SFAS / Office Knowledge
A parent calls SFAS asking why their student's financial aid was reduced. The student is not present and there is no authorization on file. What prevents SFAS from discussing the student's account with the parent?
FERPA
What does FAFSA stand for?
Free Application for Federal Student Aid
How many credit hours are required for an undergraduate student to receive the full Pell Grant?
12 credit hours
What are the two main types of Federal Direct Loans offered to undergraduate students?
Subsidized and Unsubsidized Loans
Where should a UIC student check for outstanding verification requirements?
my.UIC
A student's financial aid has already disbursed, but they want to know when their refund will be issued and where it was sent. Which office should handle this question?
University Bursar
What does SAI stand for?
Student Aid Index
How many credit hours are required to receive the full MAP Grant?
15 credit hours
Where should you look if a full time student comes in and says they have accepted their loans but their loans have not paid
RLADLOR
During verification, information on a student's submitted documentation conflicts with information reported on their FAFSA. What needs to happen before financial aid can be finalized?
The conflicting information must be resolved, and a FAFSA correction may be required.
Where can UIC students view their outstanding financial aid requirements?
my.UIC
They do not have to provide parental information on the FAFSA. What type of student is this?
Independent Student
How many credit hours must a student be enrolled in to qualify for the UIC Aspire Grant?
12 credit hours
A dependent undergraduate student's parent applies for a Parent PLUS Loan and is denied.What happens? what can the student do?
Additional Direct Unsubsidized Loan funds/ APPEAL
True or False: Being selected for verification automatically means the student did something wrong on their FAFSA.
False
What office should students contact regarding their academic level or enrollment reporting?
Office of the Registrar
A student's Cost of Attendance is $32,000 and their SAI is $7,500. What is their calculated financial need?
Answer: $24,500
Calculation: $32,000 − $7,500 = $24,500
A student receiving the full MAP Grant drops from 15 credit hours to 12 credit hours. Will they continue receiving the same MAP amount?
No. MAP is adjusted based on enrollment, and the full award requires 15 credit hours.
A student has reached their federal aggregate loan limit and still owes a balance. They ask SFAS to increase their Federal Direct Loan. Can additional Direct Loan funds be offered, and what other funding option might they explore?
No. They cannot receive additional Direct Loan funds beyond the applicable aggregate limit. They may need to explore options such as a private/alternative educational loan or payment options.
What is financial aid verification?
The process of confirming information reported on the FAFSA.
What is the main phone number for SFAS?
312-996-3126
Name three expenses that may be included in a student's Cost of Attendance but are not necessarily charges appearing directly on their UIC bill.
Any three: housing, food, books/supplies, transportation, or personal expenses.
A student has the UIC Aspire Grant and waives a $753 eligible mandatory charge that Aspire was previously covering. What would you expect to happen to their Aspire Grant?
Aspire would adjust downward because the eligible tuition and mandatory fees it was covering have decreased.
How much can students get each year in the HPSL Loan?
A. $20,500
B. $10,250
C. $5,500
D. Changes yearly
Answer: B. $10,250
What is the difference between V4 and V5?
If a student is selected for V4, they only need to verify Identity, but if they are selected for V5, they have to verify their tax information as well as identity