Terms and Conditions of Your Financial Aid Award

Financial Aid Award Notice Delivery Financial aid award notifications are sent to your NSU email. Since financial aid awards are subject to change, closely monitor your NSU email for revised financial aid award notifications. In addition, the Office of Student Financial Assistance (OSFA) sends undergraduate and graduate students, who are new to NSU, their first financial aid award notification by postal mail. The OSFA also notifies new, incoming undergraduate students (transfer as well as first-time-in- college) of revised financial aid award notifications by postal mail during their first year of attendance at NSU. 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, your associated obligations—such as repayment for loans, and meeting Satisfactory Academic Progress (SAP) for all federal and state aid programs—and renewal requirements. 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 credits that are required for degree/certificate completion (degree-applicable) 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, by running an online degree audit through Degree Works or CAPP (Curriculum, Advising, and Program Planning). For more information, visit nova.edu/registrar/capp -degreeworks.html . 1 Financial aid awards 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 degree-applicable 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. Please refer to the specific enrollment requirements listed for each source of financial aid. One of the components in preparing your financial aid package is determining your Cost of Attendance (COA). The COA includes tuition and fees, room and board, books and supplies, transportation, and other personal expenses. Please note that the estimated expenses listed in your enclosed Financial Aid Award Notice only include institutional charges. On-campus room and board is a combination of expected housing and meal costs. For undergraduate students, room and board is calculated utilizing a double room on-campus housing rate coupled with the university meal plan. If your Financial Aid Award Notice includes Federal Direct Loans, please 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 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) every year and have the results sent to NSU by entering the NSU Federal School Code: 001509. The earlier you complete the FAFSA, the better chance you have of being considered for maximum available funds. To apply for Florida grants and scholarships, undergraduate students must complete the NSU State Aid Application, available on the financial aid website. Please read the following information carefully before accepting your financial aid award. Accepting the financial aid award offered signifies that you have read and agree to comply with all the terms and conditions listed below. Terms and Conditions of Your Financial Aid Award