Financial Aid
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/students/undergradFinancialaidPrograms.asp NOVA automatically considers domiciled Virginia residents who apply for aid for the state grants listed on page 4 of the financial aid handbook. Students must submit their final, official high school transcript to the CFAO to be considered for the Virginia Guaranteed Assistance Program (VGAP). DC Residents should apply for DC TAG: /service/dctag-get-funding-college
1) Student obtains a PIN:
(A parent also needs a PIN if the student is dependent.)
2) Submit a 13-14 FAFSA:
(For: Fall 2013, Spring 2014, and Summer 2014) List NOVA’s School Code: 003727 and Reapply each year before May 1st.
Accept Student Loans if Necessary
After accepting a Stafford loan on MyNOVA, first-time Direct Stafford Loan borrowers will need to: 1) Complete Stafford Loan Entrance Counseling 2) Complete the Stafford Loan Master Promissory Note
What Does College Cost?
Tuition (Currently $145.25 per credit for in-state at NOVA) Books Supplies Transportation Room and Board Other Fees Personal Expenses
Estimated Expenses This Cost of Attendance information is usually published on the college’s website
+
Types of Financial Assistance
GIFT AID
Grants and Scholarships – Free money that is not remeline
Spring of Senior Year
• • • • • Get your PIN at for student and a custodial parent. Submit the 13-14 FAFSA at before May 1, 2013. Follow up on instructions from the financial aid office. Check MyNOVA To Do List. Apply for scholarships. Discuss any special circumstances with the financial aid office.
Step 3: Check MyNOVA “To Do List”
What Happens Next?
The Financial Aid Office will let you know:
• If you need to submit any additional forms or other items.
NOVA’s Financial Aid Website – /finance
Your one-stop source for federal aid information.
General Eligibility Requirements for Federal Aid
• The amount of your financial aid package. • How to accept your award. • How to apply for student loans. • How to participate in the work study program (if eligible). • Important requirements and instructions related to your financial aid.
Employment (earned as wages from working) Work-Study
Loans (must be repaid with interest) Federal Perkins Loan Federal Stafford Loans Federal PLUS Loan Private-Alternative Loans
• Federal Aid
• State Aid • Institutional Aid (Awarded by Colleges) • Private Aid (Various outside organizations)
Types of Financial Assistance
SELF-HELP AID
» International Students should contact their financial aid office for assistance.
How is Financial Aid Eligibility Determined?
Cost of Attendance
(tuition, books, living expenses, etc) (from the FAFSA)
3) Check MyNOVA “To Do List” Submit any requested documentation.
Step 1: Obtain a PIN
Step 2: Submit the FAFSA
Use the IRS Data Retrieval to upload your 2012 tax data if you have filed your taxes.
Also Apply for Scholarships
Scholarships
Scholarships
NOVA students can apply for scholarships offered through NOVA’s Educational Foundation at /finance > Scholarships The application is submitted online. Students should apply for all the ones they qualify for!
Even if students do not demonstrate financial need,
They can still apply for scholarships, merit awards, other external resources and student loans!
How to Apply for Financial Aid
• • • • • • • • • Demonstrate Financial Need (except for certain loans and some scholarships) Be a U.S. citizen or eligible noncitizen Have a valid Social Security Number Be registered with Selective Service if you are male and 18 to 25 years of age (go to for more information) Have a high school diploma or a General Education Development (GED). Be working toward a degree or certificate in an eligible program Not have a drug conviction for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study) Not owe a refund on a federal grant or be in default on a federal student loan Maintain Satisfactory Academic Progress while in college
The Purpose of Financial Aid
• Assist students with paying for school. • Provide opportunity and access to college.
• Help cover the gap between what the family can pay and the cost of education.
Expected Family Contribution
= Financial Need
Need-based aid can be awarded up to the amount of financial need (i.e. grants, subsidized student loans, and work study).
Financial Aid
Presented by: Clint Young Acting Annandale Campus Financial Aid Manager
Today’s Topics
Types of Financial Aid Eligibility How to Apply Special Circumstances Timeline Resources
Special Circumstances
Examples: • Change in employment status
• Medical expenses paid but not covered by insurance
• Change in parent marital status Complete the FAFSA with the requested info and then send a written explanation with supporting documentation to the financial aid office. Appeal forms are available at /finance > Forms.
Apply for State Financial Aid
State financial aid programs are generally for residents of the state who attend college within the state. Some exceptions apply. For more information on Virginia Financial Aid Programs:
1) Student obtains a PIN:
(A parent also needs a PIN if the student is dependent.)
2) Submit a 13-14 FAFSA:
(For: Fall 2013, Spring 2014, and Summer 2014) List NOVA’s School Code: 003727 and Reapply each year before May 1st.
Accept Student Loans if Necessary
After accepting a Stafford loan on MyNOVA, first-time Direct Stafford Loan borrowers will need to: 1) Complete Stafford Loan Entrance Counseling 2) Complete the Stafford Loan Master Promissory Note
What Does College Cost?
Tuition (Currently $145.25 per credit for in-state at NOVA) Books Supplies Transportation Room and Board Other Fees Personal Expenses
Estimated Expenses This Cost of Attendance information is usually published on the college’s website
+
Types of Financial Assistance
GIFT AID
Grants and Scholarships – Free money that is not remeline
Spring of Senior Year
• • • • • Get your PIN at for student and a custodial parent. Submit the 13-14 FAFSA at before May 1, 2013. Follow up on instructions from the financial aid office. Check MyNOVA To Do List. Apply for scholarships. Discuss any special circumstances with the financial aid office.
Step 3: Check MyNOVA “To Do List”
What Happens Next?
The Financial Aid Office will let you know:
• If you need to submit any additional forms or other items.
NOVA’s Financial Aid Website – /finance
Your one-stop source for federal aid information.
General Eligibility Requirements for Federal Aid
• The amount of your financial aid package. • How to accept your award. • How to apply for student loans. • How to participate in the work study program (if eligible). • Important requirements and instructions related to your financial aid.
Employment (earned as wages from working) Work-Study
Loans (must be repaid with interest) Federal Perkins Loan Federal Stafford Loans Federal PLUS Loan Private-Alternative Loans
• Federal Aid
• State Aid • Institutional Aid (Awarded by Colleges) • Private Aid (Various outside organizations)
Types of Financial Assistance
SELF-HELP AID
» International Students should contact their financial aid office for assistance.
How is Financial Aid Eligibility Determined?
Cost of Attendance
(tuition, books, living expenses, etc) (from the FAFSA)
3) Check MyNOVA “To Do List” Submit any requested documentation.
Step 1: Obtain a PIN
Step 2: Submit the FAFSA
Use the IRS Data Retrieval to upload your 2012 tax data if you have filed your taxes.
Also Apply for Scholarships
Scholarships
Scholarships
NOVA students can apply for scholarships offered through NOVA’s Educational Foundation at /finance > Scholarships The application is submitted online. Students should apply for all the ones they qualify for!
Even if students do not demonstrate financial need,
They can still apply for scholarships, merit awards, other external resources and student loans!
How to Apply for Financial Aid
• • • • • • • • • Demonstrate Financial Need (except for certain loans and some scholarships) Be a U.S. citizen or eligible noncitizen Have a valid Social Security Number Be registered with Selective Service if you are male and 18 to 25 years of age (go to for more information) Have a high school diploma or a General Education Development (GED). Be working toward a degree or certificate in an eligible program Not have a drug conviction for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study) Not owe a refund on a federal grant or be in default on a federal student loan Maintain Satisfactory Academic Progress while in college
The Purpose of Financial Aid
• Assist students with paying for school. • Provide opportunity and access to college.
• Help cover the gap between what the family can pay and the cost of education.
Expected Family Contribution
= Financial Need
Need-based aid can be awarded up to the amount of financial need (i.e. grants, subsidized student loans, and work study).
Financial Aid
Presented by: Clint Young Acting Annandale Campus Financial Aid Manager
Today’s Topics
Types of Financial Aid Eligibility How to Apply Special Circumstances Timeline Resources
Special Circumstances
Examples: • Change in employment status
• Medical expenses paid but not covered by insurance
• Change in parent marital status Complete the FAFSA with the requested info and then send a written explanation with supporting documentation to the financial aid office. Appeal forms are available at /finance > Forms.
Apply for State Financial Aid
State financial aid programs are generally for residents of the state who attend college within the state. Some exceptions apply. For more information on Virginia Financial Aid Programs: