Financial Aid - Current Students
Our scholarships, grants, loans and work-study opportunities can make your college education more affordable than you ever thought possible. Need-based financial aid is not available to international students, although many students can qualify for loans without demonstrating need.
NOVA is now 100% Direct Lending. Loans are money that you or your parents borrow and repay with interest. Education loans are offered at low interest rates and have long repayment terms. Some loans require a demonstration of need, others do not.
Scholarships are awards that do not have to be paid back and are based on student performance and talent. Some scholarships consider financial need when determining eligibility.
Grants are financial awards that are based on demonstration of financial need and do not have to be paid back.
Work-study is a financial aid program that allows eligible students to earn money toward their educational expenses by working a part-time job at one of the NOVA campuses. The work-study program is administered by Campus Work-Study Coordinators and the College Financial Aid Office.
Students must be eligible for federal financial aid, be enrolled in at least 6 credits, and have demonstrated financial need in order to potentially qualify for federal work-study. All work-study awards are contingent on the student’s eligibility, funding, and approval by the NOVA Human Resources Department and the College Financial Aid Office.
|Priority Application Date for Spring 2014 New Students||October 1, 2013|
|Priority Application Date for Summer 2014 Session||April 1, 2014|
|Priority Application Date for Fall 2014 New and Returning Students||May 1, 2014|
|Priority Application Date for Spring 2015 New Students||October 1, 2014|
Upcoming Office Closures
All NOVA Financial Aid Offices will be closed for staff training on the following dates:
- Tuesday, October 29 from 8:30 a.m. - 4:00 p.m.
- Wednesday, November 13 from 9:00 a.m. - 2:00 p.m.
The Financial Aid Support Center will be available to provide assistance during these closures. We apologize for any inconvenience this may cause and ask that you plan accordingly.
Second 8-Week Book Purchase Period
Students with pending, undisbursed financial aid can purchase books against their excess financial aid beginning Oct. 2, and continue through the session census date, Oct. 25. Students must sign a statement allowing the charges, and must purchase all desired and required books and materials by Oct. 25. Students enrolled in late starting classes who wish to use their financial aid to purchase books must do so during this purchase period.Students who are awarded after the second 8-week session census date will not be able to charge bookstore purchases to their financial aid award. If you have any questions or concerns, contact the Financial Aid Support Center.
Be sure to check MyNOVA for financial aid updates.
Financial Aid Campus Office Hours
All NOVA Financial Aid offices will close early on Friday, September 20 for college-wide training. We apologize for any inconvenience this may cause. The Financial Aid Support Center will still be available by calling 1.855.323.3199. All offices will resume normal hours on Saturday, September 21. Thank you for your patience and understanding.
Financial Aid Newsletter – “Greenback”
Check out the new look of the latest issue of 'The Financial Aid Greenback,' NOVA's quarterly newsletter that helps students stay up-to-date on the latest and greatest in the world of financial aid. This issue will be available in electronic form with some limited copies at your campus financial aid office. Check it out and share your feedback on our Facebook page!
Financial Aid Pending (FAP) Holds
The College Financial Aid Office (CFAO) is working diligently to process all financial aid applications. To prevent classes from being cancelled, we are placing FAP indicators on student accounts that meet the Satisfactory Academic Progress standards and have no debt holds. In addition, the student must meet one of the following criteria:
- The student’s “To Do List” on NOVAConnect self-service shows receipt of all required documents (excluding high school diploma), but aid has not been awarded yet
- The student has a loan offered within the last two weeks that was not accepted yet
- A FAFSA correction has been sent to the Central Processor that has not come back to NOVA yet [EC, Electronic Correction, on “To Do List”]
- First-year Pathway/Adult Career Pathway student
- First-year GPS student
- Awarded student who needs an additional amount to cover tuition and fees
- Student whose EFCs fall within potential Pell Grant range and who have open checklist item(s) for outstanding documents
- Student with ISIRs in PeopleSoft and incomplete checklists who are registered for classes
Who Is Eligible?
To qualify for financial aid, you must:
- Be enrolled in an eligible program of study.
- Maintain satisfactory academic standing.
- Not be in default on a federal educational loan or owe a repayment to a federal grant.
State and federally funded aid programs require:
- U.S. citizenship
- Permanent residency or refugee status
- Virginia residency (state funds only)
- Federal school code for NOVA 003727
Credits for audited courses do not count in any financial aid eligibility calculation. Most courses taken through the Extended Learning Institute may qualify for financial aid eligibility. All financial aid programs require placement in an eligible degree or certificate curriculum.