3 Terms and Conditions of Your Financial Aid Award Offer Please read the following information carefully before accepting your financial aid award offer. Accepting the financial aid award offered signifies that you have read, and agree to comply with, all the terms and conditions listed below. FINANCIAL AID AWARD OFFER DELIVERY Financial aid award offers are sent to your NSU email. Since they are subject to change, closely monitor your NSU email for revised financial aid award offers. UNDERSTANDING YOUR FINANCIAL AID AWARD Your enclosed financial aid package was developed according to federal and state regulations and institutional guidelines. It is important that you educate yourself on each source of funding, renewal requirements, and your associated obligations, such as repayment for loans and meeting Satisfactory Academic Progress (SAP) for all federal and state aid programs.Requirements vary for each respective financial aid program. All awards depend on the availability, verification, and receipt of funds by NSU. If adjustments are made to the university’s federal or state allocations, the university reserves the right to make adjustments accordingly. To receive any federal Title IV or state financial aid (such as Federal Pell Grant, Federal Work-Study, Federal Direct Loans, and Effective Access to Student Education [EASE] Grant), you must be enrolled for the minimum number of degree-applicable credits that are required for degree/certificate completion, as published in the catalog from the semester when you first enrolled in your program. You may view your degree requirements, including requirements for your officially declared majors, minors, and/or concentrations, in Degree Works. To access Degree Works, log on to SharkLink at sharklink.nova.edu. Financial aid award offers are based on full-time enrollment in degree-applicable courses when issued prior to the start of classes or the add/drop period (if your program has an add/drop period). This means that if you are not enrolled full time in degreeapplicable coursework by the start of classes or by the end of the add/drop period, you may not be eligible for the financial aid awarded to you, or you may only be eligible for a portion of the award. Changes in your enrollment, such as drops and withdrawals from classes, may lead to your scholarships, grants, and loans being reduced or canceled. Financial aid awarded to NSU undergraduate students is typically based on the traditional academic calendar composed of the fall and winter semesters. To be awarded for the summer semester, undergraduate students must register for the summer semester, and/or submit a separate request for summer financial aid each year. The Request for Summer Financial Aid Form is available year-round on the financial aid website. This is not required for undergraduate students in the Ron and Kathy Assaf College of Nursing and the Dr. Pallavi Patel College of Health Care Sciences, as they are automatically offered summer aid. One of the components in preparing your financial aid package is determining your cost of attendance (COA). The COA includes tuition and fees, health insurance premiums, room and board, books and supplies, transportation, and other personal expenses. If your financial aid award offer includes Federal Direct Loans, note that gross amounts are listed, and that applicable loan origination fees will be deducted prior to your disbursement. For more information on loan fees, visit nova.edu/financialaid. Your award offer is valid for one academic year only and is not automatically renewed. To be considered for most sources of financial aid at NSU, you must file a Free Application for Federal Student Aid (FAFSA) beginning October 1 every year and have the results sent to NSU by entering the NSU Federal School Code: 001509. The NSU priority deadline for aid is March 15. Students may continue to apply for aid after this date but have a higher chance of being awarded limited funding if they apply before the deadline. To apply for Florida grants and scholarships, undergraduate students must complete the NSU State Aid Application, available on the financial aid website. MAINTAINING YOUR ELIGIBILITY To remain eligible for your financial aid award offer, you must • submit all additional information and/or documents requested by the Office of Student Financial Assistance (OSFA) by the requested deadline(s) You will be notified of any outstanding requirements via your NSU email and can also view them in SharkLink.
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