The 2018-2019 FAFSA will be available on October 1, 2017. This application will be used to determine financial aid eligibility for Fall 2018, Spring 2019, and Summer 2019. Check out these helpful financial aid tips summarized in this info graphic as you prepare to apply for financial aid.
All posts by Clint Young
Great Advice for Parents
Check out Inceptia’s “Great Advice for Parents” guide for Fall 2017. It has helpful tips for students as well! Topics include:
- Tax breaks and loan options to pay for college
- Strategies to maximize financial aid eligibility
- Why you should stash cash in a Roth IRA
- Questions to ask before taking out a student loan
IRS Website Update
Attention Students:
The IRS website has been updated, now you can get various Form 1040-series transcript types online or by mail. If you need your prior year Adjusted Gross Income (AGI) to e-file, choose the tax return transcript type when making your request. If you only need to find out how much you owe or verify payments you made within the last 18 months, you can view your tax account.
You could do that by visiting IRS.gov
————Click on the box Get My Tax Record
Option 1: If you would like to retrieve it instantly online, pleasure make sure you have the necessary personal information/records. Login using your IRS Online ID, or Sign Up if you don’t have one.
Easy Access to a New Social Security Card
We have exciting news about a new online service that is available in your state! If you need a replacement Social Security card, you may be able to request it using your personal my Social Security account.
Avoid a trip to the office and waiting in line. Encourage your friends and family to find out whether they can take advantage of this service by visiting www.socialsecurity.gov/ssnumber. We continue to make this service available to other states. Check back often for states added. Remember to use your account to check your Social Security Statement each year to verify your annual earnings and get an estimate of your future benefits. If you currently receive benefits, you can use your account to get a benefit verification letter, check your benefit and payment information, change your address and telephone number, start or change your direct deposit, or get a replacement SSA-1099 or SSA-1042S for your taxes. We hope you take advantage of the many services available through your convenient, secure, and free my Social Security account at: www.socialsecurity.gov/myaccount.
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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.
When it’s time to start repaying your student loans, don’t get stressed. If you’re confused about repayment plans or feel your loans are too impossible to tackle, we’ve got the money knowledge and resources to help. Inceptia may contact you with information about loan repayment options. Until then, get some loan knowledge from the Knowl at MoneyKnowl.org.
Bookstore Purchases via Financial Aid for Spring 2019
Students who wish to purchase books and supplies at a NOVA Bookstore using excess financial aid must complete the Bookstore Authorization e-Form each year on their NOVAConnect “To Do List.” The bookstore purchase period begins on Saturday, 12/29/18 for online purchases and on Wednesday, 1/2/19 for purchases made on campus, and it closes on Monday, 1/28/19. A second bookstore purchase will be available from 3/2/19 – 3/24/19 for students who still have excess aid that has not disbursed.
Before attempting to use your financial aid at a campus bookstore, be sure to review the checklist 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 valid NOVACard?
- Is your account free of holds?
If the answer to any of the above is “no”, please review you NOVAConnect “To Do List” and visit a campus financial aid office or contact the 24 Hour Student Support Center at 1-855-323-3199 if you have any questions.
The Financial Aid Greenback – Our Financial Aid Newsletter
Financial Aid Newsletter – GREENBACK_JUNE_17_FINAL
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.
Win Free Textbooks for a Year!
College Avenue will be doing three random drawings this summer for $1,200 gift cards that can be used to buy textbooks. You may enter the contest at https://www.collegeavestudentloans.com/promos/win-free-books-2017/.
By registering for the contest, you will be opting in to the College Avenue distribution list and you will likely receive emails periodically about paying for college and student loan products. If you are thinking about borrowing a loan for school, only borrow what you absolutely need and can afford to repay! You should also apply for federal student aid and consider federal student loans before private alternative loans. Federal student loans usually have lower interest rates and better repayment terms than private student loans. You may review NOVA’s guide to applying for financial aid at http://www.nvcc.edu/financialaid/apply/index.html. Please contact the Support Center if you have any questions.
Guide to Community Resources
Our friends in the Working Students Success Network have compiled a comprehensive list of community resources for the Northern Virginia area. Information is provided on child care, food, housing, clothing, transportation, employment, medical services, and legal counseling at https://blogs.nvcc.edu/wssn/resources-services/community-resources/. A quick 2-page resource guide is also provided here.
Quick Money Management Tips
Did you miss our Money Management Workshops this spring? If so, and if you’d still like to learn some quick tips on managing your personal finances you may view the presentation here.