2016-17 Financial Aid Timeline
BY MARCH 10 – FILE THE 2016-17 FAFSA
Submit the 2016-17 FAFSA at www.fafsa.gov to be considered for all forms of need-based aid, including federal, state and UE grants; federal loans; and federal work-study. An FSA ID is required to submit the FAFSA. Submitting by March 10 is mandatory for Indiana residents, and highly beneficial for all. Once your FAFSA has been submitted, please respond immediately to any requests you receive from the Office of Financial Aid to correct your FAFSA or provide verification documents.
IRS DATA RETRIEVAL
The UE Office of Financial Aid recommends that eligible students and parents use this tool. The IRS Data Retrieval Tool transfers parent and/or student IRS tax information to the FAFSA. Federal income tax returns for 2015 must have been filed for approximately 3 weeks to be available for this process (if filed electronically; 8 weeks if filed by mail). The IRS data retrieval function can be used for the initial FAFSA or to correct a submitted FAFSA which had been filed using estimated tax information.
MAY – Satisfactory Academic Progress is reviewed
The UE Office of Financial Aid reviews Satisfactory Academic Progress at the end of each semester (fall, spring, and summer) for all students. Both Summer I and Summer II terms combine to create one summer semester for financial aid purposes. Read the full policy.
The Office of Financial Aid is eager to assist students and parents with understanding the steps required to finalize financial aid. Our office is actively corresponding via UE e-mail regarding issues affecting the processing of students’ financial aid awards. We encourage students to check their UE e-mail on a regular basis and take the necessary steps to resolve any pending issues.
PROXY ACCESS: Due to federal regulations, UE offices may not discuss account details with anyone not granted Proxy Access by the student. Students were e-mailed directions regarding how to grant access to parents and other proxy. Students may opt to grant global or selected access to their financial information through links found under Parent’s Information in WebAdvisor.
VERIFICATION: If your FAFSA was selected for review by the federal processor, a Verification Worksheet is available in Financial Aid Self-Service. Please complete and return the Verification Worksheet and follow all required instructions for confirming income. Your financial aid will not be finalized until Verification is completed.
FINANCIAL AID NOTIFICATION: Students who have completed required actions will receive e-mail notification of availability of their Financial Aid Award. With the recent implementation of Self-Service, students view and accept their financial aid in WebAdvisor through Financial Aid Self-Service, in place of paper notifications.
RESPONDING TO FINANCIAL AID AWARD: Through Financial Aid Self-Service in WebAdvisor, review your Financial Aid Award Letter found under ‘Financial Aid Counseling.’ Forms of aid listed in your letter under ‘Self-Help Awards’ require you to accept or decline their use through the ‘My Awards’ link. You are able to electronically accept or decline Work-study and your Direct Subsidized/Unsubsidized Loan eligibility. If you have been offered the Federal Perkins Loan, a paper application will be emailed to you which you will return to the Office of Financial Aid.
The following forms of aid require you to Accept or Decline their use:
Federal Direct Subsidized/Unsubsidized Loan: The amount offered indicates your maximum eligibility based on the most recent information we have received. You may request a lower amount than offered.
Federal Work-Study: This award represents the opportunity to work on campus approximately 7 hours per week. If you accept Federal Work-study, you will receive an e-mail during the summer from the Work-Study Coordinator with additional information.
Federal Perkins Loan:
- To Accept: Compete the application which will be e-mailed to you. Return to the Office of Financial Aid.
- To Decline: If you do not intend to use this loan, please e-mail the Office of Financial Aid at email@example.com.
REVISIONS TO FINANCIAL AID AWARD: Revisions may be viewed through Financial Aid Self-Service. Revisions may occur for several reasons: FAFSA changes made by you or as a result of Verification corrections, additional financial aid, or changes to your housing or enrollment status.
DETERMINE YOUR ESTIMATED NET COST: Please utilize the online Estimated Cost Calculator to assist you in determining your estimated remaining balance based on the aid you accept.