Financial Aid News

Financial Aid News


Register Now for Fall 2015 classes

Registration for fall 2015 semesters is ongoing. Please refer to the Records and Registration website for additional details. If you have a financial hold that prevents you from registering, please contact University Student Financial Services and Cashiers Operations (USFSCO) to get an explanation of the hold. Our office might be in a position to assist you through the financial aid process to remove that hold, so please do not hesitate to stop by our office at UHB 1015 or contact us at (217) 206-6724.


 

Fall  2015 Financial Aid Disbursements/Refunds

Financial aid for the Fall 2015 semester is scheduled to be disbursed on Saturday, August 15th, 2015. Any funds exceeding your University charges after your student account has been paid in full will be refunded to you by University Student Financial Services and Cashier Operations (USFSCO). Fall 2015 financial aid refunds will start occurring on an ongoing basis as of August 21st, 2015, if not sooner. An e-mail will be sent to your official university e-mail account once the refund has been processed.

The Fall 2015 semester starts on Monday, August  24th, 2015. Please click on the “Check Your Financial Aid Status” link to the left to review your financial aid file status, as well as your student account summary and your E-bill via the Student Self-Service. Refunds will be direct deposited to your bank account by University Student Financial Services and Cashiers Operations (USFSCO). Direct deposit is mandatory for all student account refunds. If you have not already signed up, go to the USFSCO website for information on enrolling in direct deposit.


 

Financial Aid Processing Deadlines

The deadline for processing financial aid for the Fall 2015 semester is November 15, 2015; the Spring 2016 semester is April 15, 2016; the Summer 2016 semester is June 15, 2016. Please submit all required financial aid documents to our office prior to these dates. Applications received after these dates may not be processed.


 

Apply Now for Federal, State and Institutional Financial Aid for the 2015-2016 Academic Year

The time to apply for financial aid for the 2015-2016 academic year (Fall 2015, Spring 2016 and Summer 2016) is now by completing the Free Application for Federal Student Aid (FAFSA). The Office of Financial Assistance encourages all students to apply as early as possible to avoid missing any grant opportunities. Our Federal School Code is 009333.

FAFSA Overview Video (StudentAid.gov)

How to Fill Out the FAFSA Video (StudentAid.gov)

You will need information from your (and your parent’s) 2014 federal tax return but those tax returns do not need to have been filed with the IRS for you to be able to complete and submit the FAFSA. If you filed the FAFSA last year for the 2014-2015 academic year, please just update the information and submit the FAFSA today if you have not already done so. You can also find additional information and tips on how to apply and how you can submit your FAFSA application for 2015-2016.

Applicants are encouraged to use the IRS Data Retrieval process functionality within the FAFSA application. When completing the income sections of the FAFSA, the applicant is given the option to have this data retrieved directly from the IRS. If you have already completed your Federal Tax Return for 2014, please complete the IRS Data Retrieval process to transfer your 2014 Federal Tax Return information onto the FAFSA. The benefit of utilizing the IRS Data Retrieval process is that it will minimize your chances of being selected by the federal processor for the verification process. Follow the IRS Data Retrieval process directions on the FAFSA to complete the process. This is our preferred method.


 

E-Award Letters (Electronic Award Letters)

New and returning students applying for financial assistance will receive their financial aid award letters electronically. You will be notified that your e-award is ready to be viewed via an e-mail to your official UIS e-mail address, as well as any other e-mail addresses we may have on file for you. As such, it is extremely important to verify that your email account(s) are valid. Furthermore, you should be checking your official UIS email account regularly, at least once a week, for updates on your financial aid status and other important financial aid notifications or billing information. You will then be able to access your E-Award Letter by clicking on the “Check Your Financial Aid Status” link. Students will no longer receive paper award letters.