Financial Aid 101
The application used to apply for financial aid.
What is the FAFSA?
The number of credits a student needs to be enrolled in to qualify for a student loan.
What is 6.
The earliest date that the FAFSA can be completed for the upcoming school year?
What is October 1?
FAFSA
What is Free Application for Federal Student Aid?
These have a relatively low interest rate and need to be repaid.
What is a loan?
The government pays the interest on this type of loan while you are enrolled at least half-time.
What is a subsidized Stafford loan?
Summer's priority filing deadline.
What is April 1?
EFC (hint: this is the amount your family should be able to pay towards your education based on your FAFSA)
What is the Expected Family Contribution?
2 types of Financial aid that do not have to be repaid.
What are Grants and Scholarships?
What you need to create to electronically sign your FAFSA.
What is the FSAID?
The type of loan where the government does not pay your interest while you are enrolled half time.
What is an Unsubsidized Stafford Loan
Priority application for Spring term.
What is October 1?
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
If you have been in foster care since the age of 13 you may qualify for this grant
What is a Foster Care Grant?
003727
What is NOVA's School Code?
The number of months you have as a "grace period" (after you stop attending school/ drop below half time) before you have to begin repayment of your Stafford loans.
What is 6 months?
Priority application date for the Fall term.
What is March 1?
MPN (hint:your promise to repay your student loans)
What is a Master Promissory Note?
This type of financial aid is need-based, and earned by working.
What is Work Study?
You're are considered a Dependent Student until you reach this age.
What is 24?
The process that you must complete electronically before your loans are disbursed.
What is an Entrance Counseling Interview?
Last day to drop your classes and receive a full tuition refund.
What is the census date?
SAR (hint: this is sent to you to summarize the information on your FAFSA)
What is Student Aid Report?
This account should be checked weekly to review your financial aid status and academic updates.
What is MyNOVA account?