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 new FAFSA form is available every year starting on this date
What is October 1?
FAFSA
What is Free Application for Federal Student Aid?
Answers frequently asked financial aid questions for NOVA students
The government pays the interest on this type of loan while you are enrolled at least half-time.
What is a subsidized Stafford loan?
EFC (hint: this is the amount your family should be able to pay towards your education based on your FAFSA)
What is the Estimated Family Contribution?
Type of financial aid that does not have to be repaid
What is a Scholarship?
What is a grant?
This needs to be created to electronically sign your FAFSA.
The type of loan where the government does not pay your interest while you are enrolled half time.
What is an Unsubsidized Stafford Loan
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
Financial Aid support is available to NOVA students during these times
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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 May 1st?
MPN (hint:your promise to repay your student loans)
What is a Master Promissory Note?
You're generally considered a Dependent Student until you reach this age.
What is 24
The quiz 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?
NOVA's Scholarship process starts at this website