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                                                                                        Student Financial Assistance  

How to Transfer Aid Between Colleges                     

1)  ENTERING - Steps for Transferring Aid to USI

  • Apply for admission as a degree-seeking student at USI. -- Check the USI Reasonable Academic Progress Policy carefully if you are transferring in more hours than are normally required for your degree objective.  You may be ineligible for aid.
     
  • Complete the USI Student Financial Assistance University Data Form (UDF).
     
  • If USI is not listed on your Student Aid Report (SAR), you may have USI added by making a correction to your FAFSA at www.fafsa.ed.gov.  Simply "correct" your FAFSA by adding USI - code 001808.  If you don't have a PIN to make the correction on-line, you may obtain a PIN at www.pin.ed.gov or contact the Federal Aid Programs Processor at 800/433-3243 to add USI to your FAFSA. You will need to supply them with your DRN number that is found on your SAR. If you do not have your DRN number, you may contact the Federal Aid Programs Processor at 800/433-3243 to request a duplicate SAR. Students calling from outside the U.S. should use 319/337-5665.
     
  • Notify your current school of your transfer to USI so they may cancel your aid for the upcoming semester.
     
  • If you were required to submit signed photocopies of prior year federal tax returns to your previous school, those tax returns will be required by USI as well. A USI verification worksheet should also be completed and will be mailed to you by USI.  This form is available on-line at www.usi.edu/finaid/sfaforms.asp.
     
  • If you have an Indiana Higher Education Award or 21st Century Scholars Award, or Indiana National Guard Supplemental Grant, contact the State Student Assistance
    Commission of Indiana (SSACI) about changing schools. To change schools: go on-line at www.in.gov/ssaci/estudent OR, mail a copy of your SSACI grant notification form with the new college choice (USI) noted; OR, fax a written request to 317/232-3260; OR, mail a written request to: SSACI, ISTA Center Suite 500, 150 W Market St, Indianapolis IN 46204. Sign and date all correspondence. Contact SSACI at 317/232-2350 if you need assistance with this process. For students calling long distance, the number is 1-888/528-4719.
     
  • If you have a Child of Disabled Veteran/Child of POW/MIA fee waiver, please call USI to obtain a new application. USI must have an original application verified by the Department of Veterans Affairs.
     
  • If you have a Stafford and/or PLUS Loan, notify your current school of your transfer to USI so they may cancel your future disbursements. For example, students transferring at the end of fall must have spring disbursements cancelled with their current school prior to re-applying for a loan with USI. Contact USI for information on applying for a Stafford and/or PLUS loan.
     
  • Visit the USI Student Financial Assistance office after you enroll so that any aid you have coming can be entered on the computer system to cover fees.

2)  EXITING - Steps for Transferring Aid From USI to Another College

  • Apply for admission as a degree-seeking student at the new college.
     
  • Contact the Student Financial Assistance Office at the new college about any institutional financial aid forms you may need to complete.
     
  • If the new college is not listed on your Student Aid Report (SAR), you may have
    your new college added by making a correction to your FAFSA at www.fafsa.ed.gov.  If you don't have a PIN to make the correction on-line, you may obtain a PIN at www.pin.ed.gov or contact the Federal Aid Programs Processor at 800/433-3243 to add USI to your FAFSA.  You will need to supply the processor with your DRN number that is found on your SAR. If you do not have your DRN number, you may contact the Federal Aid Programs Processor at 800/433-3243 to request a duplicate SAR. Outside the U.S., use 1-319/337-5665.
     
  • If you were required to submit signed photocopies of your prior year federal tax returns to USI, you may be required to by the new college as well.  A verification worksheet should also be completed (should be supplied by the new college).
     
  • If you have an Indiana Higher Education Award or 21st Century Scholars Award, or Indiana National Guard Supplemental Grant, contact the State Student Assistance Commission of Indiana (SSACI) about changing schools. Make sure you specify the term you will start at the new school. To change schools: go on-line at www.in.gov/ssaci/estudent OR, mail a copy of your SSACI grant notification form with the school choice change (USI) noted; OR, fax a written request to 317/232-3260; OR, mail a written request to: SSACI, ISTA Center Suite 500, 150 W Market St, Indianapolis IN 46204. Sign and date all correspondence. Contact SSACI at 317/232-2350 if you need assistance with this process. For students calling long distance, the number is 1-888/528-4719.
     
  • If you have a Child of Disabled Veteran/Child of MIA/POW fee waiver, please call the new college to obtain a new application. The new college must have an original application verified by the Department of Veterans Affairs. (The CDV and MIA/POW fee waivers are available only at state-supported colleges/universities in Indiana.)
     
  • If you have received any financial aid at USI, contact the Student Financial Assistance Office (SFAO) to have aid cancelled for all future terms. If you have a Stafford and/or PLUS Loan, notify the USI SFAO of your transfer to another college, so we may cancel your spring or summer disbursement with your lender. Your spring/summer disbursement must be cancelled with USI prior to re-applying for a loan with the new college. Complete a loan exit interview at USI's Student Financial Assistance Office or via the internet at www.usi.edu/finaid/exitnew.htm . Your USI academic transcript will be withheld until this obligation is completed.
    NOTE: If you applied for a full year (Fall and Spring) loan at USI, and you transfer at the end of fall, your spring disbursement must be cancelled. You must re-apply for a loan at the new college if you want to continue borrowing.
     
  • It is also helpful, if you have a housing contract with USI, to let the Residence Life office know you are not returning in the next semester.
     
  • Visit the Financial Aid office at your new college after you enroll.

                  


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