Terms and Conditions of Your Financial Aid Award

You must abide by the terms and conditions of each financial aid program through which you have been awarded. Federal Grants Federal Pell Grant Pell Grant recipients are eligible for a maximum award duration of 12 full-time semesters (or the part-time equivalent). To track your lifetime eligibility, log into the National Student Loan Data System (NSLDS) at nslds.ed.gov . If you have been awarded a Pell Grant, the initial award amount is based on full-time enrollment in degree-applicable coursework and prorated for less than full-time enrollment. For more information, visit nova.edu/financialaid/undergraduate/grants/pellgrant.html . Federal Supplemental Education Opportunity Grant (FSEOG) Funding for the FSEOG is limited. It is awarded to Pell Grant- eligible undergraduate students based on the date of their FAFSA submission and exceptional financial need. Teacher Education Assistance for College and Higher Education (TEACH) Grant To be eligible for TEACH Grant funds, you must be enrolled in a TEACH Grant-eligible program in coursework that is necessary to begin a career in teaching or you must plan to complete such coursework. You must also sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach ●● in a high-need field ●● at an elementary school, secondary school, or educational service agency that serves students from low-income families ●● for at least four complete academic years within eight years after completing or ceasing enrollment in the course of study for which you received the grant NOTE: If you do not complete the service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan, with accrued interest added as of the date of initial disbursement. Florida Grants and Scholarships (Florida Residents Only) Grants and scholarships are considered “gift-aid” and generally do not need to be repaid. Provided you remain eligible, these funds will automatically be credited to your student account. You do not need to actively accept these funds in SharkLink. Students (or parents of dependent students) must provide adequate documentation that they have been legal Florida residents for 12 consecutive months prior to the first day of classes of the semester/term for which assistance is given. For detailed information on Florida aid programs and residency requirements, visit the Florida Department of Education’s website at floridastudentfinancialaid.org . 2 Maintaining Your Financial Aid Award Eligibility To maintain your financial aid award eligibility, 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 outstanding requirements via your NSU email and can also view them in your SharkLink financial aid account. ●● have completed all admission requirements for an eligible degree or certificate program and be enrolled in degree-applicable course- work for the semester/term for which you are requesting aid, or be enrolled in preparatory coursework necessary for admission to a degree program ●● register for all classes at the beginning of the first part of the term if you are enrolling in a program with multiple parts of term For undergraduate students, the OSFA will generally use the student’s enrollment status at the end of the add/drop period for the first part of term to calculate financial aid eligibility. Therefore, changes in enrollment status after this period will generally not increase a student’s financial aid award amount. ●● maintain Satisfactory Academic Progress (SAP) Different requirements apply for federal and state programs. SAP is used to define successful completion of coursework to maintain financial aid eligibility. Federal SAP requirements include qualitative measure (grade point average), quantitative measure (annual credits successfully completed), maximum time frame (total allowable credits), and pace (overall credits successfully completed). For more details, including specific requirements for maintaining SAP for state aid, visit nova.edu/sap . ●● accept, reduce, or decline all or a portion of your loan and/or accept your Federal Work-Study (FWS) award(s) prior to the end of the semester/term. This is not a requirement for grant and scholarship awards. Please follow the step-by-step instructions below to access your award and to accept, reduce, or decline all or a portion of the financial aid offered to you. 1. Log in to SharkLink at ht tps://sharklink.nova.edu using your SharkLink ID and Password. 2. Click on “My Financial Aid” on the left navigation, then click “View Awards (WebSTAR).” 3. Select the appropriate aid year from the drop-down menu, then click “Submit.” 4. Click on the “Award Overview” tab to review your financial aid award carefully. 5. To accept, reduce, or decline your award(s), click on the “Accept Award Offer” tab. You may determine the award amount(s) you would like to accept. Once you have decided on your award amount(s), click the “Submit Decision” button. It is strongly recommended that you complete this process prior to the end of the semester/term to avoid interruptions in eligibility. If you choose “Undecided” in the “Accept Award” column, your award will remain in the “Offered” status and will not be disbursed. Keep in mind, however, funding may no longer be available after the end of the semester/term.