A Note from OSFA...
Welcome back to Bloomington! This is the Fall 2011 edition of The Financial Aid Flyer. Please visit us at our Website. Like us on Facebook, and follow us on Twitter for updated information regarding Financial Aid.
Applying for additional loans
Need extra loans for 2011-2012? There are additional options – the Federal Parent PLUS loan, the Federal Graduate PLUS loan and a private student loan. Please be sure to indicate a loan period of August 2011-May 2012 if you need loans for the entire academic year.
- Federal Parent PLUS Loan for parents/step-parents of dependent students
- Fixed 7.9% interest rate
- Student must have a 2011-2012 FAFSA on file
- Federal loan is in the parent's name
- Requires separate paper loan application and is subject to a credit check by the Department of Education
- Visit http://www.indiana.edu/~sfa/types/loans_plus_parent.html for information
- Federal Graduate PLUS Loan for graduate and professional students
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Reminder: Check Your OneStart
Regularly visit OneStart to view your class schedule, confirm your Bursar balance, and  make sure you have no holds on your account. You can decline, or reduce your loans prior to disbursement via OneStart by following the steps below:
- Log on to OneStart at https://onestart.iu.edu
- Click Student Self-Service tab on left side of the screen
- Click Go to Student Center
- Click View Financial Aid or click Accept/Decline Awards (under the Finances section)
- Click the appropriate Aid Year
- Select the Award you wish to decline or reduce
- Click the Submit button once the correct changes have been made
Repeated Coursework restrictions for receiving Title IV Federal Aid.
Per new federal regulations, repeated coursework that falls under certain conditions cannot be included in a student's enrollment status for Title IV federal aid eligibility, including the Federal Pell Grant and Federal Stafford Loans. Please visit our webpage for more details.
http://www.indiana.edu/~sfa/receiving/title_IV
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Students must maintain Satisfactory Academic Progress (SAP)
to be eligible for future aid
Financial aid is available to students who complete a FAFSA and maintain Satisfactory Academic Progress. Students are reviewed annually at the end of the spring semester to determine if they are achieving Satisfactory Academic Progress towards completing their degrees. Below are the standards that must be maintained.
- Must achieve a Cumulative Program GPA of 2.0 or higher
- Must complete at least 75% of all attempted classes (Classes passed divided by all attempted classes including all Withdrawn, Incomplete and Failed classes)
- Bachelor's degree students must complete their degree and graduate within 180 credit hours of attempted coursework
- Master's degree students must complete their degree and graduate within 60 credit hours of attempted coursework
- Doctoral degree students must complete their degree and graduate within 125 credit hours of attempted coursework
If students fail to meet these standards, financial aid for the following academic year will be suspended. Students may submit an appeal and if approved be placed on a term by term financial aid contract. Visit http://www.indiana.edu/~sfa/receiving/sap.html to review SAP in greater detail.
Federal Work-Study
Students eligible for Federal Work-Study (FWS) should receive an email advising them on how to access their FWS Authorization Card online. Student will be able to access their authorization cards starting on August 21st. Students must secure a work-study job by September 30, 2011 to maintain FWS eligibility. Please visit the Jobs Fair on August 26, 2011 at the IMU Alumni Hall from 9am-11am to talk with FWS employers.
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Timeline for Financial Aid
- August 19, 2011: Aid will be applied to your bursar account. Review the bursar's website for questions regarding your refund, at http://bursar.indiana.edu/
- August 21, 2011: Federal Work-Study Authorization Cards available online for qualified students http://www.indiana.edu/~sfa/types/work_study.html
- August 26, 2011: Jobs Fair, IMU Alumni Hall (more information at http://www.indiana.edu/~career)
Morning Session: 9am – 11am for FWS eligible students
Afternoon Session: 1pm – 3pm open to all students
- August 29, 2011: Classes begin
Contact Us
Office Hours: 9am-4pm Monday thru Friday
Franklin Hall 208
Tel: (812) 855-0321
Fax: (812) 855-7615
Email: blfinaid@indiana.edu
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