2006-2007 Academic Year

HOW TO APPLY

To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) for the appropriate academic year. Applications are available online at http://www.fafsa.ed.gov, may be obtained from the Financial Aid Office at the University of Texas at Tyler, or you may have an application mailed to your home by calling 1-800-433-3243. Once the FAFSA is processed through the Central Processing System, a Student Aid Report (SAR) is mailed to the student. The schools listed on the FAFSA will receive the processed information electronically from the processing center. The SAR provides the student's Expected Family Contribution (EFC), which the school will use to determine the student's eligibility for the various financial aid programs in which the school participates.

HOW FINANCIAL AID ELIGIBILITY IS DETERMINED

To determine aid eligibility, the school computes the cost of attendance for the student based on average costs for tuition and fees, books and supplies, room, board, transportation, and personal expenses. The Expected Family Contribution (EFC) (produced from the Free Application for Federal Student Aid) and any other resources the student may receive (such as scholarships, agency awards, tuition exemptions, etc.) are subtracted from the cost of attendance to define the student’s financial need. The Financial Aid Office attempts to provide a “package” of gift and self-help aid to meet the student’s need with the available financial aid resources. An Award Notice is mailed to the student identifying the aid package available to the student. Non-degree seeking students are NOT eligible for financial aid.

NOTE: Students may request a re-evaluation of their financial aid award based on the following:

• Dependent childcare expenses paid by an independent student.
• Full-Time Enrollment
• Change in Housing Status

HOW & WHEN FINANCIAL AID FUNDS ARE DISBURSED

Tentative funding for grants and scholarships are made available for students to use for the payment of tuition, fees, books, and supplies. Enrollment is checked and awards are adjusted to reflect the student’s eligibility for the semester. Students must be enrolled for the appropriate number of hours at the close of business on the Award Confirmation Date (listed on the 2006-07 Financial Aid Calendar of this publication) to qualify for financial aid funding.

If the aid adjustment causes a student’s charges to become unpaid, it is the student’s responsibility to pay the unpaid charges in a timely manner. If award funds are remaining after all the student’s expenses have been paid, a check for the unused portion of the awards will be mailed to the student at the mailing address on file. Mailing dates are listed in the 2006-07 Financial Aid Calendar printed at the beginning of this publication. Direct Deposit of financial aid funds is available. See campus connect to provide your banking information. www.uttyler.edu/cc

Federal Stafford Loan funds (both subsidized and unsubsidized) are paid in two equal installments (usually half in the fall semester and half in the spring). Subsidized and Unsubsidized Stafford Loan funds are electronically transmitted to UT Tyler. UT Tyler confirms the student borrower’s continued eligibility and credits the loan disbursement to the student’s account. Student loan funds received prior to Award confirmation date will pay BEFORE grants. If loan funds are remaining after all the student’s expenses have been paid, a check for the unused portion of the loan(s) will be mailed to the student at the mailing address on file with the UT Tyler Registrar’s Office. Student Loan checks are released according to the 2006-07 Financial Aid Calendar printed at the beginning of this publication, provided the funds have been received and the student is enrolled and eligible. Borrowers have 14 days after student loan funds are received by the school to decline the loan funding. Direct Deposit of financial aid funds is available. See campus connect to provide your banking information. www.uttyler.edu/cc Parent Loan for Undergraduate Students (PLUS) funds are also received electronically and applied to the student’s account. Any remaining loan funds are then mailed to the student. Please note that some lenders will not send funds EFT. In that case, the check we received will be mailed to the parent borrower.