Fall/Winter

Fall/Winter
Nova Southeastern University
Enrollment and Student Services
Dollar$ and $ense
FALL/WINTER 2012
File Your FAFSA Every January for Financial Aid
It may be early for New
Year’s resolutions, but
when it comes to financial
aid, the early bird catches
the worm.
The 2013-2014 Free Application for Federal Student
Aid (FAFSA) will become
available on January 1,
2013, at www.fafsa.gov.
The earlier you apply, the
better! Some financial aid is
awarded on a first come,
first-served basis. In addition, many scholarships
require you to complete the
FAFSA.
However, filing accurately is
equally important, because
careless mistakes and discrepancies in information
can delay the financial aid
process. Prepare now by
checking on your PIN
status, or applying for a PIN
which is used each year to
electronically apply for aid
and to access your personal records. If you are a
first-time filer, start learning
about the process at http://
studentaid.ed.gov/fafsa. It is
important to begin gathering
necessary documents and
information now.
For detailed information
about the NSU financial aid
process, deadlines, and
access to forms, visit
www.nova.edu/financialaid.
www.fafsa.gov
NSU Federal
School Code
001509
www.nova.edu
/financialaid
The first 40 currently
enrolled NSU veteran
students in attendance
received a $100 Barnes and Nobles gift
card.
Posting of the Colors, presented
by the Town of Davie, Fire Rescue Department, Honor Guard.
December 20, 2012
Registration deadline for the
winter 2013 semester for
undergraduate students
December 28, 2012
Disbursement date for
winter 2013 semester aid.
HOWEVER, do not expect
a refund before the first
week of January 2013 due to
bank holidays and year-end
closing.
NSU Salute to Veterans and Service Members
NSU proudly recognizes
the contributions of servicemen, servicewomen,
and their families to our
country. The fourth annual
NSU Salute to Veterans
and Service Members,
hosted by the Office of the
President, took place Monday, November 19, at 5
p.m., in the Miniaci Performing Arts Center. All
veterans and service members were cordially invited
and encouraged to attend
this celebratory tribute.
IMPORTANT DATES
The event also served
as a kick-off for the
University’s Toys for
Tots campaign. Collection boxes for donations may be seen
around campus
through December 7,
2012.
January 1, 2013
The Free Application for
Federal Student Aid
(FAFSA) for the 2013-2014
academic year becomes
available at www.fafsa.gov
January 13, 2013
Drop/Add deadline for undergraduate students interested in receiving state
grants such as the Florida
Bright Futures Scholarship,
FRAG, and FSAG
INSIDE:
 Dropping A Class?
Be sure to do it right
 What to Consider When
Consolidating Loans
 Number of Credits
Needed for Financial Aid
 Buzz on Scholarships
 Veteran student
information
and more...
How Many Credits Do You Need for Financial Aid?
The Short Answer: It Depends!
Pell Grant
1 - 12 or more financial aid eligible credits*
Many factors determine a stu-
Florida Resident Access Grant
(FRAG)
12 or more financial aid eligible credits
(9 credits for nursing students)
ing general eligibility require-
Florida Student Assistance Grant
(FSAG)
12 or more financial aid eligible credits
(9 credits for nursing students)
ments, cost of attendance, aca-
Florida Bright Futures Award
6 or more financial aid eligible credits
parents’) financial situation and
NSU Honor Award
(undergraduates only)
12 or more financial aid eligible credits
residence, and the availability of
TEACH Grant
1 - 12 or more financial aid eligible credits*
funds. Another important factor
that can make or break the receipt
Federal Direct Subsidized and
Unsubsidized Loans
Half-time**
of financial aid is the student’s
Direct PLUS Loans
Half-time**
Scholarships
Varies ~ Usually 12 or more financial
aid eligible credits for undergraduates and 6
or more credits for graduates
Federal Work-Study
1 - 12 or more financial aid eligible credits
dent’s financial aid award, includ-
demic record, the student’s (and
enrollment status. How many
credits you need for financial aid
depends on the type of financial
aid you are looking to receive.
For more information, see the
chart to the right.
*The grant amount is prorated when you enroll less than full time.
** Half-time enrollment is defined as 6 credits per semester for all undergraduate students. For
graduate and first professional students, your program of study defines half-time status.
When Time is Not Your Friend
Exceeding the Maximum Time Frame for Financial Aid Eligibility
Students must complete their program requirements within 150
percent of the published length of
their program. Once students
reach the 150 percent mark, they
are no longer eligible to receive
any financial aid at NSU. The
maximum time frame stipulation is
one of four criteria students must
meet in order to maintain Satisfactory Academic Progress (SAP).
It would seem like 150 percent
should give students plenty of
time to finish their program of
study before running out of funds.
For instance, undergraduate students requiring 120 credits to
graduate may receive financial
aid for up to 180 credits. Likewise,
master’s students who need 60
credits to graduate may receive
financial aid for up to 90 credits.
Pay special attention to the
maximum time frame
stipulations if you:
 Change your major
 Transfer credits from
other institutions
 Repeat coursework
However, what many students do
not realize is that the clock starts
ticking with the start of the very
first class within a degree level.
Each course attempted is included in the maximum time
frame calculation regardless of
whether a course was dropped or
failed, transferred, taken at another institution, or taken for a
program or major no longer pursued. What also surprises students is that they will not receive
any financial aid beyond the maximum time frame even if they have
not previously received financial
aid. The only time the clock gets
reset is when the student graduates and starts a new program.
For details on NSU’s Satisfactory
Academic Progress requirements,
visit www.nova.edu/sap.
PAGE 2, Dollar$ and $ense, FALL/WINTER 2012
Need to drop a class?
Be sure to do it right!
Undesired consequences
may include:
The best time to drop a course is
either before the class has started
or during your program specific
add/drop period. During this time,
you can drop your class via SharkLink as follows:




Log into SharkLink.
Access the student tab, locate
the Records & Academics section, and click Course Information.
Select Registration-Add/Drop.
Continue as prompted.
If you want to drop a course after
the add/drop period has passed,
(usually the end of the first week of
class) you need to contact your
academic advisor and complete a
Student Transaction Form (STF).
The date you submit the completed
STF is the effective date used for
official records and billing purposes.
Grade F
Loss of Financial
Aid
exact drop deadlines and refund
policies. If you withdraw after that
time and up until three weeks prior
to the end of the semester, a
grade of W will be recorded on
your official transcript. Your record
will be sealed 30 days after the
close of the semester and no further adjustments will be made.
Please remember: It is your responsibility to make sure you have
been dropped from a course. Simply informing your professor or not
attending class will not protect you
from consequences to your grade
or your financial responsibilities. If
you never attend or stop attending
your class and fail to complete the
proper drop procedure, you will be
held responsible for payment and
receive a grade of F.
If dropping after the
add/drop deadline, check
with a financial aid counselor to determine how
your financial aid may be
affected.
The last day to drop a course without record is generally at the end
of the fourth week of a semester;
however, students are advised to
check with their program office for
Print Your Enrollment Verification for Free Through SharkLink
Your enrollment verification provides details on whether you are
enrolled full-time, half-time, or
less than half-time for the current
semester as well as your enrollment status for previous semesters at NSU. Enrollment verifications are frequently requested by
insurance companies, scholarship providers, employers, and
loan companies to verify your
enrollment status.
The National Student Clearinghouse (NSC) is NSU’s authorized provider of enrollment verification through Student SelfService. The service is free,
easy to use, secure, and avail-
To access Student Self-Service
and to print an official copy of
your enrollment verification,
follow these steps:
able online 24/7. Besides enrollment,
Student Self-Service allows you to
check deferment forms, electronic
notifications sent to your lenders,
and to link to real-time loan information. For more information, visit
www.studentclearinghouse.org.

Login to SharkLink.

Access the student tab and
locate the Records & Academics section.

Click on Loan Deferments
and Enrollment Verification.

You will be redirected to the
NSC Web site.

Here you may obtain enrollment certificates for your
current enrollment or all enrollment at NSU.
PAGE 3, Dollar$ and $ense, FALL/WINTER 2012
What to consider when
Debt Management
Services
Did you know that NSU is one of
the few institutions in the nation
A Direct Consolidation Loan allows
with its own debt management
you to consolidate (combine) multi-
department? You can gather lots
ple federal student loans into one
of information, strategies, and tips
loan. Although the idea of simplify-
on the financial aid Web site at
ing your repayment may seem ap-
www.nova.edu/financialaid/tips/
pealing, there are also reasons why
debt.
consolidation may not be in your
best interest. You may end up re-
You can also schedule a free one
placing a lower interest rate with a
-on-one debt management coun-
higher one or a shorter repayment
seling session to discuss strategic
period with a longer one. Each stu-
borrowing tips, credit card man-
dent’s loan portfolio is different and
agement strategies, loan repay-
no one solution fits all. Students are
ment options, loan consolidation,
strongly advised to carefully weigh
and loan forgiveness opportuni-
all consequences before consolidat-
ties by calling (954) 262-7438 or
ing.

Loss of grace period

Loss of subsidized interest
(954) 262-7549.
benefits on Perkins Loans

Single monthly payment

More manageable monthly payments



Loss of other benefits of the
Perkins Loans

Reduces the interest rate on
Extended repayment is optional, not mandatory
some PLUS loans

You can only consolidate once
Resets the clock on deferments

Inferior loan discounts
and forbearances

Capitalization at status
Restarts the loan term on loans
already in repayment


Switch lenders for better loan
changes

You don’t need to consolidate
to get extended repayment
discounts
The reasons for and against consolidation listed above are published on
the FinAid.org Web site at www.finaid.org/loans/whyconsolidate.phtml.
There you will find an explanation for each of the reasons listed above.
Please note that the Office of Student Financial Assistance does not endorse this or any other third party Web site that offers financial aid advice.
If you would like help with your decision, you can schedule a free
one-on-one debt management counseling session by calling (954)
262-7438 or (954) 262-7549.
NSLDS
Your Federal Financial Aid
History All in One Place
www.nslds.ed.gov
The National Student Loan Data
System (NSLDS) is the U.S. Department of Education’s central
database for student aid. It tracks
your loans from the time you apply until you complete repayment
and lets you see details like loan
type (e.g., subsidized, unsubsidized), loan amount, amount disbursed, amount you currently
owe, and more. You may also
view your federal grant history,
including scheduled and disbursed award amounts, as well
as your lifetime eligibility used for
the Federal Pell Grant. Please
note that private loans and state
grants/scholarships are not included. For more information,
visit www.nslds.ed.gov.
PAGE 4, Dollar$ and $ense, FALL/WINTER 2012
University Call Center
Need Help Bridging the $ Gap?
Here for You 24/7
ESS May Be Able to Help
Did you know that NSU is one of a
few universities with its own call
center?
If you have held an overdue out-
registering for the next semes-
standing balance during the last
ter,”
semester, you may have received
Waldman, GAP Team Leader
a phone call from a friendly rep-
and
resentative from Enrollment and
“Usually, we are able to help.”
Student
The
Some students may need a little
aims at
extra help in navigating the fi-
reaching out to students who
nancial aid process, others are
have a gap between their finan-
unaware that they have remain-
cial resources and costs. “We try
ing financial aid eligibility.
Services
(ESS).
ESS “GAP” initiative
says
Luisa
Collections
ArroyaveManager.
(954) 262-3380
800-806-3680
Why Wait for the Mail
When There s
Direct Deposit?
to reach students as early as
possible so that we may present
If you don’t know how to pay
them with options before the se-
your
mester is over and the hold on
don’t delay. Contact ESS for
their account prevents them from
assistance.
outstanding
Obtain information on your
financial aid, student account, or
registration 24/7 by calling:
balance,
Direct Deposit is an expedient,
safe, and environmentally
friendly way to receive your fi-
800-541-6682 ext. 25200 or (954) 262-5200
nancial aid refunds to your personal checking account. No need
to wait for the mail and stand in

Payment Plans

Loan Repayment

Payment Arrangements

Third Party Billing
line at the bank to cash your

NSU eBill

Direct Deposit
check. To set up direct deposit

Holds

Refunds
visit the Web to access the Direct
Don’t know the status of your student account or financial aid?
Deposit Authorization form at
www.nova.edu/bursar/refunds/
Login to SharkLink using your NSU User Name and Password.
Click on the student tab and locate the financial aid and billing
account sections.
direct_delivery.html.
PAGE 5, Dollar$ and $ense, FALL/WINTER 2012
7
Easy Steps for Financial Aid Success
Following is a brief description of important steps in the annual financial aid
process. For more detailed instructions,
visit the NSU financial aid Web site at
www.nova.edu/financialaid.
1
Complete the FAFSA
Complete the Free Application for Federal Student Aid (FAFSA) annually,
which becomes available each January
1 at www.fafsa.gov.
2
Plan for Housing and Meals
Your financial aid budget includes a
housing and meal component. Please
ensure that your budget covers these
expenses if you intend to live on campus. For more information on housing,
visit Residential Life & Housing at
www.nova.edu/reslife.
3
Check Your Financial Aid Status
Access your financial aid status via
SharkLink’s student tab to ensure that
you have no outstanding requirements.
Now is a good time to confirm your admissions status. You must be fully admitted in order for your financial aid
funds to disburse.
4
Submit Additional
Documentation
Accept, Reduce, or Decline Your
Loan(s) or FWS Award in WebSTAR
5
Some students may be required to
submit additional documents prior to
being awarded. You will be notified
of outstanding requirements via your
NSU email. Your requirements
(outstanding and completed) can
also be viewed via SharkLink. (On
the student tab, locate the financial
aid section and click: My financial
aid > Eligibility > Student Requirements.)
If you are interested in receiving
student loans, you will be required
to complete a Direct Loan Master
Promissory Note (MPN). If you are
applying for a Direct PLUS loan for
the first time as a graduate student,
a first professional student, or a parent borrower, you or your parent(s)
will be required to complete a PLUS
MPN that is separate from the MPN
used for Direct Subsidized and Unsubsidized loans.
Provided you have met all eligibility requirements and submitted
all requested documents, you will
receive your Award Notice via
your NSU email
or the U.S.
Postal Service. Before accepting
your awards, carefully review the
terms and conditions of your
Award Notice.
Your Award Notice will provide you
with detailed instructions on how to
accept, reduce, or decline your financial aid award.
6
Additional Requirements
If you are a first-time federal loan
borrower, you will also be required to
complete an Entrance Interview
before your loan funds can be disbursed. If you have accepted a Federal Work-Study award, you must
complete an online student employment workshop and submit a completed Student Employment Application.
7
Register for Classes
All students awarded federal loans
must be enrolled at least half time.
Half-time enrollment is defined as 6
credits per semester for all undergraduate students. For graduate and
first professional students, your program of study defines half-time
status. Enrollment requirements for
federal and state grants vary. Students need to familiarize themselves
with the enrollment requirements defined by their program offices, as well
as by the financial aid program
through which aid is received. Be
sure to register early to ensure timely
disbursement of your financial aid.
The Buzz on Scholarships
Barnes and Noble
Book Scholarship





Open to undergraduate, graduate,
and international students
Must have been registered for the
fall 2012 semester
Academic excellence will be considered in the awarding process.
Students must submit applications
along with most current copies of
receipts from the NSU bookstore.
Applications become available
December 1.
www.nova.edu/financialaid/
scholarships/institutional.html
/
ova.edu
www.n
alaid/
financi
ships/
scholar
SU
Visit N
ship
Scholar
e !!!
Web sit
Did you know that you could
possibly win a scholarship
just by taking a quiz?
The Common Knowledge Scholarship
Foundation awards scholarships
through the use of internet-based quiz
competitions. Students who answer
the most questions in the shortest
amount of time are declared winners.
Check it out at: www.cksf.org/
PAGE 6, Dollar$ and $ense, FALL/WINTER 2012
Frequently Asked Questions
FINANCIAL AID
Q: How can I keep track of my lifetime
Pell Grant eligibility ?
The Consolidated Appropriations Act
of 2012 has reduced a student’s lifetime eligibility for Pell Grants from
18 full-time semesters (or its equivalent) to 12 full-time semesters or
600% eligibility. This regulation took
effect July 1, 2012. Therefore, if you
are a Pell Grant recipient, you need to
plan carefully so that you do not run
out of funding before you finish your
degree. You can track your used and
remaining eligibility via the National
Student Loan Data System (NSLDS).
NSLDS is the U.S. Department of
Education’s central database for student aid. It tracks your loans as well
as your federal grants. For more information, visit www.nslds.ed.gov.
BURSAR
REGISTRAR
Q: When will I receive my financial
Q: What is
?
aid refund for winter?
A: Generally, the Office of the University Bursar processes refunds within
10 days once a credit balance appears on the student’s account. However, winter semester refunds will
not be processed before the first
week of January 2013 due to bank
holidays (Christmas Day, New
Year’s Day) and the calendar yearend closing on December 31. Please
make arrangements to pay for costof-living expenses, books, and other
applicable expenses until excess
funds are issued. Students who may
be eligible for the Bookstore Advance Purchase Program (BAPP)
will receive an email notification. To
find out more about BAPP, visit
www.nova.edu/bapp.
A: Curriculum, Advising and Program
Planning (CAPP) is NSU’s online
degree evaluation system designed
to help students achieve their academic goals more efficiently. CAPP
Degree Evaluation, which is accessed
through SharkLink, enables students
to measure academic progress toward
degree requirements. Note that because students’ CAPP Degree
Evaluation is unofficial, students
should consult their academic advisor/program office for detailed program requirements and course options. More information can be found
online at www.nova.edu/capp.
Q: What is a Degree Application and
when should it be submitted ?
.
A:
Q: I have failed Satisfactory Academic
Progress (SAP). What are my options?
A: If you have failed SAP, you are ineligible to receive any federal and state
financial aid for the following academic year, and you will be responsible for tuition, fees, and other institutional charges. Your financial aid
eligibility may be reinstated after the
next annual evaluation, provided you
have successfully met all SAP requirements.
In extenuating circumstances, you
may appeal the denial of student financial assistance by submitting a
completed SAP Appeal Form within
30 days of receipt of your denial notice. For more information, visit
www.nova.edu/sap.
Q: Why should I sign up for
electronic delivery of IRS Form
1098-T?
A: NSU is required to provide each
eligible student with a copy of his or
her Form 1098-T every January.
This form serves to alert students
that they may be eligible for federal
income tax education credits.
Online delivery is faster and more
secure than the traditional mailing
process, because it eliminates the
chance of the form getting lost,
misdirected, or misplaced once
received. Plus, with electronic delivery, you can access your current and
past years’ 1098-T tax information
any time online. For more information, and to sign up for electronic
delivery, visit www.nova.edu/
bursar/tax1098.html.
A Degree Application states your
intention of applying for an academic degree from NSU and is required for degree conferral. A Degree Application should be submitted by the time you reach your last
academic semester. Only one Degree Application can be submitted
for each anticipated NSU degree.
Existing holds and outstanding balances on your student account will
not prevent degree conferral, but
failure to complete and submit a
Degree Application in a timely manner will affect your degree conferral
date. While your degree conferral
will be duly noted by the NSU
Board of Trustees, your diploma,
transcript, or degree verification will
not be released until all financial
obligations are met. Other important
instructions related to degree applications, diplomas, and costs can be
found on the Web at www.nova.edu/
registrar/instructions.html.
PAGE 7, Dollar$ and $ense, FALL/WINTER 2012
Veterans Education Benefits Update
NSU Continues Commitment
with Yellow Ribbon
View Your Post-9/11
Benefits on eBenefits
The Yellow Ribbon Scholarship
Program was established under the
provisions of the Post-9/11 Veterans Educational Assistance Act of
2008. This program allows institutions of higher learning to voluntarily
enter into an agreement with the
U.S. Department of Veterans Affairs
to fund tuition and fees. NSU has
elected to continue its participation
in the Yellow Ribbon Program. Effective August 1, 2012, NSU has
entered into an open-ended agreement to provide a dollar-for-dollar
match to fund Yellow Ribbon Scholarships. For more information, visit
www.nova.edu/financialaid/
veterans/yellow_ ribbon.html.
Updates to the eBenefits Web
site now allow Post-9/11 GI Bill students to view their entitlement and
enrollment information online. Veterans may view their VA education
benefit enrollment information, including eligibility dates, amounts of
entitlement used and remaining,
and enrollment history. Spouses
and dependents of service members may also access eBenefits.
For more information, veterans can
visit https://www.ebenefits.va.gov/
ebenefits-portal/ebenefits.portal.
Did You Know? VA Quick Facts and Figures


During the next five years,
more than 1 million activeduty personnel will add
themselves to the ranks of
America’s 22 million veterans.
The Post-9/11 GI Bill will
help pay the educational expenses of more than
606,000 service members,
veterans, family members,
and survivors during the next
fiscal year.

In 2013, VA anticipates
treating over 610,000 Operation Enduring Freedom,
Operation Iraqi Freedom,
and Operation New Dawn
veterans, which amounts to
an increase of nearly 10%.
Horvitz Administration Building
3301 College Avenue

New VA Hospitals are to be
built during the next few
years in Denver, Las Vegas,
Orlando, and New Orleans.
Source: Department of Veterans Affairs (VA)
NSU veteran students can find detailed information online about
education benefits at
www.nova.edu/financialaid/veterans/.
Fort Lauderdale, FL 33314-7796
Web site: www.nova.edu/financialaid
Phone:
(954) 262-3380
Toll Free:
800-806-3680
Fax:
(954) 262-3966
Email:
[email protected]
Other email contacts:
Office of the University Bursar
[email protected]
Office of the University Registrar
[email protected]
Help Desk
[email protected]
Dollar$ and $ense
[email protected]
PAGE 8, Dollar$ and $ense, FALL/WINTER 2012
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