Transcript Title of Presentation

Step One: Application Process
Student completes the Free Application for Federal
Student Aid (FAFSA)
http://www.fafsa.ed.gov
Priority deadline is March 15
School receives an electronic copy of the student’s
FAFSA information (the ISIR)
Step Two: Verification
Students are selected for verification by:
U.S. Department of Education
NSU
NSU must verify that the information provided on
the FAFSA is correct
Students may be required to submit:
Federal Tax Returns
Verification Worksheet
Documents are scanned
Corrections are made to the student’s FAFSA
Step Three: Awarding
Aid is awarded based on the student’s financial
need (Cost of Attendance minus Family
Contribution)
Our office awards all federal and state aid based
on eligibility
Students are mailed award letters
Scholarships may require separate application
Students must inform our office of any
scholarships they are receiving that are not
indicated on the award letter
Step Four: Award Acceptance/Disbursement
Students do NOT need to sign and return the award
letter unless they are making changes
First time student at NSU receiving a Ford or
Perkins loan must:
Complete Loan Entrance Counseling
Sign a Master Promissory Note
Aid Disbursement begins after the end of the
add/drop period
Refund process is administered by Student
Accounts
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Not applying early and/or on time
Parent/Student signature is missing from the FAFSA
The FAFSA is completed before tax returns are filed
Student fails to respond to requests for additional documents
The wrong documents are submitted…W2 vs.
1040/1040A/1040EZ
Student does not apply for scholarships
Student does not check their NSU Email or Spartan Shield
account daily and does not review the Financial Aid website
Student thinks that he or she is an independent student and
does not provide parental information
Student does not list Norfolk State’s school code (003765) on
the FAFSA
Student does not understand the Satisfactory Academic
Progress (SAP) Policy
1. Understanding the differences between
Financial Aid and Student Accounts
2. Lack of correct address and phone number
3. Reading and understanding the Financial Aid
Award Letter
4. Students do not understand the disbursement
and refund process
5. Getting students to pre-register early
6. Students make changes to the FAFSA after the
initial award process
7. Students’ not utilizing resources that are
available (i.e. Scholarship Guide, FA Web pages)
8. Students’ not aware of their aggregate loan
limits
9. Students’ failure to participate in Financial Aid
events (i.e. Financial Aid Awareness Month)
10.Students’ misunderstanding of the Summer
Financial Aid application process and eligibility
requirements
www.studentloans.gov
Sign in with your PIN that you used
to complete your FAFSA.
http://www.nsu.edu/financialaid/
Remind students to apply early
Inform students to seek financial aid counseling prior to dropping
courses and/or withdrawing from the University
Remove “I” grades quickly and report non-attendance in a timely
manner. This will impact SAP.
Assist students in locating scholarships.
(www.nsu.edu/financialaid/scholarships)
Refer students to the Financial Aid Office when they have
concerns regarding the awarding of financial aid.
Refer students to Student Accounts when they have concerns
about charges, disbursements, and balances on their account.
Remind students to check their NSU Email account and
SpartanShield.
Print student’s registration statement – This details financial
information.
Financial Aid Counselor
Darius Blount
Financial Aid Advisor
Ext. 8502
Malik A. Gladden
Directors
Kevin Burns
Melissa J. Barnes
Technical Systems
Janice M. Fields
Office Management
Director of Financial Aid
Ext. 8879
Associate Director
Ext. 8131
Assistant Director
Ext. 8410
Ext. 8128
For copies of this presentation
Visit www.nsu.edu/financialaid
Thanks for your participation!