SUMMER 2012 ISSUE
F INANCIAL A ID FAQ S
Texas A&M University-San Antonio, One University Way, San Antonio, TX 78224
www.tamusa.tamus.edu ● firstname.lastname@example.org ● (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-
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
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
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
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 email@example.com
2011 tax return and their parents’ not filed and is not required to file firstname.lastname@example.org
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
Financial Aid Changes for 2012-
2013 What is a Student Aid Report?
Graduate students will no The SAR (Student Aid Report) is the