Our Mission

NOVA Financial Aid facilitates access to education for NOVA students by providing assistance in all areas of the financial aid process for the purpose of supporting student enrollment, retention and program completion at Northern Virginia Community College.

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How to Create a FSA ID

The FSA ID – A username and password will replace the Federal Student Aid PIN. It is required to log in to certain U.S. Department of Education websites.

Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents.

For instruction to create your FSA ID click here:  FSA ID

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The Commonwealth Legacy Scholarship Program

The purpose of the Commonwealth Legacy Scholarship Program is to increase access to higher education and to develop student leadership potential for graduating high school seniors who will be attending a Virginia Community College for the first time  in Fall 2015. One ($3,125) scholarship will be awarded for the fall 2015 and spring 2016 semesters.  The Student Financial Aid Committee will select the recipient in July. The recipient will be notified by August 2015.  The following criteria will be used to award the scholarship:

 

  1. Commonwealth Legacy Scholars will be students attending Northern Virginia Community College for the first time in Fall 2015.
  2. Selections will be based on merit.
  3. Scholars will demonstrate academic excellence during high school.
  4. Scholars will demonstrate a willingness to promote community college education and the Commonwealth Legacy Scholarship Program.
  5. Scholars will demonstrate a willingness to mentor future scholars.
  6. Scholars will demonstrate a commitment to developing leadership potential.
  7. Students must be full-time, associate’s degree seeking students with plans to graduate from a Northern Virginia Community College.
  8. Scholars must agree to an interview with the selecting committee to be considered.
  1. If selected, recipients agree to participate in the annual Student Leadership program.

To apply, Click here Scholarship

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Financial Management Workshop

Do you need help balancing your budget? NOVA will be offering a Financial Management Workshop sponsored by the Student Life Office at NOVA on Wednesday, April 15, 2015, from 2:00 pm-3:00 pm in room CS 129. Come join us to learn how to balance a checkbook, combat bank fees, choose a credit card, and more! Click here for more information.

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Account Access

Have you received federal student loans in the past?  If so, you may wish to consider setting up account access to Account_Access_flyer

Benefits include:

  • Schedule future payments
  • Make a payment
  • Explore repayment options
  • View loan interest for tax filing
  • Update your contact information
  • Get help with your account

If you have student loans currently serviced by FedLoan Servicing you may visit www.MyFedLoan.org to set up online account access.  If you need assistance please call FedLoan Servicing at 1-800-699-2908.

Remember to contact your loan servicer if you ever have any questions about repaying student loans.  Loan servicers can review the loan repayment options with you and possibly reduce or temporarily postpone loan payments.

Students can also review their loan history and look up the contact information for other loan servicers at www.studentaid.ed.gov.  Simply follow the directions to log into your account via the button in the upper right corner.

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Thrifty Thursday: Free Budgeting Classes

Free budgeting classes available the third Thursday of every month.
Come and join the class from 7:00pm to 9:00pm.
For additional information, Click the link below.

ThriftyThursdayFlyer2015

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How to Handle Direct Loan Deferments

The National Student Clearinghouse has learned that a number of Direct Loan recipients, who are currently enrolled, have been contacted by their lenders regarding repayment of their loans. Please instruct your students to request a deferment form from their lender and return the completed form to your school.

The completed deferment form must include the following information:

  1. Student’s full name
  2. Student’s Social Security number
  3. Date of birth
  4. Student’s signature
  5. Your school code
  6. Loan holder or servicer’s address
    This is in the form’s lender section, which is typically found on page 2.

Please forward all completed deferment forms to the Clearinghouse and include a cover sheet containing your school’s full name, school code, branch code, and the academic term in question.

Deferments must be mailed. They CANNOT be faxed because most lenders require the original form and signature.

IMPORTANT: If a student has more than one loan holder, he or she must complete a separate deferment form for each lender/servicer.

Please mail your cover sheet and deferment form(s) to the Clearinghouse at:

National Student Clearinghouse
2300 Dulles Station Blvd, Suite 300
Herndon, VA 20171

The Clearinghouse will complete the deferment forms we receive from you using the enrollment information provided by your school for the term in question.

If you have any questions, please contact your Clearinghouse regional director or service@studentclearinghouse.org.

 

 

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2015-16 Scholarships Available

The on-line scholarship application is now active and accepting new scholarship applications for 2015-2016 NVCC Educational Foundation scholarships. Complete the application process accurately and prior to the application deadline: Wednesday, February 18, 2015.

To access Financial Aid Scholarship Applications, go to https://nvcc.academicworks. com. Once there, you must sign up, if you have not already done so, by using your VCCS email and creating your own pass- word.

When you have signed in, complete the General Application first. After completing the General Application, you may apply for any additional scholarships that interest you, provided you meet the requirements.

If you have additional questions, please contact the Financial Aid Support Center (855-323-3199) or your campus representative for assistance.

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2014 Federal Income Tax Return Transcripts available via Get Transcript early in the 2015 tax filing season

Although the IRS Data Retrieval Tool (DRT) is still the preferred method for providing tax information when completing the FAFSA, accessing a real-time tax transcript at www.irs.gov/transcript will simplify the process of obtaining a Tax Return Transcript for those filers who are not eligible to use the IRS Data Retrieval Tool. Electronic tax filers should have access to a transcript two weeks after taxes are filed, starting about the end of February.

Federal tax filers will be required to provide authentication prior to viewing and printing their Tax Return Transcripts. Get Transcript provides:

  • Individual/joint-filer transcripts
  • All available transcript types and/or

Letters of Non-Filing

  • Taxpayer authentication
  • Immediate display of transcript via PDF; users can view, print, and save the file

Get Transcript will alleviate the need to visit the IRS Office in person or request a transcript via mail; the filer will simply go to www.irs.gov/transcript. After user authentication, students or parents will provide the reason for the request, select the year(s), type(s) of information requested, and other requested information, and the document will be displayed in a printable format.

In preparation for completing the FAFSA, families are encouraged to file their taxes electronically and to do so as early as possible to meet all financial aid priority deadlines.

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New FSA ID to Replace the Federal Student Aid PIN

In spring 2015, Federal Student Aid (FSA) will implement a new login process for their student and borrower-based websites, including FAFSA on the Web, NSLDS® Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. The new FSA ID, which will be comprised of a userselected username and password, will replace the Federal Student Aid PIN as the process by which students, parents, and borrowers authenticate their identity to access their federal student aid information. The FSA ID will offer new functionality, including a single sign-on process for most of FSA systems.

FSA is making this change to eliminate the need for individuals to enter personal identifiers (Social Security number, name, and date of birth) when accessing Federal Student Aid’s systems. This change is critical to comply with new security requirements and industry best practices.

FSA is working to ensure that the transition from the FSA PIN to the FSA ID is as seamless as possible for customers. Existing users will be able to link their PIN information to the FSA ID. This change will not impact the FSA User ID log-in process that is currently in place for financial aid professionals.

Students will receive additional information regarding this change, which is expected to occur around the end of April, 2015. Please monitor the NOVA Financial Aid website for forthcoming announcements about the transition to the new FSA ID.

Thank you in advance for your support as FSA implements this important change. As always, if questions arise contact the Financial Aid Support Center.

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Be Proactive with Your Student Loans: Prepare for Repayment

NOVA Financial Aid wants to ensure that you know how to find the status of your student loans and the contact information for your loan servicer(s) in case you have questions about loan repayment.

If you have not already done so, it is important to prepare to repay your student loans. Check with your loan servicer if you aren’t sure how or when to make a payment. You are responsible for staying in touch with your servicer and making your payments, even if you do not receive a bill. Many borrowers choose to have their loan servicers electronically debit loan payments from their banks each month in order to help prevent missing payments and becoming delinquent on student loans.

If you ever have difficulty making a loan payment, you should contact your loan servicer before the payment is late. You might qualify for deferment, forbearance, or a different repayment plan that can temporarily postpone or reduce the amount that you must pay. In order to see what options are available for your situation, you would need to call your loan servicer.

You may look up the contact information for your loan servicer by logging into your “My Federal Student Aid” portal at www.studentaid.gov. Click on the log in button in the upper right corner at www.studentaid. gov and enter your information to log in. If you do not know your 4-digit financial aid PIN, you may click on the “Forgot your PIN” link to request a duplicate PIN. Once you log in, scroll down to view your federal student loan history. Click on each of your loans to view the contact information for your current servicer. Different loans could have different servicers, especially Perkins loans. You should call your loan servicer today if you have any questions about repaying your student loans, including any options that may be available for you.

More information is available at www.studentaid.gov > Repay Loans.

Check out this short video for more information: http://cheapscholar.org/2013/11/26/student-loan-repayment-101-video/

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