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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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