The IRS Data Retrieval and other steps to be sure you have a completed FAFSA application

While completing the online FAFSA (www.fafsa.gov) many individuals may have used estimated information.  If you have now completed a Federal income tax return you are asked to log back into your FAFSA application and update your information using the IRS Data Retrieval Tool.  The IRS Data Retrieval Tool automatically imports official IRS tax information on your 2014-2015 FAFSA and should be available within 1-2 weeks of filing your taxes electronically or within 6-8 weeks if you filed a paper return.

Consider reviewing the following website http://louisville.edu/financialaid/how-to-apply/irs-data-retrieval.html for step by step instructions of how complete the IRS Data Retrieval.

In some cases the U.S. Department of Education requires the university to collect additional information from a student. Students may be selected for a process called “verification” or the university may need to resolve conflicting information reported on the FAFSA.  In most cases, the requested documents will be available on your ULink To Do List.   Complete and submit these requested forms as soon as possible so that the university can review your eligibility for financial aid.

 

Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013

If you are a first-time borrower on or after July 1, 2013, please familiarize yourself with the new federal regulations regarding a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans.  In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program of study.  For more information, please review the U.S. Department of Education’s Federal Student Aid announcement concerning this time limitation.


Important Dates


    Late September:  Kentucky Educational Excellence Scholarship (KEES) disbursement
    October 6th - 7th:  Mid-Term Break (Office Open)
    November 1st: Deadline to file a SAP appeal for the fall 2014 semester