News You Can Use
2012-2013 FAFSA RENEWAL INFORMATION
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 2012-2013 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.
Copy of your Federal Tax return is no longer considered an acceptable documentation to verify your income. You need to 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.
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.
2011-2012 FINANCIAL AID UPDATE
Thank you for your patience as the Financial Aid office continues to process more applications than it has in previous years.
Our staff are moving as quickly as possible to complete financial aid files for students who are
currently registered in Spring 2012 classes. You can help speed the process along if you continue checking your status on WebAdvisor for the latest information. The WebAdvisor is there to eliminate the need for students to come into the office just to check their status which takes valuable time away from staff who could be processing more pending financial aid. Please remember that if you do need to speak to our staff about your financial aid, full counter service is available Monday - Wednesday only.
When your Financial Aid is processed you will see an updated award letter on WebAdvisor. You will then receive your final award letter in the mail along with a disbursement schedule that details when you can expect to receive your financial aid check. Financial aid disbursements are scheduled weekly from January 13 – January 27, 2012 but may be subject to change and will continue every two weeks for the remainder of the semester.
Board of Governors (BOG) Fee Waiver & Spring 2012 Registration Announcement!
Registration dates for the Spring 2012 semester have been announced. If you have already been awarded a BOG for Fall 2011, then you do not need to re-apply for Spring 2012. If you are a new student and need a BOG Fee Waiver, you can apply by completing your 2011-2012 FAFSA application online using school code #001272. If you did not complete the FAFSA in time and need to register immediately for Spring 2012 classes, you can print a paper BOG application online and submit it in the financial aid office drop box. Processing of BOG waivers takes 24 hours and you can check the status of your pending waiver by using WebAdvisor.