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Important Facts

 
 

General Information for Financial Aid Recipients

  • All students who are enrolled in at least half time status, will have a talon charge set up to purchase books prior to classes beginning
  • Complete the FAFSA as soon as possible on or after October 1 each year you need financial aid.
  • First time loan borrowers must complete their online Master Promissory Note and Entrance Counseling session at https://studentaid.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.
  • 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. If a student signs a consortium agreement to take courses at another school, NSU must have the approved consortium agreement prior to a students initial disbursement or those hours will not be included in the students Pell Grant calculation.
  • 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 financial aid offers are initially based on full-time enrollment. Financial aid will then be adjusted to actual enrollment before disbursement.
  • Graduate/Professional students are only eligible for Direct Unsubsidized loans and/or Graduate Plus loans.
  • 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)