NOVA Students Can Win $100 Awards for Learning about Financial Aid

The second round of NOVA’s CashContest is currently underway!  During the first round, 115 students successfully completed Inceptia’s “Foundations of Money” course and eight of those students were randomly selected to receive $100 grants or bookstore gift cards.

To participate in the second round of the CashContest, students may sign up for Financial Avenue at https://fa.financialavenue.org/sign-up/, enter NOVA’s access code (FinLit), and complete the “FAFSA” course by 11:59pm on December 18, 2016.  The course takes about 45 minutes to complete and shows students how to fill out the Free Application for Federal Student Aid (FAFSA).  It also answers many of the questions that students often have about applying for federal aid. Students who successfully complete the course by the deadline will gain a better understanding of the financial aid process and they’ll be entered in the $100 drawings for this round.  Please participate!

Students are also encouraged to submit the 2016-2017 FAFSA and the 2017-2018 FAFSA at www.fafsa.gov if they haven’t already done so.  To promote early FAFSA completion, the 2017-2018 FAFSA actually became available on October 1, 2016.  Beginning with the 2017-2018 award year, the FAFSA will use tax data from the “prior-prior year” (PPY) instead of the most recent tax year to facilitate the use of the IRS Data Retrieval Tool on the FAFSA and to enable students to receive accurate award information earlier in the year.  Due to this transition to using PPY information, 2015 tax data will be used when completing both the 2016-2017 FAFSA and the 2017-2018 FAFSA.  More information about applying for financial aid at NOVA is available at www.nvcc.edu/financialaid/apply/index.html.

File Your 2017-2018 FAFSA Now!!

You can file your FAFSA for next fall NOW…no need to wait to begin your financial aid application process!! You can file now using your 2015 tax information again. The online FAFSA at fafsa.gov will guide you through the application; click on the “Start A New FAFSA” button on the home page, and follow the directions on the screen. Below are tips to help you along the way:

  • Submit a 2017-2018 FAFSA now, 3 months earlier than usual. The new start date is October 1, 2016 (rather than January 1, 2017). The earlier filing date is a permanent change, thus allowing students to complete and submit a FAFSA as early as October 1 each year.
  • The 2017–18 FAFSA, will use 2015 tax information again. The use of one-year older tax information is another change. For one time only, the same tax information is used for two years, 2016-2017 and 2017-2018, if income earners are the same.
  • The FAFSA asks for information about you (your name, date of birth, address, etc.) and about your financial situation. You may be eligible to have your tax information imported automatically from the IRS into your FAFSA. Doing so for both years will help prevent conflicting information and lessen the chances of your having to provide income figures through the verification process.

 

If you have any questions, please feel free to contact the Financial Aid Support Center at: https://mysupport.nvcc.edu or call us at: 1-855-323-3199.