2012-2013 FAFSA Renewal Information

It is that time of the year again!  If you have not already submitted your 2011 tax returns to the IRS and your 2012-2013 FAFSA at www.fafsa.gov, please do so immediately!  It is more important than ever that you first file and submit your tax returns for 2011 prior to filing the FAFSA.  Students and parents are encouraged to use IRS data retrieval when completing the FAFSA.  If both do, the student’s file is much less likely to be selected for verification.  If selected for verification, the student and parent must submit tax transcripts and cannot submit copies of tax returns as you have in the past.

 

Our priority file completion date for fall is May 1; that means we want not only a correct FAFSA by that date but all requested documentation required for file verification, as well.  We will continue awarding aid for files completed after May 1, but we cannot guarantee that your award will be in place by the July 29 tuition due date if your file is not complete early.  In addition, supplemental funds run out quite early most years.  The sooner your file is complete, the better the opportunity to be considered for all possible types of aid.

 

Summer Aid

If you are attending classes at NOVA during summer 2012, we will utilize the 2011-2012 FAFSA to award any remaining aid for which you might be eligible.  No separate application is required.  Students can no longer receive a second Pell Grant within the same academic year; but if you did not use your full Pell Grant prior to summer, you could still have some Pell available–or possibly remaining loan eligibility.

 

Pell Limit

A recent budget bill passed by Congress has reduced the maximum number of full-time equivalent terms for receiving Pell to 12 terms.  It doesn’t matter when you first received Pell; the new rule applies to all students beginning with 2012-2013 awards.  If you have received the equivalent of twelve full terms of Pell Grant, you can receive no more Pell.  The old rules no longer apply to anyone.

 

SAP Warning Status

If you are currently on SAP warning status, you must be back in good standing after spring term, or you will be on financial aid suspension and ineligible for continued aid.  If unusual circumstances exist and you can document them, you can submit appeal form 125-323 for consideration.  Warning status is by federal regulation for one term only.  If you did not attend NOVA spring term, your warning status will still end with spring term.  Please contact the Financial Aid Support Center at 1-855-323-3199 to request a review of your file and possible reinstatement of a warning term due to no attendance during spring term.  If you attended elsewhere for spring but are returning to NOVA, we need an official copy of your academic transcript from the other school before a decision can be made.

 

Watch your NOVAConnect account and NOVA email for information regarding summer 2012 and 2012-2013 aid!  All awards are originally at full-time status and must be adjusted to the correct status after term census.  We will continue to adjust or cancel aid if at any time you otherwise become ineligible for those awards.