2008-2009 Financial Aid Information on Banner Staff Training Customer Service Specialists October 17, 2008 Office of Admissions and Financial Aid.

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Presentation transcript:

Financial Aid Information on Banner Staff Training Customer Service Specialists October 17, 2008 Office of Admissions and Financial Aid

UALR Financial Aid Deadlines – Fall Semester February1 – Academic Scholarship Application Deadline March 1 – UALR Private Scholarship Deadline March 1 – Financial Aid Priority Deadline (complete FAFSA by this date for best chance of receiving SEOG and Work Study funds) July 1 – Financial Aid Preferred Deadline for the Fall (all financial aid and admission requirements must be complete by this date, or the student may not learn about aid eligibility until after October 1) November 1 - Financial Aid Final Deadline for the Fall Semester (students cannot receive financial aid for the fall term after this date).

UALR Financial Aid Deadlines – Spring Semester November 1 – Financial Aid Priority Deadline (complete FAFSA by this date for best chance of receiving SEOG and Work Study funds) December 1 – Financial Aid Preferred Deadline for the Spring term (all financial aid and admission requirements must be complete by this date, or the student may not learn about aid eligibility until after February 1) April 1 - Financial Aid Final Deadline for the Spring Semester (students cannot receive financial aid for the spring term after this date).

ROARMAN

Definition of Need Cost of Attendance -Expected Family Contribution Financial Need =Financial Need Definition of Financial Need

ROARMAN Cost of Attendance (BUDGET) EFC NEED

ROARMAN AWARDS

ROARMAN

ROASTAT

Verification Information

ROARMAN

Most recent SAP status ROASTAT

SAP Status Ineligible for financial aid ACSUSP -Academic Suspension CANCEL -Unsatisfactory Progress CANCHR – Cancel Due to Cumulative Hours CANCTM – Unsatisfactory Progress for Term (no hours completed) Eligible for financial aid REGULR – Good Standing PROBTN – Probation CONDPR – Probation with Conditions CONDAP – Appeal Approved with Conditions COMAPP – Committee Decision Eligible for Non-Federal Awards Only NONFED – Eligible for alternative loans and some scholarships

Satisfactory Academic Progress (SAP) status is determined at the end of the term and is effective beginning the next term. For example, SAP for Spring was determined on 05/15/08 and was effective beginning the Summer Term PLEASE REFER SAP QUESTIONS TO AN AID ADVISOR ROASTAT

ROARMAN

“IMMEDIATE PROCESS” SCREEN - USED TO PERFORM ON-LINE ROCEDURES ROAIMMP

ROARMAN

Based on student’s enrollment as of the financial aid “census date” – usually the last day of “schedule adjust.” This value remains constant for the term. ROAENRL Actual “registered” hours This fields will be displayed as soon as student has registered for the term, and values will change if the student adds or drops classes.

ROAENRL

ROARMAN

RBAABUD

ROARMAN

RRAAREQ

ROARMAN

Schedule Award – Maximum Eligibility Expected Disbursement – Amount Expected to Receive ROAPELL

ROARMAN

FAFSA Data RNANA09

ROARMAN

RPAARCS

ROARMAN

RPAARCS

RPAARSC “Third Party” Payments posted directly to student’s UALR account

ROARMAN

RPAAWRD OFRD – offered ACPT – accepted APRD – approved (automatic accept OR adjusted by AFA) DECL – declined by student CNCL – cancelled by AFA

RPAAWRD

QUESTIONS?

Thanks for your time!