You Need to Know

**Attention** Beginning with the Fall 2013 semester, due to federal regulation all first time loan borrowers will experience a 30 day delay in disbursement of loans during their first semester of borrowing. Also any student who is attending one semester only during an academic year will receive their loans in two disbursements, one at the beginning of the semester and one mid semester.  This two disbursement rule will effect all summer direct loan recipients.

You must reapply for federal student aid every year, the FAFSA is available to fill out every year on January

You will not be awarded financial aid until all documentation we send to you has been completed and returned to our office. (It generally takes 2 weeks for a student to be awarded once their file is complete, during the busier times of the school year (July, August, September) it may take up to 4 weeks to receive an email award notification.)

First time loan borrowers must complete their online Master Promissory Note and Entrance Counseling session at www.studentloans.gov before their loan will be disbursed to the school.

Graduate students must be enrolled in at least five graduate hours (5000 level) during any period of enrollment to receive federal student loans. Undergraduate students must be enrolled in at least six undergraduate hours during any period of enrollment to receive federal student loans.

Any outside aid/resources that a student may receive, such as scholarships, tuition waivers, etc., may affect the amount of aid they received through the Federal Student Aid Programs.  It's very important that students inform the Office of Student Financial Services of any outside aid/resources that they may be receiving to help pay for their educational costs. 

Federal Student Aid ceases when an undergraduate student reaches 186 attempted hours towards their first bachelor’s degree, and/or when a graduate student reaches 48 attempted hours towards their first master’s degree.

If you do not fit into one of the following eight categories, you will always have to use your parent’s information on the FAFSA.

  • 24 years of age or older.
  • Married.
  • Have dependants of your own, whom you provide more than half of their support.
  • Have been released from active duty by the military with an honorable discharge.
  • At any time after the age of 13 either both of your biological parents were deceased, you were in foster care, or you were a dependent or a ward of the court.
  • You are or were an emancipated minor as determined by a court in your state of legal residence.
  • You are or were in legal guardianship as determined by a court in your state of legal residence.
  • At any time after July 1, 2008, you were determined to be homeless by your school district homeless liaison, the director of an emergency shelter, or the director of a runaway or homeless center.

It is the student’s responsibility to inform the financial aid office of any change of address.

Under NSU’s Satisfactory Academic Progress Policy, financial aid recipients must meet two requirements to remain eligible for financial aid. They are:

  • A cumulative hourly completion rate of 67%, meaning students must successfully complete 67% of all courses they attempt.
  • A GPA requirement. If you fail to meet both requirements, you may put your future financial aid eligibility in jeopardy. We highly recommend you read the full Satisfactory Academic Progress Policy.

It is very important that you check your NSU gmail account regularly, to avoid missing important information, updates, and reminders. The Office of Student Financial Services sends most of their correspondence via e-mail.

Federal regulations state that a students Pell award amount is locked in at the time of disbursement and therefore cannot be updated after that date.

Repeated Coursework - Title IV funds may only pay for one repeat of a previously passed course. More than one repeated course will not be calculated in your enrollment status pertaining to Title IV funds.

Students who intend on attending any summer term may want to reduce their prior fall/spring loan amounts to ensure that they will have loan availability during the summer term.

All awards are initially based on full-time enrollment status.  If not full-time at the time of disbursement, your awards will be decreased. 

Beginning with the 2012-2013 Academic Year, any loans disbursed after June 30th to Graduate/Professional students will be in the form of Direct Unsubsidized loans.  Graduate/Professional students will no longer be eligible to receive Direct Subsidized loans from the Federal Direct Loan program.

Students must be degree seeking to be eligible for Title IV federal student aid. (Certificate programs are not eligible for Title IV federal student aid)