  4. Involve your family in the budget planning process.
    Determine how much income will be available from family sources such as parents or a spouse. Discuss how financial decisions will be made.
  5. Prepare for the unexpected by setting saving goals to build an emergency fund.
    – Budgeting will help you cover unusual expenses and plan for changes that may happen while you’re in school.
    – Planning to move off campus? Short-term budgeting goals for the year can include saving for the rent deposit and furniture for your new apartment.
    – Starting an internship next semester? Adjust your budget to save for buying new clothes to wear to work and paying increased transportation costs.
    – Finishing school in the next year? Budget to include job search expenses such as résumé preparation, travel to interviews and job fairs, and professional exam fees. Also, you may need to think about how you will manage your money between leaving school and finding a job—this is a time when an emergency fund can really help out.
  6. Expect the unexpected.
    Your emergency fund should be used for expenses that fall outside the categories of annual and periodic bills. Redefine your notion of “unexpected” bills to encompass these unforeseen events rather than more common but infrequent expenses. The good news is that if you do not use your emergency fund, you will have savings—which should always be a priority when managing your finances. And, if you do not have to use your emergency fund, you may avoid unnecessary borrowing.
  7. Only borrow what you need.
    If your living expenses are not going to be as high as the amount on your award letter, you have the right to turn down the loan or to request a lower loan amount. If you have any questions or don’t understand what types of loans are in your award letter, contact your adviser. Always ask questions and be an informed borrower. Make sure you understand what you’re receiving and the repayment terms.

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Stay Eligible for Financial Aid

You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree.

Students who fail to meet the following criteria will be ineligible for federal, state, and/or institutional scholarship and grant funds:

  • maintain the required cumulative grade point average,
  • successfully complete the required percentage of attempted coursework,
  • complete their program of study within the prescribed length of time.

Read about the quantitative and qualitative components you must meet to maintain your eligibility for financial aid on SFA’s http://www.sfa.ufl.edu/process/additional-information/satisfactory-academic-progress-policy/Satisfactory Academic Progress webpage.

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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/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.
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Has Your FAFSA Been Selected for Federal Verification? 

You may receive emails from UF Student Financial Affairs alerting you that you have been selected for verification. “Federal Verification” is a review process, mandated by the federal government, to check the accuracy of information reported on financial aid documents submitted by students and their families. Nationwide, the federal government selects more than 30 percent of student financial aid applications for verification.

If your application is selected for verification, check your financial aid “to do” items at https://one.uf.edu/ONE.UF to determine what documents to provide.

Aid funds cannot be disbursed to you until you have submitted all requested documents and the accuracy of the information has been reviewed. Aid funds already disbursed may be entered into repayment if documentation is not received.

Verification Tips 

  • Submit all documents requested by SFA as soon as possible.
  • Be sure all documents are signed.
  • Be sure your name and UFID are on all documents you submit.
  • To request a Tax Return Transcript and/or W-2 information, call the IRS at 1-800-908-9946 or go online to https://www.irs.gov/Individuals/Get-Transcripthttps://www.irs.gov/Individuals/Get-Transcript.
  • Keep photocopies of all information you submit and record the date you submitted the documents.
  • Keep photocopies of all W-2’s and request an IRS Tax Return Transcript to keep on hand.

IRS System for Ordering Tax Return Transcripts

The 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. http://www.irs.gov/Individuals/Get-Transcripthttp://www.irs.gov/Individuals/Get-Transcript
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Have financial aid questions or need additional information?

The quickest way to get assistance with your financial aid is to submit your request online at http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/www.sfa.ufl.edu/help.http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/Graphic for HelpUndergraduate and graduate students may request additional information or ask financial aid questions:

Undergraduate students enrolled in UF Online can get assistance with financial aid:

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Visit the http://www.sfa.ufl.edu/resources/calendar/SFA Calendar for important dates and deadlines.

Contact information for your financial aid adviser is available on http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/SFA’s Contacts webpage.

Summer 2018 SFA News

The Summer 2018 issue of NEWS: Financial Aid for Gators — is available in http://www.sfa.ufl.edu/pub/news/1718SummerNews_email.pdfPDF format for Summer 2018.

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:     Rick Wilder
Editor:     Sharon Eyman

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) http://www.ftri.org/FloridaRelayhttp://www.ftri.org/FloridaRelay

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.

http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/Contact SFA
UF Federal School Code: 001535
Visit SFA on Social Media    https://www.facebook.com/UFSFAFacebook    https://twitter.com/UFSFATwitter    https://www.instagram.com/ufsfa/Instagram     https://www.youtube.com/user/UFSFAYouTube

2018-19 Bright Futures Awards

Governor Scott has signed Senate Bill 4 into law, which impacts some of our state programs, especially Bright Futures and Benacquisto beginning 2018-19, as follows:

  • Florida Academic Scholars (FAS) will continue to receive 100% of tuition and applicable fees plus a $300 educational expense stipend in Fall and Spring.
  • Florida Medallion Scholars (FMS) will receive 75% of tuition and applicable fees in Fall and Spring. They will not receive the $300 educational expense stipend.
  • Both FAS and FMS recipients will be eligible to receive their awards during Summer 2019. Neither level will receive the $300 stipend for summer. 
  • Benacqustio will become available to non-Florida residents who are National Merit finalists and choose UF as their #1 school. This change takes effect in Fall 2018.

Additional information will be available as Student Financial Affairs receives guidance from the Florida Office of Student Financial Aid (OSFA).

Student Financial Affairs is preparing financial aid award notices with these changes. 2018-19 Financial Aid Awards will be posted on ONE.UF when available.

Information on Summer 2018 Bright Futures Awards is available http://www.sfa.ufl.edu/news/summer-2018-bffas/here.

Summer 2018 Bright Futures Awards for Florida Academic Scholars

  • Current Bright Futures Florida Academic Scholars (BFFAS) are eligible to receive funding in summer 2018. The BFFAS award pays 100% of applicable tuition and fees. The summer award amount does not include the $300 college-related expenses stipend.
  • UF students do not need to notify the Office for Student Financial Affairs (SFA) if they plan to attend classes in summer 2018 and only receive BFFAS. As long as eligible recipients are enrolled in at least 6 credit hours at the end of the drop/add period for summer, the BFFAS award will be calculated and disbursed.
  • In order for BFFAS to receive Bright Futures awards as a transient student, students must be enrolled at least halftime in any eligible State of Florida university or college.
  • Transient students are required to provide additional documentation (such as a completed transient form from FloridaShines). http://www.sfa.ufl.edu/types-of-aid/bright-futures/florida-bright-futures-program-details/Additional details about Bright Futures for transient students.
  • If UF is your home institution and the BFFAS student attends another eligible State of Florida institution in the summer, the student should check with that institution to see if they quality for a Bright Futures tuition and fee deferment. If not, the student should be prepared to pay tuition and fees until their Bright Futures award disburses.
  • Summer Bright Futures awards have only been approved for Florida Academic Scholars for the 2017-18 year. 2017-18 Florida Medallion Scholars will not receive funding for Summer 2018.
  • Students admitted for the 2018-19 academic year are eligible for Bright Futures Florida Academic Scholars funding in summer 2018 if they were admitted for the summer 2018 and are degree-seeking. Students who were admitted for fall 2018 are not degree-seeking until that term begins and cannot receive Bright Futures awards prior to fall 2018.

SFA Spring 2018 Newsletter

Welcome to the online version of the Spring 2018-19 issue of NEWS: Financial Aid for Gators — a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue:

#S18QuestionsGet Answers to Your Financial Aid Questions
#S18BFFlorida Bright Futures Renewal Requirements
#S18abroadInformation and Financial Aid Assistance for Study Abroad
#S18eligibleStay Eligible for Financial Aid
#S18consumerConsumer Information
#S18creditLearn More About Credit Scores
#S18loansManage Your Student Loans
#S18applyApply for 2018-19 Financial Aid
#S18moreand additional SFA information

Have financial aid questions or need additional information?

The quickest way to get assistance with your financial aid is to submit your request online at http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/www.sfa.ufl.edu/help.

http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/Graphic for Help

Undergraduate and graduate students may request additional information or ask financial aid questions:

Undergraduate students enrolled in UF Online can get assistance with financial aid:

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Florida Bright Futures Renewal Requirements

All Bright Futures recipients are required to meet minimum credit hour and GPA requirements in order to renew their award each year. Students enrolled full time for both semesters are required to earn at least 24 semester hours in order to renew their award at the end of each academic year.  For students not enrolled full time for both semesters, the hours required to renew are prorated.

Students who do NOT earn the credit hours for which they were funded by the end of the evaluation period will be TERMINATED from the scholarship program.

Students who do NOT earn their program’s required GPA at the end of their first evaluation period will be permitted a one-time restoration opportunity.  Traditional students receiving funding during fall/spring will be permitted a one-time summer opportunity. Innovation Academy students receiving funding during spring/summer will be permitted a one-time fall opportunity.

Bright Futures  Renewal Predictor

Determining exactly how many hours you will need to renew your particular Bright Futures award can be confusing. SFA has created a http://www.sfa.ufl.edu/programs/bright-futures/renewal/Renewal Predictor to aid you in determining your individual renewal requirements.

For more information, students should contact the FDOE Office of Student Financial Assistance at 1-888-827-2004. http://www.floridastudentfinancialaid.org/www.floridastudentfinancialaid.org

Florida Bright Futures Repayment Policy

Students will be required to repay their award hours for any course dropped or withdrawn after the drop-add period.

Hours repaid for dropped or withdrawn courses are added back to the student’s total semester hours available, and are not included in the student’s total credit hours required to renew the award.

Repayment for the cost of dropped or withdrawn award hours is required to renew a Bright Futures award for the subsequent academic year.

Nonpayment of dropped or withdrawn Bright Futures award hours may also negatively affect renewal eligibility for other state programs.

Bright Futures renewal requirements

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Information and Financial Aid Assistance Available for Study Abroad

Student Financial Affairs has a Study Abroad financial aid coordinator who is dedicated to advising students on financial aid matters for their overseas studies. For assistance with financial aid for Study Abroad, contact Allison Costa in S-107 Criser Hall, via phone at 352-294-3228 and email at mailto:allisoncosta@ufl.eduallisoncosta@ufl.edu. Students can also submit a request online at http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/http://www.sfa.ufl.edu/help/www.sfa.ufl.edu/help.

Information on financial aid for Study Abroad programs is also available on the http://www.sfa.ufl.edu/additional/study-abroad/ SFA Study Abroad webpage.

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Stay Eligible for Financial Aid

You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree.

Students who fail to meet the following criteria will be ineligible for federal, state, and/or institutional scholarship and grant funds:

  • maintain the required cumulative grade point average,
  • successfully complete the required percentage of attempted coursework,
  • complete their program of study within the prescribed length of time.

Read about the quantitative and qualitative components you must meet to maintain your eligibility for financial aid on SFA’s http://www.sfa.ufl.edu/process/additional-information/satisfactory-academic-progress-policy/Satisfactory Academic Progress webpage.

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Consumer Information

The University of Florida is committed to providing important information to its students, faculty and staff. Consistent with this commitment and pursuant to the university’s notice and reporting obligations under various laws, additional information can be found on the UF https://student.ufl.edu/consumerinfo.htmlconsumer information webpage.

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Learn More About Credit Scores

Students should be familiar with credit scores. Your credit score is a three-digit number that has a long-lasting effect on your buying power. When you apply for credit, your credit score will be checked. The higher your credit score, the better the chances you will be approved.

Although there are several scoring methods, the most widely accepted one comes from FICO. Your FICO score ranges from 300 to 850. These items make up your FICO score:

35 percent is based on your payment history. Early payments will have a higher number than on-time payments, which will have a higher score than late payments.

30 percent is based on outstanding debt. This outstanding debt is how much you owe on car loans, mortgages, credit cards, etc. The number of credit cards you have and if those cards are near the maximum borrowing limit will hurt your score.

15 percent is based on the length of time you have had credit. The longer you have been borrowing money and paying it back in a timely manner, the better your score.

10 percent is based on new credit. If you have opened several new accounts, that will have a negative effect on your score. Also, the more inquiries on your credit report in a year, the lower your score.

10 percent is based on the types of credit you currently have. It helps to have a mix of loan types. If you have a credit card, an installment loan will even the credit out.

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Manage Your Student Loans

Did you know that you can manage and monitor your student loans while in school?

http://www.iontuition.comhttp://www.iontuition.comIontuition is a free resource for students to manage and monitor federal and private student loans. Take control of your student loans and improve your financial knowledge with your FREE iontuition account.

Visit http://www.iontuition.comhttp://www.iontuition.comwww.iontuition.com today to find out more.

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If you haven’t already filled out the 2018-19 FAFSA, do it today!

The 2018-19 https://studentaid.gov/fafsaFAFSA launched on October 1, 2017.   UF’s “On-Time” deadline was December 15, 2017, but you can still file a FAFSA at studentaid.gov. Complete the FAFSA as soon as possible to be considered for the most and best aid.

Have questions or need help? Get free assistance at studentaid.gov or 1-800-433-3243 or visit with your Student Financial Affairs financial aid adviser.
http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/www.sfa.ufl.edu/contact-sfa

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Visit the http://www.sfa.ufl.edu/resources/calendar/SFA Calendar for important date and deadlines.

Contact information for your financial aid adviser is available on http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/SFA’s Contacts webpage.

Spring 2018 SFA News

The Spring 2018 issue of NEWS: Financial Aid for Gators — is available in http://www.sfa.ufl.edu/pub/news/1718SpringNews_email.pdfPDF format for Spring 2018.

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:     Rick Wilder
Editor:     Sharon Eyman

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) http://www.ftri.org/FloridaRelayhttp://www.ftri.org/FloridaRelay

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.

http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/Contact SFA
UF Federal School Code: 001535
Visit SFA on Social Media    https://www.facebook.com/UFSFAFacebook    https://twitter.com/UFSFATwitter    https://www.instagram.com/ufsfa/Instagram     https://www.youtube.com/user/UFSFAYouTube

Apply Now for 2018-19 Financial Aid

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 studentaid.gov. You can file a 2018-19 FAFSA as early as October 1, 2017. 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 a degree-seeking, admitted student.

 

SFA Fall 2017 Newsletter

Welcome to the online version of the Fall 2017-18 issue of NEWS: Financial Aid for Gators — a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue:

#applyApply for 2018-19 Financial Aid on October 1
#BFUpdate2017-18 Bright Futures Update
#PellYear Round Pell Grant Update
#BFFlorida Bright Futures Renewal Requirements
#abroadInformation and Financial Aid Assistance for Study Abroad
#eligibleStay Eligible for Financial Aid
#consumerConsumer Information
#statusF18Check your Financial Aid Status at ONE.UF
#creditCredit Card Tips
#markMark your Calendar to Apply for 2018-19 Financial Aid
#moreand additional SFA information

Apply for 2018-19 Financial Aid on October 1

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov/fafsahttps://studentaid.gov/fafsahttps://studentaid.gov/fafsahttps://studentaid.gov. You can file a 2018-19 FAFSA as early as October 1, 2017. UF’s “On-Time” deadline to receive the results of your 2018-19 FAFSA from the federal processor is December 15, 2017. 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 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 a degree seeking admitted student and have met the “On-Time” deadline.

What can students do to prepare for 2018-19?

  1. Use Your FSA ID
    Create an FSA ID at https://studentaid.gov/studentaid.gov. An FSA ID gives you access to Federal Student Aid’s online systems and can serve as your legal signature. You must have an FSA ID before you can file a FAFSA.
  2. Apply Online
    SFA recommends filing online using the FAFSA website. Filing an online FAFSA can save you weeks of processing time. The online application also has edit checks to catch errors. The online application is available at https://studentaid.govstudentaid.gov.
  3. Apply Early
    Apply starting October 1, 2017. For your application to be considered “On-Time,” SFA must receive your FAFSA results, with a calculated Expected Family Contribution (or EFC), by December 15, 2017. Keep in mind that you are submitting your FAFSA to the federal government, not to the University of Florida. Submit your FAFSA weeks before the December 15 deadline so that there is enough time for your FAFSA data to reach our office before the deadline. Apply as early as possible to be considered for the most, and best aid.
  4. Use the IRS DRT
    The 2018-19 FAFSA will use 2016 income and tax information for students and parents. Use the IRS Data Retrieval Tool (DRT) when possible to automatically import your tax information into your FAFSA.
  5. Reapply Every Year
    Don’t make the mistake of assuming that financial aid magically renews itself—students must reapply each year by filling out the FAFSA.

Have questions or need help?

Get free assistance and answers at https://studentaid.gov/fafsahttps://studentaid.gov/fafsahttps://studentaid.gov/fafsastudentaid.gov or 1-800-433-3243 or make an appointment with your financial aid adviser.
http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/www.sfa.ufl.edu/contact-sfa

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2017-18 Bright Futures Update

In July, the Office for Student Financial Affairs revised financial aid award letters for eligible students receiving a 2017-18 Bright Futures Florida Academic Scholars Award. The revised award reflects 100% tuition and applicable fees plus a $300 stipend that can be used for college-related expenses for the fall and spring terms. Recipients of the Bright Futures Florida Academic Scholars Award will also be eligible for funding for summer 2018. Additional information is available about http://www.sfa.ufl.edu/news/2017-18-bright-futures-update.2017-18 Bright Futures.

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Year-Round Pell Grant Update

Year-round Pell Grant is available starting with the 2017-2018 academic year. This allows for a student to receive 150% of a Pell Grant during an award year. Students can now take courses during the summer term that will allow them to graduate faster. To be eligible for the additional 50%, a student must be enrolled for at least 6 credit hours which is considered half time enrollment. Additional information is available about https://studentaid.gov/understand-aid/types/grants/pellYear-Round Pell.

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Florida Bright Futures Renewal Requirements

  • All Bright Futures recipients are required to meet minimum credit hour and GPA requirements in order to renew their award each year. Students enrolled full time for both semesters are required to earn at least 24 semester hours in order to renew their award at the end of each academic year. For students not enrolled full time for both semesters, the hours required to renew are prorated.
  • Students who do NOT earn the credit hours for which they were funded by the end of the evaluation period will be TERMINATED from the scholarship program.
  • Students who do NOT earn their program’s required GPA at the end of their first evaluation period will be permitted a one-time restoration opportunity. Traditional students receiving funding during fall/spring will be permitted a one-time summer opportunity. Innovation Academy students receiving funding during spring/summer will be permitted a one-time fall opportunity.

Bright Futures Renewal Predictor

Determining exactly how many hours you will need to renew your particular Bright Futures award can be confusing. SFA has created a http://www.sfa.ufl.edu/programs/bright-futures/renewal/Renewal Predictor to aid you in determining your individual renewal requirements.

For more information, students should contact the FDOE Office of Student Financial Assistance at 1-888-827-2004. http://www.floridastudentfinancialaid.org/www.floridastudentfinancialaid.org

Florida Bright Futures Repayment Policy

  • Students will be required to repay their award hours for any course dropped or withdrawn after the drop-add period.
  • Hours repaid for dropped or withdrawn courses are added back to the student’s total semester hours available, and are not included in the student’s total credit hours required to renew the award.
  • Repayment for the cost of dropped or withdrawn award hours is required to renew a Bright Futures award for the subsequent academic year.
  • Nonpayment of dropped or withdrawn Bright Futures award hours may also negatively affect renewal eligibility for other state programs.

Bright Future renewal requirements


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Information and Financial Aid Assistance Available for Study Abroad

Student Financial Affairs has a Study Abroad financial aid coordinator who is dedicated to advising students on financial aid matters for their overseas studies.

For assistance with financial aid for Study Abroad, contact Allison Costa in S-107 Criser Hall, via phone at 352-294-3228 and email at mailto:allisoncosta@ufl.eduallisoncosta@ufl.edu. Allison will be at the UF Study Aboard Fair on September 20, 2017 from 10am-3pm at the Reitz Union North Lawn.

Information on financial aid for Study Abroad programs is also available on the SFA http://www.sfa.ufl.edu/additional/study-abroad/Study Abroad webpage .

Study Abroad Photo

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Stay Eligible for Financial Aid

You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree.

Students who fail to meet the following criteria will be ineligible for federal, state, and/or institutional scholarship and grant funds:

  • maintain the required cumulative grade point average,
  • successfully complete the required percentage of attempted coursework,
  • complete their program of study within the prescribed length of time.

Read about the quantitative and qualitative components you must meet to maintain your eligibility for financial aid at the http://www.sfa.ufl.edu/process/additional-information/satisfactory-academic-progress-policy/Satisfactory Academic Progress webpage.

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Check Your Financial Aid Status

Use https://student.ufl.eduhttps://student.ufl.eduONE.UF “Aid Status” to:

  • Find out if your financial aid file is complete or if you have outstanding requirements that will prevent the disbursement of your financial aid.
  • Request student loans.
  • Print verification documents.

To check your aid status:

  1. Go to https://student.ufl.eduhttps://student.ufl.eduONE.UF
  2. On the left menu, under “Financial Aid,” choose “Aid Status” for the correct academic year.

Check the status of your financial aid often each semester.

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Consumer Information

The University of Florida is committed to providing important information to its students, faculty and staff. Consistent with this commitment and pursuant to the university’s notice and reporting obligations under various laws, additional information can be found on the UF https://student.ufl.edu/consumerinfo.htmlconsumer information webpage.

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Credit Card Tips 

Properly managing a credit card is a big responsibility. Credit cards can help establish and improve your credit score if they’re used properly. They can also damage your credit score and get you into serious debt if you don’t know what you’re doing. Use the tips below to make sound financial decisions.

Shop Around

Select a card that has the lowest interest rate and fee structure, and be sure to read the fine print. You’ll also need to know about late charges, other fees, and grace periods. Make sure you know the card’s Annual Percentage Rate (APR) and how it’s calculated. Shop around for the best deal and be wary of card offers that seem too good to be true.

Limit the Number of Cards You Have

One credit card should be sufficient. Applying for a lot of credit at any given time can hurt your credit score and possibly make you a high credit risk. This can affect your ability to get loans or to rent an apartment. In addition, closing several credit cards at once will trigger a decrease in your overall credit score.

Set Your Minimum Balance Low

This helps you control your spending habits. Spending up to your credit limit – or maxing out your credit card – suggests you could be a credit risk since you might be likely to overspend.

Pay off Your Balance Each Month

This takes discipline, and it saves you money in the long run. If you can’t pay off the entire balance on all of your credit cards, pay off your higher interest rate cards first and always pay off more than the minimum balance.

Avoid Late Payments

Late payments are bad for your credit, and a credit card company could use a single late payment as justification for raising your interest rate going forward. This could cost you hundreds (or even thousands) of dollars over time.

Review Your Monthly Statement

Save your receipts so you can carefully compare the charges on your credit card receipts with your records to ensure an accurate monthly statement.

Balance Wants vs. Needs

If you’ve had problems with impulse spending, don’t carry all of your credit cards with you. Consider carrying a single card for emergencies only. It also helps to think in terms of wants vs. needs when it comes to spending money with your credit card. By resisting the temptation to spend impulsively with credit cards, you can maintain a healthy credit score with little risk of getting in over your head.

Reconsider Large Purchases

If you are considering putting a large purchase on your credit card, put yourself through a waiting period before you actually make the purchase. Remember, a large purchase will need to be paid off sooner or later, and you want to make sure you’re paying the least amount of interest on your credit cards as possible.

Cash Advances

Beware – the cash looks attractive, but interest accrues from the moment you accept the cash, and you will also be assessed transaction fees. This means a quick $20 withdrawal from an ATM by using your credit card could easily cost you $30 or more.

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Mark Your Calendar to Apply for 2018-19 Financial Aid

The 2018-19 http://studentaid.gov/fafsaFAFSA will become available on October 1, 2017. UF’s “On-Time” deadline will be December 15, 2017. 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. Remember to complete the FAFSA as soon as possible to be considered for the most and best aid.

Get free assistance at https://studentaid.gov/fafsahttps://studentaid.gov/fafsahttps://studentaid.gov/fafsastudentaid.gov or 1-800-433-3243 or
visit with your Student Financial Affairs financial aid adviser.
http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/www.sfa.ufl.edu/contact-sfa


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Additional Financial Aid Information and Links

Scholarship Search

UF’s Scholarship Search Engine is a searchable database of both college-awarded and private scholarships.  http://www.sfa.ufl.edu/search/www.sfa.ufl.edu/search 

Visit the SFA Fall 2017 Calendar http://www.sfa.ufl.edu/resources/calendar/calendar.

Contact information for your financial aid adviser is available on http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/SFA’s Contacts webpage.

Fall SFA News

The Fall 2017-18 issue of NEWS: Financial Aid for Gators — is available in http://www.sfa.ufl.edu/pub/news/1718FallNews.pdfPDF format for Fall 2017-18.

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: Rick Wilder
Editor: Sharon Eyman

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) http://www.ftri.org/FloridaRelayhttp://www.ftri.org/FloridaRelay

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.

http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/Contact SFA
UF Federal School Code: 001535
Visit SFA on Social Media https://www.facebook.com/UFSFAFacebook https://twitter.com/UFSFATwitter https://www.instagram.com/ufsfa/Instagram https://www.youtube.com/user/UFSFAYouTube

 

 

2017-18 Bright Futures Scholarship Program Award Amounts Update

Financial aid award packages with revised amounts for the 2017-18 Bright Futures Academic Scholar Award have been posted at https://one.uf.eduONE.UF. The predicted Florida Academic Scholar Award posted for eligible students is $3,491 per term (fall 2017 and spring 2018) and includes 15 hours of 100% tuition (and applicable fees) plus a $300 educational expense stipend. The actual amount students receive will be calculated after the Drop/Add period of each semester. Determination of eligibility for Bright Future awards is made by the Florida Department of Education.

UF Student Financial Affairs (SFA) is located in Criser Hall and is open Monday-Friday from 8am-5pm (excluding holidays). Students can visit their http://www.sfa.ufl.edu/contact-sfa/SFA financial aid adviser with financial aid questions.

The Florida Office for http://www.floridastudentfinancialaid.org/SSFAD/bf/bfmain.htmStudent Financial Assistance’s Bright Futures website includes the 2017 Legislative Changes and other program information .

The Bright Futures Scholarship Program award amounts for the 2017-18 academic year are as follows:

Florida Academic Scholars
Florida Academic Scholars will receive an award amount equal to 100% of tuition and applicable fees. This includes summer funding. Applicable fees include: activity and service fee, health fee, athletic fee, financial aid fee, capital improvement fee, campus access/transportation fee, technology fee and tuition differential fee.

Florida Academic Scholars will receive an additional amount of $300 per semester (fall and spring only) for college-related expenses.

Florida Medallion Scholars (Per Credit Hour)
• 4-Year Institutions ($77)

The additional stipend for Top Scholars shall be $44 per credit hour.

 

SFA Summer 2017 Newsletter

Welcome to the online version of the Summer 2017 issue of NEWS: Financial Aid for Gators — a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue:

#verificationFederal Verification
#summerSummer Financial Aid Information
#loansFree Resource to Manage and Monitor Your Student Loans
#calendarMark your Calendar to File a FAFSA October 1
#statusSum17Check your Financial Aid Status
#moreand more


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Has Your FAFSA Been Selected for Federal Verification?

You may receive emails from UF Student Financial Affairs alerting you that you have been selected for verification. “Federal Verification” is a review process, mandated by the federal government, to check the accuracy of information reported on financial aid documents submitted by students and their families. Nationwide, the federal government selects more than 30 percent of student financial aid applications for verification.

If your application is selected for verification, check your financial aid status at https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF to determine what documents to provide.

Aid funds cannot be disbursed to you until you have submitted all requested documents and the accuracy of the information has been reviewed. Aid funds already disbursed may be entered into repayment if documentation is not received.

Since the 2016-17 and 2017-18 FAFSA require the same 2015 income and tax information, any discrepancy in this information may result in a delay in aid and a request for documentation to clear up the issue.

Verification Tips

  • Turn in all documents requested by SFA as soon as possible.
  • Be sure all documents are signed.
  • Be sure your name and UFID are on all documents you submit.
  • To request a Tax Return Transcript and/or W-2 information, call the IRS at 1-800-908-9946 or go online to https://www.irs.gov/Individuals/Get-Transcripthttps://www.irs.gov/Individuals/Get-Transcript.
  • Keep photocopies of all information you submit and record the date you send in the documents.
  • Keep photocopies of all W-2’s and request an IRS Tax Return Transcript to keep on hand.

IRS System for Ordering Tax Return Transcripts

The 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. http://www.irs.gov/Individuals/Get-Transcripthttp://www.irs.gov/Individuals/Get-Transcript

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2017 Summer Financial Aid Information

If you enrolled in classes during the Summer 2017 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 2016-2017 Financial Aid Status Page athttps://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.edu https://student.ufl.edu and complete the instructions found at the Summer Financial Aid Request link.

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.

Receiving Summer Aid

Your financial aid will be awarded based on projected full-time enrollment for Summer.After summer A/C drop/add ends, your budget will be revised to reflect your actual costs and your aid may be adjusted based on your total enrollment for Summer A, B, and C classes.

Your aid will be disbursed after you begin summer attendance. If you are enrolled during Summer A/C, and your total summer enrollment (Summer A, B, and C) is at least half-time, then your financial aid for the entire summer will be disbursed up-front. If you are enrolled only in classes during Summer B, your aid will not be released until your classes begin.

Tuition/fees for summer will be calculated based on your total enrollment for Summer A, B, and C. All unpaid tuition/fees and housing charges will be deducted from your financial aid before disbursement.

Most aid programs require that you enroll at least half-time. Undergraduates are considered full-time if enrolled for at least 12 credit hours, half-time if enrolled for at least six credit hours. Graduate students are considered full-time if enrolled for at least eight credit hours, half-time if enrolled for at least four credit hours.

Federal Work-Study students must enroll for at least six credit hours to be eligible to work during the summer.

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. Be sure to communicate with your academic adviser and financial aid adviser prior to making changes to your schedule.

UF Policy Summer Attendance

The academic year at UF consists of three semesters beginning with fall and ending with summer. Freshmen and sophomores entering the State University System must complete at least nine credit hours during a summer session to graduate, with the exception of the student who earns nine credit hours via the Bright Futures acceleration mechanism. SFA supports this requirement, and summer money may be offered if:

  1. Federal or institutional funds remain for summer awards after fall and spring semester needs are met; or
  2. You choose to attend summer session instead of one of the other two semesters (for instance, attend fall and summer semesters and work spring semester) and you are awarded for fall/spring initially and notify us of your decision to attend summer instead of fall or spring. Students should go to https://student.ufl.edu, click on the appropriate academic year, then “Aid Status,” and complete the Summer Aid Request. See enrollment requirements for receiving aid.

For more information, contact a financial aid adviser. http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/www.sfa.ufl.edu/contact-sfa

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Free resource to monitor and manage your student loans

Student Financial Affairs is dedicated to helping you manage your student debt level with the most up-to-date loan repayment planning tools at no cost to UF students.

Understanding the student loan repayment process is a crucial part of borrowing. http://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comiontuitionTM is designed to simplify the student loan repayment process. It gives you all the tools and information you will need to understand your student loan obligation.  http://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comiontuitionTM provides a refreshable dashboard, interactive calculators, and is supported by expert loan counselors that you can chat with to answer any questions.

http://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comiontuitionTM is a web-based tool provided to you at no cost to help you manage all of your student loans through a single portal. Once you register, you’ll get immediate access to a personalized profile showing your federal student loan and grant information. You can opt to receive loan status notifications via email or text message.

iontuitionTM features include:

  • Refreshable Dashboard – see your loan status, balance, payment amount, due dates, daily interest accrual information, and your lender or servicer contacts
  • Student Loan Forecasting and Repayment Planning
  • Ability to delegate family access to up to 5 family members to join or have access to an existing account
  • Budget Planning
  • Loan Status Updates
  • Financial Literacy Information
  • Entrance Counseling Modules
  • Student Loan Counselors on Demand
  • Free Monthly Credit Scores
  • Bill Payment Reminders
  • Bank-level Security

Visit http://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comhttp://www.iontuition.comwww.iontuition.com to find out more.

 

Photo of Ion Tuition Dashboard

 


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Mark your calendar now to complete the 2018-19 FAFSA!

The 2018-19 FAFSA will become available on October 1, 2017. UF’s “On-Time” deadline will be December 15, 2017. Remember to complete the FAFSA as soon as possible to be considered for the most and best aid.

Have questions or need help?

Get free assistance at www.fafsa.gov or 1-800-433-3243 or visit with your Student Financial Affairs financial aid adviser. http://www.sfa.ufl.edu/contact-sfawww.sfa.ufl.edu/contact-sfa  


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Check Your Financial Aid Status

Use https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF “Aid Status” to:

  • Find out if your financial aid file is complete or if you have outstanding requirements that will prevent the disbursement of your financial aid.
  • Request student loans.
  • Print verification documents.

To check your aid status:

  1. Go to https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF
  2. On the left menu, under “Financial Aid,”  choose “Aid Status” for the correct academic year.

Check the status of your financial aid


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Additional Financial Aid Information and Links

Scholarship Search

UF’s Scholarship Search Engine is a searchable database of both college-awarded and private scholarships.  http://www.sfa.ufl.edu/search/www.sfa.ufl.edu/search 

Visit the http://www.sfa.ufl.edu/resources/calendar/SFA Calendar for important date and deadlines.

Contact information for your financial aid adviser is available on http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/SFA’s Contacts webpage.

Summer 2017 SFA News

The Summer 2017 issue of NEWS: Financial Aid for Gators — is available in http://www.sfa.ufl.edu/pub/news/1617SummerNews_email.pdfPDF format for Summer 2017.

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:     Rick Wilder
Editor:     Sharon Eyman

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) http://www.ftri.org/FloridaRelayhttp://www.ftri.org/FloridaRelay

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.

http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/Contact SFA
UF Federal School Code: 001535
Visit SFA on Social Media    https://www.facebook.com/UFSFAFacebook    https://twitter.com/UFSFATwitter    https://www.instagram.com/ufsfa/Instagram     https://www.youtube.com/user/UFSFAYouTube

SFA Spring 2017 Newsletter

Welcome to the online version of the Spring 2017 issue of NEWS: Financial Aid for Gators — a publication produced once a semester to keep students informed of important developments in financial aid.

Featured in this issue:

#applyApply for 2017-18 Financial Aid
#budgetBudgeting Tips for Students
#abroadFinancial Aid for Study Abroad
#loansManage Your Student Loans
#verificationFederal Verification
#directSign Up for Direct Deposit
#BFFlorida Bright Futures Renewal Requirements
#eligibleStay Eligible for Financial Aid
#consumerConsumer Information
#statusCheck your Financial Aid Status
#moreand more


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If you haven’t already filled out the 2017-18 FAFSA, DO IT TODAY!

The 2017-18 FAFSA launched on October 1, 2016. This new date will be a permanent change, enabling students to complete and submit their FAFSA earlier each year.

UF’s “On-Time” deadline was December 15, 2016, but you can still file a FAFSA at studentaid.gov. Complete the FAFSA as soon as possible to be considered for the most and best aid.

Have questions or need help? 

Get free assistance at studentaid.gov or 1-800-433-3243 or make an appointment with your financial aid adviser. http://www.sfa.ufl.edu/contact-sfawww.sfa.ufl.edu/contact-sfa


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Budgeting Tips for Students

While you’re in college, you’ll need to learn how to manage your finances, plan for changes, and prepare for the unexpected. Budgeting will help you build decision-making skills and help you reach your financial and academic goals.

  1. Overestimate your expenses.
    It’s better to overestimate your expenses and then underspend and end up with a surplus.
  2. Underestimate your income.
    It’s better to end up with an unexpected cash surplus rather than a budget shortfall.
  3. Differentiate between needs and wants.
    One benefit of budgeting is that it helps you determine if you have the resources to spend on items that you want versus those you need.
  4. Involve your family in the budget planning process.
    Determine how much income will be available from family sources such as parents or a spouse. Discuss how financial decisions will be made.
  5. Prepare for the unexpected by setting saving goals to build an emergency fund.
    Budgeting will help you cover unusual expenses and plan for changes that may happen while you’re in school.
    Planning to move off campus? Short-term budgeting goals for the year can include saving for the rent deposit and furniture for your new apartment.
    Starting an internship next semester? Adjust your budget to save for buying new clothes to wear to work and paying increased transportation costs.
    Finishing school in the next year? Budget to include job search expenses such as résumé preparation, travel to interviews and job fairs, and professional exam fees. Also, you may need to think about how you will manage your money between leaving school and finding a job—this is a time when an emergency fund can really help out.
  6. Expect the unexpected.
    Your emergency fund should be used for expenses that fall outside the categories of annual and periodic bills. Redefine your notion of “unexpected” bills to encompass these unforeseen events rather than more common but infrequent expenses. The good news is that if you do not use your emergency fund, you will have savings—which should always be a priority when managing your finances. And, if you do not have to use your emergency fund, you may avoid unnecessary borrowing.
  7. Only borrow what you need.
    If your living expenses are not going to be as high as the amount on your award letter, you have the right to turn down the loan or to request a lower loan amount. If you have any questions or don’t understand what types of loans are in your award letter, contact your adviser. Always ask questions and be an informed borrower. Make sure you understand what you’re receiving and the repayment terms.


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Information and Financial Aid Assistance Available for Study Abroad

Student Financial Affairs has a Study Abroad financial aid coordinator who is dedicated to advising students on financial aid matters for their overseas studies. For assistance with financial aid for Study Abroad, contact Allison Costa in S-107 Criser Hall, via phone at 352-294-3228 and email at mailto:allisoncosta@ufl.eduallisoncosta@ufl.edu. Allison will be at the UF Study Aboard Fair on January 25, 2017 from 10 am to 3 pm at the Reitz Union North Lawn.

Information on financial aid for Study Abroad programs is also available on the http://www.sfa.ufl.edu/additional/study-abroad/ SFA Study Abroad webpage.

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Manage Your Student Loans

Did you know that you can manage and monitor your student loans while in school?

http://www.iontuition.comhttp://www.iontuition.comIontuition is a free resource for students to manage and monitor federal and private student loans. Take control of your student loans and improve your financial knowledge with your FREE iontuition account.

Visit http://www.iontuition.comhttp://www.iontuition.comwww.iontuition.com today to find out more.


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Has Your FAFSA Been Selected for Federal Verification?

You may receive emails from UF Student Financial Affairs alerting you that you have been selected for verification. “Federal Verification” is a review process, mandated by the federal government, to check the accuracy of information reported on financial aid documents submitted by students and their families. Nationwide, the federal government selects more than 30 percent of student financial aid applications for verification.

If your application is selected for verification, check your financial aid status at https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF to determine what documents to provide.

Aid funds cannot be disbursed to you until you have submitted all requested documents and the accuracy of the information has been reviewed.

Since the 2016-17 and 2017-18 FAFSA require the same 2015 income and tax information, any discrepancy in this information may result in a delay in aid and a request for documentation to clear up the issue.​

Verification Tips

  • Remember to use the IRS Data Retrieval Tool (DRT) to transfer your data to your FAFSA. A Tax Return Transcript is not needed if you use the DRT.
  • Turn in all documents requested by SFA as soon as possible.
  • Be sure all documents are signed.
  • Be sure your name and UFID are on all documents you submit.
  • To request a Tax Return Transcript, a Verification of Nonfiling Letter and/or W-2 information, call the IRS at 1-800-908-9946 or go online to https://www.irs.gov/Individuals/Get-Transcripthttps://www.irs.gov/Individuals/Get-Transcript.
  • Keep photocopies of all information you submit and record the date you send in the documents.
  • Keep photocopies of all W-2’s and request an IRS Tax Return Transcript to keep on hand.

IRS System for Ordering Tax Return Transcripts

The 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. http://www.irs.gov/Individuals/Get-Transcripthttp://www.irs.gov/Individuals/Get-Transcript


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Sign up for Direct Deposit

The University of Florida recommends that all students sign up for direct deposit. While students are not required to use direct deposit or any specific banking institution, they are encouraged to establish a bank account and use direct deposit. Failure to use direct deposit will result in delayed receipt of any excess funds after university charges have been paid.

To sign up, go online to https://my.ufl.edu/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.

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Florida Bright Futures Renewal Requirements

  • All Bright Futures recipients are required to meet minimum credit hour and GPA requirements in order to renew their award each year. Students enrolled full time for both semesters are required to earn at least 24 semester hours in order to renew their award at the end of each academic year.  For students not enrolled full time for both semesters, the hours required to renew are prorated.
  • Students who do NOT earn the credit hours for which they were funded by the end of the evaluation period will be TERMINATED from the scholarship program.
  • Students who do NOT earn their program’s required GPA at the end of their first evaluation period will be permitted a one-time restoration opportunity.  Traditional students receiving funding during fall/spring will be permitted a one-time summer opportunity. Innovation Academy students receiving funding during spring/summer will be permitted a one-time fall opportunity.

Bright Futures  Renewal Predictor

Determining exactly how many hours you will need to renew your particular Bright Futures award can be confusing. SFA has created a http://www.sfa.ufl.edu/programs/bright-futures/renewal/Renewal Predictor to aid you in determining your individual renewal requirements.

For more information, students should contact the FDOE Office of Student Financial Assistance at 1-888-827-2004. http://www.floridastudentfinancialaid.org/www.floridastudentfinancialaid.org

Florida Bright Futures Repayment Policy

  • Students will be required to repay their award hours for any course dropped or withdrawn after the drop-add period.
  • Hours repaid for dropped or withdrawn courses are added back to the student’s total semester hours available, and are not included in the student’s total credit hours required to renew the award.
  • Repayment for the cost of dropped or withdrawn award hours is required to renew a Bright Futures award for the subsequent academic year.
  • Nonpayment of dropped or withdrawn Bright Futures award hours may also negatively affect renewal eligibility for other state programs.
renewalrequirements
Renewal Requirements


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Stay Eligible for Financial Aid

You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree.
Students who fail to meet the following criteria will be ineligible for federal, state, and/or institutional scholarship and grant funds:

  • maintain the required cumulative grade point average,
  • successfully complete the required percentage of attempted coursework,
  • complete their program of study within the prescribed length of time.

Read about the quantitative and qualitative components you must meet to maintain your eligibility for financial aid on SFA’s http://www.sfa.ufl.edu/process/additional-information/satisfactory-academic-progress-policy/Satisfactory Academic Progress webpage.


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Consumer Information

The University of Florida is committed to providing important information to its students, faculty and staff. Consistent with this commitment and pursuant to the university’s notice and reporting obligations under various laws, additional information can be found on the UF https://student.ufl.edu/consumerinfo.htmlconsumer information webpage.


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Check Your Financial Aid Status

Use https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF “Aid Status” to:

  • Find out if your financial aid file is complete or if you have outstanding requirements that will prevent the disbursement of your financial aid.
  • Request student loans.
  • Print verification documents.

To check your aid status:

  1. Go to https://student.ufl.eduhttps://student.ufl.eduhttps://student.ufl.eduONE.UF
  2. On the left menu, under “Financial Aid,”  choose “Aid Status” for the correct academic year.


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Additional Financial Aid Information and Links

Payment Permissions

The university is required to obtain permission from students to allow federal aid to pay charges other than tuition, fees, housing, and books. Login at https://my.ufl.eduhttps://my.ufl.eduhttps://my.ufl.edu, and under “Main Menu” choose “My Campus Finances,” then “View Student Permissions,” then “Access Permission Forms.”

View Your Tuition Statement

Login at https://my.ufl.eduhttps://my.ufl.eduhttps://my.ufl.edu, and under “Main Menu” choose “My Campus Finances,” then “View Tuition Statement.”

Scholarship Search

UF’s Scholarship Search Engine is a searchable database of both college-awarded and private scholarships.  http://www.sfa.ufl.edu/search/www.sfa.ufl.edu/search 

Update Your Address and Contact Info

The UF Directory is the sole source of contact information for students. Remember to update and verify your local and permanent addresses, phone numbers and email in the UF Directory. Accurate information will ensure that you receive all university correspondence. You must update this information each time you change your address, including when you move home for summer or move to a different apartment or residence hall on campus.

In order to protect the confidentiality of your student record, the university will not allow the post office to forward mail to an address other than the one on your directory file. Remember to change your address info whenever any information changes.

To update your contact info:

  1.  Log on to myUFL portal at  http://www.my.ufl.edu/ps/signon.htmlwww.my.ufl.edu
  2. From the main menu, go to “My Account” and choose “Update my Directory Profile.”
  3. Follow the directions to verify and update all necessary information.

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Visit the http://www.sfa.ufl.edu/resources/calendar/SFA Calendar for important date and deadlines.

Contact information for your financial aid adviser is available on http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/SFA’s Contacts webpage.

Spring 2017 SFA News

The Spring 2017 issue of NEWS: Financial Aid for Gators — is available in http://www.sfa.ufl.edu/pub/news/1617SpringNews_email.pdfPDF format for Spring 2017.

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:     Rick Wilder
Editor:     Sharon Eyman

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) http://www.ftri.org/FloridaRelayhttp://www.ftri.org/FloridaRelay

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.

http://www.sfa.ufl.edu/contact-sfa/http://www.sfa.ufl.edu/contact-sfa/Contact SFA
UF Federal School Code: 001535
Visit SFA on Social Media    https://www.facebook.com/UFSFAFacebook    https://twitter.com/UFSFATwitter    https://www.instagram.com/ufsfa/Instagram     https://www.youtube.com/user/UFSFAYouTube

Apply Now for 2017-18 Financial Aid

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov. You can file a 2017-18 FAFSA as early as October 1, 2016 . 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.

For more information about changes to the 2017-18 FAFSA, visit the SFA http://www.sfa.ufl.edu/news/1718-fafsa-changes/FAFSA changes webpage.