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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Financial Aid Newsletter – April 2018 Greenback

Check out the April 2018 Greenback, the latest issue of NOVA’s financial aid newsletter. This issue features information on:

  • Second Pell Grants for Summer
  • Preparing for Fall 2018
  • Viewing Anticipated Aid
  • Limits on Subsidized Loans
  • $500 CashContest
  • Avoiding Scams
  • Submitting Documents to the Financial Aid Office
  • Reminders About Attending Two Colleges During the Same Year
  • Scholarships for Dreamers
  • Getting IRS Transcripts Online
  • Satisfactory Academic Progress (SAP) Reminders
  • Summer 2018 Bookstore Purchase Periods

The Greenback newsletter is designed to provide students and staff members with a concise summary of current financial aid topics.

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NVCC Summer 2018 Payment Plan

NVCC Current and Prospective Students,

Below is the elaborate payment plan designated for 2018 Summer Semester enrollments. Please read it carefully, as it contains instructions, critical dates and deadlines, payment options, fees, and other FAQs.

Steps to Enroll:

  • Once you have enrolled in classes;
  • Go to nvcc.edu;
  • Logon to My NOVA. Select VCCS SIS;
  • Select Self Service;
  • Select Student Center;
  • Select Apply Payment Plan (under finances; my account);
  • Select Apply Payment Plan (located next to Total Due); this will take you to the Payment Plan site at afford.com
  • Select a Payment Plan option; complete required information.
  • Select payer billing preference; Create an account at TMS
  • Accept terms and conditions.
  • Sign up for automatic monthly payments.
  • Pay the enrollment fee and down payment. You MUST pay the enrollment fee and down payment to activate your account to hold your classes.

Payment Methods:

  • Automatic Bank Payment (ACH)
  • Credit Card/Debit Card – Discover, MasterCard, American Express, and Visa.

Monthly payments are processed on the 16th (New Monthly Payment Date) of the month. If a credit card or debit card is used, a convenience fee of 2.5% will be added to each transaction.

Payment Options:

 Summer 2018      Plans Available Beginning 03/27/2018

Last Day to Enroll Online Required Deposit  and Fee Number of Payments Months of Payments Enrollment Fee
4/16/18 25% Deposit + 3 May-July $35
5/16/18 50% Deposit + 2 June-July $40

Last day to increase your payment plan account is 5/16/18 by 4:00p.m.

Last day to withdraw from the payment plan is 5/22/18 for the first deposit.

Payment plans may be cancelled immediately or by 5/23/18 for delinquent accounts.

Last day to decrease the payment plan is 7/23/18 by 4:00p.m. prior to second deposit

Fall 2018         Plan Dates Coming Soon!

Classes added after the last date to increase, need to be paid to the College by 5:00PM the next business day by another payment method or you may be dropped from your classes.

 

 

PAYMENT PLAN INFORMATION

NOVA and Tuition Management Systems (TMS-payment plan vendor) announce the Summer 2018 payment plan dates. Please read the information below carefully. 

Important Plan Information

It is the responsibility of each student in the plan to make sure their payment plan covers their enrollment to avoid being dropped from classes.

  • Automatic changes may occur to update your TMS account.
  • Students or payers can call directly to TMS 6 days before the next payment due date to request a monthly payment adjustment based on enrollment changes.  All changes require 1 day for school approval, as well as, TMS requires 5 days for processing.
  • If a payment is returned, there is a $30.00 return fee charged by TMS.
  • TMS WILL NOT MAKE ANY RE-ATTEMPTS TO COLLECT RETURNED PAYMENTS.
  • Students or payers will be notified by TMS of returned/missed payments. Payments must be current or the plan account may be cancelled by TMS.
  • If your payment plan is cancelled, you will be required to re-enroll and pay a new enrollment fee and another down payment.
  • Keep all deadlines in mind when planning for your tuition expenses.

All payment plan participants are reminded to closely monitor your payment plan account, your College enrollment, and your College e-mail for notification from TMS or NOVA. Deadlines for canceling a plan account, making changes that affect the next payment, and other important dates and deadlines CANNOT be adjusted or changed. Please do not assume that your account with TMS will be automatically adjusted if Financial Aid is received.

On the 12 week and 2nd 6 week CENSUS DATE, (the last day to drop classes with a refund) you may be dropped from classes that are not covered by your TMS payment plan.  Only the payer (responsible party) will receive change notices from TMS.  In some cases, this could be a parent or relative, not necessarily the student.

 

For any questions about setting up your payment plan account, or to request changes, students or payers should call TMS at 800-337-0291.

 

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2017 Tax Year – Federal Tax Benefits for Higher Education

Check out the information provided below from the National Association of Student Financial Aid Administrators (NASFAA) regarding tax benefits for higher education.

The federal government provides a number of tax incentives that can help lower the cost of higher education. These incentives include:

  • Tax credits directly reduce the amount of tax you pay.
  • Tax deductions reduce the amount of your income that is taxed.

You may qualify for more than one of these incentives, but there are some restrictions. It’s a good idea to calculate your taxes multiple ways to find the maximum benefits available to you. For more information, on any of these benefits, refer to IRS Publication 970 or consult a qualified tax advisor.

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New Financial Aid Verification Videos

Check out these new videos related to the financial aid verification process.  Topics include:

  • Does everyone selected for verification have to provide the same information?
  • How do I verify financial aid and household information if I filed a tax return?
  • How do I verify my tax information if I amended my return?
  • How do I verify my tax information if I filed an extension?
  • How do I verify my income information if I didn’t file a tax return?

 

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The Financial Aid Greenback – NOVA’s Financial Aid Newsletter – December 2017

Financial Aid Newsletter – December 2017 Greenback

Check out the latest issue of the Greenback, NOVA’s Financial Aid newsletter. This issue features information on:

  • Using the TMS Payment Plan
  • Managing Textbook Costs
  • Viewing Anticipated Aid
  • 2018-2019 FAFSA Updates & Fraud Prevention
  • Year-Round Pell Grants
  • Satisfactory Academic Progress (SAP) Appeals & Reminders
  • Scholarship Applications
  • Emergency Grants
  • Spring 2018 Bookstore Purchase Periods

The Greenback newsletter is designed to provide students and staff members with a concise summary of current financial aid topics.

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HAPPY NATIONAL CAREER DEVELOPMENT MONTH!

November is National Career Development Month. NCDM was designed to highlight the importance of life-long career development and the personal empowerment of all people.

Take time to focus on your career development by participating in the Career Development Webinar Series. This lunchtime webinar series will take you through the basic steps of career development with the goal of helping you make informed decisions about your academic and career goals. All webinars are free, but registration is required. The first webinar is being offered at 12:15 pm today.

Learn more about career development on NOVA’s Career Services website. Check NOVA’s Events calendar and ELI’s Student Life website for information about programs being offered across the college.

Follow ELIfe on Twitter this month to receive a daily inspirational quote along with tips to help you with your career development. Throughout the month vote for your favorite quote on Facebook and join in the conversation. Read ELife for tips, stories, and to stay connected.

 

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HAPPY NATIONAL CAREER DEVELOPMENT MONTH!

November is National Career Development Month.  NCDM was designed to highlight the importance of life-long career development and the personal empowerment of all people.

Take time to focus on your career development by participating in the Career Development Webinar Series.  Read more about this on NOVA’s ELife blog at https://blogs.nvcc.edu/elife/2017/11/01/happy-national-career-development-month-4/.

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Operation Game of Loans

You may have heard of companies saying they can help you by reducing or eliminating student loan debt.  These are often scams that may involve companies requesting an illegal advance fee of up to $1,500.  The company then provides very little (if any) assistance.  In fact, these companies do not do anything that you couldn’t do yourself for free by contacting your loan servicer or the U.S. Department of Education.

Fortunately, the FTC is going after these scammers in a new joint effort with state law enforcement agencies called, “Operation Game of Loans”.  You can read more about the operation here, including tips to avoid scams.

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2018 – 2019 Free Application for Federal Student Aid (FAFSA)

The 2018-2019 Free Application for Federal Student Aid (FAFSA) will be available October 1, 2017 for students wishing to attend NOVA for the next academic school year starting Fall Term, 2018. Complete the FAFSA now at FAFSA.Ed.Gov.

File your FAFSA!
Students/parents have two options available when filing:
• Using the IRS Data Retrieval Tool (DRT) within the FAFSA to pull in their 2016 tax information (IRS DRT is available again for 2018-2019.); or
• Using the student’s/spouse’s or student’s/parents’ 2016 tax return information to key in the FAFSA financial information sections.

GETTING STARTED:
The key to accessing the greatest amount of available federal, state, and institutional grants and loans is to apply early. To get started, you will need to obtain an FSA ID to sign online at FSAID.Ed.Gov. (If you are a dependent student, a parent will need a separate FSA ID as well.)

Complete the Free Application for Federal Student Aid (FAFSA).
• This is an online process at FAFSA.Ed.Gov
• Our school code is 003727.
• Complete the 2018-2019 FAFSA (with 2016 tax info & IRS DRT) if you are planning to attend in Fall 2018, Spring 2019, or Summer 2019.

When NOVA financial aid receives your information, we will notify you if additional information is needed and/or send your award letter. Roughly 1/3 of our students are selected for verification—proving the information on the FAFSA–and must send additional documentation. Using IRS DRT greatly reduces that possibility.
While the primary responsibility of paying for a college education lies with the student and his or her family, we are available to assist you with accessing all financial assistance possible to offset the costs of a college education. All students attending Northern Virginia Community College (NOVA) are required to maintain satisfactory academic progress in order to remain eligible for financial assistance. Students are required to be familiar with the Satisfactory Academic Progress (SAP) Policy.

Additional Information:
FSA ID Website | FSA ID Resources – NOVA School Code: 003727
Direct Loan: Accepting Your Student Loans – Entrance Counseling, Master Promissory Note for Direct Loans
StudentLoans.gov – Website for Entrance/Exit Counseling and Master Promissory Note
It’s that simple! Many questions about financial aid and the admissions process can be answered by reviewing our Frequently Asked Questions.

Video Training Links from StudentAid.gov:
Overview of the Financial Aid Process (1:48)
FAFSA Overview (2:32)
Understanding the FAFSA (1:16)
FAFSA: Determining Your Dependency Status (3:20)
Responsible Student Loan Borrowing (2:19)

Note:
A business that charges for the FAFSA looks very much like it is from the Department of Education.  The correct site is www.FAFSA.gov.  NEVER pay to file the FAFSA or pay a consultant!!  The process is free!!

If at any time, you have questions, please feel free to contact our Financial Aid Support Center at (855) 323-3199, or online at: https://mysupport.nvcc.edu

 

Posted in FAFSA Process, Financial Aid Support Center, FSA ID, General Information, Paying for College | Tagged , , | 1 Response

The Equifax Data Breach – What Should You Do?

As you may have heard, the credit reporting agency, Equifax, experienced a major data breach that exposed personal information of 143 million Americans this summer.  Hackers accessed names, social security numbers, birth dates, addresses and in some cases driver’s license numbers and credit card numbers.  So what should you do to protect yourself from identity theft and your information being misused?

Please review the guidance provided by the Federal Trade Commission on the Equifax data breach at https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do?utm_source=govdelivery and consider following the steps they recommend to protect yourself.

 

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