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Types of Financial Aid
Financial Aid award types include both federal, state, and school aid programs. The awards listed below are those offered at NSU to eligible students. Students should be mindful that the university can only award students up to the allotted amount of grant, scholarship/fellowship, and work-study funds.
Grants
|
Program |
Eligibility |
Award Amount
(per academic year) |
| Pell
Grant |
Awarded to
undergraduate students who have not earned a
bachelor's or a professional degree and are enrolled
in at least one credit hour. Recipients must be a US
citizen or eligible non-resident. |
$609-$5350 |
| Supplemental
Educational Opportunity Grant (SEOG) |
Recipients must be Pell Grant
eligible and have exceptional financial need. |
$100-$4000 |
| National Science &
Math Access to Retain Talent Grant (SMART) |
Recipients must be Pell Grant
eligible, enrolled in a degree-seeking program, and
majoring in an eligible baccalaureate program of
study (computer science, mathematics, engineering,
physical sciences, life sciences, technology).
Available to third and fourth year students with a
3.0 or higher cumulative GPA, and must successfully
complete 15 credit hours/semester. |
Up to $4000 |
| Teacher Education
Assistance for College and Higher Education (TEACH)
Grant |
Recipients must be a US citizen
or eligible non-citizen enrolled as an
undergraduate, post-baccalaureate or graduate
student and taking coursework necessary to begin a
career in teaching. Recipients must sign a TEACH
Grant Agreement to Serve. |
Up to $4000 |
| Federal Academic
Competitiveness Grant (ACG) |
Recipients must be Pell Grant
eligible, enrolled full-time in a degree-seeking
program, and have completed a rigorous secondary
school program of study. Available to first and
second year students with a 3.0 or higher cumulative
GPA, and must successfully complete 15 credit
hours/semester. |
$750-$1300 |
| College Scholarship
Assistance Program (CSAP) |
Recipients must be a Virginia
resident, enrolled full-time in a degree-seeking
program, and demonstrate exceptional financial need. |
$400-$5000 |
| Virginia Commonwealth
Award |
Recipients must be a Virginia
resident, enrolled at least half-time in an
undergraduate degree-seeking program, and
demonstrate financial need. |
Not to exceed cost of
tuition and fees |
| Virginia Guaranteed
Assistance Program (VGAP) |
Recipients must be a Virginia
resident, and graduate of a Virginia high school,
classified as a dependent student, enrolled
full-time in a degree-seeking undergraduate program,
demonstrate financial need, and have at least a 2.5
cumulative high school GPA. Renewing students must
maintain a 2.0 cumulative GPA. |
Not to exceed cost of
tuition and fees |
| Graduate Fellowship |
Recipients must be a full-time
degree-seeking graduate student with financial need
and/or academic merit. Continuing students must have
a cumulative GPA of 3.0. |
Up to cost of tuition |
Work-Study
|
Program |
Eligibility |
Award Amount
(per academic year) |
| Federal Work-Study |
Recipients must be US citizens or
permanent residents, enrolled at least half-time in
a degree-seeking program, and have financial need. |
$500 - $4500 |
| NSU Student Employment Program |
Recipients must be enrolled at
least half-time in a degree-seeking program. |
$500-$4500 |
Loans
|
Program |
Eligibility |
Award Amount
(per academic year) |
| Federal Perkins Loan
|
Recipients must be US citizens or
permanent residents, enrolled at least half-time in
a degree-seeking program, and have financial need. |
$500-$4000 (Undergraduate) $500
- $6000 (Graduate) |
| William D. Ford
Direct Student Loan (Subsidized) |
Recipients must be US citizens or
permanent residents, enrolled at least half-time in
a degree-seeking program, and have financial need. |
$3500 (Freshmen) $4500
(Sophomore)
$5500 (Juniors & Seniors)
$8500 (Graduate students) |
| William D. Ford
Direct Student Loan (Unsubsidized) |
Recipients must be US citizens or
permanent residents, enrolled at least half-time in
a degree-seeking program, and have financial need.
Dependent students can qualify for this additional
loan if the parent/guardian is denied for a PLUS
loan and verification of the denial is provided to
the Financial Aid Office. |
$4000 (Freshmen & Sophomores)
$5000 (Juniors & Seniors)
$12,000 (Graduate students) |
| PLUS Loan |
Borrower must be the parent of a
dependent undergraduate student. |
Up to cost of attendance |
| Alternative/Private
Loans |
Borrower is the student. A
co-signer may be required by the lending agency. |
Up to cost of attendance |
| Graduate PLUS Loan |
Borrower must be a
graduate/professional student, enrolled at least
half-time in a degree-seeking program. |
Up to cost of attendance |
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Timing is IMPORTANT!
Not only is applying for financial aid important, but completing the process is just as vital. Students are awarded based on their eligibility and the availability of funds at the time of awarding.
Although a student may have eligibility to receive certain aid types, these monies may be depleted by the time the award process takes place.
Accuracy is crucial and correcting financial aid application information delays the process of awarding. It is better to wait until all documents are in the student's possession prior to completing the application.
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NSU Financial Aid 700 Park Avenue
Norfolk, Virginia 23504
Contact Us |
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