Student Financial Aid Newsletter Volume 1, Issue 8 “BREAKING NEWS” 2013-2014 Dear Student, In an effort to keep you informed regarding updates and changes in Student Financial Aid, we will periodically send a financial aid newsletter to all students. Please take the time to read the information below, as it includes several very significant changes to your student financial aid for the upcoming academic year 2013-2014, as well as future years. We will continue to send newsletters as important information becomes available. Verification Process Deadlines The priority deadline date to submit ALL verification documents is Wednesday, August 1, 2013. After August 1, 2013, in order to assist you, hand delivered documents will only be accepted at registration beginning August 23, 2013. Scholarship terms and conditions Students who have accepted any academic scholarship for the first time are required to sign and return a Scholarship Terms & Conditions Form. The form will be emailed (your XULA) to each recipient once the scholarship is accepted in BANNER Web. The form can also be found on our website at http://www.xula.edu/financialaid/documents/13-14/ScholarshipTermsConditions.pdf. This is required in order for your scholarship to credit to your account. If you have received an award offer for the 2013-2014 year you must go to Banner web and accept or decline your award. Note: In order for your aid to appear on your assessment sheet you must click the submit button. Federal Direct Loan Program Deadline Date to participate in the Early Registration Assessment is August 9, 2013. NOTICE TO THE FEDERAL DIRECT LOAN RECIPIENTS Effective July 1, there will be a 0.051 percent increase in the origination fee for Federal Direct Stafford Loans and a 0.204 increase in PLUS origination fees. Notice regarding changes to the Federal Direct Loan Program. Remember to check and use your XULA email account for important correspondence from Financial Aid, Fiscal, Registrar, Housing and Admission Offices. FERPA – Any student that would like to give permission to the university to disclose information to another individual must complete the FERPA Form. Check your XULA email account for future updates. This change affects only first-time loan borrows as of July 1, 2013. First time borrowers will no longer be eligible for the Direct Subsidized loan once the borrowers have received the direct subsidized loan for a period that is 150% of the published length of the borrower’s current education program. Program Length Maximum Eligibility Period 5 Years Bachelor’s Degree x 1.5 7.50 years 4 Years Bachelor’s Degree x 1.5 6.00 Years Newsletter 8 If you have any questions regarding your financial aid eligibility, please contact your: Do you love working with children? Do you want to help educate our future? We are accepting application for Community Service Work Study for the Fall 2013 and Spring 2014. The following requirements must be met: You must have a valid 2013-2014 award on file. You must have unmet need (determined by the financial aid office). You must have at least a 2.0 grade point average. You must consent to a background check and drug test. You must have your own transportation. Alphabet Break-Down (by last name) Last Name FA Counselor Contact # A, E-I Kecia Poplus (504) 520-5168 kpoplus@xula.edu C, J-M Selena Vance (504) 520-520 svance@xula.edu D, N-R Edith Cox (504) 520-5209 ecox@xula.edu B, S-Z Cathy Brimmer (504) 520-5215 cbrimmer@xula.edu P1-P4 Sandy Livings –Veals (504) 520-5211 E-mail Account slivings@xula.edu Salary ranges from $10.00 - $15.00 per hour The request can be located at: http://www.xula.edu/financial-aid/index/php Ms. Emily London - Jones, Director Office Hours …..8:30am - 4:30pm Q: How long does the verification process take? The verification process is based on the time frame in which a student submits his or her requested documents. However, during the peak of processing, (June, July and August) the verification process may take from 1 to 2 weeks to verify a student documents. Monday & Wednesday …...8:30am - 12:15pm Tuesday & Thursday ….…12:30pm - 4:00pm *Late Day Tuesdays 12:30pm - 6:00pm (First three months of each semester) (504) 520-7835 Xavier South 909 South Jeff Davis Parkway Suite 360 New Orleans, LA 70125 Q: When will financial aid fund post to my account? Your financial aid will post to your account once the following steps have been completed: Accepted and submitted your award letter. (Banner Wed) Completed Entrance Counseling (if you have accepted a loan) (studentloans.gov). Completed a Master Promissory Note (if you have accepted a loan)/(studentloans.gov) Swipe your ID in all classes you attend. Note: The initial scheduled disbursement date for the fall 2013 semester is September 6, 2013. T.E.A.M. … Together Each Achieves More