Financial Aid Information

Transcription

1 Financial Aid Information Federal Student Aid (FSA) is authorized under the Higher Education Act of 1965 and is facilitated through the Office of Federal Student Aid (FSA) an Office of the U.S. Department of Education. In order to receive funding from the Federal Student Aid programs you must meet specific eligibility requirements directed by the Department of Education. The Financial Aid and Scholarships Office must ensure you have met all eligibility requirements prior to awarding and disbursing aid to you and must ensure you continue to meet those eligibility requirements after Federal Student Aid funds have been awarded and disbursed to you. To view information on eligibility requirements please view the Financial Aid and Scholarships website at or the Federal Student Aid website at Your eligibility requirements can be found under our UVLink Financial Aid Requirements, Unsatisfied Requirements section and on the Financial Aid Holds section. To view your financial aid requirements: Log in to UVLink Select the Student tab Select Financial Aid under Banner Services Select Requirements Select Aid Year Award Year View the Requirements under the Unsatisfied Requirements section You can also check for financial aid holds under the "Holds" tab after clicking on the Requirements link Changes to your eligibility may occur at any time, even after your aid has disbursed. You will not receive your initial financial aid or further financial aid until you have provided all necessary documents and resolved any requirements (that could be added at any time). If required, the Financial Aid and Scholarships Office may need to return the funds you have received to the federal programs; therefore, we encourage you to monitor your requirements and holds. Your requirements will be updated as soon as the Financial Aid and Scholarships Office is aware of these changes. If you make changes to your financial aid information or update or change your FAFSA, your eligibility requirements could change, and you may need to submit additional information to the Financial Aid and Scholarships Office. A list of eligibility requirements can be found at As stated on your Admissions Application, you voluntarily consent to receive electronic transactions via your UVLink . Notifications will be sent to you via your UVLink and your Financial Aid requirements section of UVLink. Upload Documents to the Financial Aid and Scholarships Office Upload your documents to the Financial Aid and Scholarships Office through your UVLink. All documents must be in PDF format. Citizenship documents, the Statement of Identity and Educational Purpose, and official transcripts may not be uploaded. To upload your documents: Log in to UVLink, Click on Student Tab, Financial Aid folder (under Banner Services), Upload Financial Aid Forms, Select the appropriate Aid Year, choose your document by clicking the Browse button in the Select File for Import field, Submit File. Documents will not upload unless in PDF format.

2 Satisfactory Academic Progress To be eligible for Federal Student Aid (FSA) funds, the Department of Education requires all students to maintain Satisfactory Academic Progress each semester. Utah Valley University evaluates a student s Satisfactory Academic Progress at the end of each semester to determine if the student is making Satisfactory Academic Progress in his or her academic program. The Satisfactory Academic Progress evaluation includes all terms of enrollment, including any periods of enrollment in which the student did not receive federal financial aid. Satisfactory Academic Progress is measured in three areas: 1. Grade Point Average (GPA) - An undergraduate student must maintain a cumulative GPA of at least 2.0. A graduate student must maintain a cumulative GPA of Completion Rate An undergraduate student must complete at least 67% of all credit hours attempted, a graduate student must complete 80% of all credit hours attempted at Utah Valley University and any accepted transfer credits (all classes listed on your transcript). 3. Maximum Time Frame An undergraduate student may have attempted no more than 150% of the required credit hours for their academic program (approximately 90 credit hours for an Associate s Degree or 180 credit hours for a Bachelor s Degree). Graduate students may receive aid for a maximum of 45 attempted hours in their graduate program. If a student has failed to meet any of the Satisfactory Academic Progress standards, the student is no longer eligible to receive federal financial aid. Students who have failed the Satisfactory Academic Progress standards will either receive a warning or a failed status. Warning Status: if the student met the Satisfactory Academic Progress standards in the semester prior to the failed semester, the student will receive a warning status for one semester. During this warning semester the student may receive federal student aid; however, the student must meet the Satisfactory Academic Progress standards at the end of the semester in which they received a warning. Failed Status: if the student fails to meet the Satisfactory Academic Progress standards at the end of the semester in which they received a warning, or if the student fails to meet the Satisfactory Academic Progress standards at the end of the semester in which they were placed on an academic plan, or if the student has consecutive failed semesters, the student is no longer eligible to receive federal financial aid. The student may choose to appeal to possibly have their federal financial aid reestablished for a probationary period. Completion of the appeal process does not guarantee financial aid will be reinstated. If the appeal is denied, the student could be required to attend without federal student aid. In order to appeal, a student must have documentable mitigating circumstances that impacted their ability to meet the Satisfactory Academic Progress standards. Examples of mitigating circumstances may include serious illness, severe injury, death of a family member, etc. Completion of the appeal process does not guarantee financial aid will be reinstated. A student who chooses to appeal to receive federal financial aid for a probationary period must complete the appropriate appeal form. If the appeal is approved with an academic plan, the student must meet with a Financial Aid and Scholarships Counselor to discuss the details of the student s academic plan. The student must meet the requirements of his or her plan each semester in order to continue receiving federal financial aid. If you are currently on an approved academic plan, you must continue to meet the requirements of your plan in order to continue receiving federal financial aid. If you are unsure of the requirements of your plan, please meet with a Financial Aid and Scholarships Office Counselor. To have an appeal form reviewed, you must upload all completed documentation no later than two weeks before the last day of your enrollment for the semester you are requesting aid. If documentation is not complete, and you do not provide the necessary documentation within the appropriate time frames, you forfeit receiving federal financial aid.

3 How Do I Appeal? If a student on financial aid warning fails to meet the Satisfactory Academic Progress standards at the end of one payment period (semester), the student will receive a failed Satisfactory Academic Progress status. The student then has the right to appeal. All failed Satisfactory Academic Progress standards may be appealed. If a student on a financial aid academic plan fails to meet the conditions of the plan at the end of one payment period (semester), the student will receive a failed Satisfactory Academic Progress status. The student then has the right to appeal. All failed Satisfactory Academic Progress standards may be appealed. Students who have failed either the GPA or Completion Rate standard Must complete the Satisfactory Academic Progress Appeal Form. Students who have failed the Maximum Time Frame standard must complete the Maximum Time Frame Academic Plan. Students who have failed the GPA or Completion Rate standard and the Maximum Time Frame standard must complete both forms. If a student fails the GPA and/or Pace standard at the end of their Satisfactory Academic Progress warning payment period, and if the student chooses to appeal, the Satisfactory Academic Progress Appeals Committee may determine the student may not be able to meet the Satisfactory Academic Progress standards by the end of the subsequent payment period (semester) in which they would receive a probation. The Satisfactory Academic Progress Appeals Committee may develop an academic plan that, if followed, should allow the student to meet the Satisfactory Academic Progress standards by a specific point in time. The appeal will be approved and the student will be placed on financial aid probation for the subsequent payment period, and an academic plan will be established with the student for the following payment period(s). Students who has failed the Maximum Time Frame Standard Must complete the Maximum Time Frame Academic Plan Form. If a student fails the Maximum Time Frame standard at the end of their Satisfactory Academic Progress warning payment period, and if the student chooses to appeal, the Satisfactory Academic Progress Appeals Committee may determine the student may not be able to meet the Satisfactory Academic Progress standards by the end of the subsequent payment period (semester) in which they would receive a probation. The Satisfactory Academic Progress Appeals Committee may develop an academic plan that, if followed, should allow the student to complete their academic program by a specific point in time. The appeal will be approved and the student will be placed on financial aid probation for the subsequent payment period, and an academic plan will be established with the student for the following payment period(s). The student will submit an active and locked Wolverine Track academic plan that will detail the courses the student needs to take in order to complete their academic program. The student will be notified of the conditions and compliance of their academic plan at the time they complete Satisfactory Academic Progress counseling. Plans are approved based on full time enrollment and may be adjusted if a student does not attend full time. The Satisfactory Academic Progress Appeals Committee will determine what is included in the student s academic plan. The recommendation could include (for those who fail the GPA standard) receiving at least a 2.0 GPA semester until the student is back into compliance or at least a C in each enrolled class. The student will be notified of the conditions and compliance of their academic plan at the time they complete Satisfactory Academic Progress counseling. Plans are approved based on full time enrollment and may be adjusted if a student does not attend full time. If, at the end of each payment period in which the student receives an academic plan, the student is still not in compliance with the Satisfactory Academic Progress standards, the student may submit a statement explaining how they have met their plan. A financial aid employee will review the student s academic record to determine if the academic plan has been met. If it has been met, the student may receive financial aid for the subsequent payment period. If the academic plan has not been met, the student is no longer eligible for financial aid. The student may appeal if they have mitigating circumstances that caused them to not meet their academic plan, or they may need to attend without federal student aid.

4 Financial Aid Warning If the student met the SAP standards during their prior aid period, the student may be placed on financial aid warning. A student placed on financial aid warning due to not making satisfactory academic progress may continue to receive Federal Student Aid and other state and institutional aid for one payment period (semester). A student could have successive warning periods throughout their academic program. A student on financial aid warning who meets the SAP standards during the next payment period (semester) will receive Federal Student Aid; however, if the student fails to meet the SAP standards during the subsequent payment period (semester), the student will be placed on warning again. Financial Aid Probation If a student on financial aid warning fails to meet the SAP standards at the end of one payment period (semester), the student will receive a failed SAP status. The student then has the right to appeal. If the appeal is approved, the student will be placed on financial aid probation. The student would submit an appeal form and would be placed on financial aid probation for the next payment period (semester). If the appeal is denied, the student must follow the direction given by the appeals committee, which may include attending a semester or semesters without federal student aid. A student on financial aid probation may receive Federal Student Aid and other state and institutional aid for one payment period (semester). The student will be required to complete Online Satisfactory Academic Progress counseling. Academic Plan If the committee feels that the student will require more than one payment period (semester) to reestablish eligibility with SAP standards, the committee, along with the student, may establish an academic plan. If at the end of the payment period (semester) the student fails to meet the SAP standards, the student no longer qualifies for Federal Student Aid and other state and institutional aid unless they were on an academic plan and have met that plan. Students who are granted an academic plan will first be placed on probation. At the end of the probation payment period (semester), if the student failed to meet the SAP standards but met their academic plan, they will receive Federal Student Aid the following payment period (semester); however, the student must submit a statement for review. The student will be required to complete Online Satisfactory Academic Progress counseling and in person Satisfactory Academic Progress counseling. If at the end of each payment period (semester) that the student is on a plan they fail to meet the SAP standards and fail to meet their academic plan, the student will receive a failed SAP status. The student then has the right to appeal. If the appeal is approved, they will be placed on financial aid probation. If the appeal is denied, the student must follow the direction given by the appeals committee, which may include attending a semester or semesters without federal student aid.

5 How Does Withdrawing, Receiving an Incomplete, Repeating a Course, Impact My Satisfactory Academic Progress? Transfer Credit Hours: Utah Valley University s Transfer Credit Office does not include transferred GPAs in their calculation in a student s cumulative GPA. Therefore, the cumulative GPA measurement at Utah Valley University is not affected negatively or positively by transfer credit hours. Utah Valley University s Transfer Credit Office does not accept transfer course with grades below a C-.Transfers courses accepted at Utah Valley University will show as overall attempted credit hours and earned credit hours and are included in the Completion Rate standard. Therefore, the transfer credit hours can negatively or positively affect a student s Completion Rate depending on the amount of credit hours transferred and the student s attempted credit hours and earned credit hours at Utah Valley University. Utah Valley University s Transfer Credit Office accepts transfer course with grades of C- or above. Transfers courses accepted at Utah Valley University will show as overall attempted credit hours and earned credit hours and are included in the Maximum Time Frame standard. Therefore, the transfer credit hours can negatively affect a student s Maximum Time Frame depending on the amount of credit hours transferred to Utah Valley University. Incomplete Grades: Incomplete grades are not considered in a student s GPA calculation. If the student has an incomplete grade at the time Satisfactory Academic Progress is processed, the incomplete grade will not negatively or positively impact the student s GPA. If an incomplete grade is not resolved within one year, the incomplete grade is changed to an E grade, which could negatively impact the student s GPA. Depending on what grade is assigned to the student after they complete their requirements for the class, the grade could negatively or positively impact a student s GPA. Incomplete grades are not considered completed courses; therefore, if a student has an incomplete grade at the time of evaluation the incomplete grade will negatively impact the student s Completion Rate as the incomplete grade will be considered attempted credit hours but not earned credit hours. If the student meets the Completion Rate standard of 67% for an undergraduate or 80% for a graduate the incomplete grade will not cause them to fail Satisfactory Academic Progress. If the student does not meet the Completion Rate standard of 67% or 80% the incomplete grade could cause them to fail Satisfactory Academic Progress. Incomplete grades are not considered completed courses; therefore, if a student has an incomplete grade at the time of evaluation the incomplete grade could negatively impact the student s Maximum Time Frame as the incomplete grade will be considered attempted credit hours. Unofficial Withdrawal Grades (Receiving a UW): Unofficial withdrawal grades (UW) are considered in a student s GPA calculation. A student is assigned this grade when they cease to attend a class for which they were registered but do not follow procedures for officially withdrawing. This grade will negatively impact the student s GPA. Unofficial withdrawal grades (UW) are not considered completed grades but are considered attempted credit hours; therefore, if a student received an unofficial withdrawal grade, it could negatively impact their Completion Rate. A student is assigned this grade when they cease to attend a class for which they were registered but do not follow procedures for officially withdrawing. Unofficial withdrawal grades (UW) are not considered completed grades but are considered attempted credit hours; therefore, if a student received an unofficial withdrawal grade, it could negatively impact their Maximum Time Frame. A student is assigned this grade when they cease to attend a class for which they were registered but do not follow procedures for officially withdrawing.

6 Officially Withdrawing or Dropping a Class: Official withdrawal grades (W) are not considered in a student s GPA calculation. Therefore, the cumulative GPA measurement at Utah Valley University is not affected negatively or positively by the W grade. Official withdrawal grades (W) are not considered completed grades but are considered attempted credit hours; therefore, if a student received an official withdrawal grade it could negatively impact their Completion Rate as the W grade will be considered attempted credit hours but not earned credit hours. Official withdrawal grades (W) are not considered completed grades but are considered attempted credit hours; therefore, if a student received an official withdrawal grade it could negatively impact their Maximum Time Frame as the W grade will be considered attempted credit hours. Repeating a Course: Utah Valley University s repeat policy states the most recent grade will be used in the calculation of the GPA. Upon completion or failure of the repeated course, the repeat is indicated on the student s transcript (E=Exclude, I=Include). Therefore, the repeat GPA can negatively or positively affect a student s GPA as previous grades are excluded and repeated grades are included. Utah Valley University s repeat policy states the most recent grade will be used in the calculation of the GPA. Upon completion or failure of the repeated course, the repeat is indicated on the student s transcript (E=Exclude, I=Include). Therefore, the repeat course could negatively impact their Completion Rate as the initial course will be considered attempted credit hours but not earned credit hours. Utah Valley University s repeat policy states the most recent grade will be used in the calculation of the GPA. Upon completion or failure of the repeated course, the repeat is indicated on the student s transcript (E=Exclude, I=Include). Therefore, the repeat course could negatively impact their Maximum Time Frame as the initial course will be considered attempted credit hours as will the repeated course. Remedial Course Work: Students at Utah Valley University who are admitted into an eligible program can take remedial coursework within that program. Because a student in this situation is considered a regular student, the same Satisfactory Academic Progress policies apply. Audited Courses Students may choose to register for courses on an audit basis. Students who are auditing a course are not eligible to receive federal financial aid. Audited courses are not used in the GPA calculation; therefore, an audited course will not negatively or positively impact a student s GPA. Students may choose to register for courses on an audit basis. Students who are auditing a course are not eligible to receive federal financial aid. Audited courses are considered attempted credit hours but not earned credit hours; therefore, an audited course could negatively impact a student s Completion Rate. Students may choose to register for courses on an audit basis. Students who are auditing a course are not eligible to receive federal financial aid. Audited courses are considered attempted credit hours; therefore, an audited course could negatively impact a student s Maximum Time Frame. Non-Credit Courses Students may choose to register for a non-credit course. Students who are registered in a non-credit course are not eligible to receive federal financial aid. Non-credit courses are not used in the GPA calculation; therefore, a non-credit course will not negatively or positively impact a student s GPA. Students may choose to register for a non-credit course. Students who are registered in a non-credit course are not eligible to receive federal financial aid. Non-credited courses do not receive credit; therefore, they do not impact the student s Completion Rate.

7 Students may choose to register for a non-credit course. Students who are registered in a non-credit course are not eligible to receive federal financial aid. Non-credited courses do not receive credit; therefore, they do not impact the student s Maximum Time Frame.

8 Deadlines The Student Timetable located at contains all general UVU dates. You should be aware of all Utah Valley University deadlines found on the Student Timetable. If your class does not start on a date listed on the Student Timetable, please contact the department responsible for the class or the Office of the Registrar for your deadline dates. You must have a valid FAFSA by the last day for the semester for which you are enrolled and would like to receive financial aid. The ability to be awarded and/or retroactively awarded is determined by meeting all eligibility requirements at the time your file is completed. This includes Satisfactory Academic Progress. You may only be awarded retroactively for semesters during which you met and maintained Satisfactory Academic Progress standards and all other eligibility requirements. To ensure your financial aid funds are available to you on the first day of each semester, you must have completed all requirements by: Fall Semester: August 1st Spring Semester: December 1st Summer Semester: April 1st If you fail to meet these deadlines, while you will not have aid available on the first day of the semester, you may still receive financial aid for the semester. However, you must have a valid FAFSA and must meet all eligibility requirements by the last day of the semester for which you are enrolled and requesting aid. Additional requirements may be added at any time (even after you have submitted all of your documentation and even if you have been told everything is okay). What Does a Completed File Mean? A completed file means all required documents (as shown in your UVLink account) have been accurately completed and submitted to the Financial Aid and Scholarships Office, and have been reviewed and satisfied by our office. In addition, all eligibility requirements must be met. It may take at least four weeks to process accurate documents; therefore, all accurate documents should be submitted to the Financial Aid and Scholarships Office at least four weeks before the dates listed. Verification Deadlines For the Pell Grant program, you may submit verification documents no later than 100 days after the last day of enrollment, or two weeks before the last day of Summer semester, whichever is sooner. For the Direct Stafford Loan and Campus-Based Aid programs, you may submit verification documents no later than two weeks before your last day of enrollment. If you fail to submit your verification documents by the appropriate dates you forfeit receiving Title IV aid as well as any other State or Institutional Aid that requires FAFSA information. If you choose to wait until the deadlines listed above to submit your verification documentation, the documentation will be processed; however, if you do not meet all eligibility requirements for the term you were enrolled in (including Satisfactory Academic Progress), you cannot be retroactively awarded. We encourage you to submit verification documentation at least two weeks before you cease to be enrolled. Note that loans cannot be originated after the last date of your enrollment; consequently, failing to submit verification documents during the term you are enrolled will prevent you from receiving a loan. You must submit verification documents at least two weeks before you cease to be enrolled in order to possibly receive a loan. If you are not initially selected for verification and you receive a Pell Grant, but then you are selected on a subsequent FAFSA transaction, you cannot have additional Pell Grant funds disbursed to you until verification is completed by the appropriate deadlines and all eligibility requirements are met (by appropriate deadlines). You must provide the appropriate verification documents at least two weeks before you cease to be enrolled. If you do

9 not provide the verification documentation within this time, you will forfeit the PELL Grant for the remaining award year and must repay any PELL Grant, SEOG, or Perkins funds already received for that award year. You must also stop working if you received Work Study funds. You do not need to return to UVU the Direct Loan funds that were received before being selected for verification. Satisfactory Academic Progress Deadlines If you have failed the Satisfactory Academic Progress standards, you must have a completed Satisfactory Academic Progress Appeal and/or Maximum Time Frame Academic Plan submitted to the Financial Aid and Scholarships Office no later than two weeks prior to the last day of the payment period (last day of the semester) for which you are requesting aid. UVU evaluates Satisfactory Academic Progress at the end of each semester after grades are officially posted. If you fail to meet the Satisfactory Academic Progress standards, Satisfactory Academic Progress requirements will not show on your UVLink account until after Satisfactory Academic Progress is evaluated at the end of each semester. Your financial aid funds for the following semester will not be available to you until your Satisfactory Academic Progress standing is either appealed (and approved) or resolved.

10 How Will I Be Notified? The Financial Aid and Scholarships Office will keep you informed of your financial aid status through your UVLink account, under the Banner Services section, and the Financial Aid folder. You can also view your Cost of Attendance, see your awards, and accept your awards through your UVLink account. Log in to UVLink Select the Student tab Select the Financial Aid folder under Banner Services The Financial Aid Status Link: The Financial Aid Status link is a brief overview of your status. If you have unsatisfied requirements for a specific aid year, you will be provided a link that will take you to your Requirements page. You will also have access to your academic transcript and financial aid history. The Requirements Link The Requirements link will notify you of any outstanding requirements you have. You can find these requirements under in the Unsatisfied section. The Satisfied section will contain all requirements that you have completed. We encourage you to view this section of your UVLink account often as Requirements can change at any time, even after you have received federal student aid. You can click on the Holds tab to view any financial aid holds that might need to be resolved. The Academic Progress tab will show the status of your Satisfactory Academic Progress. The Award Folder The Award folder contains several different links. Award: to view and to accept your awards use this link and click on the Accept Award Offer. You must first accept the Terms and Conditions prior to viewing your award. The Award Overview tab will show your Cost of Attendance, Expected Family Contribution, and awards. The General Information tab will list any information pertaining to your award. The Federal Shopping Sheet You may obtain your Cost of Attendance, award, and other financial information pertaining to attending Utah Valley University by viewing your Shopping Sheet. The Shopping Sheet is a resource developed by the U.S.Department of Education to help students understand their educational costs and the aid available to meet those costs. Upload Financial Aid Forms To upload required forms, to the Financial Aid and Scholarships Office, use this link. Satisfactory Academic Progress Counseling Use this link if you failed to meet the Satisfactory Academic Progress standards, have chosen to appeal, and must complete Online Satisfactory Academic Progress. The Financial Aid and Scholarships Office may also contact you through your UVLink or by telephone. Listed below are s you might receive from the Financial Aid and Scholarships Office. Once Utah Valley University receives your FAFSA application, you will receive an to your UVLink account notifying you it has been received. You can then view your eligibility requirements to determine what other information might be required. If you are selected for verification by the U.S. Department of Education, you will receive an to your UVLink account. You can then view your eligibility requirements to determine what information is required. If your verification documents that you uploaded to the Financial Aid and Scholarships Office are incomplete, you will receive an to your UVLink account. You can then view your eligibility requirements to determine what information is required.

11 After you are awarded, or whenever there is a change in your award, you will receive an to your UVLink account. You can then view your award either through the Award link on your UVLink account or by viewing your Shopping Sheet in UVLink. If you are not eligible for a loan, you will receive an to your UVLink account. You can then view your awards either through the Award link on your UVLink account or by viewing your Shopping Sheet in UVLink. If you were awarded a loan and complete a Loan Cancellation Request, you will receive an to your UVLink account once that request is processed. You can then view your awards either through the Award link on UVLink account or by viewing your Shopping Sheet in UVLink. If you were awarded a Pell Grant, and become ineligible or do not qualify due to meeting your Pell Lifetime Eligibility, you will receive an to your UVLink account. You can then view your awards either through the Award link on your UVLink account or by viewing your Shopping Sheet in UVLink If your classes will not be dropped due to Utah Valley University receiving your FAFSA application, you having been awarded a scholarship, or you have had a private education loan certified, you will receive an to your UVLink account notifying you that your classes are being held. If you fail your Satisfactory Academic Progress Standards, you will receive an to your UVLink account. You can then view your eligibility requirements to determine what information is required. If you uploaded a Satisfactory Academic Progress Appeal, and it was approved, you will receive an to your UVLink account. You can then view your eligibility requirements to determine what further information is required. If you uploaded a Satisfactory Academic Progress Appeal, and it was denied, you will receive an to your UVLink account. If you uploaded a Satisfactory Academic Progress Appeal, and it is incomplete, you will receive an to your UVLink account. You can then view your eligibility requirements to determine what further information is required. If you owe a financial aid repayment, you will receive an to your UVLink account. You can then view your student account balance in UVLink. You will receive an with Census Date information to remind you of your responsibilities and what will happen on that date. Once Utah Valley University disburses your loan to your student account, you will receive an to your UVLink account. You can then view your student account balance in UVLink. If there is a change to your Expected Family Contribution, you will receive an . You can then view your awards either through the Award link on your UVLink account or by viewing your Shopping Sheet in UVLink. If you failed the Satisfactory Academic Progress standards but were eligible to receive a Warning Satisfactory Academic Progress semester, you will receive an .

12 Tuition and Fee Payment Deadline You are responsible for your tuition and fee charges regardless of financial aid eligibility. If you do not pay the tuition owed, you will receive a late fee, your classes may be dropped, and you will not be able to register for future semesters. If you add/drop classes after your financial aid has been disbursed, you may owe money back or have additional tuition charges. Late fees are assessed at 11:59 pm Mountain Time on all unpaid account balances every Wednesday after the semester begins. To avoid being assessed a late fee, pay your balance or (if you qualify) enroll in the Tuition Payment Plan under Financing and Paying for Your Education on the UVLink Student tab before 11:59 pm Mountain Time on Wednesdays. Classes will be dropped for nonpayment if your tuition is not paid by the tuition deadline. The Tuition/Fees Payment Deadline is notated on the Student Timetable. If you have registered for classes and Utah Valley University has received your FAFSA application, or You have been awarded a scholarship, or You have had a Private Education Loan certified Your classes will not be dropped for non-payment. It takes Utah Valley University three to five business days to receive your FAFSA application after you submit it to the U.S. Department of Education. In order for your FAFSA to be received and show on your file at Utah Valley University, you must not have conflicting information with your social security number, first and last name, or birthdate. Although your Fall classes will not be dropped, you must meet all financial aid and scholarships requirements including the satisfactory academic progress (Satisfactory Academic Progress) requirements in order to receive your financial aid or scholarship for Fall semester. You can confirm your classes will not be dropped by checking your financial aid status in UVLink. Click on the Will my classes be dropped link for the semester in which you have enrolled and for which you owe tuition and fees. If your tuition is not completely covered by your disbursed financial aid, you must pay the remaining balance or you will receive a late fee. After the Tuition and Fee Payment Deadline If you do not have a completed financial aid file (with no outstanding financial aid requirements showing in UVLink) by the first day of class, or if you do not qualify for financial aid, you must pay your tuition and fees or (if you qualify) enroll in the Tuition Payment Plan by the Tuition/Fees deadline on the Student Timetable; otherwise you will receive a late fee. Late fees are assessed at 11:59 pm Mountain Time on all unpaid account balances every Wednesday after the semester begins. If you do have a completed financial aid file (with no outstanding financial aid requirements in UVLink) by the first day of class, or if your tuition is not completely covered by your disbursed financial aid or scholarship, or if you incur additional expenses after your excess financial aid or scholarship has been refunded to you (i.e. adding a class, financial aid taken back), you must pay the remaining balance or (if you qualify) enroll in the Tuition Payment Plan by the first day of class, or you will receive a late fee. Late fees are assessed at 11:59 pm Mountain Time on all unpaid account balances every Wednesday after the semester begins. If you owe a financial aid repayment for any reason, you are accountable to pay the amount due to Utah Valley University. If you do not pay, and the balance is sent to a collection agency, you will be responsible for any collection costs, reasonable attorney fees, or court fees required in an effort to collect this debt.

13 Not Attending Utah Valley University? If you decide not to attend, you must drop your classes by completing a Leave of Absence ( by the appropriate Last Day to Drop and Not Show on Transcript date (100% refund deadline) listed on the Student Timetable ( If you do not drop your classes by the appropriate Last Day to Drop and Not Show on Transcript date listed on the Student Timetable ( will be responsible for paying all tuition and fees associated with the classes you are registered for, even if you do not attend the classes. Your classes will not be dropped automatically for you. If you do not drop your classes, and do not attend your classes but receive financial aid or a scholarship, in addition to owing the tuition and fees associated with your classes, you must also repay (to the Cashiers Office at Utah Valley University) any refund(s) received. If you do drop your classes and received financial aid or a scholarship, you must repay(to the Cashiers Office at Utah Valley University) any refund(s) received. How to Avoid Receiving a Late Fee To avoid being assessed a late fee, pay your balance or (if you qualify) enroll in the Tuition Payment Plan under Financing and Paying for Your Education on the UVLink Student tab before 11:59 pm Mountain Time on Wednesdays.

14 Cost of Attendance Financial planning is an important part of your success at Utah Valley University and your future. It is important to consider what it will cost you to attend school and to determine how you might pay for your education. The foundation of federal financial aid begins with your Cost of Attendance, which is an estimate of what it will cost you to attend school. It sets the limit on the total aid you may receive. You may receive federal student aid, Utah Valley University scholarships, scholarships outside of Utah Valley University, and other Estimated Financial Assistance up to your Cost of Attendance. If you receive assistance beyond your Cost of Attendance, the Financial Aid and Scholarships Office must return federal student aid to the Department of Education, and return private education loan funds to the lender, until your assistance no longer exceeds your Cost of Attendance. The one exception is if you only receive a Federal Pell Grant and no other federal aid or private education loan. Per federal regulations and Department of Education guidance, the Cost of Attendance can include tuition and fees, books and supplies, room and board, personal (miscellaneous) costs, and minimal transportation costs to and from school (the purchase of a car is excluded from this provision). On a case-by-case basis, the Cost of Attendance might also include: an educational loan fee, dependent care, computer purchase, disability costs, etc. If you are awarded a Direct Loan, your Cost of Attendance will include the educational loan fee. If you would like your Cost of Attendance to include dependent care, computer purchase, disability costs, etc. you may complete the Cost of Attendance Appeal located on the Forms page of the Financial Aid and Scholarships Office website. Your Cost of Attendance will be established based on the following: Tuition: as notated on the Tuition Tables for the academic year. Undergraduate and graduate students have different tuition amounts. Resident and Nonresident students also have different tuition amounts. General Student Fees: as notated on the Tuition Tables for the academic year. Undergraduate and graduate students have different fee amounts. Books and supplies: are the same average costs for all students based on a survey conducted by the Utah Valley University Institutional Research and Information Department. Minimal transportation: is the same average cost for all students based on a survey conducted by the Utah Valley University Institutional Research and Information Department. Minimal miscellaneous expenses: is the same average cost for all students based on a survey conducted by the Utah Valley University Institutional Research and Information Department. Room and Board estimates are based on the response you provided for the Housing Plans question on the FAFSA application. If you stated you are living at home with your parents, your estimates will be lower. Federal student aid is subject to regulations that limit the amount of aid that may be awarded to you. Your award may not be enough to pay your tuition and fees or cover your full Cost of Attendance. You may need to find other resources to help fund your education. Due to higher tuition amounts, generally Nonresident students will not receive a federal student aid award that will cover all of their tuition and fees. If you are a Nonresident student, be prepared to pay for a portion of your educational expenses What Might Impact Your Cost of Attendance Certain programs might have additional course fees, determined by individual departments that are included in general fees. This could increase the cost for you to attend Utah Valley University. We encourage you to visit the website, review the catalog, or call the department for which your academic program is under to determine additional costs. You may complete the Cost of Attendance Appeal located on the Forms page of the Financial Aid and Scholarships Office website to have additional course fees added to your Cost of Attendance. If you are attending less than half-time, an adjustment will be made to your Cost of Attendance. This adjustment will result in you returning funds to UVU that you have already received.

15 Failure to accurately disclose outside Estimated Financial Assistance (i.e. scholarships, tribal grants, tuition assistance, etc.) may result in funding that exceeds your Cost of Attendance (overaward). You will be required to repay overawards regardless of when they occur. We encourage you to notify the Financial Aid and Scholarships Office of any outside Estimated Financial Assistance so that you are not overawarded. If you are a non-resident student and receive residency status, your Cost of Attendance will decrease which will impact your financial aid. You will be required to repay overawards created by changes in your residency status. Can You Increase Your Cost of Attendance? If you have expenses that are more than the allotted COA amount, you may complete the Cost of Attendance Appeal located on the Forms page of the Financial Aid and Scholarships Office website.

16 Award Information Once the Financial Aid and Scholarships Office has received your FAFSA, which must include a valid Expected Family Contribution (EFC) and you have met all eligibility requirements, the Financial Aid and Scholarships Office will award you federal student aid. When you complete the FAFSA, you are applying for a Pell Grant, Federal Student Loans, and Campus-Based aid. Federal student aid is subject to regulations that limit the amount of aid that may be awarded to you. Your award may not be enough to pay your tuition and fees or cover your full Cost of Attendance. You may need to find other resources to help fund your education. Due to higher tuition amounts, generally Nonresident students will not receive a federal student aid award that will cover all of their tuition and fees or their full Cost of Attendance. If you are a Nonresident student, be prepared to pay for a portion of your educational expenses. After your federal student aid has been applied to your account, you can view your remaining balance in UVLink, go to the Student tab, click on Financing and Paying for Your Education, Tuition Payment Plus. You may also apply for Federal Plus Loans, private education loans, or scholarships outside of Utah Valley University to aid in covering the remaining balance. Once you are awarded, the Financial Aid and Scholarships Office will send you an notifying you of your award. You can view your award and accept necessary awards through your UVLink account. You must accept the Terms and Conditions prior to viewing your awards. Log in to UVLink Select the Student tab Select Financial Aid under Banner Services Select Award Folder Select Award File Select Aid Year Award Year You must first accept your Terms and Conditions (on the 4th tab), read your Terms and Conditions and then accept them Once you have accepted your Terms and Conditions, select the Accept Award Offer tab to view and accept awards You may also obtain your Cost of Attendance, award, and other financial information pertaining to attending Utah Valley University by viewing your Shopping Sheet. The Shopping Sheet is a resource developed by the Department of Education to help students understand their educational costs and the aid available to meet those costs. To view your Shopping Sheet: Log in to UVLink Select the Student tab Select Financial Aid under Banner Services Select Federal Shopping Sheet Select Aid Year Award Year Click on Submit Items That Can Impact Some or All of Your Awards If you complete the academic requirements for a program but have not yet accepted that degree, you are not eligible for further additional federal student aid funds for that program. If you complete all the requirements for a bachelor s degrees but continue taking undergraduate courses without accepting that degree, you are not eligible to receive further Pell Grant funds. If you are a transfer student, you will receive a hold on your application until the Financial Aid and Scholarships Office can verify you are no longer scheduled to receive awards at the prior institution. If you receive more than your annual maximum loan limits at both schools, you will be required to repay this overaward.

17 Impact of Repeating a Class Federal financial aid may not be used to pay for more than one repeat of a previously passed course. Impact of Remedial Classes Federal financial aid may only pay for 30 remedial credit hours (courses under 1000). Impact of Auditing a Class Federal financial aid cannot pay for audited classes. Estimated Financial Assistance Estimated Financial Assistance includes any educational benefit paid to or on behalf of you because of your enrollment in postsecondary education. This educational benefit can be awarded by Utah Valley University or by an individual or organization outside of Utah Valley University. If, at any time during the award year, you receive additional Estimated Financial Assistance that was not considered when you were initially awarded, and if the aid exceeds your need or Cost of Attendance, the excess amount is considered an overaward and the Financial Aid and Scholarships Office will be required to return funding to the Department of Education until you no longer exceed your need or Cost of Attendance. We strongly encourage you to notify the Financial Aid and Scholarships Office of any Estimated Financial Assistance you will be receiving while attending Utah Valley University. The Financial Aid and Scholarships Office will be notified, by the Cashiers Office, as soon as outside Estimated Financial Assistance is received at Utah Valley University and your award packaging may be adjusted. If any of your federal student aid or other State aid must be been returned to the U.S. Department of Education or the State program, you will owe a balance to the Utah Valley University Cashiers Office. If that balance is not paid, Utah Valley University may place holds on your student account if the balance is not paid. These holds include but are not limited to preventing enrollment in classes, inability to obtain your Utah Valley University transcript, receiving your Utah Valley University diploma, etc. In addition you could incur a late fee. If you do not pay the balance, and the balance is sent to a collection agency, you will be responsible for any collection costs, reasonable attorney fees, or court fees required in an effort to collect this debt. You may always review your Utah Valley University balance by logging into your UVLink account; go to the Student Tab, Financing and Paying for Your Education, Tuition Payment Plus. Expected Family Contribution (EFC) The Expected Family Contribution is calculated by the Department of Education and is a measure of how much the student and their family can be expected to contribute to the cost of the student s education. The Expected Family Contribution determines your eligibility to be awarded Pell Grants and other aid. National Student Loan Data System The Financial Aid and Scholarships Office will send your loan information to the U.S. Department of Education. This information is then included in the National Student Loan Data System (NSLDS) and is accessible to you and authorized agencies, lenders, services, and institutions. You can view your complete loan and Pell Grant history in the National Student Loan Data System at

18 Pell Grant Awarding Pell Grants are awarded and disbursed according to the Pell Schedules that the Department of Education publishes each year. For the aid year the schedules can be found at: You must have a Pell eligible Expected Family Contribution and meet all other eligibility requirement to be awarded a Pell Grant. You will be awarded at full-time status; however, your Pell Grant will disburse based upon credit hour enrollment. Full-time enrollment = 12+ credit hours, Three quarter-time = credit hours, Half-time = credit hours, Less than half-time = credit hours You can receive Pell Grants for the equivalent of 12 full-time semesters. If you have received a Pell Grant for the equivalent of 12 full-time semesters, you will no longer be eligible for a Pell Grant. You may only be awarded retroactively for terms during which you met and maintained Satisfactory Academic Progress standards and met all other eligibility requirements. For continued eligibility for a Federal Pell Grant, a student must meet Satisfactory Academic Progress each semester and continue to meet all other eligibility requirements. A student must complete a new FAFSA and other application requirements each award year. Please see our Eligibility page for more information. If you are eligible, a Pell Grant will be awarded and automatically accepted in the award package. If you do not want to accept the Pell Grant, you may contact the Financial Aid and Scholarships Office to cancel the award. A full award encompasses two full-time semesters, totaling 100% for an award year. A semester disbursement cannot exceed 50%. If your Pell Grant is prorated due to less than full time enrollment, you may be able to use the difference for summer semester. Other Pell Grant Program eligibility requirements include: You must be an undergraduate student who has not previously received a bachelor's degree. You must not be currently incarcerated in a Federal or State penal institution. You may not exceed your Pell Lifetime Eligibility. The Consolidated Appropriations Act, 2012 added a time limit for students receiving Federal Pell Grants. A student may receive Pell Grants for the equivalent of 12 full-time semesters. If you have received a Pell Grant for the equivalent of 12 full-time semesters, you will no longer be eligible for a Pell Grant. Please Note: A student who completes the academic requirements for a program but has not yet accepted that degree is not eligible for further additional federal student aid funds for that program. A student who completes all the requirements for a bachelor's degree but continues taking undergraduate courses without accepting that degree is not eligible to receive further Pell Grant funds.

19 Direct Loan Awarding A loan is money you borrow and must pay back with interest. You must be enrolled in at least 6 credit hours in order to receive a loan. Loans will not be awarded and originated after the last day of the semester. There are two types of loans in the Stafford program: subsidized and unsubsidized. Subsidized loans: The federal government pays the interest on a subsidized student loan during in-school status, authorized deferment periods, and the grace period. Note: The Federal Government has placed a limit on how many years a student may receive Stafford Subsidized loans. This applies to new borrowers on or after July 1, 2013 or previous borrowers who have paid off past loans and have a zero balance and are requesting a new loan on or after July 1, Students may only receive Stafford Subsidized loans for 150% (as defined by the Department of Education) of their program. Subsidized loans are awarded based on a student s cost of attendance, EFC, and other funds students are receiving. This means you may or may not be eligible to receive a subsidized loan. Unsubsidized loans: The student is responsible for paying the interest on an unsubsidized student loan during all periods. Loan awards are based upon your academic level, status as a dependent or independent student, the length of your academic program, cost of attendance, and receipt of other aid. Loan amounts are subject to annual and aggregate loan limits. Dependent students = $31,000. Independent students = $57,500. Graduate students = $138,500. Once awarded, you must accept your loans in your UVLink account, confirming that you want the loan. You must be enrolled in at least 6 eligible credit hours if an undergraduate, 4.5 eligible credit hours if a graduate (waitlist hours are not enrollment hours), and have met all other financial aid requirements before your loan(s) can disburse. All students receiving a Stafford loan for the first time at UVU must complete entrance loan counseling at All students will receive a loan counseling requirement under their UVLink account once they are awarded a loan. Only students accepting a loan will need to complete loan counseling. If necessary, you will need to E-sign an Master Promissory Note at approximately three business days after you accept a loan(s). You must be enrolled in at least 6 credit hours (waitlist hours are not enrollment hours) and have met all other financial aid requirements for you to receive a loan. For continued eligibility for Federal Direct Loans, a student must meet Satisfactory Academic Progress each semester and continue to meet all other eligibility requirements. A student must complete a new FAFSA and other application requirements each award year. Please see our Eligibility page for more information. Direct Loan Amounts The maximum amount you can borrow is listed in the chart below. The academic year includes Fall, Spring, and Summer semesters. MAXIMUM ANNUAL (FALL, SPRING, AND SUMMER) LOAN AMOUNTS Dependent Student Independent Student Graduate Student Academic Level Credit Hours Total Aggregate Loan Limits N/A *Must be matriculated into a bachelor program SUB & UNSUB UNSUB Additional Loan Total Amount First Year Undergraduate 0-29 $ $2000 = $5500 $ $6000 = $9500 N/A + N/A = N/A Second Year undergraduate $ $2000 = $6500 $ $6000 = $10500 N/A + N/A = N/A Third Year + Undergraduate* $ $2000 = $7500 $ $7000 = $12500 N/A + N/A = N/A Graduate Student N/A N/A + N/A = N/A N/A + N/A = N/A $ $12000 = $20500 $31,000 No more than $23,000 can be subsidized SUB & UNSUB UNSUB Additional Loan Total Amount $57,500 No more than $23,000 can be subsidized UNSUB UNSUB Additional Loan Total Amount $138,500 No more than $65,500 can be subsidized

20 Direct Loan Repayments When deciding if borrowing student loans is the right choice for you, be mindful that loans are funds you have to pay back. The following chart displays figures based on the standard repayment plan with 7% interest. We recommend that you refer to for your loan balances and interest rate(s), and to for repayment information and calculators. WHAT WILL MY STUDENT LOAN PAYMENT BE? Figures are based on the standard repayment plan with 7% interest Balance Monthly Payment Interest Paid $3,500 $50 $1,012 $5,000 $58 $1,967 $10,000 $116 $3,933 $15,000 $174 $5,900 $20,000 $232 $7,866 $25,000 $290 $9,833 $30,000 $348 $11,799 $31,000 $360 $12,192 $35,000 $406 $13,766 $40,000 $464 $15,732 $45,000 $522 $17,699 $50,000 $581 $19,665 $55,000 $639 $21,632 $57,500 $668 $22,615 As of you have borrowed: $ in Stafford loans and $ in Perkins loans. $ total amount of loans borrowed. This total is based on our current information. You may have other loans of which we and/or the National Student Loan Data System (NSLDS) are not aware, so this total may not include all of your loan debt. At 7% interest your estimated loan payments will be $. 150% Subsidized Loan Limit Effective July 1, 2013, the Moving Ahead for Progress in the 21st Century Act established a new provision to Direct Loan statutory requirements that limits a first-time borrower's eligibility for Direct Subsidized Student loans to a period not to exceed 150% of the length of the borrower's education program (the 150% limit). A first-time borrower, for this provision, is a student who does not have an outstanding balance of principal or interest on a Direct or FFEL student loan as of July 1, Congress wants to encourage students to obtain undergraduate degrees within a reasonable time frame. Students who change majors multiple times or drop/retake classes excessively are most likely to be affected by Public Law The Government will no longer provide interest rate deferments for students taking an exceptional amount of time to obtain an undergraduate degree. In such cases, the interest rate expense will now be passed along to the student. Student borrowers who exceed the 150% limit will no longer be eligible for a Direct Subsidized Loan or loan interest subsidy. Once the student has exceeded the 150% of the published length of the student's current educational program, the student will only be eligible to receive Unsubsidized Student Loans. Below are examples of the 150% maximum eligibility periods for Utah Valley University degree and certificate programs: Program Length Maximum Eligibility Period 4-year bachelor degrees X Years 2-year associate degrees X years 1-year certificate programs X years In addition, a borrower who has lost eligibility for additional subsidized loans as a result of reaching the maximum (150%) eligibility period will also lose the interest subsidy on all previous subsidized loans received on or after July 1, This is because the student did not complete the program in the 150% time frame and continues enrollment in the same program or enrolls in another program of the same or shorter length. The loss of the interest subsidy would be effective on the date of the continued or new enrollment.