Tag Archives: FAFSA

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 nvcc.edu;
  • 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 afford.com
  • 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.

 

 

PAYMENT PLAN INFORMATION

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.
  • TMS WILL NOT MAKE ANY RE-ATTEMPTS TO COLLECT RETURNED PAYMENTS.
  • 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.

 

2018 – 2019 Free Application for Federal Student Aid (FAFSA)

The 2018-2019 Free Application for Federal Student Aid (FAFSA) will be available October 1, 2017 for students wishing to attend NOVA for the next academic school year starting Fall Term, 2018. Complete the FAFSA now at FAFSA.Ed.Gov.

File your FAFSA!
Students/parents have two options available when filing:
• Using the IRS Data Retrieval Tool (DRT) within the FAFSA to pull in their 2016 tax information (IRS DRT is available again for 2018-2019.); or
• Using the student’s/spouse’s or student’s/parents’ 2016 tax return information to key in the FAFSA financial information sections.

GETTING STARTED:
The key to accessing the greatest amount of available federal, state, and institutional grants and loans is to apply early. To get started, you will need to obtain an FSA ID to sign online at FSAID.Ed.Gov. (If you are a dependent student, a parent will need a separate FSA ID as well.)

Complete the Free Application for Federal Student Aid (FAFSA).
• This is an online process at FAFSA.Ed.Gov
• Our school code is 003727.
• Complete the 2018-2019 FAFSA (with 2016 tax info & IRS DRT) if you are planning to attend in Fall 2018, Spring 2019, or Summer 2019.

When NOVA financial aid receives your information, we will notify you if additional information is needed and/or send your award letter. Roughly 1/3 of our students are selected for verification—proving the information on the FAFSA–and must send additional documentation. Using IRS DRT greatly reduces that possibility.
While the primary responsibility of paying for a college education lies with the student and his or her family, we are available to assist you with accessing all financial assistance possible to offset the costs of a college education. All students attending Northern Virginia Community College (NOVA) are required to maintain satisfactory academic progress in order to remain eligible for financial assistance. Students are required to be familiar with the Satisfactory Academic Progress (SAP) Policy.

Additional Information:
FSA ID Website | FSA ID Resources – NOVA School Code: 003727
Direct Loan: Accepting Your Student Loans – Entrance Counseling, Master Promissory Note for Direct Loans
StudentLoans.gov – Website for Entrance/Exit Counseling and Master Promissory Note
It’s that simple! Many questions about financial aid and the admissions process can be answered by reviewing our Frequently Asked Questions.

Video Training Links from StudentAid.gov:
Overview of the Financial Aid Process (1:48)
FAFSA Overview (2:32)
Understanding the FAFSA (1:16)
FAFSA: Determining Your Dependency Status (3:20)
Responsible Student Loan Borrowing (2:19)

Note:
A business that charges for the FAFSA looks very much like it is from the Department of Education.  The correct site is www.FAFSA.gov.  NEVER pay to file the FAFSA or pay a consultant!!  The process is free!!

If at any time, you have questions, please feel free to contact our Financial Aid Support Center at (855) 323-3199, or online at: https://mysupport.nvcc.edu

 

Financial Aid Newsletter – Greenback (December 2016)

Financial Aid Newsletter – Greenback_DEC-16_FINAL

Check out the latest issue of The Financial Aid Greenback, our quarterly Financial Aid newsletter. This issue: Manage your educational borrowing, FAFSA Filing Update, Scholarship information, Essay Tips, 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.

New FSA Videos on Youtube for Financial Aid Assistance

Navigating the FAFSA:

Federal Student Aid published a new video to their YouTube channel:  https://www.youtube.com/watch?v=QdaGZASwjZU

This 6 minute video contains helpful information for parents of Free Application for Federal Student Aid (FAFSA) applicants. It helps parents navigate the FAFSA process:  from logging in, to filling out and to signing their child’s FAFSA using their FSA ID.

 

Creating an FSA ID:

For information on creating an FSA ID, FSA has a video with detailed instructions on how to create an FSA ID: https://www.youtube.com/watch?v=lLi0q7hkFns

 

Please review these videos and share them with students and parents on campus, at high school night or SDV presentations, in your offices and anywhere else it could be seen.

FSA ID Resources

To further assist you in your outreach, particularly with the 2016–17 FAFSA application, we have attached a number of FSA ID resources for your use:

Additional Resources

FSA ID website: https://fsaid.ed.gov

FSA ID Q&A: https://fsaid.ed.gov/npas/pub/faq.htm

2014 Federal Income Tax Return Transcripts available via Get Transcript early in the 2015 tax filing season

Although the IRS Data Retrieval Tool (DRT) is still the preferred method for providing tax information when completing the FAFSA, accessing a real-time tax transcript at www.irs.gov/transcript will simplify the process of obtaining a Tax Return Transcript for those filers who are not eligible to use the IRS Data Retrieval Tool. Electronic tax filers should have access to a transcript two weeks after taxes are filed, starting about the end of February.

Federal tax filers will be required to provide authentication prior to viewing and printing their Tax Return Transcripts. Get Transcript provides:

  • Individual/joint-filer transcripts
  • All available transcript types and/or

Letters of Non-Filing

  • Taxpayer authentication
  • Immediate display of transcript via PDF; users can view, print, and save the file

Get Transcript will alleviate the need to visit the IRS Office in person or request a transcript via mail; the filer will simply go to www.irs.gov/transcript. After user authentication, students or parents will provide the reason for the request, select the year(s), type(s) of information requested, and other requested information, and the document will be displayed in a printable format.

In preparation for completing the FAFSA, families are encouraged to file their taxes electronically and to do so as early as possible to meet all financial aid priority deadlines.

New FSA ID to Replace the Federal Student Aid PIN

In spring 2015, Federal Student Aid (FSA) will implement a new login process for their student and borrower-based websites, including FAFSA on the Web, NSLDS® Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. The new FSA ID, which will be comprised of a userselected username and password, will replace the Federal Student Aid PIN as the process by which students, parents, and borrowers authenticate their identity to access their federal student aid information. The FSA ID will offer new functionality, including a single sign-on process for most of FSA systems.

FSA is making this change to eliminate the need for individuals to enter personal identifiers (Social Security number, name, and date of birth) when accessing Federal Student Aid’s systems. This change is critical to comply with new security requirements and industry best practices.

FSA is working to ensure that the transition from the FSA PIN to the FSA ID is as seamless as possible for customers. Existing users will be able to link their PIN information to the FSA ID. This change will not impact the FSA User ID log-in process that is currently in place for financial aid professionals.

Students will receive additional information regarding this change, which is expected to occur around the end of April, 2015. Please monitor the NOVA Financial Aid website for forthcoming announcements about the transition to the new FSA ID.

Thank you in advance for your support as FSA implements this important change. As always, if questions arise contact the Financial Aid Support Center.