10 NSU Health Professions Division 3. Plan for Housing and Meal Expenses. The budget includes a housing and meal component. Students must ensure they budget for these expenses if they intend to live on campus. 4. Check Your Financial Aid Account Frequently. Students are expected to log in to SharkLink at sharklink.nova. edu and regularly check their financial aid status to ensure there are no outstanding requirements. Students should confirm their admissions status, as they must have completed all admissions requirements in order for financial aid funds to be disbursed. 5. Submit Additional Documents and Complete a Master Promissory Note and Entrance Counseling. Some students may be required to submit additional documents prior to being awarded. Students will be notified of outstanding requirements via NSU (SharkLink) email. Requirements (outstanding and completed) can also be viewed in SharkLink. Students interested in receiving Federal Direct Loans will be required to complete a Direct Loan Master Promissory Note (MPN) and entrance counseling at studentaid.gov. 6. Accept, Decline, or Modify Your Loan and Federal WorkStudy Award(s). The financial aid award notice provides students with detailed instructions on how to accept, decline, or modify a financial aid award. Loan awards are not disbursed, and students are not able to apply for student employment jobs in JobX, until this step has been completed. 7. Register for Classes (early). In order for students to receive any federal Title IV or state financial aid (grants, scholarships, Federal Work-Study, and loans), they must register for the minimum number of credits that are required for degree/certificate completion (degreeapplicable), as published in the catalog from the year the student matriculated. Enrollment requirements for federal and state grants vary. Students awarded federal direct loans must be enrolled at least half time in degree-applicable courses. Half-time enrollment is defined as 6 degree-applicable credits per semester for undergraduate students. For graduate and professional students, half-time status varies by program. Private loan enrollment requirements vary by lender. Students should register as early as possible to ensure timely disbursement of their financial aid funds. Return of Title IV Funds Any student who withdraws from all Title IV-eligible courses within an academic semester may be required to return unearned financial aid funds. The Return of Title IV Funds regulation is based on the premise that students earn financial aid for each calendar day they attend classes. Students are strongly encouraged to consult with a financial aid counselor before dropping or withdrawing from courses, so they may be prepared for what may happen to their financial aid. For complete information, please review nova.edu/financialaid /apply-for-aid/title-iv-return. Satisfactory Academic Progress (SAP) To receive financial assistance, a student must continually meet Satisfactory Academic Progress (SAP) requirements established by the Department of Education. These progress requirements include the following four criteria: quantitative (annual credits), qualitative (grade point average), maximum time frame (total allowable credits), and pace (overall credits completed). Students who fail to meet SAP during the 2023–2024 academic year will not be eligible for Title IV federal and Florida state financial aid during the 2024–2025 academic year. Comprehensive information is available on the financial aid website at nova.edu/sap. Veterans Educational Benefits The U.S. Department of Veterans Affairs (VA) educational benefits are designated to provide eligible individuals with an opportunity for educational and career growth. Detailed information regarding veteran benefits at NSU is available online at nova.edu/financialaid/veterans. Students may also contact the NSU Veterans Benefits Office by calling (954) 262-7236 or toll free at 800-541-6682, ext., 27236, Monday through Friday, between 8:30 a.m. and 5:00 p.m.; by emailing vabenefits@nova.edu; or by visiting the veteran benefits office in the William and Norma Horvitz Administration Building on the Fort Lauderdale/Davie Campus. Students may also learn about their education benefits by visiting the Department of Veterans Affairs online at va.gov or by contacting the VA at 888-442-4551. Pending Veterans Affairs (VA) Payment Policy Effective August 1, 2019 In accordance with Title 38 US Code 3679 subsection (e) of the Veterans Benefits and Transition Act of 2018, Nova Southeastern University (NSU) will not impose a penalty on any student using veterans education benefits under Chapter 31 (Vocational Rehabilitation & Employment) or Chapter 33 (Post 9/11 GI Bill®) because of the individual’s inability to meet financial obligations to the institution due to the delayed disbursement of funding from the Department of Veterans Affairs (VA). NSU will not • prevent the student from attending or participating in the course of education during periods in which there is a delayed disbursement • assess late payment fees if the financial obligation is fully funded by the Department of Veterans Affairs (VA)
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