Introducing MyFinancialAid!
Students are be able to accept their awards, submit applications, and download the forms
necessary to complete their financial aid file via MyFinancialAid. MyFinancialAid can be
accessed from MYUMO. Students will log into MYUMO with the same user name and
password they would use to access their UMO e-mail. Once logged into MYUMO, there is a
link on the home page and the Finances tab for MyFinancialAid.
Students must have a financial aid record already established at the University of Mount Olive in
order to use this system. Financial aid records are created by two methods. Every week the
financial aid office uploads information from the admissions office and new students that have
been accepted will have a record created. The second way a financial aid record can be created
is the receipt of the Free Application for Federal Student Aid (FAFSA). If students have not
begun the financial aid application process, they can get started by completing the Free
Application for Federal Student Aid online. Students will need to enter our school code, 002949,
on their application; doing so will ensure that UMO will automatically receive a copy. Once
UMO receives information from either of these methods, a record will automatically be created
in MyFinancialAid.
The FAProfile tab houses the agreement to the requirements for any institutional scholarship that
is based on academic merit. Students not receiving a scholarship based on academic merit
will still complete this tab for general financial aid purposes and Business Office
agreements. Once students complete the form, they will need to click “Submit.”
MyProfile tab (continued):
The first time students log into the system, they must click on the accept awards tab to accept the
terms and conditions, and then click submit.
Once the general terms and conditions have been accepted students will click on home to return
to the home page. Currently the home page is being used to publicize the disbursement and
refund schedule.
Scrolling down on the home page will provide students with additional information on
documents and messages. Clicking on any one of these items will take students to the page with
which they are associated.
Students can also access other areas by clicking on the tabs across the top of the home page.
Accept Awards. Prior to seeing the financial aid awards, students will need to read and accept
the Award Terms and Conditions.
Once students have agreed to and accepted the award terms and conditions, the Accept Awards
tab will display their budget and financial aid awards.
Students will be able to accept or decline all awards, or each individual award. In addition,
students will have the option to reduce Federal Work Study and the Federal Direct Loan amount
until they have submitted the initial acceptance of the financial aid package. Finally, the students
will click the submit button. Once the awards have been accepted, the students will need to
contact their financial aid counselor for changes.
The next screen will list any documents we need from students. The documents that are
underlined can be downloaded and printed by the student. Once the students have the documents
printed they should complete the document(s) and return it to the financial aid office.
The Messages tab will include any messages that would normally have appeared in students’
award letters.
The Loans tab will detail information for the students’ loans for the academic year selected.
The Loan History tab should detail the total amount students have taken in Federal Stafford and
Federal Direct loans. The information comes from the FAFSA we have loaded in our database
which is updated by the National Student Loan Data System. We have provided a link to the
National Student Loan Data System (student access).
Do not use the Forms tab. It exists so we can provide links to the needed documents, but it lists
all documents. It is much easier to utilize the Documents tab and download only those forms
that are required.
The Disbursements tab will detail the students’ awards by semester, and once financial aid has
disbursed the funds, students will be able to see the amount disbursed and the date of the
disbursement.
The Lifetime Awards tab gives an account of the totals for various aid types that students have
received at the University of Mount Olive.