NOVA Students Can Win $100 Awards for Learning about Personal Finance

During the 2016-2017 academic year, NOVA students who successfully complete Financial Avenue courses will be entered in drawings for forty $100 grants and bookstore gift cards that can be used for educational costs at NOVA.  The Financial Aid Office will randomly select winners after each completion period has ended.  Each course typically takes about 45 minutes to complete and covers topics such as budgeting, saving, credit cards, loans, financial aid, and employee benefits.  Please consider entering the contest!  It’s a great opportunity to potentially win money towards your educational expenses while building real-life personal financial management skills!

The Official CashContest rules are posted on NOVA’s Financial Literacy Blog.  Students may sign up for Financial Avenue at https://fa.financialavenue.org/sign-up/ and enter NOVA’s access code, “FinLit” to participate in the contest.  The deadline for completing the first course, “Foundations of Money” is 11:59pm on October 18, 2016.

In addition to the Financial Avenue courses, a variety of other resources are available on the Financial Literacy Blog.

File Your FAFSA Oct 1, 2016!!!

The Department of Education implemented changes to make the FAFSA application process easier and more efficient, thus allowing for earlier availability of important financial eligibility information.

FAFSA_Oct-2016_Clock

TWO IMPORTANT CHANGES GO INTO EFFECT WITH THE 2017-2018 FAFSA:

  • Submit a FAFSA earlier: Students will be able to file a 2017-18 FAFSA beginning October 1, 2016 (rather than beginning on January 1, 2017). The earlier filing date will be a permanent change, thus allowing students to complete and submit a FAFSA as early as October 1 every year.
  • Use earlier income information: Beginning with the 2017-18 FAFSA, students will report income information from an earlier tax year. For example, on the 2017-18 FAFSA, students (and parents, as appropriate) will report their 2015 income information (rather than their 2016 income information).

The following table provides a summary of key dates as we transition to using the early FAFSA submission timeframe and earlier tax information.

For more information on Early FAFSA filing, visit: nvcc.edu/financialaid