Welcome Back Reminders from the Financial Aid Team

Read the Latest Financial Aid Newsletter

Check out the latest issue of Greenback, our Financial Aid newsletter. This issue: Financial Aid Verification Just Became Easier, Free Financial Coaching, Ineligible Classes, Cash Contest updates, and more. This newsletter is designed to help students and staff members stay up-to-date on the latest and greatest in the world of financial aid.

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Financial Aid Course Audit: Be Proactive!

The goal of financial aid is to assist students in achieving degree, certificate or CSC comple­tion. Students who receive financial aid must be working toward completion by taking courses required for their chosen programs of study at NOVA. Only required courses will be covered by financial aid for otherwise eligible students.

Taking classes outside the program of study, withdrawing from or failing to successfully com­plete classes and/or changing programs of study can exhaust the limited Pell Grant and loans avail­able to you before you are able to complete, especially if you are planning to complete a four-year degree

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NOVA Partners with Inceptia for Default Prevention

You’re not alone when it comes to student loans. NOVA has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia’s friendly customer representatives may reach out to you if your loan(s) become delinquent.

Inceptia is not a collection agency. We’ve partnered with them to help you explore a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Inceptia will stay in touch with you via phone calls, letters, and/or emails to help you find answers to your questions and solutions to your issues.

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Bookstore Purchases via Financial Aid

Beginning Monday, August 7, 2017, students with enough financial aid to cover tuition and fees plus books could use their approved financial aid awards to purchase books and supplies or rent books for the fall 2017 term at any campus bookstore. The last date to use financial aid for the first book purchase period is Thursday, September 7, 2017. Students who are enrolled in 12 or 10-week dynamic classes should purchase their books as soon as possible as their classes begin after the initial book purchase period. A second book purchase period opens, mid-term, for the second 8-week classes for those students who still have anticipated aid.

Before you use your financial aid for campus bookstore purchases, you check the list below.

  • Are you enrolled in classes?
  • Do you have an approved Financial Aid award large enough to cover tuition, fees and books?
  • Do you have a NOVACard with your student ID number displayed on the front?
  • Is your account free of holds?

If the answer to any of the above is “no”, then you should immediately check your MyNOVA Account and consult your local campus.

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2017-17 Scholarships Fall Cycle

The on-line scholarship application will be active and accepting new scholarship applications for 2017-2018 fall cycle. Be sure to apply, even if you have applied during previous terms, be sure to update your application.

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Return of Title IV Financial Aid Funds Policy

Students receiving financial aid who withdraw or stop attending will, in most cases, be required to return a portion of financial aid received.   For Title IV purposes, the last date of attendance is one of the following: the date the formal withdrawal process begins, the date the student otherwise gives official notice of intent to withdraw (i.e., letter, phone call, e-mail, in-person), the mid-point of the term, or the last documented date of attendance in an academically-related activity (i.e., documented attendance in a class or lab or submission of an assignment in a video course). If a student attends through 60 percent of the term, all Title IV aid is considered earned.

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