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Managing Your Financial Aid Award

Paying Your Tuition
If your anticipated financial aid award is large enough to cover your entire tuition, your classes will be held until it disburses. You can view your anticipated aid on NOVAConnect under Self Service > Campus Finances > Account Inquiry or Make A Payment. If your award is not enough to cover your entire balance by the deadline, you risk losing classes unless you:

  • pay the balance by the deadline, or
  • enroll in NOVA’s Tuition Payment Plan prior to the tuition due date, or
  • apply for a student loan to cover the additional costs, if you are eligible
  • A loan is not considered final until a Direct Loan Master Promissory Note and Direct Loan entrance counseling have been completed and submitted to NOVA.

Using Approved Financial Aid to Buy or Rent Textbooks (May 6–June 3 ONLY)
If you have received a financial aid award large enough to cover tuition, fees, and books, you may use it to purchase or rent books from campus bookstores from May 6 through June 3, the 12-week Census Date. Financial aid can be used only during this period to purchase books at the bookstore for any Summer session.  Make sure you meet the following qualifications:

  • Awards offered before the start of the term are based on full-time status. If you are enrolled for fewer credits, you will not have as much money available for tuition, fees, and books. Be sure that you are satisfied with your enrollment before going to the bookstore; if you add a class, you may need additional money to pay your tuition. If you drop a class, you may end up owing money to the College.
  • You have approved financial aid. You must have received an award letter, accepted enough loan money, and completed a promissory note and entrance interview to use your student loan at the bookstore. Wait at least three business days after completing all paperwork. Work-study may not be used for this program.
  • You have a NOVACard with your student ID number displayed on the front. If not, go to NOVACard Services at any campus to obtain one.
  • Your account is free of holds. If you have a hold on your account, you will not be able to purchase books with financial aid.

Failure to Attend: If you do not attend at least one class meeting or participate in a distance learning class by the Census Date (Last Day to Drop with a Tuition Refund), your class registration will be administratively deleted. This means:

  • there will be no record of the class or any letter grade on your transcript;
  • the course credits will be deducted from your course load;
  • a reduction in credits may affect your student status – full-time or part-time;
  • you will not receive a tuition refund; and
  • your financial aid must be recalculated based on your revised enrollment status. Your financial aid award will likely change.

For financial aid purposes, dropping a class prior to the class start date or failing to begin a registered class at any point in the semester means that class cannot be counted toward your total hours and financial aid status. If you have already received more funds than can be justified based on a revised status, you will be required to repay the overpayment. You will not be eligible to re-enroll until the debt has been repaid.