All posts by Clint Young

Helpful Tips to Manage Your Student Loans

If you have a student loan or would like to learn more about managing your finances, you may want to check out Nelnet’s “Live Life Smart Guide“.  It includes helpful tips to manage your student loans and insight on several topics such as:

  • Setting Financial Goals
  • Strategies to Save Money
  • Credit Card Tips
  • Avoiding Identity Theft
  • Loan Repayment
  • Default Management
  • Contacting Your Servicer
  • Exit Counseling

Additional information can also be found on NOVA’s Financial Literacy blog at

Do You Still Have a Financial Aid Pending (FAP) on Your Account?

If you still have a Financial Aid Pending (FAP) hold on your account, you probably have not completed the financial aid process or your anticipated financial aid is not enough to cover your balance.  If so:

  • Please review your myNOVA To Do List and submit any items that may have been requested.
  • If you were already awarded, please review your anticipated aid based on your current enrollment and pay any balance that is not covered by financial aid. Instructions for viewing anticipated financial aid are available here.
  • If you are using a Direct Loan to cover your balance, remember to accept the amount you wish to borrow for Fall 2018 and Spring 2019 on myNOVA and complete the Entrance Counseling and Master Promissory Note at The amount accepted will be evenly divided between the fall and spring semesters and a nominal loan fee will be deducted before funds are applied toward your account.  Instructions for accepting a loan are available here.

To prevent classes from potentially dropping for non-payment, students must be awarded enough anticipated financial aid to cover their balance or they must make other payment arrangements before the Financial Aid Pending (FAP) hold on their account expires.

As a reminder, you should attend all classes for which you are registered, whether aid has been awarded or not.  If you do not wish to take a particular class, you should drop it on myNOVA before the census date to avoid being charged for it.

If you have any questions, please contact the 24 Hour Student Support Center at 1-855-323-3199 or visit

Financial Aid Newsletter – August 2018 Greenback

Check out the August 2018 Greenback, the latest issue of NOVA’s financial aid newsletter. This issue features information on:

  • New Admission, Records, & Registration Services
  • 24 Hour Student Support Center
  • Preparing for Fall 2018
  • 15-Minute Financial Aid Video Playlist
  • $500 CashContest
  • Viewing Anticipated Aid
  • Managing Student Loan Debt
  • Fall Scholarships
  • Satisfactory Academic Progress (SAP) Reminders
  • 2018-2019 Financial Aid Handbook
  • Fall 2018 Bookstore Purchase Periods

The Greenback newsletter is designed to provide students and staff members with a concise summary of current financial aid topics.

24 Hour Student Support Center Adds Admission, Registration, and Records Services

The 24 Hour Student Support Center has expanded its services!  In addition to responding to financial aid and student account inquires, the Support Center can now provide assistance with questions related to admission, registration, and records.  By calling 855-323-3199 you can receive 24/7 live assistance from knowledgeable agents on topics such as registration, transcripts, class scheduling, prerequisites, preparatory coursework, the admission application, financial aid and student accounts.  You also have the option to:

When contacting the Support Center you can expect to receive excellent customer service from professional, courteous agents who can answer most of your questions.  Approximately 90% of inquiries are addressed immediately and the rest are responded to within 1-3 business days if additional research or escalation is required.

For more information, please visit or give us a call at 855-323-3199.  We look forward to hearing from you soon!


Federal Student Aid websites will experience a scheduled outage from August 3-6, 2018.

Federal Student Aid websites including and will experience a scheduled outage from August 3-6, 2018 while the Department of Education upgrades its systems.  We encourage you to obtain an FSA ID and finish submitting your 2018-2019 FAFSA (including any necessary corrections) if you have not already done so, before August 3, 2018. 

Financial Aid Newsletter – April 2018 Greenback

Check out the April 2018 Greenback, the latest issue of NOVA’s financial aid newsletter. This issue features information on:

  • Second Pell Grants for Summer
  • Preparing for Fall 2018
  • Viewing Anticipated Aid
  • Limits on Subsidized Loans
  • $500 CashContest
  • Avoiding Scams
  • Submitting Documents to the Financial Aid Office
  • Reminders About Attending Two Colleges During the Same Year
  • Scholarships for Dreamers
  • Getting IRS Transcripts Online
  • Satisfactory Academic Progress (SAP) Reminders
  • Summer 2018 Bookstore Purchase Periods

The Greenback newsletter is designed to provide students and staff members with a concise summary of current financial aid topics.

NVCC Summer 2018 Payment Plan

NVCC Current and Prospective Students,

Below is the elaborate payment plan designated for 2018 Summer Semester enrollments. Please read it carefully, as it contains instructions, critical dates and deadlines, payment options, fees, and other FAQs.

Steps to Enroll:

  • Once you have enrolled in classes;
  • Go to;
  • Logon to My NOVA. Select VCCS SIS;
  • Select Self Service;
  • Select Student Center;
  • Select Apply Payment Plan (under finances; my account);
  • Select Apply Payment Plan (located next to Total Due); this will take you to the Payment Plan site at
  • Select a Payment Plan option; complete required information.
  • Select payer billing preference; Create an account at TMS
  • Accept terms and conditions.
  • Sign up for automatic monthly payments.
  • Pay the enrollment fee and down payment. You MUST pay the enrollment fee and down payment to activate your account to hold your classes.

Payment Methods:

  • Automatic Bank Payment (ACH)
  • Credit Card/Debit Card – Discover, MasterCard, American Express, and Visa.

Monthly payments are processed on the 16th (New Monthly Payment Date) of the month. If a credit card or debit card is used, a convenience fee of 2.5% will be added to each transaction.

Payment Options:

 Summer 2018      Plans Available Beginning 03/27/2018

Last Day to Enroll Online Required Deposit  and Fee Number of Payments Months of Payments Enrollment Fee
4/16/18 25% Deposit + 3 May-July $35
5/16/18 50% Deposit + 2 June-July $40

Last day to increase your payment plan account is 5/16/18 by 4:00p.m.

Last day to withdraw from the payment plan is 5/22/18 for the first deposit.

Payment plans may be cancelled immediately or by 5/23/18 for delinquent accounts.

Last day to decrease the payment plan is 7/23/18 by 4:00p.m. prior to second deposit

Fall 2018         Plan Dates Coming Soon!

Classes added after the last date to increase, need to be paid to the College by 5:00PM the next business day by another payment method or you may be dropped from your classes.




NOVA and Tuition Management Systems (TMS-payment plan vendor) announce the Summer 2018 payment plan dates. Please read the information below carefully. 

Important Plan Information

It is the responsibility of each student in the plan to make sure their payment plan covers their enrollment to avoid being dropped from classes.

  • Automatic changes may occur to update your TMS account.
  • Students or payers can call directly to TMS 6 days before the next payment due date to request a monthly payment adjustment based on enrollment changes.  All changes require 1 day for school approval, as well as, TMS requires 5 days for processing.
  • If a payment is returned, there is a $30.00 return fee charged by TMS.
  • Students or payers will be notified by TMS of returned/missed payments. Payments must be current or the plan account may be cancelled by TMS.
  • If your payment plan is cancelled, you will be required to re-enroll and pay a new enrollment fee and another down payment.
  • Keep all deadlines in mind when planning for your tuition expenses.

All payment plan participants are reminded to closely monitor your payment plan account, your College enrollment, and your College e-mail for notification from TMS or NOVA. Deadlines for canceling a plan account, making changes that affect the next payment, and other important dates and deadlines CANNOT be adjusted or changed. Please do not assume that your account with TMS will be automatically adjusted if Financial Aid is received.

On the 12 week and 2nd 6 week CENSUS DATE, (the last day to drop classes with a refund) you may be dropped from classes that are not covered by your TMS payment plan.  Only the payer (responsible party) will receive change notices from TMS.  In some cases, this could be a parent or relative, not necessarily the student.


For any questions about setting up your payment plan account, or to request changes, students or payers should call TMS at 800-337-0291.


2017 Tax Year – Federal Tax Benefits for Higher Education

Check out the information provided below from the National Association of Student Financial Aid Administrators (NASFAA) regarding tax benefits for higher education.

The federal government provides a number of tax incentives that can help lower the cost of higher education. These incentives include:

  • Tax credits directly reduce the amount of tax you pay.
  • Tax deductions reduce the amount of your income that is taxed.

You may qualify for more than one of these incentives, but there are some restrictions. It’s a good idea to calculate your taxes multiple ways to find the maximum benefits available to you. For more information, on any of these benefits, refer to IRS Publication 970 or consult a qualified tax advisor.