Student Financial Aid Newsletter Volume 1, Issue 7 “BREAKING NEWS” April 1, 2013 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 2012-2013, as well as future years. We will continue to send newsletters as important information becomes available. NOTICE TO PELL GRANT RECIPIENTS DURATION OF ELIGIBILITY: Once you have received a Pell Grant for 12 semesters or the equivalent, you will no longer be eligible for additional Pell Grants. IT’S THAT TIME! SUMMER SCHOOL APPLICATIONS WILL BE AVAILABLE ONLINE BEGINNING APRIL 15, 2013. COMPLETED APPLICATIONS MUST BE SUBMITTED BY THE PRIORITY DEADLINE DATE MAY 1, 2013. If you are Pell eligible, you are eligible to receive a Pell Grant for up to 12 semesters or the equivalent. If you have exceeded the 12-semester maximum, you will lose eligiblity for additional Pell Grants being in the 2013-2014 school year. Equivalency is calculated by adding together the percentage of your Pell eligibility that you received each year, to determine if the total exceeds 600%. The Department of Education sent e-mails to all Pell eligible applicants who have a Pell Lifetime Eligibility Used (LEU) that is-- Greater than 500 percent but less than 600 percent These students will be notified that, due to the change in the law, the applicant may be eligible for less Pell Grant than originally communicated on his/her Student Aid Report (SAR). Greater than or equal to 600 percent. These students will be notified that because of the change in the law, the applicant is no longer eligible for Pell Grant funds. The 2013-2014 Financial Aid process has begun. If you have filed your 2013-2014 FAFSA application, and have been selected for verification, please check your xula email account for important information regarding your eligibility for financial aid. In addition to the notifications from the Department of Education, the Financial Aid Office has notified students who fall into one of the above mentioned categories via their XULA e-mail account. NOTICE TO FEDERAL LOAN RECIPIENTS Effective March 1, there will be a 0.05 percent increase in the origination fee for Federal Direct Stafford loans (an additional $2.80 on a $5,500 loan), and increase PLUS origination fees from 0.2 percent to 0.204(an additional $20.40 on a $10,000 loan) Newsletter 5 NEW FERPA RELEASE FORM For Financial Aid & Scholarships (Family Educational Right and Privacy Act) Any student that would like to share their information with another individual must complete the FERPA form as soon as possible. The form enables the financial aid office to release or discuss your student financial aid and scholarship information only to individuals you request. The form is available on the financial aid web site. ATTENTION PERSPECTIVE GRADUATES 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/financial-aid/documents/1314/ScholarshipTermsConditions.pdf. This is required in order for your scholarship to credit to your account. If you have any questions regarding your financial aid eligibility, please contact your Financial Aid Counselor. Alphabet Break-Down (by last name) One of the final steps towards receiving your degreee is the completion of the federally and institutionally required financial aid exit counseling. If you received a federal loan, you must complete an on line loan exit counseling at www.studentloans.gov . The website has information on your total indebtedness, deferments, forbearances and your specific lender. This information is vital to your successfully completing your federal loan repayment. If you have any questions regarding this exit procedure, I can be contacted by email @grachal@xula.edu or by phone on 504-520-5213. If this exit counseling is not completed, you may not receive your diploma at graduation. Last Name FA Counselor Contact # E-mail Account A, E-I Kecia Poplus (504) 520-5168 kpoplus@xula.edu C,J-M Selena Vance (504) 520-5206 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 slivings@xula.edu Ms. Emily London - Jones , Director (504) 520-7835 Office Hours …..8:30am - 4:30pm Counseling Hours 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) Xavier South 909 South Jeff Davis Parkway Suite 360 New Orleans, LA 70125 T.E.A.M. … Together Each Achieves More