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The Office of Financial Aid

 

IRS Data Retrieval Tool Video Instructions

UAlbany would like to thank the University of California, Santa Barbara for their permission to use and share the IRS Data Retrieval Tool video.


FAFSA Filers: Use the IRS Data Retrieval Tool

Students and parents who have filed their 2013 federal tax returns will be able to select the IRS Data Retrieval option on the FAFSA to transfer their tax information directly from their federal tax return to their FAFSA application. Federal Tax Returns must be electronically filed at least two weeks (or 6-8 weeks if filing paper returns) before using the IRS Data Retrieval process.

We strongly encourage you and your parents to use the IRS Data Retrieval Tool which is the fastest and easiest way to provide accurate tax information. The IRS tax information can be reviewed first before being transferred directly into your FAFSA.


2014-2015 Direct Loan Interest Rates

For Direct Loans first disbursed on or after July 01, 2014 and through June 30, 2015, the interest rates are scheduled to be the following:

  • Direct Subsidized (Undergraduates) - 4.66%
  • Direct Unsubsidized (Undergraduates) - 4.66%
  • Direct Unsubsidized (Graduates) - 6.21%
  • Direct PLUS (Parents/Graduates) - 7.21%

Please note, these fixed interest rates apply to the period of July 01, 2014 to June 30, 2015. Fixed interest rates on subsequent loans for 2015 - 2016 and thereafter are subject to change.


SUNY Smart Track Financial Literacy Tool

University at Albany is pleased to announce a SUNY wide interactive financial literacy tool to help students get on the Smart Track for every financial decision from paying your tuition, to purchasing a home. Click the button below to begin your Smart Track experience!

Attention Smart Track Users

We have been made aware there is an incompatibility issue with Internet Explorer 11 (IE 11) and Flash. Until Microsoft resolves the issue, we recommend using a different browser such as Firefox or Chrome, or a lower version of Internet Explorer.


2014-2015 FAFSA Now Available

Available every year after January 1st, the FAFSA should be completed and submitted on-line through www.fafsa.ed.gov.

Prospective students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by March 15th.

Continuing students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by April 15th.


FAFSA Filers: Use the IRS Data Retrieval Tool

Students and parents who have filed their 2013 federal tax returns will be able to select the IRS Data Retrieval option on the FAFSA to transfer their tax information directly from their federal tax return to their FAFSA application. Federal Tax Returns must be electronically filed at least two weeks (or 6-8 weeks if filing paper returns) before using the IRS Data Retrieval process.

We strongly encourage you and your parents to use the IRS Data Retrieval Tool which is the fastest and easiest way to provide accurate tax information. The IRS tax information can be reviewed first before being transferred directly into your FAFSA.


Helpful FAFSA Filing Resources

Department of Education FAFSA Telephone Support

The Department of Education provides telephone support to FAFSA applicants who have questions about how to complete or make corrections to the FAFSA.  Contact the Department of Education support line at (800) 433-3243.


Campus Gold Now Available

Campus Gold, formerly Podium Advance, can be used to buy books at the campus Barnes & Noble bookstore. In addition, Campus Gold can be used to make purchases at vending machines and food services located on the UAlbany campus.

Students will be able to request, via MyUAlbany, up to $650 in Campus Gold funds starting on December 30, 2013. The last day to request Campus Gold is February 4, 2014.


New Borrower Alert

Have you completed your Direct Stafford Entrance Counseling?

Direct Stafford Loan Entrance Counseling is mandatory for all first time borrowers attending UAlbany. Please be aware Entrance Counseling is different than the Financial Awareness Counseling Tool (FACT). Completion of FACT does not satisfy Entrance Counseling requirements. You must complete Entrance Counseling at www.studentloans.gov. Refer to your "to-do" items to determine if Entrance Counseling needs completion.

Have you completed your Direct Stafford Loan Master Promissory Note (MPN)?

The Direct Stafford Loan MPN is mandatory for all first time Direct Loan borrowers attending UAlbany. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees. The MPN explains the terms and conditions of your loan(s). Your MPN is valid for 10 years, so you will most likely need to complete this only once while attending UAlbany. The MPN must be completed at www.studentloans.gov. Refer to your "to-do" items to determine if the MPN needs completion.


Direct Loan Fee Increase

Due to Federal Sequestration, all Direct Loans first disbursed on or after December 01, 2013 are subject to a loan fee increase.

  • For a Direct Subsidized or Direct Unsubsidized Loan, the loan fee will increase from 1.051% of the principal amount of the loan to 1.072%.
  • For Direct PLUS for both parent and graduate student borrowers, the loan fee will increase from 4.204% to 4.288%.

Please be aware a new PLUS application may be needed if the original application was completed prior to the loan fee increase effective on December 01, 2013. You can monitor your award status at MyUAlbany and contact the Student Financial Center with any questions.

 

FAFSA Filing Dates

Available every year after January 1st, the FAFSA should be completed and submitted on-line through www.fafsa.ed.gov.

Prospective students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by March 15th.

Continuing students wishing to receive priority consideration for aid administered by the Office of Financial Aid must have completed the FAFSA and received an official expected family contribution from the Department of Education by April 15th.



Use the IRS Data Retrieval Tool

Starting in February, students and parents who have filed their 2013 federal tax returns will be able to select the IRS Data Retrieval option on the FAFSA to transfer tax information to the FAFSA. Federal Tax Returns must be electronically filed at least two weeks (or 6-8 weeks if filing paper returns) before using the IRS Data Retrieval process.

We strongly encourage you and your parents to use the IRS Data Retrieval Tool which is the fastest and easiest way to provide accurate tax information. The IRS tax information can be reviewed first before being transferred directly into your FAFSA.



Helpful FAFSA Filing Resources

Department of Education FAFSA Telephone Support

The Department of Education provides telephone support to FAFSA applicants who have questions about how to complete or make corrections to the FAFSA.  Contact the Department of Education support line at (800) 433-3243.

Financial Aid Awareness Month 2014 - January 3rd through February 13

New York State Higher Education Services Corporation (HESC) will provide the following FAFSA Assistance to parents and students filing the 2014-2015 FAFSA.

  • Telephone Hotline, 1-800-808-1790, live help Monday through Friday from 12pm-5pm to answer any questions about completing the Free Application for Federal Student Aid (FAFSA).


  • Live Chat, availble 9am-4pm, StartHereGetThere.org.


 
 

The Office of Financial Aid is responsible for the administration of state, federal and institutional financial aid programs.  In conjunction with the Student Financial Center, the Office of Financial Aid assists students and families in navigating the financial aid process.

For assistance, visit the Student Financial Center located in the Campus Center G26, or call the Student Financial Center at (518) 442-3202.