Please read the following information carefully and thoroughly before accepting your financial aid award. Accepting the financial aid award offered to you signifies that you have read and agree to comply with all the terms and conditions listed below.
To maintain eligibility for the financial aid in your Financial Aid Award Notice, you must:
Please follow the step-by-step instructions below to access your award and to accept, reduce, or decline all or a portion of the financial aid offered to you:
In addition, you must abide by the terms and conditions of each financial aid program through which you have been awarded:
Florida Grants and Scholarships (Florida Residents Only)
Grants and scholarships are considered "gift-aid" and do not need to be repaid. Provided you remain eligible, these funds will automatically be credited to your student account. You do not need to actively accept these funds in SharkLink. Students (or parents of dependent students) also must provide adequate documentation that they have been legal Florida residents for 12 consecutive months prior to the first day of classes of the semester/term for which assistance is given. For detailed information on Florida aid programs and residency requirements, visit the Florida Department of Education's website.
If you are an undergraduate student and have been awarded a Florida Resident Access Grant (FRAG) or a Florida Student Assistance Grant (FSAG), you must enroll for at least 12 degree-applicable credits each semester/term (9 credits for nursing students) by the end of the drop/add period for the first part of term for each semester/term. Students who enroll less than full-time are not eligible to receive aid from these programs, and their awards will be canceled.
To receive a Florida Bright Futures award, you must enroll for at least 6 degree-applicable credits each semester/term by the end of the drop/add period for the first part of term for each semester. At that time, award amounts will be adjusted based on actual enrollment. Students who drop or withdraw from any classes for which Florida Bright Futures funds were received, must return these funds. Until these funds are returned, students are ineligible to receive any additional Florida state financial aid funds. According to state legislation, students have until the end of the academic year to return unearned funds. However, students should be aware that they will not be able to register for future classes with an outstanding balance.
Institutional Scholarships
Federal Grants
Teacher Education Assistance for College and Higher Education (TEACH) Grant
To be eligible for TEACH Grant funds, you must be enrolled in a TEACH Grant-eligible program in coursework that is necessary to begin a career in teaching or you must plan to complete such coursework. You must also sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach
If you do not complete the service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan.
Federal Loans
Loans are a major source of funding for many students; however, it is important to keep in mind that every dollar you borrow must be repaid with interest. As a general rule, federal student loans usually offer students and parents more favorable conditions than private loans. Before accepting the loan award offered to you, be sure to calculate how much you will need to pay for your educational expenses. To learn about budgeting tips and minimizing your student loan debt by making interest payments while in school, visit the NSU Debt Squad webpages.
Federal Direct Subsidized and Unsubsidized Loans
For a Federal Direct Subsidized Loan, the federal government will pay the interest while you are enrolled at least half-time, for the first six months after you leave school (referred to as a "grace period"), and while the loan is in deferment (a postponement of loan payments). For a Federal Direct Unsubsidized Loan, you are responsible for paying the interest during all periods.
Be enrolled at least half time in degree-applicable coursework. Half-time enrollment is defined as 6 credits per semester/term for all undergraduate students. For graduate and first professional students, half-time status varies by program.
If you are applying for a Direct PLUS for the first time as a graduate or first-professional student or a parent borrower, you or your parent(s) will be required to complete and sign a PLUS MPN that is separate from the one used for Direct Subsidized and Unsubsidized Loans.
Your financial aid award will be credited to your student account at the beginning of each semester/term, provided you have submitted all required information and meet all financial aid general eligibility criteria. Loans are scheduled to disburse seven days prior to the beginning of the semester/term. Institutional scholarships, federal grants, and state grants/scholarships are scheduled to disburse after the end of the registration or drop/add period for your program.
You are encouraged to monitor your student account closely at the beginning of each semester/term to ensure that you have met all financial obligations.
NSU Student Health Insurance: Many NSU students are required to maintain health insurance. The cost for the NSU Student Medical Insurance Plan may have been added to your Financial Aid Award Notice if you are required to maintain coverage. If you are insured under another insurance plan, you must complete an online waiver to avoid being enrolled in and charged for NSU’s plan. Please visit the NSU Student Health Insurance webpage for more information on student health insurance, including access to the online waiver form and the deadline for submitting it.
Check your student account regularly in SharkLink to monitor activity and to determine whether you may anticipate an outstanding balance or a financial aid refund after all financial aid funds have been disbursed.
The Office of Student Financial Assistance is eager to assist you in finding a solution that is right for you.
Anticipating a Refund
If the total amount of your award for the semester/term exceeds your tuition and institutional charges for the semester/term, you may receive a refund check or direct deposit for the excess funds from the Office of the University Bursar. To receive excess funds as a direct deposit to your checking account, please download the Direct Deposit Authorization and submit the completed form to the Office of the University Bursar as directed on the form. Please allow 10 business days for your refund to be issued. Students should make arrangements to pay for living expenses and any other applicable expenses before excess funds are issued. If charges are incurred on your NSU account after this refund is issued, you are expected to use the funds received in this refund to pay your account balance.
Withdrawing from the University
Verification
If your financial aid file is selected for verification, you must submit all required verification documents requested by Enrollment and Student Services (ESS). Funds will not be disbursed until the verification process has been completed. Any discrepancy in the information you provide may cause your award amount(s) to change. You must submit all required documents no later than four weeks prior to the end of the enrollment period for the semester/term in which you are requesting aid. Failure to complete verification by this deadline may result in your ineligibility for aid or cancellation of aid previously offered. Visit our verification page for more information and tips for a successful verification process.
Significant Change in Income/Expenses (Professional Judgment)
The Office of Student Financial Assistance (OSFA) may use Professional Judgment (PJ) to take into account a student's special circumstances to make adjustments to his or her (or his or her parent's) Expected Family Contribution (EFC) for educational expenses, standard budget, and/or financial aid dependency status to increase a student's eligibility for certain types of aid. For more information on PJ, including instructions on how to submit a request, students should review the Professional Judgment Information Statement.
Repeating Courses
Before repeating a course, be sure to consult your academic advisor AND to understand all financial aid implications. Repeated courses affect Satisfactory Academic Progress (SAP) calculations as they are counted as attempted credits. In addition, students may receive federal financial aid for a repeated course only once, if the course was previously passed (credit has been received). For more information, view the Repeat Course Policy for Financial Aid.
The information in these Terms and Conditions is subject to change. Generally, these Terms and Conditions are reviewed for updates prior to the beginning of each academic year, however, due to changes in federal, state, and institutional regulations and policies, changes may occur more frequently. Minor updates to the Terms and Conditions will be promptly posted to this site. Should major changes occur, students will also be notified via NSU email.