News You Can Use
Financial Aid Office Update - February 27, 2015
Don't forget to submit your FAFSA/Dream Act Applications by March 2nd! Remember, BOG eligibility is determined once your application results are received at the college. NO PAPER BOG APPLICATION NEEDS TO BE SUBMITTED!
The Financial Aid Office will start processing 2015-2016 FAFSA/Dream Act Applications as early as May 1st for the Fall 2015 semester. Students can expect to see updates on WebAdvisor for the 2015-2016 award year as early as May 1st.
Financial Aid Office Update - January 5, 2015
The Financial Aid Office is pleased to announce, for those student who qualify, the first disbursements for the Spring 2015 semester is scheduled to be disbursed by January 16th.
The Financial Aid Office will continue processing disbursements on Friday's for the remainder of the semester for those students whose files are still being processed.
Financial Aid Office Closure - Tuesday, December 9th, 2014 through Friday, January 2nd, 2015
Beginning December 8th, 2014 through January 2nd, 2015 the Financial Aid Office will have alternative office hours. The Financial Aid Office will be closed Tuesday through Friday during this time frame to focus on processing student files. Please note that staff will be available in the Financial Aid Computer Lab for students who have questions. In addition, the Financial Aid Office will be open on the following Mondays:
- December 8, 2014 from 9am – 4pm
- December 15, 2014 from 9am – 4pm
The Financial Aid Office will return to regular operating hours effective Monday, January 5th, 2015.
Financial Aid Office Update - September 5, 2014
The Financial Aid Office is cognizant of the need and importance for students to receive their awards. The office staff is working expeditiously in processing files to streamline notifications and to ensure students receive their fund in the timeliest manner possible.
The Financial Aid Office has made every attempt to address concerns of students on Facebook while remaining in compliance with Privacy Laws. The Financial Aid Office will continue to make every effort to keep students updated and informed on a regular basis on both social media sites as well as the Financial Aid Website.
Additionally, the Financial Aid Office is going paperless. Students will now be notified via their SBVC student email account regarding required documentation that needs to be submitted as well as notification of available awards. We encourage all students to get out of line and online. All students are strongly encouraged to visit WebAdvisor and view “My FA Documents” to review if any pending documentation needs to be submitted, review updated comments, as well as confirm all documentation has been received by the office.
The Financial Aid Office is also in the process of updating their existing system software to ensure files are processed more readily. The office did experience some technical difficulties however, we are working through them and making every effort to get award letter notifications to students. SBVC Financial Aid Office appreciates student’s cooperation and patience during our peak processing time.
2014-2015 FAFSA RENEWAL INFORMATION
Board of Governors (BOG) Fee Waiver Special Announcement!
If you have not yet completed your 2014 - 2015 FAFSA Application online you need to do it right away to make sure your BOG Waiver is in place for the next semester.
- Submit your 2014- 2015 FAFSA application online at www.fafsa.gov and the results of your BOG Waiver eligibility will be displayed on WebAdvisor to cover your enrollment fees if you complete the FAFSA before you register.
- For students who cannot complete the FAFSA, a separate BOG application is available on the Online Forms page which may take up to 2 days to process.
- AB540 students can complete the online Dream Act application at www.DreamAct.org or they may complete a separate AB540 BOG application which is also found on the Online Forms page.
DO NOT delay, complete your 2014-2015 FAFSA today!
Although the priority deadline was March 2, 2014, it is not too late to apply. After applying you will receive notification from the Financial Aid Office by mail or you can use WebAdvisor to stay informed about the next steps required to process your financial aid. Completing your FAFSA can result in “free money” for you to go to college. Do not wait until the last minute, apply early and enjoy your summer knowing your Fall registration process will be easier to complete.
Apply online at www.fafsa.gov.
SBVC School Code is 001272
Read the NEW 5 Simple Steps to Financial Aid
to learn about new regulations and changes that could IMPACT your financial aid application.
New Financial Aid Regulations for 2014-2015 award year
All first-time SBVC students without a high school diploma or a GED enrolling in classes on or after July 1, 2012, will not be eligible for federal financial aid as a result of the Consolidated Appropriations Act of 2012 passed by Congress. This law applies to all colleges and universities. Students without a high school diploma or GED can still apply for scholarships and the Board of Governors (BOG) Waiver if they meet income and residency qualifications.
A copy of your Federal Tax return is NO LONGER
considered acceptable documentation to verify your income. You MUST
request an IRS Tax Transcript through the IRS office for the income verification process. To obtain an IRS Tax Transcript go to www.irs.gov or call 1-800-909-9946. You can also visit the local IRS office at 290 N. D. Street, San Bernardino, CA 92401. They are open Monday - Friday from 8:30 am - 4:30 pm, hours subject to change. For more information call 909-388-8108.
Students are encouraged to use the IRS Data Retrieval when completing the FAFSA. The IRS Data Retrieval Process is a way to get your tax information directly from the IRS without having to have a copy of your taxes with you when completing the FAFSA. If you have filed a Federal tax return, you will be asked if you want to retrieve your information directly from the IRS. If you select this option, you will be guided through the process. Once your information is transferred from the IRS to your FAFSA, it will be marked that it has been transferred from the IRS. This verifies that the information on the FAFSA has been matched and verified with the IRS.
Life time limit for the Pell Grant has been changed from 18 full time semesters to 12 full time semesters. The Life time Pell Grant limit is applicable to all continuing and new students.