FINANCIAL AID FAQS

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					                                                                                                         SUMMER 2012 ISSUE
                                                                                                                 Volume 3



F INANCIAL A ID FAQ S
Texas A&M University-San Antonio, One University Way, San Antonio, TX 78224
www.tamusa.tamus.edu ● financialaid@tamusa.tamus.edu ● (210) 784-1300


Summer Financial Aid                                              INSIDE THIS ISSUE
                                                                  Summer Financial Aid                               1
Summer 2012 awarding of financial aid for all                     FAFSA: Which aid year do I complete?               1

students will begin in April and will continue                    Pell Grant – FAQ’s                                 2

throughout the term. Summer financial aid may                     Scholarships                                       2

consist of loans, Pell grant, and institutional                   Graduation & Loan Repayment – Loan Exits           3
                                                                  Satisfactory Academic Progress                     3
grants. Typically, students must enroll in a
                                                                  FALL 2012 Financial Aid                            4
minimum of 6 credits in order to be awarded
summer financial aid. The only exceptions to this
are students who will only be taking 3 credit                   terms, add/drop and withdrawal dates, as well as
hours during the summer term and are Pell                       payment deadlines (please keep in mind that the
eligible.                                                       summer term is considered a full semester). For
                                                                further information regarding summer financial aid,
Once students have been awarded, they can                       please visit the Welcome Center or contact us at
access their summer financial aid by logging into               (210) 784-1300.
Jaguar Connect and clicking on the ‘Student &
Financial Aid’ link. This will bring up any summer              ** Note: students must also have an official 2011-
financial aid you may have been awarded. In                     2012 FAFSA on file if you wish to seek aid for the
addition to this, it is extremely important to                  summer 2012 term. While grants are not
familiarize yourself with the TAMU-SA Academic                  guaranteed for the summer, the Financial Aid
Calendar. These calendars provide essential                     Office will make all attempts to award these funds
information regarding the different summer                      in an equitable first-come-first-served basis.



Which FAFSA to complete? (2011-2012) or (2012-2013)
The first step in the financial aid process is to               complete, please feel free to speak with a financial
complete and submit the Free Application for                    aid officer. For help with filling out the FAFSA, you
Federal Student Aid (FAFSA).                                    can go to
     If you plan on attending TAMU-SA for the                  www.studentaid.ed.gov/students/publications/co
        SUMMER 2012 term, you will need to                      mpleting_fafsa/index.html or visit the Welcome
        complete the 2011 - 2012 FAFSA.                         Center located in room 106 at Main Campus.
     If you plan to attend TAMU-SA for the FALL
        2012 term, you will need to complete the                ** Note: Your EFC is not the amount of money
        2012 - 2013 FAFSA.                                      your family will have to pay for college nor is it the
     Use FAFSA School Code: 003639 (Texas                      amount of federal student aid you will receive. It is
        A&M University-Kingsville)                              a number used by your college to calculate the
If you are still having difficulty or need further              amount of federal student aid you are eligible to
assistance as to which FAFSA you should                         receive.
Page 2                                                                           Financial Aid FAQs


Pell Grant – FAQs
      A Federal Pell Grant, unlike a loan, does
       not have to be repaid.
      Student Pell eligibility has been reduced
       from 18 semesters to 12 semesters of full-
       time equivalency.
      The maximum Pell grant for the 2011-12
       award year (July 1, 2011 to June 30, 2012)       ** Note: If you received a Pell Grant for the first
       is $5,550.                                       time on or after July 1, 2008, you can only receive
      The amount depends on your financial             the Pell Grant for up to 18 semesters or the
       need, costs to attend school, status as a        equivalent. Additionally, Fiscal Year 2011
       full-time or part-time student, and plans        appropriations eliminated the allowance of
       to attend school for a full academic year or     receiving up to two consecutive Pell Grant awards
       less.                                            during a single award year. Beginning with the
      To apply, complete the Free Application for      2011-12 award year, you may receive only one
       Federal Student Aid (FAFSA).                     Pell Grant award during a single award year.


Scholarships – SUMMER 2012?
At present, there are no available scholarships for     we make them available as an added service for
summer 2012. Students wishing to apply for              your scholarship search. We wish you success in
scholarships for fall 2012 can apply beginning          your scholarship search!
April 9, 2012. The deadline for applying will be
August 15, 2012. Students are also encouraged to        College Board
seek outside scholarship opportunities through          search.collegeboard.com/home.jsp
independent sources by utilizing the links to the       College Net
right.                                                  www.collegenet.com
                                                        Fastaid
The following websites will help guide you in your      www.fastaid.com
search for scholarships. Some of the sites are          Fastweb
scholarship databases, so it is important that you      www.fastweb.com
fill out all of the information the database requires   Finding College Scholarships
in order to match your qualifications with possible     www.gocollege.com/goscholarshipsearch/
scholarships. The TAMU-SA Financial Aid Office          Free Scholarship Search
does not endorse any of these websites; however,        www.freschinfo.com
                                                        SRN Express
                                                        www.srnexpress.com
                                                        USA Funds
                                                        www.usafunds.org
                                                        Wired Scholar
                                                        www.wiredscholar.com
Financial Aid FAQs                                                                                          Page 3


Graduation & Loan Repayment                              Stafford Loan Exit Session Dates
                                                         TAMU-SA (Gillette Campus)
Graduating from college is a major milestone.            1450 Gillette, San Antonio, TX 78224
Congratulations on your achievement! So, what's
                                                           Tue.    APR 10: 10-11 a.m., 11-12 p.m.
next for you after college? What does your future
                                                           Wed.    APR 11: 2-3 p.m., 3-4 p.m.
hold?                                                      Thur.   APR 12: 10-11 a.m., 2-3 p.m., 3-4 p.m.
                                                           Wed.    MAY 9: 10-11 a.m., 2-3 p.m.,
If you have student loans, you should be aware of
                                                         Brooks City-Base Campus
repayment, consolidation and deferment options that      2601 Louis Bauer Drive, San Antonio, TX 78235
are available. Before you graduate or drop below
                                                           Wed. APR 11: 6-7 p.m.
half-time attendance (regardless if you plan to
                                                           Thur. MAY 10: 4-5 p.m., 5:30-6:30 p.m.
transfer to another school), regulations require that
you complete an exit counseling session for your        The most important message upon leaving school
Federal Stafford Loans (subsidized or unsubsidized)     and entering repayment is to avoid default at all
and Direct Subsidized and Unsubsidized Loans. This      costs! Defaulting on a student loan has serious
exit session provides information about how to          consequences that include a damaged credit rating
manage your student loans after college.                affecting your ability to qualify for many personal
                                                        loans. Not to mention that you will not be able to
Between now and June 30, 2012, the Department of        receive any future federal student loans with an
Education will provide students with both FFELP and     active default status if you plan on returning to
direct loans an opportunity to consolidate into a       college. Therefore it is imperative that you contact
Special Direct Consolidation Loan. You can determine    your lender as soon as you have difficulty repaying
if this program is to your benefit and see if you       your loans and be aware: student loans cannot be
qualify by going to www.studentloans.gov.               discharged in bankruptcy court.


SAP – Satisfactory Academic Progress
The Higher Education Amendment Act of 1965, as          for financial assistance.
amended, mandates institutions of higher
education to establish a minimum standard of            In addition to maintaining a minimum grade point
“Satisfactory Academic Progress” (SAP) for students     average, students must demonstrate acceptable
receiving financial aid.                                progress toward a degree or certificate objective,
                                                        also known as completion rate, in order to remain
Academic standards are measured on a grading            eligible for financial assistance.
scale of 0.00 to 4.00, based on student
classification and enrollment. Undergraduate and        Finally, students cannot receive financial aid
returning undergraduate students who have               beyond a specified total of attempted credit hours.
previously attended the University must achieve a       The number of semester credit hours a student
minimum cumulative grade point average of 2.00          attempts may not exceed 195 credit hours for
to maintain eligibility for financial assistance.       undergraduate students and 54 credit hours for
Graduate students who have previously attended          graduate students.
the University must achieve a minimum cumulative
grade point average of 3.00 to maintain eligibility
 Page 4                                                                                 Financial Aid FAQs


Fall 2012 Financial Aid
How do I receive Financial Aid?              longer be eligible for               report you will receive after
Financial aid consists of federal,           Subsidized Direct Loans made         completing the FAFSA. It includes
state and institutional grants,              on or after July 1, 2012.            your answers to the questions on
loans, work-study and                       Interest subsidy during the 6        the FAFSA and should be reviewed
scholarships. In order to be                 month grace period will be           carefully for accuracy. The SAR
awarded financial aid, students              temporarily eliminated for any       also includes your Estimated
must complete the FAFSA and be               new loans first disbursed            Family Contribution (see ** Note,
registered for at least 6 credit             on/after July 1, 2012, and           pg. 1). TAMU-SA will receive the
hours. The earlier you complete              before July 1, 2014.                 information from your SAR
the FAFSA, the more likely it is that       Copies of income tax returns         electronically and this will be used
you will be awarded in time before           cannot be accepted for 2012-         to determine the type of financial
the FALL 2012 payment deadline.              2013 verifications.                  aid you are eligible to receive. It is
The priority application deadline is                                              important that you read your SAR
March 31. Each year you may             What documentation is acceptable          to check if mistakes were made on
continue to fill out your FAFSA         if I am selected for verification?        your FAFSA. As long as there are
after this date, but be advised that    TAMU-SA students will need to             mistakes or errors, we will not be
most grant funding will have            submit an IRS Tax Return                  able to award you financial aid. If
already been exhausted. The             Transcript as an acceptable means         your SAR indicates that you made
TAMU-SA Office of Scholarships          to verify that Title IV aid eligibility   an error, you will need to make
and Financial Aid highly encourage      determinations are made based on          corrections online at
students to file earlier than March     the most accurate information             www.fafsa.ed.gov.
31 due to potential requirements        possible. Students can request this
(i.e. verifications and/or necessary    by visiting the IRS website
documents) that may arise in                                                              Contact Information
                                        (www.irs.gov) or calling 1(800)
processing a student’s financial aid                                              Office of Scholarships & Financial
                                        908-9946.
before payment deadline.                                                                           Aid
                                        If I am a nontax filer, what                     Texas A&M University
What do I need to complete the          information will I need to provide?                    San Antonio
2012-2013 FAFSA?                        Nontax filers selected for                        One University Way
January 1, 2012 was the first day       verification will be required to                San Antonio, TX 78224
students could apply for the 2012-      submit W-2(s) from all employers
2013 FAFSA. To complete the             in 2011 and a signed statement                            Email
application students will need their    certifying that the individual has         financialaid@tamusa.tamus.edu
2011 tax return and their parents’      not filed and is not required to file      scholarships@tamusa.tamus.edu
2011 tax return if the student is       an income tax return for 2011.                  Phone: (210) 784-1300
under the age of 24 and single. If a                                                    Fax:    (210) 784-1490
student is married they will need       What is the TAMU-SA school code?
the spouse’s 2011 tax return also       Students attending TAMU-SA will
in order to complete the                need to add Texas A&M University-
application.                            Kingsville’s school code 003639 on
                                        the FAFSA.
Financial Aid Changes for 2012-
2013                                    What is a Student Aid Report?
   Graduate students will no           The SAR (Student Aid Report) is the

				
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