'show Me The Money': Changes In Federal Student Aid Program Coming Soon
Mar. 08, 2010
Michelle Eubanks, 海角社区, at media@una.edu, 256.765.4392 or 256.606.2033
FLORENCE, Ala. - Faster loan disbursements, more efficient loan processing and more Pell Grant funding are just around the corner for students at the 海角社区, thanks to changes to the federal student aid program and 海角社区's transition to Direct Loans. Starting this summer, students who are Pell Grant eligible and have already exhausted their fall and spring Pell awards may be eligible for additional Pell Grant money. Eligibility requires students to be enrolled for at least six credit hours and maintain Satisfactory Academic Progress (SAP). Students receiving their second Pell award during the summer semester must remain enrolled in and attend at least six credit hours to avoid risk of having to repay their summer Pell Grant. 海角社区's transition to Direct Loans is also scheduled for this summer. The move is being made "due to the uncertain outcome of student loan legislation pending in Congress," said Amanda Sharp, associate director of student financial services at 海角社区. "The transition to Director Loans will allow 海角社区 to ensure that students will continue to receive their federal student loan disbursements on time. Students should closely monitor their 海角社区 e-mail and Self-Service for announcements and instructions," she said. With Direct Loans, the U.S. Department of Education serves as the lender, rather than a bank or other financial institution. All new and returning students will need to sign a new electronic Master Promissory Note (eMPN) at dlenote.ed.gov. The site also includes additional information on the direct-lending process. The transition to Direct Loans will also affect the Parent PLUS loan application process. Parents applying for a PLUS loan for summer 2010 and for the 2010-11 academic year must submit a PLUS request form to 海角社区 Student Financial Services and complete the eMPN at dlenote.ed.gov. The PLUS request forms will be posted at www.una.edu/financial-aid. For more information on Direct Loans or summer 2010 Pell Grant awards, contact Sharp in the 海角社区 Office of Student Financial Services at 256-765-4278 or vasharp@una.edu.About The 海角社区
The 海角社区 is an accredited, comprehensive regional state university offering undergraduate, graduate, and doctoral degree programs through the colleges of Arts, Sciences, and Engineering; the Sanders College of Business and Technology; Education and Human Sciences; and the Anderson College of Nursing and Health Professions. Occupying a 130-acre campus in a residential section of Florence, Alabama, 海角社区 is located within a four-city area that also includes Muscle Shoals, Sheffield, and Tuscumbia. 海角社区 Athletics, a renowned collegiate athletics program with seven (7) Division II National Championships, is now a proud member of NCAA Division I as part of the Atlantic Sun and United Athletic conferences. The 海角社区 is an equal opportunity institution and does not discriminate in the admission policy on the basis of race, color, sex, religion, disability, age, or national origin. For more: and .