About NSU Financial Aid

The 2023-2024 Free Application for Federal Student Aid (FAFSA) is now available at studentaid.gov. 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 Federal Student Aid Account

If you are filing the FAFSA for the first time, get a head start by creating your account (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 2023-24 FAFSA include:

• You will use your (your parents') 2021 federal tax return information.

• Removal of questions pertaining to gender (male/female, #21), Selective Service (#22),  and drug conviction (#23) as part of the FAFSA Simplification Act.

• Incarcerated students regain the ability to receive a Federal Pell Grant.
  
  
• The income threshold for an automatic zero Expected Family Contribution (EFC) increased from $27,000 to $29,000.

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. 
  
  
• The studentaid mobile app is no longer available as of June 30, 2022, due to low consumer engagement. 

The Fall 2022 Dollar$ and $ense newsletter is now available, which includes tips for filing the 2023-2024 FAFSA, federal loan forgiveness/cancellation news, 2023 commencement dates, health insurance resources, scholarship tips, and more. For questions, email us at dollarsandsense@nova.edu.  

11/28/22 Update

Courts have issued orders to block the student debt relief program. As a result, applications are currently not being accepted. If you have already applied, your application will be held. In the meantime, the pause on student loan payments and collections has been extended until 60 days after the Department of Education is permitted to implement the debt relief program, or the litigation is resolved. If the program has not been implemented and the litigation has not been resolved by June 30, 2023, payments will resume 60 days after that. Borrowers will be notified before payments restart. 

10/18/2022 Update

On Monday, October 17, 2022, President Biden announced that the Department of Education's application for student loan cancellation is open and ready for borrowers to complete. Borrowers are asked to provide their name, date of birth, Social Security number, email, and phone number, and self-certify their income through a check-box feature in the application.

To access the application, click on the button below.

Apply for Federal Student Loan Debt Relief

10/14/2022 Update

The Student Loan Debt Relief Application Form is expected to become available later this month (October 2022). 

• It’s short, simple, and will be available online at a .gov URL.
• You don’t need to log in or provide any documents to apply.
• Federal Student Aid will reach out directly once you’ve submitted your application if you need to provide additional information.
• You will be able to fill out the application on both mobile and desktop devices.
• The application will be available in both English and Spanish when it goes live. 
• The application will run from October 2022 through December 31, 2023.

Beware of Scams

Borrowers should know that the best source of information about when the application period opens will come directly from the Department of Education and Federal Student Aid.

You might be contacted by a company saying they will help you get loan discharge, forgiveness, cancellation, or debt relief for a fee. You never have to pay for help with your federal student aid. Make sure you work only with the U.S. Department of Education and our loan servicers, and never reveal your personal information or account password to anyone. 

Department of Education emails to borrowers come from noreply@studentaid.gov, noreply@debtrelief.studentaid.gov, or ed.gov@public.govdelivery.com. You can report scam attempts to the Federal Trade Commission by calling 1-877-382-4357 or by visiting reportfraud.ftc.gov.

8/30/2022 Update

President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000. Many borrowers and families may be asking themselves “what do I have to do to claim this relief?” 

To learn more and to sign up at the Department of Education's subscription page to be notified when the process officially opens, visit the Federal Student Aid website.

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.