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Student Financial Services SOAR/Family Orientation 2014.

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Presentation on theme: "Student Financial Services SOAR/Family Orientation 2014."— Presentation transcript:

1 Student Financial Services SOAR/Family Orientation 2014

2  Complete the Free Application for Federal Student Aid (FAFSA)  Will need to have filed 2013 income tax returns  Use IRS Data Retrieval when filing FAFSA  UNA priority date for FAFSA filing is June 1, 2014  Go to to complete online application

3  Grants  Loans- parent and student loans  Work study

4 Student Aid Report (SAR) is produced in 3 business days It is ed or mailed to student by Department of Education’s processor SFS will receive student’s electronic FAFSA record and notify student via UNA Portal /Self-Service of unsatisfied requirements or problems with FAFSA

5  SFS will calculate loan eligibility and notify student via UNA Portal /Self-Service  Student will accept, decline or reduce loan amount offer in UNA Portal Financial Aid Self- Service  Student must sign Master Promissory Note (MPN) with the federal Department of Education via UNA Self-Service or at

6  Freshmen are eligible for up to $5,500 in Stafford loans per academic year ($2,750/semester)  This amount of loan money by itself will not be sufficient to pay all tuition and fee charges  Freshmen may be eligible for an additional $4,000 in unsubsidized Stafford loan if parent applies for and is denied a PLUS loan (Parent Loan for Undergraduate Students)  PLUS application is available on our website

7  13 hours (Alabama resident)= $7,100  Includes tuition, fees, room, board and books  This projection is for one semester  13 hours (Non-resident)= $10,200  Includes tuition, fees, room, board and books  This projection is for one semester

8  There is a 30-day delay of the first loan disbursement for new freshmen. This delay applies to the first semester of attendance ONLY  A refund check will be issued to the student and mailed to student’s campus mailbox if the financial aid amount is greater than the student account balance  NOTE: The UNA bookstore does NOT bill through UNA Student Accounts. Students should be prepared to purchase required textbooks

9  Scholarship deadline for WAS February 3, 2014  Your student may next apply for scholarships in UNA’s Endowed Scholarship program  Application will be available on the Student Financial Services website November 25, 2014  Deadline for application is February 2, 2015

10  Student must make satisfactory academic progress in order to continue to receive aid  Student’s progress is evaluated after each semester  Student must ◦ Complete at least 75% of all attempted courses ◦ Must have the required UNA GPA for their classification ◦ Must not attempt over 172 hours in their first degree ◦ Students who do not meet these requirements will be in danger of losing financial aid eligibility

11  Scholarship recipients must meet the following criteria in order for scholarship to be renewed ◦ Must have at least 3.0 UNA GPA and at least 27 earned hours within the year for Academic Scholarships ◦ Must have at least a 2.75 UNA GPA and at least 27 hours within the year for Leadership Scholarships

12  Student must indicate interest in work-study program on FAFSA application  Federal work-study is need-based  University work-study is NOT need-based. All students are eligible for UWS  Go to our website-  Click on “Work-study”  Click the link to “Career Planning and Development”  Please read the instructions on how to apply

13  Student makes contact as directed in the job listing  Student is hired by the office or department  Student completes required employment documents  Pay for work-study jobs is NOT applied to the student account  Students are issued paychecks monthly

14  Students may work up to 20 hours per week  Rate of pay is generally minimum wage  Some students may begin working as early as August 1, 2014

15  UNA Portal is the official means of communication to the student  The student will be notified of his or her federal aid application status and awards through UNA Portal and Self-Service ONLY  We will not notify the parent of the student’s financial aid status nor will we notify student or parent by postal mail

16  Via phone: TALK-UNA or  In person: Room 318, The Commons Building 8:00 a.m.- 4:30 p.m., Monday- Friday  Via  For more information, visit our website:  Check us out on Facebook! ◦ Search “UNA Student Financial Services”


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