Other Important Information
On this page:
- Definition of an Academic Year for Financial Aid Purposes
- Financial Aid and Tax Issues
- State Higher Education Loan (SHEL)
- Study Abroad/National Student Exchange
- Family Education Rights and Privacy Act (FERPA)
- Campus Security Report
- Athletic Program Information
- Federal Student Aid Ombudsman Group
- Financial Aid Disclaimer
Definition of an Academic Year for Financial Aid Purposes
The definition of a financial aid academic year at UH Hilo is one in which a student completes a minimum of 30 weeks of instruction and 24 semester credit hours. The definition of an Academic Year should not be confused with grade level progression used for Federal student loan programs. The following grade levels are used for undergraduate programs:
Grade Level | Semester Credit Hours Earned |
---|---|
Freshman | 0 - 29.99 |
Sophomore | 30 - 59.99 |
Junior | 60 - 89.99 |
Senior | 90 or more |
Financial Aid and Tax Issues
- Taxable Financial Aid Current federal tax laws have made some financial aid taxable income. Financial aid received (excluding loans) in excess of the cost of tuition, fees and books is considered taxable income. You should contact the IRS or a tax preparer for additional information.
- Educational Income Tax Credits
There are two educational income tax credits that can reduce your or your family’s federal taxes. They are based on your university tuition and fee charges. The American Opportunity Tax Credit is a refundable tax credit for undergraduate college education expenses. This credit provides up to $2,500 in tax credits on the first $4,000 of qualifying educational expenses. The Lifetime Learning Credit is a tax credit for any person who takes college classes. It provides a tax credit of 20% of tuition expenses, with a maximum of $2,000 in tax credits on the first $10,000 of college tuition expenses.
You can claim the Lifetime Learning Credit on your tax return if you, your spouse, or your dependents are enrolled at an eligible educational institution and you were responsible for paying college expenses. Unlike the American Opportunity Credit, you need not be in the first four years of undergraduate classes. Even if you took only one class, you may take advantage of the Lifetime Learning Credit. For more information about tax credits, you can visit the IRS website .
State Higher Education Loan (SHEL)
If you are a SHEL borrower and are currently in repayment or have questions regarding your loan status, please refer to the UH Loan Collection Office website for FAQs and contact information.
Study Abroad/National Student Exchange
- Study Abroad Enrollment in a program of study abroad that is approved for credit by the University of Hawaiʻi Hilo may be considered enrollment at the university for purposes of a student applying for financial aid. Students considering study abroad should contact the Center Global Education and Exchange.
- National Student Exchange National Student Exchange seeks to expand opportunities to students by enabling them to attend any of over 190 participating college and universities for up to one academic year while paying the host school’s resident tuition. Students who are interested in going on exchange should contact the National Student Exchange office.
Family Education Rights and Privacy Act (FERPA)
Student’s rights under the Family Education Rights and Privacy Act (FERPA) may be found on the FERPA information website.
Campus Security Report
Campus Security Reports are available upon request through the Campus Security Office or the Campus Security website.
Athletic Program Information
Information regarding athletic program participation rates and financial support data as well as completion/graduation rates and transfer-out rates for student athletes can be requested from the Office of Intercollegiate Athletics.
Federal Student Aid Ombudsman Group
Borrowers with concerns about their Federal Student Loans may visit the Federal Student Aid Ombudsman Group website or contact them at:
U.S. Department of EducationFSA Ombudsman Group
830 First Street, N.E., Mail Stop 5144
Washington, DC 20202-5144
Phone: 1-877-557-2575
Fax: (202) 275-0549
Financial Aid Disclaimer
The Financial Aid Office at the University of Hawaiʻi at Hilo is committed to helping students obtain the maximum amount of financial assistance possible. However, students must assume responsibility for complying with all requirements necessary to process their financial aid. Additionally, the Financial Aid Office is not responsible for any student's financial obligations to the University of Hawaiʻi at Hilo. You must individually make sure that your financial obligations are properly met. Information in this guide is subject to change with revised regulations and guidelines.