The UK Student Funding Portfolio. Presented by UK’s Enrollment Management Offices of Student Financial Aid Academic Scholarships Student Account Services The Graduate School Funding Office. Today’s Presenters.
UK’s Enrollment Management Offices of
Student Financial Aid
Student Account Services
The Graduate School Funding Office
Carl Rollins ------- KY State Representative, District 56 and Chair of the Education Committee
Lynda George ---- Director, Office of Student Financial Aid
Sandy Copher --- Director, Academic Scholarship Office
JoLynn Noe ------- Associate Financial Aid Director and Senior
Coordinator of Undergraduate Scholarships
Tom Hanna ------- Director, Graduate Funding, The
Mary Marcum -- Financial Ombud, Student Account
KY State Representative, District 56 and Chair of the Education Committee
Office of Student Financial Aid
1. Apply for a personal identification number -- PIN
2. Submit the Free Application for Federal Student Aid
3. If selected for ‘verification’ process, submit required
documentation of household size, # in college, various
taxable and non-taxable income items.
FAFSA Application Priority Deadlines:
*** KY Resident Undergrads As soon as possible
after January 1 for state need-based grant
Financial Aid Package Notification:
Federally mandated formula used to analyze information on the FAFSA to determine how much the student and parents canreasonably be expected to contribute towards educational expenses. Formula takes into consideration:
Cost of Attendance
- Expected Family Contribution
= Financial Need
1. Earn at least two-thirds (67%) of all hours attempted
during attendance at UK and
2012-2013: Will include transfer hours accepted for degree
2. Earn minimum of a 2.0 cumulative GPA and
3. Total attempted hours cannot exceed 150% of the normal
hours required for the degree.
reasonable period of time.
Academic Advisors are notified of all RAP probation approvals and the requirements the student must meet to be eligible to continue to receive need-based assistance.
Janet G. Jones
Assistant Director of Financial Aid
according to student’s last name
Funkhouser Building, Room 127
Senior Management Staff
Lynda George, Director
David Prater, Assoc. Director – Student Services, Athletics
Nimmi Wiggins, Assoc. Director – ProSAM System, Regulatory Compliance
Academic Scholarship Office
Automatic Scholarships - based on Admission credentials.
Deadline: March 1, 2012
Competitive Scholarships – requires scholarship application.
Deadline: January 13, 2012
Automatic Scholarships – March 1, 2012
Flagship – 26-27 ACT and 3.30 unweighted GPA
$1500 KY resident; nonrenewable
$3000 Non-resident; nonrenewable
Provost – 28+ ACT and 3.30 unweighted GPA
$1500 KY resident; renewable
$3000 Non-resident; renewable
Competitive Scholarships – January 13, 2012 postmark
31+ ACT and 3.75 unweighted GPA
National Excellence Scholarship
Awards mailed by mid-March and accepted by May 1, 2012
Three tiers based on ACT and GPA
Office of Enrollment Management
The Graduate School
University of Kentucky
Parents deceased—1 or both
Parents refuse financial support— not approve of boyfriend, girlfriend, major, etc.
Unemployment- Job Loss, Stock Market, Current Economic Times – Parent, Student, not enough resources
Medical Issues – Parent, Student
Parents refuse to file income taxes-No financial Aid
Parents with Bad Credit – Not qualify Parent Loans or Alternative Loans– Good credit a thing of the past?
Parents that DO NOT CARE…preferthe student get a job
Students that are single Moms or Single Dads – No one
Students on RAP (Reasonable Academic Progress) No Financial Aid
1. Financial (Number one ?)
2. Grades /Academics
3. Distance from Home
4. Health Problems and or Mental/Emotional
5. Family Support
6. Social life/lack of friends
Financial Hold– Beginning downturn spiral of student success…..
TEAM Effort: Financial Aid, Undergrad Education, Technical Support, Ombud, Registrar
Prior to Fall and Spring Pre-registration:
Personal Email from Ombud to all students with delinquencies in excess of $500 having Financial Holds preventing class registration.
NOT: Delinquent message but one encouraging students to contact Ombud for help with financial issues in order for holds to be lifted and they can register.
STUDENTS POSITIVE FEEDBACK
Spring 2011 data:
1405 personal emails sent 1075 REGISTERED
Student Account Services
On the horizon . . . . .