VIEWS: 5 PAGES: 2 POSTED ON: 6/24/2011
OFFICE OF FINANCIAL AID Now that you have been awarded financial aid, here is Undergraduate Award Guide 2011-2012 some information you will need to know. Applying for Federal Direct Parent PLUS Loans How Financial Aid is Calculated 1. View Parent PLUS loan amount in the student’s portal. The amount of financial aid you are eligible for is 2. Log into studentloans.gov and click on Request a determined by a simple formula: PLUS Loan, which will allow the borrower to authorize a credit check. Also, complete a PLUS Student's Cost of Attendance (budget) Master Promissory Note if we don’t have one on - Expected Family Contribution (EFC) file. 3. For more information about interest rates, monthly = Financial Need payments, and types of repayment options visit www.colorado.edu/finaid/parentloans.html. Students with the lowest EFC’s, who apply by the March 1 priority date, are given the highest priority for grant aid. Note: dependent students whose parents fail the credit Scholarships, work-study, and subsidized loans require check are advised to contact a financial aid counselor that students demonstrate financial need, while for more options. Unsubsidized and PLUS loans do not. The amount of financial aid offered is intended to help you Applying for Private Loans cover your college expenses for one academic year. Private loans are recommended as an option only after the student has applied for the federal loan programs. To learn more about these loans, visit Accepting Your Financial Aid www.colorado.edu/finaid/alternative.html Scholarships, grants and work-study awards are automatically accepted. Students and parents will need to follow additional steps to apply for loans. Student Employment Available work-study, hourly, and off-campus jobs may Scholarship Information be viewed in the student portal. Jobs for fall semester are posted around July 1. Private scholarships will need to be reported to our Students awarded work-study for fall semester will need office. This can be done via the student portal. to begin working before October 1 to avoid cancellation Scholarship donors can send checks to Scholarship of the work-study award. Services, University of Colorado Boulder, 77 UCB, Resident advisors or students who participate in the Boulder, CO 80309-0077. Checks should be received Student Work Assistance Program (SWAP) will receive prior to the tuition bill due date to avoid late fees a housing credit. The amount of the credit is considered a financial resource which may reduce other types of financial aid. Applying for Federal Direct Stafford Loans 1. Accept the loan online via the student portal. Financial Aid Refunds Always accept the subsidized loan first. 2. First-time borrowers will need to complete a Financial aid, with the exception of work-study, will be Federal Stafford Loan Master Promissory Note and applied directly to the student’s university bill. Any funds loan entrance counseling online at exceeding the bill will be refunded to the student’s studentloans.gov. designated bank account by direct deposit 3. For more information about interest rates, monthly approximately three days before classes begin. For payments, and types of repayment options visit more information on direct deposit, visit www.colorado.edu/finaid/studentloans.html. www.colorado.edu/bursar or call the Bursar’s Office at 303-492-5381. Students have the right to cancel the loan anytime during the award year. If the loan funds have been refunded to you, those funds will have to be repaid to Professional Judgment the University before the loan can be cancelled. If the student or their parents have unusual circumstances such as a loss of income or unusually Important Note: Students can accept Stafford loans up high medical expenses, they can submit a Professional until the last day of the semester in which they are Judgment Appeal. To learn more about this appeal enrolled at least half-time. process, visit www.colorado.edu/finaid/unusual.html. Financial Aid Policies Mailing Addresses Financial aid policies contain important Office of Financial Aid details about how current and future financial Regent Administrative Center, Room 175 aid can be impacted by actions such as University of Colorado Boulder Undergraduate Award Guide 2011-2012 dropping classes, withdrawing from the Office of Financial Aid university, or not receiving passing grades. 77 UCB Boulder, CO 80309-0077 The following policies can found online at www.colorado.edu/finaid/finaidpolicies.html: Student Employment Regent Administrative Center, Room 205 Adjustments to Financial Aid University of Colorado Boulder Satisfactory Academic Progress Policy Student Employment Student Rights and Responsibilities 77 UCB Withdrawal Policy Boulder, CO 80309-0077 Adjustment to your Award Offer Website and E-mail It is important to note that all awards are based Office of Financial Aid on available funds and full-time enrollment. Website: www.colorado.edu/finaid CU-Boulder has the right to revise or cancel E-mail: firstname.lastname@example.org awards if funds are unavailable; the student’s application contains incorrect data; or the Student Employment student’s enrollment status changes. Website: www.colorado.edu/studentemployment E-mail: email@example.com Financial Aid Funding Sources Scholarship Services Website: www.colorado.edu/finaid/scholarships.html Federally funded programs include: E-mail: firstname.lastname@example.org Federal Pell Grant Federal Supplemental Educational Phone Opportunity Grant (SEOG) Federal Work-Study Office of Financial Aid . . . . . . . . 303-492-5091 William D. Ford Federal Direct Stafford Student Employment . . . . . . . . . 303-492-7349 Loan (subsidized, unsubsidized, PLUS, and Scholarship Services . . . . . . . . . 303-492-4533 graduate PLUS) Office of Financial Aid Fax 303-492-0838 State of Colorado programs funded by the Colorado General Assembly include: U.S. Department of Education Contacts Colorado College Responsibility Grant Colorado Graduate Grant General Info/FAFSA . . . . . . . . . 800-433-3243 Colorado Work-Study TTY/TDD . . . . . . . . . . . . . . . . . . 800-730-8913 Direct Loan Servicer . . . . . . . . . 800-848-0979 Federal and State of Colorado funded programs Direct Loan Consolidation . . . . . 800-557-7392 include: Colorado Leveraging Educational Title IV Institution Code: 001370 Assistance Partnership (CLEAP) Grant Colorado Supplemental Leveraging Educational Assistance Partnership (SLEAP) Grant The University of Colorado Boulder also funds a variety of scholarships and need-based grants. College Opportunity Fund Undergraduate Colorado residents will need to The University of Colorado has a strong institutional commitment to the principles of diversity and takes action to achieve that end. The proactively apply for and authorize the use of university does not discriminate in its educational and employment the state stipend before it is credited to the programs and activities on the basis of race, color, national origin, sex, university bill. Please review the information at sexual orientation, age, disability, creed, religion, or veteran status. www.cu.edu/ums/cof/faq.html.
Pages to are hidden for
"Undergraduate Award Guide"Please download to view full document