University of North Texas Athletics
Mean Green Compliance: Financial Aid
11/3/2006 12:00:00 AM | General
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Rising costs of college education and limited athletic scholarships make it important for you to know your options for receiving aid. 90% of student-athletes need to receive addition funding for their college education beyond the athletic aid. The following information will hopefully assist you with questions you may have about financial aid.
Types of Financial Aid
The United States Department of Education has several major student financial assistance programs. They can be categorized in three different ways:
1. Grants: financial aid you do not have to pay back.
2. Work Study: allows you to work and earn money to help pay for school.
3. Loans: money borrowed that must be repaid with interest.
To receive financial aid from the federal programs, you must:
1. Have a financial need
2. Have a high school diploma or a GED certificate.
3. Be enrolled or accepted for enrollment as a regular student working toward a degree or certificate.
4. Be a
5. Have a valid Social Security Number.
6. Make satisfactory progress toward a degree.
7. Register with the Selective Service, if required.
Financial aid from the federal government in most cases is awarded based on financial need. When you apply for federal student aid, the information you report is used in a formula established by the United States Congress. The formula determines your expected family contribution; an amount and your family are expected to contribute toward your education. If your expectant family contribution is below a certain amount, you may be eligible for a Federal Pell Grant, assuming you meet all other eligibility requirements.
Dependency Status
When you apply for federal student aid, your answers to certain questions will determine whether you are considered dependent on your parents or as an independent person. If you are considered dependent, you must report their income and assets as well as your own. If you are independent, you must report only your income and assets (and those of your spouse, if married). You are an independent student if at least one of the following applies:
You were born before January 1, 1977.
You are married
You are enrolled in a graduate or professional education program.
You have legal dependents other than a spouse.
You are an orphan or a ward of the state.
You are a veteran of the United States Armed Forces.
Application Process
Remember that college financial aid funding is always awarded on a first come, first served basis. Meeting deadlines, completing your application in a timely manner and tracking their progress are all vital steps in the college financial aid process.
In order to apply for federal financial, you must complete the free application for Federal Financial Aid (FAFSA). You may submit a FAFSA:
Through the internet by using FAFSA web site at www.Fafsa.ed.gov
By using FAFSA express software.
By mailing the application to FAFSA.
When to Apply
Apply as soon as possible after January 1, of the current year.
The results will be sent to you and the
Athletic Related Aid/Scholarships
If you are awarded an athletic scholarship at the
Athletic scholarships have a dollar value as well as an equivalency value. Equivalency limits set by the NCAA determine how many scholarships can be awarded per sport. Other forms of aid you may receive can affect your equivalency value and must be reported to the Financial Aid Office. Failure to report aid received can result in a degradation of your athletic aid.
Athletic related aid covers the following:
Tuition.
Fees.
Books.
Room.
Board.
Athletic related aid does not cover the following:
$40 Admission Application Fee
$75 Housing Deposit. This is refundable on request when you move out of the dorms.
$10 Property Deposit.
$325 Pre-Payment for housing if you are not on a full scholarship.
Parking Permit, if you bring a vehicle to campus.
UNT Yearbook.
If you are a prospective student-athlete and which to obtain information concerning athletic scholarships, please contact Daryl Simpson, Assistant Athletic Director of Compliance.
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