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USFAS Summer 2013 Newsletter

Financial Aid for Summer

If you need financial aid for summer 2013 and have not previously been offered aid, you need to login to OASIS to complete a Summer Aid Request Form:

  1. Choose "Financial Aid";
  2. Choose "My Requirements, Deferments and Bookstore Authorizations";
    "Select Aid Year", then "1213(Fall 12, Spr 13, Sumr 13)";
  3. On "Student Requirements for 1213(Fall 12, Spr 13, Sumr 13)" look under "Unsatisfied Requirements"; and
  4. Click on "Summer Aid Request", then complete and submit the form online.

In addition, if you haven't already filed the 2012-2013 Free Application for Federal Student Aid (FAFSA), you must do so by April 20th to ensure your funds are ready when classes begin.

What is the maximum aid I can receive over the summer?

The amount of aid you can receive for summer will depend on the length of the sessions in which you enroll.  For example, if you are in summer A only, your cost of attendance will reflect 6 weeks of expenses.   Your aid will be initially based on enrollment in summer C session (10 weeks), but your aid amount may be reduced if you end up enrolling in summer A only or summer B only.

You can get an idea of your summer cost of attendance (maximum aid you can receive) by using our Summer Cost of Attendance Wizard.

Things To Remember...

  1. If your satisfactory progress status is warning, probation, or if you are close to your maximum time required, your summer aid application will not be processed until after the spring satisfactory academic progress calculation on May 9th.
  2. You must be enrolled at least half-time (undergraduate - 6 undergraduate level hours, graduate - 5 graduate level hours).
  3. If your final enrollment is summer A only or summer B only, your offer may be reduced due to the lower cost of attendance for a six week enrollment period.
  4. We will automatically award you for your maximum loan eligibility; however, you may accept less than the maximum. Only borrow what you need.
  5. You will automatically be awarded any remaining Pell Grant eligibility.

Tuition Deferments Require Eligible Satisfactory Academic Progress (SAP) Status

Check OASIS to see your current SAP status. If your SAP status is ineligible, you must pay your tuition by the end of drop/add or your classes will be cancelled.

If your current status is final warning or probation, you will not be considered for a tuition deferment until after the next SAP calculation on May 9. This calculation includes spring grades and occurs just before the start of summer A and C sessions.

To check your Satisfactory Academic Progress in OASIS:

  1. Login to OASIS
  2. Choose "Financial Aid"
  3. Choose " My Award and Loan Information"
  4. Choose "Check My Financial Aid Satisfactory Progress"

To check your Financial Aid Tuition Deferment in OASIS:

  1. Login to OASIS
  2. Choose "Financial Aid"
  3. Choose " My Requirements, Deferments and Bookstore Authorizations"
  4. Choose the "12-13 (Fa 12, Spr 13, Sumr 13)" award year
  5. In the Satisfied Requirements section look for "Summer Financial Aid Tuition Deferment- Expires July 19th – Approved"

Same Enrollment Requirements for Summer Term

All financial aid, including student loans, require that you be enrolled as a degree seeking student.

Enrollment requirements for financial aid are the same for all semesters:

Undergraduate Students

Full-time status is a minimum of 12 undergraduate USF credit hours.
Half-time status is a minimum of 6 undergraduate USF credit hours.

Graduate Students

Full-time status is a minimum of 9 graduate USF credit hours.
Half-time status is a minimum of 5 graduate USF credit hours.

Federal regulations permit you to repeat a course you've passed ONE TIME and have it count in your hours enrolled for financial aid purposes. If you repeat a course you've passed more than one time, the hours will not be considered in your enrollment and could affect your eligibility for federal student aid (including loans) and USF grants. Keep in mind, however, that USF's academic policy counts repeated courses differently. Please review the section Repeat Course Work at http://www.ugs.usf.edu/pdf/cat1112/08acapol.pdf (Adobe PDF)

Federal Direct Loan Payment

In addition to the requirements above, federal direct loan disbursement:

  • Requires acceptance in OASIS
  • Requires you to sign a Master Promissory Note, and complete an Entrance Interview if not done previously

Click here to view the Federal Direct Loans page

Summer Aid Payment

The summer term has three sessions (A, B & C). If you attend session A or C, or a combination of A and B, you must enroll for the total required minimum hours before your funds will be released. NOTE: Federal Pell Grant funds and USF Grant funds require first day class attendance. You may not be paid in full until all of your courses actually begin.

  • If you are enrolled in summer session A and/or C classes your aid will be paid on May 18th
  • If you are enrolled in only summer session B classes, due to the holiday, your aid will be paid Tuesday, July 9th
  • If funds were paid to you based on enrollment in session B and you drop courses prior to the end of drop/add for session B, you may be required to repay funds if you drop below half time enrollment.

Florida Prepaid for Summer

If you used Florida prepaid in spring 2013, the University Controllers Office will automatically credit your student account for summer.

Speed up your financial aid process - Use the IRS Data Retrieval Tool

If you already completed your FAFSA and are selected for verification, you can avoid providing us with tax transcripts by going back to your FAFSA and using the data retrieval process.

The IRS Data Retrieval Tool allows you to pull tax return data directly from the Internal Revenue Service (IRS) onto your Free Application for Federal Student Aid (FAFSA). By doing this you speed up the financial aid process. If you filed your taxes online, you can use the IRS data retrieval process approximately two weeks after filing. If you filed a paper return, you can do so 6-8 weeks after filling.


Please note: If you use the IRS Data Retrieval process, do not make any changes to the answers that were transferred from the IRS or you will have to provide copies of tax transcripts.


Click here to view a tutorial video on how to use the IRS Data Retrieval Process.

Pell Grants - Maximum Semesters of Eligibility

Effective with the 2012-2013 aid year, your eligibility is limited to the equivalent of 12 full-time paid semesters while seeking a first bachelor's degree. Once you reach the 12 semester limit you will no longer be eligible to receive Pell grant funds.

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Fall Awarding For Continuing Students

Fall awarding for continuing students will begin in mid-June. Check your Satisfactory Academic Progress (SAP) status in OASIS after May 9th. Check the ‘My Requirements, Deferments and Bookstore Authorizations’ link in OASIS to be sure you have no outstanding requirements.

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Subscribe to E-Deposit in OASIS

eDeposit allows USF to electronically deposit funds directly to your personal bank account.

Paper checks are bad because they may be at risk of being:

  1. stolen - you are responsible for the funds.
  2. returned to the government - checks may not be reissued.
  3. delivered to a wrong address or lost - it takes 15 working days to reissue a lost check.


Sign up for eDeposit by signing into OASIS:

  • Click "Student"
  • Click "Tuition & Fees"
  • Click "Subscribe to eDeposit"
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Need Help With OASIS?

Check out financial aid "How To's" that demonstrate how you navigate OASIS, how you can sign your promissory note electronically and more!

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Check OASIS Regularly...

Check OASIS now for unsatisfied requirements, revisions to your award offer, and deferments.Check OASIS again just before classes start.

Your award may be revised:

  • If you receive funds such as scholarships, tuition waivers, etc., or
  • If there are changes to your FAFSA, budget (residency changes, living arrangements, etc.), and/or enrollment status.
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EEO & Diversity

USF is an Equal Opportunity/Equal Access/Affirmative Action Institution.

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Take 15 credit hours to graduate on time.

smv - 4/19/13