The Greenback is the College Financial Aid Office’s quarterly newsletter.
Financial Aid Newsletter – March 2016 GREENBACK
Check out the latest issue of The Financial Aid GREENBACK, our quarterly Financial Aid newsletter. This issue: Highpoint Academic Planning & Financial Aid, Message Center Update, 2017-2018 FAFSA Changes, Summer 2016 Aid, CashCourse Contest, the Inceptia Default Prevention Partnership, 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.
The Student Information System (SIS) within MyNOVA has a new feature to increase communications between students and the College Financial Aid Office (CFAO). The “Message Center” allows the financial aid office to provide direct communications to financial aid applicants. These messages will range from updates on the application processing cycle to important actions students need to take to keep their applications moving.
Accessing the Message Center is quite simple. Within the SIS, use the following Navigation: Main Menu > Self Service> Student Center > Click on the Message Center hyperlink (in the Student Communication Center). Once you have accessed the Message Center, you will be able to view received messages which can be read via hyperlink. Students will have the ability to archive old messages, yet still have the ability to access archived messages at a later date as well.
The College Financial Aid Office will be using the message center to give students increased awareness of the financial aid application process and other important information. Messages are pertinent for the student and applicable to the student’s financial aid application. Be sure to log in and access the message center today. For additional information and screenshots, click here. – Message Center – Student View
Reprinted from Dept. of Education at: https://studentaid.ed.gov/sa/about/announcements/fafsa-changes
On Sept. 14, 2015, President Obama announced significant changes to the Free Application for Federal Student Aid (FAFSA®) process that will impact millions of students. Starting next year, students will be able to do the following:
If you’d like more details about the upcoming changes, you may read the following informational pieces from the U.S. Department of Education.
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.
NOVA’s Financial Literacy Program will be holding Money Management Workshops throughout February and March to discuss strategies college students can use to improve their financial situation. Topics to be covered include budgeting, saving, emergency funds, credit cards, compound interest, credit reports, responsible borrowing, financial aid, student loans, and financial coaching. A few of the Money Management Workshops are scheduled to begin right after some of NOVA’s Free Tax Preparation Workshops end so that students may receive assistance from IRS-certified volunteers with preparing their 2015 tax returns and then stick around to learn about managing their finances.
More details about these events, including the time, date, and location of each workshop, are provided on NOVA’s Financial Literacy Blog. We hope to see you there!
GET YOUR TAXES DONE FOR FREE!
IRS-certified volunteers will help ensure you receive the maximum tax refund and help determine if you are eligible for the earned income tax credit. If you or your family earned less than $54,000 in 2015, you may qualify for this free service. See the NOVA Tax Prep Flyer for additional information.
Financial Aid Newsletter – GREENBACK
Check out the latest issue of The Financial Aid GREENBACK, our quarterly Financial Aid newsletter. This issue: Default Prevention/Responsible Borrowing, CashCourse Contest winners selected, the New Financial Avenue, financial literacy tool, 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.
Approximately 6,000 students nationwide who borrowed subsidized Stafford loans for the first time after July 1, 2013 should expect to hear from their loan servicers very soon because they have not completed their degree or certificate after attending college for over 150% of the published length of their program. These students will start accruing interest on their subsidized Stafford loans and in some cases the subsidy loss will be applied retroactively which could increase their monthly loan payment if they have already begun repayment. Information about the 150% subsidized loan limit is available here and additional details about the subsidy loss that is occurring this week can be found here. Students should contact their loan servicers if they have any questions about this. Students may view their loan histories and look up contact information for their loan servicers by logging into the “My Federal Student Aid” portal at www.studentaid.ed.gov.”
Financial Aid Newsletter – GREENBACK
Check out the latest issue of The Financial Aid GREENBACK, our quarterly Financial Aid newsletter. This issue: Department of Ed partners with NOVA, Win $100 in CashCourse Contest, the New Financial Aid & Student Accounts Support Center, 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.
Are you thinking about pursuing a career in a public service at a non-profit organization or are you currently working at a non-profit organization? If so, and if you have borrowed federal student loans you should definitely know about the Public Service Loan Forgiveness program. After working full-time for at least 10 years at a public service organization while making at least 120 qualifying monthly loan payments after October 1, 2007 the remaining balance of your Federal Direct student loans may potentially be forgiven. Read more about the Public Service Loan Forgiveness program here.