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Verification Update

Due to a recent announcement from the Department of Education, students selected for verification for the 2017/18 Academic year can submit a 2015 signed Federal Tax Return (1040, 1040A or 1040EZ) for verification purposes.  You will not be required to submit an IRS Tax Return Transcript for the 2017/18 Academic year.  Additionally, students who were required to submit the IRS Verification of Non-filing letter will no longer be required to submit that document for verification purposes.  This requirement will be waived in the Student Administration system.

Last Day to Process 2016-17 Federal Student Loans

The last day to process Federal Direct Stafford Loans for the 2016-17 aid year is Wednesday, May 3 2017.

Federal Direct Subsidized/Unsubsidized Loans: You must accept the loan via the Student Administration system by May 3, 2017.  Loans accepted after that date cannot be processed.

Federal Direct PLUS Loans: The parent or graduate student borrower must be approved for the loan via http://studentloans.gov by May 3, 2017 to ensure processing by the deadline.

Information Regarding Financial Aid Packages

Students in the following categories should expect their financial aid award packages to be available via the Student Administration System on the dates provided:

2017-2018 Financial Aid Packages

  • Incoming Undergraduate students: The financial aid awarding process began on March 13, 2017.  A notification has been sent to the student’s personal email address, as well as to their campus email address if available, to view their financial aid award package.
  • Continuing Undergraduate and Graduate students:  The financial aid awarding process began on April 3, 2017.  A notification has been sent to the student’s university email address.
  • New Graduate students:  The financial aid awarding process began on April 3, 2017.  A notification has been sent to the student’s personal email address.

 

Summer 2017 Financial Aid Packages

FAFSA Reminder for the 2017/2018 Academic Year

The 2017-2018 FAFSA has been available since October 1, 2016.  Utilize the IRS Data Retrieval Tool to import 2015 tax figures directly from the IRS for maximum accuracy and for faster processing.  Award notifications will be sent via email beginning late April 2017.

UConn’s On Time Deadline dates are as follows:

  • March 1, 2017 for:
    • Continuing Undergraduate and Graduate Students
    • New Freshman
    • New Transfer Students
    • New School of Social Work Students
  • May 1, 2017 for:
    • New Graduate Students (not attending School of Social Work)

When should I complete and submit the FAFSA on the web?

  • You should complete the FAFSA by the deadlines listed above. Failure to complete the FAFSA by these deadlines will result in a loss and/or reduction of financial aid.
  • Financial aid is awarded annually, and you must reapply each year. The amount you receive each year can vary according to your financial need and availability of funds.

What can I do if I missed the On Time FAFSA deadline?

Students who have not met UConn’s FAFSA deadline may petition the university for reconsideration of their eligibility for most forms of financial aid by submitting the On-Time FAFSA Deadline Appeal Form.  Please visit the Appeals Page / On Time Status section for detailed information.

2016-2017 Federal Direct Loan Programs Origination Fee Increase

Effective October 1, 2016, the U.S. Department of Education will increase the origination fees on Federal Direct Loan Programs. Federal Direct Stafford Loans (Subsidized/Unsubsidized) will be assessed a 1.069% origination fee while Federal Direct PLUS Loans will be assessed a 4.276% origination fee. Loan applications not yet finalized (e.g. funds wired to the University) will be subject to the slightly higher origination fees as of October 1, 2016.