7 Satisfactory Academic Progress (SAP) Students receiving federal and state financial aid should consult a financial aid counselor before dropping or withdrawing from courses to ensure compliance with federal and state SAP requirements for continued financial aid eligibility. For more information on SAP, go to nova.edu/sap. Verification If your financial aid file is selected for verification, you must submit all required verification documents requested by the OSFA. 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. Please visit the financial aid web page at nova.edu/financialaid/apply-for-aid/ verification.html for more information on the verification process. Significant Change in Income/Expenses (Professional Judgment) The OSFA may use professional judgment (PJ) to take into account a student’s special circumstances to make adjustments to the student’s (or the student’s family’s) expected family contribution 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 available at nova.edu/financialaid/forms. Repeating Courses Before repeating a course, be sure you understand all potential academic and financial aid implications. Repeated courses affect 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 earned). More information on the Repeat Course Policy for Financial Aid is available at nova.edu/financialaid/apply-for-aid/repeat-course.html. DISCLAIMER These terms and conditions are also posted on the financial aid web page at nova.edu/financialaid/apply-for-aid/your-financial-aid -award.html and are subject to change. Generally, these terms and conditions are reviewed for updates 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 the financial aid web page. Should major changes occur, students will also be notified via NSU email. financial aid the student may receive. Borrowers may apply for a PLUS Loan at studentaid.gov. Payment Plans NSU Payment Plans allow students (with the exception of international students) and their families to pay university charges in installments. International students may use Flywire to set up their own installment payment plans. Visit the website at nova.edu/bursar/payment/payment _plans.html for more information. The Office of Student Financial Assistance is eager to assist you in finding a solution that is right for you. 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 bursar’s office. To receive excess funds as a direct deposit to your checking account, enter your banking information via SharkLink. For detailed instructions, visit the bursar’s direct deposit web page at nova.edu/bursar/refunds/direct_delivery.html. 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 the refund is issued, you are responsible for paying your account balance. Bookstore Advance Purchase Program (BAPP) If you have approved financial aid funds in excess of the charges on your student account, you may use these funds (up to a maximum of $1,000) to purchase books and supplies from the NSU Bookstore prior to your scheduled disbursement date. For more information, visit nova.edu/bapp. SPECIAL CIRCUMSTANCES Withdrawing from the University Refund and Repayment Policy Financial aid recipients who withdraw from NSU for any reason must notify ESS. Financial aid awards may be adjusted, and you may be required to repay a prorated amount of the funds advanced to you for the semester/term from which you withdrew. You will be notified by the bursar’s office of any balances owed to NSU. If you are entitled to a refund of tuition and fees, the refund will first be applied to any financial aid you have been awarded. Any excess funds will be refunded to you after all balances owed to NSU have been satisfied. Returning Financial Aid (Return of Title IV Funds) Any student who completely withdraws from all Title IV-eligible courses within an academic semester/term for which financial aid is received, or could have been received, may be required to return all or a portion of the financial aid awarded. Federal Return of Title IV Funds regulations are based on the premise that students earn financial aid for each calendar day that they attend classes. Students who complete more than 60 percent of the semester/ term are considered to have earned 100 percent of their financial aid. For more information on the Return of Title IV Funds policy, visit nova.edu/financialaid/apply-for-aid/title-iv-return.html.