1 Summer Travel UCLA Financial Aid Office Summer 2014.

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Presentation transcript:

1 Summer Travel UCLA Financial Aid Office Summer 2014

UCLA Financial Aid Office 2 Who’s Eligible Continuing UCLA students Continuing UCLA students Graduate Students- a letter is required from department indicating program required towards degree. Graduate Students- a letter is required from department indicating program required towards degree. Financial aid is available for only one summer program per academic year. Financial aid is available for only one summer program per academic year.

UCLA Financial Aid Office FAFSA – Any applications submitted after 3/2 will not receive UNIVERSITY GRANT, or the Perkins Loan. (if eligible) FAFSA – Any applications submitted after 3/2 will not receive UNIVERSITY GRANT, or the Perkins Loan. (if eligible) Summer Travel Financial Aid Application- Summer Travel Financial Aid Application- Available March 1 - April 4th Available March 1 - April 4th *Late applicants can only apply for Private Loans. Application Deadlines

UCLA Financial Aid Office 4 Web Sites FAFSA- Free Application for Federal Student Aid FAFSA- Free Application for Federal Student Aidwww.fafsa.gov UCLA Financial Aid Office- Summer Travel Application UCLA Financial Aid Office- Summer Travel Application (avail. March 1)

5 Access to Summer Application

UCLA Financial Aid Office 6 Application Portal

UCLA Financial Aid Office 7 Summer Aid Application

UCLA Financial Aid Office 8 Summer Application

UCLA Financial Aid Office 9

Confirmation Sent UCLA Financial Aid Office 10

If you decide to cancel 11

UCLA Financial Aid Office 12 Processing of Aid If the FAO is requesting additional documentation, you will be notified via MYUCLA in/after April If the FAO is requesting additional documentation, you will be notified via MYUCLA in/after April Additional information & FAFSA corrections must be done before awarding. Additional information & FAFSA corrections must be done before awarding.

UCLA Financial Aid Office 13 Summer Aid Grants if Eligible: Pell Grant (if eligible) based on program units Pell Grant (if eligible) based on program units University Grant (if eligible) based on program units University Grant (if eligible) based on program units Loans (Loans will be awarded for academic year first) Direct Subsidized Loan (no interest while in-school) Direct Subsidized Loan (no interest while in-school) Direct Unsubsidized Loan (interest from day of disbursement) Direct Unsubsidized Loan (interest from day of disbursement) Parent PLUS Loan (your parents apply for this loan) Parent PLUS Loan (your parents apply for this loan) Private Loans (based on credit) Private Loans (based on credit)

UCLA Financial Aid Office 14 Summer Aid (example) John submitted the FAFSA (on time) and his expected family contribution (EFC) is $0. He plans on attending the History program in Spain at 8 units. John submitted the FAFSA (on time) and his expected family contribution (EFC) is $0. He plans on attending the History program in Spain at 8 units. ** Program Budget****Aid Package** ** Program Budget****Aid Package** Program fee $5800University Grant $1100 Airfare $1300Pell Grant (based on EFC) $941 Misc $1450LOANS $6509 Total est. cost $8550 *If John successfully completes 199 course, the Pell Grant will increase from ½ time to full time (12+ units) and receive an additional $941 in Pell grant & possible loan reduction.

UCLA Financial Aid Office 15 The Summer eFAN Awarding will begin mid-May, and eFAN’s will be released in June. Awarding will begin mid-May, and eFAN’s will be released in June. Please review and follow instructions on your eFAN! Please review and follow instructions on your eFAN! First time loan borrowers MUST complete a Master Promissory Note and a Loan Debt Management Session before loans are disbursed. First time loan borrowers MUST complete a Master Promissory Note and a Loan Debt Management Session before loans are disbursed. cont. cont.

16 The Summer eFAN Parent PLUS Loans: This is a loan that YOUR PARENTS must apply for, please read the eFAN for instructions!Parent PLUS Loans: This is a loan that YOUR PARENTS must apply for, please read the eFAN for instructions! *If your parents will not apply for the Parent PLUS Loan, you can apply for a Private Loan. Private Loans: This is a loan based on credit, and you may require a co-signer.Private Loans: This is a loan based on credit, and you may require a co-signer. YOU MUST ACCEPT THE LOANS BEFORE YOUR PROGRAM ENDS!! If you try to apply after you return, the loan offer is no longer valid. NO EXCEPTION!YOU MUST ACCEPT THE LOANS BEFORE YOUR PROGRAM ENDS!! If you try to apply after you return, the loan offer is no longer valid. NO EXCEPTION!

UCLA Financial Aid Office 17 Will Summer Aid effect the Academic Year? If you attend summer school, or any summer program we will award you for the academic year first. Summer GRANTS will not reduce the amount of grants for the academic year.

UCLA Financial Aid Office 18 Summer Disbursement Financial Aid should disburse 5-10 days before your program start date, however the earliest disbursement for summer is 6/13/14. Financial Aid should disburse 5-10 days before your program start date, however the earliest disbursement for summer is 6/13/14. YOU MUST sign up for Bruin Direct to receive your refund while abroad. YOU MUST sign up for Bruin Direct to receive your refund while abroad. There is NO financial aid advance for airfare, or travel expenses. There is NO financial aid advance for airfare, or travel expenses.

Bruin Bill UCLA Financial Aid Office 19 Summer Travel Summer Travel + Session C Refund Should have been $2416, Not $248  Refund for program expenses $3018.

Travel Study Web Site Scholarships UCLA Financial Aid Office 20

Scholarships UCLA Financial Aid Office 21

UCLA Financial Aid Office 22 Questions? Or Gabriela De La Cruz Make sure to include your UCLA UID#