Important Financial Aid Info

Fall 2016 FAFSA Applications

FAFSA applications have begun to be loaded for UNT Dallas students. Ensure that you have selected our school code on the FAFSA. Our school code is 042421. Students that have been selected for verification will receive a missing information letter. Student's can view their outstanding requirements on their "TO DO LIST" on the UNT Dallas Portal  Any required forms that need to be returned to the Student Financial Aid & Scholarships office can be found on our forms page.If you have any questions please call us at 972-780-3662 or fax your completed form to 972-338-1799.

Class Attendance May Effect Your Federal Aid

Many federal aid programs, like the Pell Grant, Iraq Afghanistan Service Grant and TEACH Grant awards, require class attendance for the courses you are enrolled and receiving grant funds. If you are marked as “Not Attending” on the official class roster (e.g., 12th day of each fall and spring term), your award amounts may be reduced or cancelled based on the courses you have actually begun attending. If you fail to begin attendance in all of the courses for which you are registered, you will have failed to establish eligibility for financial aid. In this situation, you will be required to repay all of the financial aid that you have received.

Parents, Important Information Regarding Your PIN

If you receive a PIN, you agree not to share it with anyone. Your PIN serves as your electronic signature and provides access to your personal records, so you should never give your PIN to anyone. Be sure to keep your PIN in a safe place. For more information, please visit the PIN website.

Satisfactory Academic Progress Reminders

New for Fall: SAP appeals must be submitted by the midpoint of the semester in order to be reviews.

Satisfactory Academic Progress (SAP) is currently monitored at the end of each term. Detailed SAP requirements can be found here.

Important Imformation for Summer 2016

• Summer Application available: January 13, 2016
• Summer Priority Date: February 15, 2016
• Summer Application Deadline: July 14, 2016

To be considered for Summer 2016 Financial Aid, you must:

• Be accepted for admission by the university and enrolled in an eligible degree program. Visiting students are not eligible for financial aid.
• Complete the 2015-2016 Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA. The 2015-2016 FAFSA is available online at http://www.fafsa.gov through June 30, 2016; however, UNTD’s Priority Date for summer aid consideration is February 15, 2016.
• Complete the Summer Application for Financial Aid online at http://my.unt.edu. The application deadline is July 14, 2016.
• Verify and finalize any pending items by checking your “To Do List” on myUNT at http://my.unt.edu.

Enrollment Information for Summer 2016

 

Undergraduate		Graduate
Full-time	12+ undergraduate hours	Full-Time	9+ graduate hours
¾ time	9-11 undergraduate hours	¾ time	6-8 graduate hours
½ time	6-8 undergraduate hours	½ time	5 graduate hours
Less than ½ time	1-5 undergraduate hours	Less than ½ time	1-4 graduate hours

 

Disbursement of Financial Aid Funds

• For your awards to disburse, your awards must be “accepted” on myUNT at http://my.unt.edu. You can also “decline” awards you do not want to receive.
• Satisfactory Academic Progress (SAP) is being monitored at the end of each term. You must be meeting the minimum standards for SAP by the end of any given enrollment period at UNT in order to maintain financial aid eligibility.
• Disbursement of most financial aid funds to undergraduate students will occur once you establish half-time (6 undergraduate hours) attendance.
• Disbursement of most financial aid funds to graduate students will occur once you establish half-time (5 graduate hours) attendance.
• State and institutional grant funds will be disbursed in one disbursement on the 1st class day of the session in which you establish half-time attendance.
• Federal grant payments may be delayed due to required review by SFAS staff. These payments are based on your annual limit and on your summer enrollment status. Please note: some grants have additional requirements and are not guaranteed.
• Loan funds will be disbursed in one disbursement on the 1st class day of the session in which you establish half-time attendance. You must have completed Entrance Counseling requirements and have a signed Master Promissory Note (MPN) on file with your lender before funds will disburse.
• If you have been awarded your maximum Direct Stafford Loan eligibility during the Fall/Spring 2013-2014 terms, you will not be eligible for loan funds during the Summer 2014 term.

Pending Aid

• If the total amount of your Pending Aid does not cover your full tuition and fee balance, you must make arrangements for the difference by contacting Student Accounting and University Cashiering Services in order to prevent your classes from being dropped (regardless of whether your financial aid and scholarship proceeds are available by the payment deadline).
• Pending Aid is: (1) Scholarships you have been awarded, and/or (2) financial aid you have “Accepted” on myUNT.
• Pending Aid does NOT include Work Study or Parent (PLUS) Loans or Grad PLUS Loans that have been denied due to adverse credit history by the borrower’s lender.
• The Parent (PLUS) Loan and the Grad PLUS Loan will count toward Pending Aid if the Parent (PLUS) Loan borrower or Grad PLUS Loan borrower does not have an adverse credit history and Student Financial Aid and Scholarships has received a credit approval through the Federal Direct Loan Program.

Attendance and Withdrawal Information

Reminder for Summer 2014

All students who are considering dropping from one class or withdrawing from all classes during the Summer semester need to review this important information regarding changes to withdrawal processing.

• You must adhere to class attendance requirements as defined by the university if you enroll in Internet classes.
• If you register for summer classes and decide not to attend, you are REQUIRED to notify BOTH Student Financial Aid and Scholarships (SFAS) AND the Dean of Students Office immediately to begin the withdrawal process.
• Dropping courses below half-time prior to disbursement of financial aid may result in your becoming ineligible for all non-disbursed aid. Additionally, if class attendance is not established, you will become ineligible for disbursed aid and therefore owe a debt to the university.
• If you withdraw from UNTD prior to the 60% point of the summer session(s) you are scheduled to attend, you may owe a repayment of financial aid funds to the program(s) from which they were awarded (thus owing a debt to the university).
• Failure to officially withdraw may result in the receipt of failing grades and you may owe a repayment of financial aid funds to the program(s) from which they were awarded (thus owing a debt to the university) .
• Students who receive failing grades (F’s, WF’s and/or NP’s) in ALL classes while also receiving federal financial aid may owe a repayment of financial aid funds to the program(s) from which they were awarded (thus owing a debt to the university).
• Withdrawing from classes or failing to complete and pass registered hours will affect your future eligibility for financial aid. You must meet SAP requirements to maintain eligibility for financial aid as defined by SFAS.
• If you have outstanding charges from a previous award year, you must pay your balance before any current term funds will be posted to your tuition and fee account.
• For Title IV purposes, a student who has enrolled in a session(s) offered in the summer term and does not complete the session(s) in which he was enrolled is considered to have withdrawn and a Return to Title IV calculation (R2T4) will be completed.
• SFAS will not consider you to have withdrawn for the summer term if:
  • You give the institution written confirmation that you will attend a session that begins later in the summer term.
  • The written confirmation must be provided at the time that would otherwise have been a withdrawal.
  • If you do not attend the later session(s), the date of withdrawal from the previous session will be used as the official withdrawal date to determine the amount of Title IV aid to be returned to based on the R2T4 calculation.

Important Reminders

• Register early for summer classes!
• Grant funding is limited for the summer. Apply early!
• The later a student submits their FAFSA and/or Summer Application, the later their funds will be available. Students who file a late FAFSA application will be expected to pay their own expenses and wait until their funds arrive to be reimbursed.
• Check your official UNTD email regularly. Official notifications from our office will be sent via email whenever possible.

For Your Information

• Financial aid cost of attendance is based on your anticipated summer enrollment, as indicated on your summer application.
• Financial aid eligibility is based on your undergraduate or graduate career and academic program. If you graduate or are admitted to a graduate program prior to Summer 2014, your aid eligibility must be re-evaluated. It is your responsibility to notify Student Financial Aid and Scholarships at any point your academic program changes. Please refer to the Graduate Academic Program Information page to determine eligibility for graduate and post-baccalaureate academic programs.
• Scholarship checks should be submitted to Student Financial Aid and Scholarships for posting and disbursement before the payment deadline of the summer session(s) in which you enroll.
• Concurrent Enrollment Agreements are not processed during the summer term.
• Questions regarding the refund process at UNT can be addressed with Student Accounting and University Cashiering Services in the Eagle Student Services Center.

Important Loan Annoucement

As of October 1, 2013, the federal sequester increases the origination fees charged to Direct Loan borrowers beyond the July 2013 increases. However, the new loan fee percentages will apply only to loans where the first disbursement is made on or after December 1, 2013.

The new loan fees will be:

• Direct Subsidized Loans and Direct Unsubsidized Loans 1.072%
• Direct PLUS Loans (both parent and graduate student PLUS Loans) 4.288%

The loan fees on Direct Loans where the first disbursement was or will be made on or after July 1, 2013 and prior to December 1, 2013 continue to be those rates in effect since July 2013 - 1.051% for Direct Subsidized and Direct Unsubsidized Loans and 4.204% for Direct PLUS Loans, regardless of when any second or subsequent disbursements are made.

The loan fees on Direct Loans where the first disbursement was or will be made on or after July 1, 2013 and prior to December 1, 2013 continue to be those rates in effect since July 2013 - 1.051% for Direct Subsidized and Direct Unsubsidized Loans and 4.204% for Direct PLUS Loans, regardless of when any second or subsequent disbursements are made.

2013-2014 Loan Information

Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan interest rates to financial markets. Under this Act, interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate for the life of the loan.

The following table provides the interest rates for new Direct Loans disbursed on or after July 1, 2013, and before July 1, 2014. These rates will apply to all new Direct Loans disbursed during this time, even loans already disbursed before the passage of the Act.

Loan Type	Student Grade Level	2013-2014 Interest Rate
Direct Subsidized Loans	Undergraduate Students	3.86%
Direct Unsubsidized Loans	Undergraduate Students	3.86%
Direct Unsubsidized Loans	Graduate/Professional Students	5.41%
Direct PLUS Loans	Parents of Undergrad Students and Graduate/Professional Students	6.41%

Learn more about interest rates and fees at  http://studentaid.ed.gov/types/loans/interest-rates    associated with federal student loans. 

2013-2014 Federal loans will be electronically transmitted to the Department of Education beginning June 28, 2013.  Please check www.StudentLoans.gov after June 28, 2013 to complete the Master Promissory Note (MPN). 

Federal Direct Subsidized Loan Changes

As a result of legislation enacted in July 2012, eligibility for the Direct Loan interest subsidy will be limited for new borrowers on or after July 1, 2013.  The law restricts the period of time for which a borrower may receive subsidized loans, in the aggregate, to 150 percent of the published length of the student's current educational program.  Once the student reaches that limit, he or she may borrow only unsubsidized loans, and interest begins to accrue on the student's outstanding subsidized loan. Further information regarding this change can be found here.

2013-2014 FAFSA Now Available

It's time for students to file their 2013-2014 FAFSA! UNT's priority deadline is March 15, 2013. UNT has already started receiving submitted 2013-2014 FAFSAs. Student should periodically check their To Do list on myUNT for outstanding items that require their immediate attention.

Satisfactory Academic Progress Changes

Beginning Fall 2011, we will begin monitoring Satisfactory Academic Progress (SAP) at the end of each term. Detailed SAP requirements can be found here.

Loss of Interest Subsidy during the 6 Month Grace Period

Approved by Congress in December 2011, the interest subsidy during the six-month grace period is to be eliminated for new Federal Direct Subsidized Loans made on or after July 1, 2012, and before July 1, 2014. While the repayment period will still begin 6 months after the student is no longer enrolled at least half-time, the interest that accrues during those six months will now be payable by the student rather than be subsidized by the federal government.

Loss of Subsidized Loan Eligiblity for Graduate and Professional Students

The Budget Control Act of 2011 (Pub. L. 112-25) was signed into law on August 2, 2011. This Act makes two changes to the William D. Ford Direct Loan (Direct Loan) Program, including the loss of Subsidized Loan Eligibility for Graduate and Professional Students. Additional information can be found here.

Termination of Direct Loan Borrower Repayment Incentives

The Budget Control Act of 2011 (Pub. L. 112-25) was signed into law on August 2, 2011. This Act makes two changes to the William D. Ford Direct Loan (Direct Loan) Program, including termination of Direct Loan borrower repayment incentives . Additional information can be found here.

Special Direct Consolidation Loans (as announced by the Obama administration)

The Department of Education is offering a short term consolidation opportunity—Special Direct Consolidation Loans—from January - June 30, 2012. For Special Direct Consolidation Loan eligibility information, visit the Special Direct Consolidation Loans website.

Monitor Your EagleConnect Account for Important Messages

Check your EagleConnect account regularly. Official notifications from our office will begin replacing printed letters whenever possible. EagleConnect is UNT's official message delivery system.