2016-2017 Terms and Conditions of Your Financial Aid Award
2017-2018 TERMS AND CONDITIONS OF YOUR FINANCIAL AID AWARD
Your NSU Financial Aid Award lists all awards that you are currently eligible to receive.
Depending on your eligibility, your award may consist of various types of financial aid from multiple sources, including some aid that will have to be repaid with interest, such as loans, and some that doesn’t, such as scholarships and grants.
1. Read and understand the terms and conditions of your financial aid award each aid year!
It is important that you educate yourself on each source of funding, your associated obligations--such as repayment for loans, and meeting of Satisfactory Academic Progress for all federal and state aid programs--and renewal requirements.
All this important information is summarized in the Terms and Conditions of Your Financial Aid Award. The Terms and Conditions are updated on an annual basis, based on changes to financial aid programs, federal and state funding, and institutional guidelines.
Terms and Conditions of Your Financial Aid Award
2. You must accept, reduce, or decline your loan(s) and Federal Work-Study awards and fulfill all loan requirements before your financial aid can be credited to your student account.
Your award notice will provide you with detailed instructions on how to accept, reduce, or decline your award(s) in SharkLink.
3. Award amounts depend on your enrollment status.
Awards issued prior to your add/drop date for the semester are based on the cost of attendance for full-time enrollment status. This means that your awards may have to be adjusted for your actual enrollment, if you do not attend full time.
How many credits you need to be eligible for financial aid depends on the type of financial aid you are looking to receive. The grid below provides some general guidance, however, for more details, you should carefully review the Terms and Conditions of Your Financial Aid Award:
1 - 12 or more financial aid eligible credits*
Florida Resident Access Grant (FRAG)
12 or more financial aid eligible credits
(9 credits for nursing students)
Florida Student Assistance Grant (FSAG)
Florida Bright Futures Award
6 or more financial aid eligible credits
NSU Dean's Scholarship
Federal Supplemental Educational Opportunity Grant (FSEOG)
1 or more financial aid eligible credit
Federal Direct Subsidized and
Direct PLUS Loans
Varies ~ Usually 12 or more financial
aid eligible credits for undergraduates and 6
or more credits for graduates
1 - 12 or more financial aid eligible credits
*The grant amount is prorated when you enroll less than full time.
** Half-time enrollment is defined as 6 credits per semester for all undergraduate students. For graduate and first professional students, half-time status varies by program.
4. If you received aid for classes you later drop or withdraw from, you may be required to return unearned funds.
If you do not complete at least one course within an academic semester for which you have received financial aid, you will be reviewed for a Return of Title IV Funds calculation.
As a general rule of thumb, it is always a good idea to consult your academic advisor and a financial aid counselor before you make adjustments to your schedule. Dropping a class may lead to the following unwelcome surprises:
For more information on your obligations under the Return of Title IV Funds policies, visit our Return of Title IV Funds page.
5. You must check your NSU email and financial aid account frequently
NSU email (SharkLink) and WebSTAR are the official means that the Office of Student Financial Assistance will use to communicate with you. We cannot stress enough how important it is for you to regularly check on your financial aid status and read emails sent to you from Enrollment and Student Services (ESS). You may receive notifications about outstanding requirements that are preventing your funds from being disbursed or about changes in your eligibility, university and/ or federal and state funding.