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About NSU Financial Aid

Welcome to NSU's Office of Student Financial Assistance (OSFA)! Here you will find everything you need to know about student financial aid, including how to apply, financial aid deadlines, and types of aid available to graduate and undergraduate students, including Florida student financial aid. Our office administers federal, state, and university financial aid programs such as grants, loans, scholarships, and veterans benefits. Please take a moment to explore our site!

News and Announcements  

Winter Loan Refunds to be Processed Beginning January 3, 2022

If the total amount of your financial aid award for the winter semester exceeds the institutional charges on your NSU student account, you may receive a financial aid refund. NSU will begin processing student loan refunds (direct deposit or checks) for the Winter 2022 semester beginning January 3, 2022, as the university is closed December 24, 2021, through January 2, 2022.

  • To verify existing direct deposit information on file or to set up a new authorization for direct deposit, visit our Direct Deposit webpage for instructions. Direct Deposit information entered after December 31, 2021, may not be processed in time for December 27, 2021, disbursements.

  • Eligible students who have signed up for direct deposit, may expect their student loan refunds to become available in their bank account within 3 to 5 business days after January 3, 2022.

  • Eligible students who have not signed up for direct deposit should allow 5 to 10 business days after January 3, 2022, to receive their paper refund checks in the mail.

  •  Refunds for undergraduate students with financial aid packages that include both loans and scholarships/grants, will be processed beginning January 10, 2022, since scholarships and grants disburse after the drop/add period is complete.

Important:  Refunds can only be processed for students who have an active mailing address on file. You may verify your address to make sure it is current and make any necessary updates, by logging into SharkLink and clicking on “View My Profile” on the home page.

 Visit our website for more information on financial aid refunds.

 


File the 2022-23 FAFSA Beginning October 1, 2021

The 2022-2023 Free Application for Federal Student Aid (FAFSA) is available at studentaid.gov and in the myStudentAid app. The FAFSA determines your eligibility for grants, scholarships, loans, and work-study programs and is the essential first step in receiving financial aid from federal, state, and private sources. The Office of Student Financial Assistance encourages you to file your FAFSA as soon as it becomes available on October 1 each year: 

  • The sooner you apply, the better chance you have of receiving the maximum amount of funds .

  • Completing the FAFSA early will allow you to plan more efficiently.

  • Many scholarships require you to complete a FAFSA.

New Filer? Get a Head Start by Creating Your FSA ID

If you will be filing the FAFSA for the first time, you can get a head start by creating your FSA ID ahead of time. The FSA ID is a username and password combination that gives you access to Federal Student Aid's online systems. It can also serve as your legal signature. If you don’t have an FSA ID by the time you fill out your FAFSA, you will be prompted to apply for one, but it may take one to three days before you receive it. Get a head start on that process today by creating one here 

Returning Filer? Changes to the 2022-23 FAFSA include:
  • You will use your (your parents') 2020 federal tax return information.

  • Visual updates and ability to select your specific role (e.g., student or parent) 

  • Drug convictions and selective service registration no longer affect eligibility

Don't miss out by filing late! File as soon as possible at studentaid.gov.

NSU Federal School Code: 001509

Tips:

  • Have your FSA ID handy before you begin.

  • Use your legal name as it appears on your Social Security Card! Any deviation from that name will cause your FAFSA to be rejected.

  • Don't rush! Any type of mistake, even an innocent typo, will cause a delay in processing. Take advantage of the helpful tips and read questions, instructions, and definitions carefully.
     
  • Whenever possible, use the the IRS Data Retrieval Tool (DRT) to automatically import information from the federal tax return into your FAFSA. That makes filing not only faster, but also more accurate. 

  • You can also complete the FAFSA using the myStudentAid app, available on the App Store (iOS) or on Google Play (Android).

 


NSU to Begin Distribution of Third Round of Emergency Financial Aid Grants under HEERF (posted August 17, 2021)

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 appropriating approximately $39.6 billion in new funding for the Higher Education Emergency Relief Fund (HEERF). This appropriation represents the third stream of federal funding for higher education institutions and students in response to the coronavirus pandemic.

Each of the three appropriations (the Coronavirus Aid, Relief, and Economic Security Act—CARES Act/ HEERF I; the Coronavirus Response and Relief Supplemental Appropriations Act—CRRSAA/HEERF II; and the American Rescue Plan Act—ARP/HEERF III) have differed in amounts and guidelines that regulate distribution of funds to students. HEERF III funds are to be distributed to students enrolled during the COVID-19 national emergency who have exceptional need. Students who have faced significant unexpected expenses either for themselves or that would affect their financial circumstances (such as the loss of employment, reduced income, or food or housing insecurity), regardless of whether they completed a FAFSA or are recipients of Title IV aid, may be eligible.  Furthermore, the Department of Education encourages institutions to prioritize domestic students, especially undergraduates, in allocating this funding.

Accordingly, NSU’s HEERF III process is outlined below:

For additional information, please refer to the HEERF III FAQ page. 

PRIORITY I:

Undergraduate students enrolled in the Fall 2021 semester with exceptional need demonstrated through a Pell-Grant eligible Expected Family Contribution (EFC) are awarded $1,700 in financial aid emergency grant funding. Students in this group are awarded automatically and do not need to apply. However, students are asked to complete a form to indicate how they wish for their funds to be disbursed no later than 5 p.m. on September 27, 2021. Students who do not submit the form by this deadline will have their awards canceled. 

Student population: Undergraduate students with a Pell Grant-eligible EFC (2021-22 FAFSA)

Eligible EFC: $0 to $5,846

Application: Not required but must complete form indicating how funds are to be disbursed

Notification: Via NSU email

Award Amount: $1,700

PRIORITY II:  

Graduate and professional students enrolled in the Fall 2021 semester with exceptional need demonstrated through a $0 Expected Family Contribution (EFC) are awarded $1,000 in financial aid emergency grant funding. Students in this group are awarded automatically and do not need to apply. However, students are asked to complete a form to indicate how they wish for their funds to be disbursed no later than 5 p.m. on September 27, 2021. Students who do not submit the form by this deadline will have their awards canceled. 

Student population: Graduate and professional students with a $0 EFC (2021-22 FAFSA)

Eligible EFC: $0

Application: Not required but must complete form indicating how funds are to be disbursed

Notification: Via NSU email

Award Amount: $1,000 

PRIORITY III:

Undergraduate domestic students enrolled in the Fall 2021 semester who have faced significant unexpected expenses either for themselves or that would affect their financial circumstances (such as the loss of employment, reduced income, or food or housing insecurity), regardless of whether they completed a FAFSA or are eligible for Title IV aid, may be awarded up to $500 in financial aid emergency grant funding. As funding is limited, students must apply. Emergency financial aid grants will be awarded on a first-come, first served basis until funding has been depleted.

Student population: Undergraduate domestic students who have faced significant unexpected expenses due to COVID-19, regardless of EFC or FAFSA

Eligible EFC: any EFC; FAFSA not required

Application: Scheduled to be open from Monday, September 20, 2021, to Thursday, September 30, 2021. To allow students more time to apply, the application was reopened on October 14, 2021, and is scheduled to close November 19, 2021.

Notification: Via NSU Email

Award Amount: $500

Limited Funding, awarded on a first-come, first served basis.

   

Other Announcements

 

The Fall 2021 Dollar$ and $ense newsletter is now available, which includes updates on 2022 commencement, your NSU SharkCard, important deadlines, and more! For questions, email us at dollarsandsense@nova.edu. 

 

  

On December 27, 2020, the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was signed into law authorizing the Higher Education Emergency Relief Fund II (HEERF II). In total, the CRRSAA authorized $81.88 billion in support for education, in addition to the $30.75 billion that had been provided to colleges and universities through the Coronavirus Aid, Recovery, and Economic Security (CARES) Act in the spring of 2020.  As a result, NSU has received additional federal funding to make financial aid grants available to students with exceptional need. 

Eligibility: Federal regulations stipulate that priority is to be given to students with demonstrated exceptional need. NSU will be distributing grants in the amount of $1,500 to students on a first come, first served basis who meet the following criteria:

  • Student must be eligible for Title IV funds and enrolled in the winter/spring 2021 semester/term.

  • Student must have an Expected Family Contribution (EFC) of $0 based on submission of a 2020-21 Free Application for Federal Student Aid (FAFSA).

  •  Priority will be given to those students who have not previously received emergency grant funding through the Federal CARES Act at NSU or who have received less than $1,500 in Federal CARES Act funding.

  • The student must apply funding toward components of the cost of attendance budget which include tuition, student fees, books & supplies, room & board, transportation, personal, healthcare (including mental health), childcare, and/or toward emergency costs related to COVID-19.

  • Student must submit an NSU Application for Emergency Grant Funding.

  • IMPORTANT: Students with exceptional need ($0 EFC based on the 2020-21 FAFSA) enrolled in the winter/spring 2021 semester/term will be invited to apply for a grant in the amount of $1,500. Students may not forward or share the link with others as it is specific to them. Students must monitor their NSU email for additional information. 
  • The application will be available to eligible students beginning March 1 through March 8, 2021.

  • Funds will begin to be disbursed in mid-March.

  • Students will be notified of the outcome of their application by NSU email.

 International students are ineligible for HEERF II Funding. 

Should the federal government pass new legislation for a third stimulus package, including additional funding for emergency financial aid grants to students, the Office of Student Financial Assistance will notify students accordingly.

The Office of the University Bursar is pleased to announce that students may now set up direct deposit for financial aid and tuition refunds online in SharkLink. Prior to this enhancement, students had to submit a paper form.

If you already have a direct deposit authorization on file, no action is required, unless you would like to make changes to your existing banking information.

Follow the steps below to access the direct deposit authorization:

  • Log in to SharkLink.
  • Click on “My Account” and locate the “Additional Bursar’s Resources” section in the lower left corner.
  • Click on “Sign Up for Direct Deposit.”

Direct deposit is an expedient and safe way to receive any applicable refunds to your checking account. If you are eligible for a financial aid or tuition refund and have no direct deposit authorization on file, your refund will be issued to you in the form of a check mailed to your preferred address in SharkLink. If payment was made by credit card or gift card, any refund you may be entitled to will be added back to the card used to make the payment. Therefore, students are advised to retain any gift cards used to make payments. For more information about direct deposit, visit the direct deposit webpage.

Paper Direct Deposit Authorizations will no longer be accepted and processed.

In response to the COVID-19 pandemic, NSU awarded a total of $3.6 million to students in need. NSU received and awarded all of the approximately $3.5 million from the Higher Education Emergency Relief Fund under the Federal CARES Act for emergency financial aid grants to students. In order to be considered eligible, students had to meet the following criteria:

  • have incurred expenses as a direct result of a disruption in campus operations due to COVID-19; and
  • be enrolled in the 2020 Winter semester/term; and
  • be eligible to file a 2019-2020 FAFSA; and
  • be enrolled in at least one ground-based (face-to-face) course on or before March 13, 2020 (date of President Trump’s Proclamation of a National Emergency for the COVID-19 outbreak).

On April 28, 2020, the university sent an email to the 19,527 students enrolled in the Winter 2020 semester/term announcing that the application for emergency relief was open. Students had the opportunity to apply for emergency relief through the Federal CARES Act or the NSU COVID-19 Student Support Fund from April 28, to May 31, 2020. The NSU COVID-19 Student Support Fund was established to supplement Federal CARES Act funding, as many NSU students did not meet the eligibility requirements for federal funding.  Financial aid grants of up to $3,000 each were awarded to a total 1,543 students under the Federal CARES Act. 

Through the university’s fundraising efforts, an additional 79 students were awarded funding totaling more than $36,817.53 from the NSU COVID-19 Student Support Fund.

Should the federal government pass new legislation for a second stimulus package including additional funding for emergency financial aid grants to students, NSU will give priority consideration to students who previously submitted an application for Federal CARES Act funding but could not be considered due to limited funding.

To view NSU’s federal reporting requirements for receipt of funds for emergency financial aid grants to students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, click here.

Students who are expecting a refund from their financial aid disbursement may submit an online emergency loan application.

Gold Circle Emergency Loan Application for Non-HPD Students: This application is available to non-Health Professions Division (HPD) students whose financial aid file is complete for the period in which the loan is being requested. The loan limit has been increased to $1,500, and the five percent processing fee has been waived due to the Coronavirus pandemic.  To view additional eligibility requirements and to access the online application, visit https://www.nova.edu/financialaid/forms/index.html and select the appropriate form from the drop down menu. Gold Circle Emergency applications will be reviewed no earlier than three weeks before the first day of classes for the semester/term the loan is being requested.

HPD Pre-Loan Application:  This application is only available to Health Professions Division (HPD) students whose financial aid file is complete for the period in which the loan is being requested. The loan limit is $2,000, and the processing fee has been waived due to the Coronavirus pandemic.  To view additional eligibility requirements and to access the online application, visit https://www.nova.edu/financialaid/forms/index.html and select the appropriate form from the drop down menu. HPD Pre-Loan applications will be reviewed no earlier than five weeks before the first day of classes for the semester/term the loan is being requested.

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