Contact Financial Aid
Student Financial Assistance Nova Southeastern University Horvitz Admin. Bldg, 1st Flr. 3301 College Avenue Ft. Lauderdale, FL 33314
(954) 262-3380 800-806-3680 Fax: (954) 262-3966
Contact Student Financial Assistance
Once the Direct loan has been awarded and guaranteed, the Department of Education will send you a notification to complete a Master Promissory Note (MPN). Loan funds will not be disbursed until the borrower completes the MPN.
You are only required to complete an MPN one time as it can be used for up to 10 years of borrowing for educational expenses. A new MPN must be signed if you cease enrollment for one full academic year or if your MPN has expired after 10 years. Each academic year, all students using the MPN will be notified of their loan eligibility.
When you receive your first Federal Direct Loan, you will be contacted by your loan servicer. Your loan servicer will provide regular updates on the status of your Federal Direct Loan(s). After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you'll be notified of your first payment due date. Payments are usually due monthly.