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UNIVERSITY OF NORTH ALABAMA. Student Financial Services SOAR/Family Orientation 2014. How does my student apply for federal aid?. Complete the 2014-2015 Free Application for Federal Student Aid (FAFSA) Will need to have filed 2013 income tax returns Use IRS Data Retrieval when filing FAFSA

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university of north alabama

UNIVERSITY OF NORTH ALABAMA

Student Financial Services

SOAR/Family Orientation 2014

how does my student apply for federal aid
How does my student apply for federal aid?
  • Complete the 2014-2015 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 www.fafsa.gov to complete online application
what types of federal aid are available to my student
What types of federal aid are available to my student?
  • Grants
  • Loans- parent and student loans
  • Work study
how long does it take the fafsa to be processed
How long does it take the FAFSA to be processed?
  • Student Aid Report (SAR) is produced in 3 business days
  • It is emailed or mailed to student by Department of Education’s processor
  • SFS will receive student’s electronic FAFSA record and notify student via UNA Portal email/Self-Service of unsatisfied requirements or problems with FAFSA
how does my student apply for a federal student loan
How does my student apply for a federal student loan?
  • SFS will calculate loan eligibility and notify student via UNA Portal email/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 www.studentloans.gov
how much may my student borrow
How much may my student borrow?
  • 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
2014 2015 projected costs
2014-2015 Projected Costs
  • 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
when will my student receive his her financial aid funds
When will my student receive his/her financial aid funds?
  • 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
how does my student apply for a scholarship
How does my student apply for a scholarship?
  • Scholarship deadline for 2014-2015 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
satisfactory academic progress
Satisfactory Academic Progress
  • 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
scholarship renewal criteria
Scholarship Renewal Criteria
  • 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 LeadershipScholarships
how does my student find a work study position
How does my student find a work-study position?
  • 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- www.una.edu/financial-aid
  • Click on “Work-study”
  • Click the link to “Career Planning and Development”
  • Please read the instructions on how to apply
how does my student find a work study position1
How does my student find a work-study position?
  • 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
how does my student find a work study position2
How does my student find a work-study position?
  • 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
communication
Communication
  • 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 email 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
how can i contact student financial services
How Can I Contact Student Financial Services?
  • Via phone: 1-800-TALK-UNA or 256-765-4278
  • In person: Room 318, The Commons Building

8:00 a.m.- 4:30 p.m., Monday- Friday

  • Via e-mail: [email protected]
  • For more information, visit our website: www.una.edu/financial-aid
  • Check us out on Facebook!
    • Search “UNA Student Financial Services”
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