2014-15 Award Explanations

Federal Work Study

Eligible students are notified of their FWS award as part of their financial aid package. The earliest students may begin working for the 2014-2015 academic year is August 22, 2014. The steps to find a Federal Work Study (FWS) job are as follows:

Step 1

Visit the job board at Career Services, 230 Nebraska Union, to view a listing of available part-time positions and determine the job(s) that interest you. These job listings can also be found online at Career Services' Website. Please be aware that while employers are able to post job openings any time, the majority will begin posting positions for the upcoming award year in early August.

Step 2

As a FWS recipient, you are expected to arrange your own job interviews with potential employer(s) and make the decision about where you will work.  

Step 3

FWS Authorization Forms are no longer printed and required by the employer. Your employer will be able to independently verify FWS awarding information.

Federal Work-Study Rights and Responsibilities

Your Responsibilities as a Student Employee
Once you have selected a work-study position, your initial responsibility is to determine a work schedule with your employer. As a Federal Work-Study (FWS) student employee, you will be treated as any other University employee. Accordingly, you are expected to abide by the schedule you have set with your employer. Students typically work 10-20 hours per week. University student employment policy limits student employment to not more than 20 hours per week. You should contact the department in advance if you cannot make the scheduled work hours. If this is not done, you could be subject to termination from the FWS program. The intent of FWS is to provide employment for students to assist them in financing their education. Therefore, it is not recommended that you study on the job. Departments cannot record hours you have not actually worked. You must record your work hours honestly. Any falsification of the time sheet or time card will mean immediate suspension from the FWS program. No additional financial assistance will be allocated to replace FWS.

Employer Responsibilities
The department must provide a supervisor to monitor your work. The supervisor must be a permanent employee of the University and cannot be another FWS student. Departments should make every effort to schedule your work hours around your class schedule. When this is not possible and you need the hours to earn your award, you have the option of obtaining a second FWS position. Departments should remember that you are a student first and should let you alter your work schedule when possible, provided you contact the department in advance. Departments will be keeping records of your FWS earnings; computer payroll reports are sent out to each department every two weeks.

How, When and Where You will Be Paid
Time sheets are completed by you and your supervisor and then reported to the Payroll Department. Payroll generates a paycheck through the general computer payroll system. Since the bi-weekly employee paychecks are two weeks behind, you will generally not receive a check until four weeks after you begin your employment. Confer with your employing department for information on receiving your paycheck as all UNL employees are paid by direct deposit.

What to Do with Federal Work-Study Employment Problems
If you are experiencing difficulty with your FWS position, you should discuss this problem with your supervisor. If the problem is not solved, you should then discuss it with the department's FWS contact. Talking to these individuals allows the department to change your job assignment within the department to rectify scheduling or work problems. Should the department fail to solve the problem with your FWS employment, you should make an appointment with the Federal Work-Study Assistant Director, in the Office of Scholarships and Financial Aid.

Under no circumstances may you begin work without following these guidelines. To do so will result in a financial obligation to your employer and your possible loss of employment.

 

Federal Perkins Loan

The steps to complete the Federal Perkins loan process are as follows:

Step 1

Determine how much you need to borrow. As a borrower in a federal student loan program, you have the right to request a lower amount than that offered in your financial aid package. Keep in mind that you will be responsible for repayment of this loan.

Step 2

Information about completing a Perkins Master Promissory Note (MPN) will be sent to you over the summer. The MPN is a promissory note that can be used to make one or more loans for one or more academic years (up to 10 years). Please note, if you have previously signed a Master Promissory Note (MPN) for a Federal Perkins Loan, a new promissory note for the upcoming academic year is not required; the MPN you signed previously is still valid and in effect.

Step 3

Complete the MPN.

 

Federal Direct Stafford Loans

The steps to complete the Federal Direct Stafford loan process are as follows:

Step 1

Determine how much you need to borrow.  As a borrower in a federal student loan program, you have the right to request a lower amount than that offered in your financial aid package. Keep in mind that you will be responsible for repayment of this loan.

Step 2  

If you have previously signed a Master Promissory Note (MPN) for a Federal Direct Stafford Loan, a new promissory note for the upcoming academic year is not required; the MPN you signed previously is still valid and in effect. If you are a first-time Federal Direct Stafford Loan borrower, you will need to complete an MPN. The MPN is a promissory note that can be use to make one or more loans for one or more academic years (up to 10 years). The electronic version of the MPN allows you to complete, sign and obtain a copy of your MPN over the web using the U.S. Department of Education issued PIN. First time borrowers should access the Department of Education's Student Loans website at https://studentloans.gov and complete a Master Promissory Note. Our office will be notified once you have completed this process. This notification must be received before we can disburse your Federal Direct Loan(s) to your student account.

Step 3

If you are a first-time Federal Direct Stafford Loan borrower at UNL you must complete Entrance Counseling. Please visit the Department of Education's Student Loans website at https://studentloans.gov and complete Entrance Counseling.

Please note: If your enrollment during fall semester drops below half-time status (6 credit hours for undergraduate students, 4 credit hours for graduate students or 6 credit hours for law students) it will cause the spring disbursement of your academic year Federal Direct Stafford Loan to be canceled.

 

Federal Direct PLUS Loans

The steps to complete the Federal Direct PLUS loan process are as follows:

Step 1

A student is awarded a Federal Direct PLUS Loan and accepts the award on MyRED. 

Step 2

A parent must go to http://studentloans.gov to complete the Federal Direct PLUS Loan Request for Supplemental Information (Direct PLUS Loan Request). 

The parent who completes the Direct PLUS Loan Request must have a Federal PIN number. If that parent does not have a Federal PIN, he/she may apply for one by going to the Department of Education PIN Registration site at http://www.pin.ed.gov. The PIN serves as an identifier to let you access personal information in various U.S. Department of Education systems. The PIN also serves as an electronic signature.

Once the Direct PLUS Loan Request is completed, the parent will know immediately if approved or denied.  Within 24-48 hours, the parent/student information and the credit decision is sent to the school.

Please note : To borrow a PLUS loan for a student, the parent must be the student's biological or adoptive mother or father. A stepparent is also eligible to borrow a PLUS loan if his/her income and assets were taken into account when calculating the Expected Family Contribution (EFC). A legal guardian is not considered a parent for federal aid purposes.

Step 3

The same parent who completed the Direct PLUS Loan Request must complete and sign a Master Promissory Note (MPN) for Parent PLUS Loans. The electronic version of the MPN allows a parent to complete, sign and obtain a copy of his/her MPN over the web using his/her U.S. Department of Education issued PIN. If the same parent previously signed an MPN for a Federal Direct PLUS Loan for this son/daughter, a new MPN for the upcoming academic year is not required; the MPN signed previously is still valid and in effect. If a parent has not previously signed an MPN for Parent PLUS Loans for this son/daughter, he/she should access the Department of Education's Student Loans website at https://studentloans.gov and sign a Master Promissory Note for Parent PLUS Loans. Our office will be notified once your parent has completed this process. This notification must be received before we can disburse the Federal Direct PLUS Loan to a student's consolidated billing account.

 

To avoid delays in processing your Federal Direct PLUS Loan, please follow these helpful hints:

  • The same parent borrower who completed the Direct PLUS Loan Request must sign the MPN.
  • The parent should complete the Direct PLUS Loan Request using their full legal name. Likewise, when completing the Electronic MPN the parent should use their full legal name. The MPN will not "link" to the PLUS Loan unless these items match.
  • If one parent borrowed through the PLUS Loan program in a previous year and completed an MPN, and for the upcoming academic year a different parent has completed the Direct PLUS Loan Request, a new MPN is required from that parent.
  • Make sure the parent borrower's AND student’s Social Security Number (SSN) and Date of Birth are correct when completing the Direct PLUS Loan Request and Electronic MPN.
  • Eligible non-citizens must provide documentation. Acceptable documentation is the Alien Registration Card (I-551 or I-151) or the Arrival-Departure Record (I-94). Provide a copy of the front and back of the card.