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USFAS Summer 2014 Newsletter

Financial Aid for Summer

If you need financial aid for summer 2014 (including Summer Work Study), 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 "1314(Fall 13, Spr 14, Sumr 14)";
  3. On "Student Requirements for 1314(Fall 13, Spr 14, Sumr 14)" 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 2013-2014 Free Application for Federal Student Aid (FAFSA), you must do so by May 7th in order to be considered for a tuition deferment.

How is my summer aid eligibility determined?

The amount of aid you can receive for summer will depend on the length of the summer sessions in which you enroll.  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. For example, if you are in summer A only, your cost of attendance will reflect 6 weeks of expenses.  

You can get an idea of your summer cost of attendance 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 8th.
  2. You must be enrolled at least half-time (undergraduate - 6 undergraduate level hours, graduate - 5 graduate level hours).
  3. We will automatically award you for your maximum loan eligibility; however, you may accept less than the maximum. Only borrow what you need.
  4. 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 8th. 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"

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 "13-14 (Fa 13, Spr 14, Sumr 14)" award year
  5. In the Satisfied Requirements section look for "Summer Financial Aid Tuition Deferment- Expires July 18th – 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: 12 or more undergraduate credit hours. 
3/4 time: 9-11 undergraduate credit hours.
1/2 time:
 6-8 undergraduate credit hours

Graduate Students

Full-time: 9 or more graduate credit hours.
3/4 time: 7-8 graduate credit hours.
1/2 time:
 5-6 graduate 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 (Adobe PDF)

BAPP eligibility begins April 28th

Check the "My Requirements, Bookstore Authorizations, and Deferments" section in OASIS beginning April 28th to see if you are eligible for the Bookstore Advance Purchase Program (BAPP). If you are enrolling in summer B session classes only, check OASIS beginning June 23rd to see if you are eligible for the BAPP.

Federal Direct Loan Payment

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

  • Requires acceptance in OASIS
  • Requires you to sign a Master Promissory Note, and complete Entrance Counseling if not completed 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 17th
  • If you are enrolled in only summer session B classes, due to the holiday, your aid will be paid Tuesday, July 8th
  • 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 which reduces your enrollment below half time, you may be required to repay your financial aid.

Florida Prepaid for Summer

If you used Florida prepaid in spring 2014, the University Controllers Office will automatically credit your student account for summer.

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

Be sure to complete the 2014-2015 FAFSA for next year if you have not already done so.

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.

Report Funds From Outside Sources To Avoid Surprises

Federal regulations prohibit you from receiving more financial aid than your cost of attendance. If you have not previously reported funds from other sources, let us know immediately using the Additional Resources tab in OASIS.

  • Choose 'My Award and Loan Information';
  • Choose 'Award for Aid Year';
  • Select the appropriate aid year;
  • Click on the 'Resources/Additional Information' tab
  • Enter the award information and click submit

Additional aid sources may include scholarships, tuition waivers, fellowships, etc.

Your awards may be revised to reflect any changes.

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.


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 8th. Check the ‘My Requirements, Deferments and Bookstore Authorizations’ link in OASIS to be sure you have no outstanding requirements.


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

Sign up for eDeposit by signing into OASIS:

  • Click "Student"
  • Click "Tuition & Fees"
  • Click "Subscribe to eDeposit"

Scholarship Check(s) Mailing Address

Scholarship checks (including student's USF ID#) should be mailed to:

University of South Florida
P.O. Box 864571
Orlando, FL 32886-4571

Your scholarship award(s) may be viewed in OASIS within 5-10 working days.

Your award(s) will be scheduled to disburse to your student account after the end of drop/add each semester.

Scholarship checks should not be sent directly to the Financial Aid Office as this will delay processing.


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!


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.

EEO & Diversity

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


Take 15 credit hours to graduate on time.

smv - 4/2/14