6 NSU eBill NSU sends student account notifications electronically in the middle of each month through NSU eBill. If you wish for others, such as a parent or spouse, to have access to your student account information and to receive your monthly notification as well, you may add them as authorized users in NSU eBill. NSU eBill allows you and your authorized user to view account activity, make payments, set up automated payments, enroll in payment plans, and more. It is accessible from the NSU bursar’s web page at nova.edu/bursar. Holds If an outstanding balance remains on your student account, the bursar’s office will place a hold, along with a $100 late fee, on your account on the 30th day of the semester/term. Until the balance is paid in full, this hold will prevent you from obtaining grades and transcripts, registering for classes, and taking advantage of other university services, including, but not limited to, access to the Don Taft University Center RecPlex. Please visit nova.edu/bursar/ payment/holds.html for more information on holds. THE BOTTOM LINE 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. Shortage of Funds Financial aid is intended to assist you in financing your education by supplementing your own resources. Many students and families use a combination of personal savings, scholarships, Florida Prepaid funds, part-time employment, PLUS Loans, and NSU payment plans to fund their education. Two of these options include the following: Federal Direct PLUS Loans These loans allow creditworthy graduate/first-professional students and parents of dependent undergraduate students to borrow up to the full cost of tuition and related educational expenses, less any YOUR AWARD AND FINANCIAL OBLIGATIONS 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 be disbursed by the start of classes or, if your program has an add/drop period, after that period. In accordance with NSU’s Student Enrollment Agreement (SEA) and payment policy, by registering for classes, students agree to pay in full all sums assessed by NSU. Institutional charges are due at the time of registration. These charges include tuition and fees, student health insurance premiums, and housing and meal plan charges, if applicable. 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 NSU students are required to maintain health insurance, and the cost for the NSU Student Health Insurance Plan is added to students’ accounts upon registration. Students are not required to purchase NSU’s Student Health insurance plan if they are insured under another health insurance provider. However, you must complete an online waiver to avoid being enrolled in, and charged for, NSU’s insurance plan. Please visit the NSU Student Health Insurance web page at nova.edu/studentinsurance for more information on student health insurance, including access to the online waiver form and submission deadlines. AGGREGATE (LIFETIME) BORROWING LIMITS Student Type Combined Base Limit for Subsidized and Unsubsidized Loans Additional Limit for Unsubsidized Loans Total Combined Limit Dependent Undergraduate Students (whose parents were not denied a PLUS loan) $23,000 $8,000 $31,000 Independent Undergraduate Students (and dependent students whose parents were denied a PLUS loan) $23,000 $34,500 $57,500 Graduate and Professional Students $65,500* $73,000 $138,500 Students in the colleges of allopathic medicine, dental medicine, optometry, osteopathic medicine, and pharmacy, as well as in the Doctor of Psychology program in Clinical Psychology $65,500* $158,500 $224,000 *Graduate students are no longer eligible for subsidized loans. They may, however, have subsidized balances from borrowing prior to July 1, 2012.