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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?. 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

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  1. UNIVERSITY OF NORTH ALABAMA Student Financial Services SOAR/Family Orientation 2014

  2. 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

  3. What types of federal aid are available to my student? • Grants • Loans- parent and student loans • Work study

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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: sfins@una.edu • 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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