Financial Aid Pending (FAP) Holds

The College Financial Aid Office (CFAO) is working diligently to process all financial aid applications. To prevent classes from being cancelled, we are placing FAP indicators on student accounts that meet the Satisfactory Academic Progress standards and have no debt holds. In addition, the student must meet one of the following criteria:
• The student’s “To Do List” on NOVAConnect self-service shows receipt of all required documents (excluding high school diploma), but aid has not yet been awarded
• The student has a loan offered within the last two weeks that is not yet accepted
• A FAFSA correction has been sent to the Central Processor that has not yet come back to NOVA [EC, Electronic Correction, on “To Do List”]
• First-year Pathway/Adult Career Pathway students
• First-year GPS students
• Awarded students who need an additional amount to cover tuition and fees
• Students whose EFC’s fall within potential Pell Grant range and who have open checklist item(s) for outstanding documents
• Students with ISIRs in PeopleSoft and incomplete checklists who are registered for classes
The CFAO will award, in the order files are complete, as many files as possible between now and the first day of classes. We will do our best to award your aid, but FAP’s will generally come off at the close of business on Wednesday, August 11, 2014, whether or not you have received an award. Watch your NOVAConnect account. Respond immediately to additional requests for information. Please take the following steps:
• If you don’t see an award by Friday, August 8, 2014, make arrangements to pay your bill until your aid is processed.
• If you are accepting an awarded Perkins or Direct Loan for the first time in recent years at NOVA, you must complete a Master Promissory Note and loan counseling before any money is actually in place and before you can use that money to purchase books or pay your bill. Allow 5 days for processing the loan after the loan is accepted and paperwork is submitted. FAPs for loans in offered but not accepted status will hold classes for these three+ weeks only.
• Register for all classes for the term before you go to the bookstore; your aid will show as reduced if you are less than full-time. Regardless of when your classes begin, you cannot use financial aid to buy books after September 8, 2014. The first day to charge books for students with enough aid in place is August 6, 2014.
You are responsible for your own registered classes. Drop all fall 2014 registered classes you are not planning to attend. You can be charged for these classes and can even receive failing grades for these classes. A FAP (NVCC Financial Aid Award Pending) will prevent your classes from dropping for non-payment but does not prevent you from dropping classes yourself.
If you withdraw or stop attending before the term is over–whether or not you complete some credits, a portion of your aid will likely have to be returned, resulting in your owing money to NOVA, the Department of Education and/or the Commonwealth. Review the Return to Title IV policy on NOVA’s website.