2022-2023 Terms and Conditions of Your Financial Aid Award Offer

4 your lifetime eligibility, log into studentaid.gov . If you have been awarded a Pell Grant, the initial award amount is based on full-time enrollment in degree-applicable coursework and prorated for less than full-time enrollment. For more information, visit nova.edu/financialaid/undergraduate/grants/pellgrant.html . Federal Supplemental Education Opportunity Grant (FSEOG) Funding for the FSEOG is limited. It is awarded to Pell Grant- eligible undergraduate students based on the date of their FAFSA submission and exceptional financial need. Teacher Education Assistance for College and Higher Education (TEACH) Grant To be eligible for TEACH Grant funds, you must be enrolled in a TEACH Grant-eligible program in coursework that is necessary to begin a career in teaching or you must plan to complete such coursework. You must also sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach • in a federally defined “high-need field” • at an elementary school, secondary school, or educational service agency that serves students from low-income families • for at least four complete academic years within eight years after completing or ceasing enrollment in the course of study for which you received the grant NOTE: If you do not complete the service obligation, all TEACH Grant funds you received will be converted to a Federal Direct Unsubsidized Loan with accrued interest added as of the date of initial disbursement. FLORIDA GRANTS AND SCHOLARSHIPS (FLORIDA RESIDENTS ONLY) Grants and scholarships generally do not need to be repaid. Provided you remain eligible, these funds will automatically be credited to your student account. You do not need to actively accept these funds in SharkLink. Students (or parents of dependent students) must provide adequate documentation that they have been legal Florida residents for 12 consecutive months prior to the first day of classes of the semester for which assist- ance is given. For detailed information on Florida aid programs and residency requirements, visit the Florida Department of Education’s website at floridastudentfinancialaidsg.org . If you are an undergraduate student and have been awarded an Effective Access to Student Education (EASE) Grant or a Florida Student Assistance Grant (FSAG) , you must enroll for at least 12 degree-applicable credits each semester/term (9 credits for nursing students) by the end of the add/drop period for the first part of term for each semester/term. Students who enroll less than full time in degree-applicable coursework are not eligible to receive aid from these programs, and their awards will be canceled. To receive a Florida Bright Futures award, you must enroll in at least 6 degree-applicable credits each semester/term by the end are requesting aid, or be enrolled in preparatory coursework necessary for admission to a degree program • register for all classes at the beginning of the first part of the term if you are enrolling in a programwith multiple parts of term For undergraduate students, the OSFA will use the student’s enrollment status at the end of the add/drop period for the first part of term to calculate financial aid eligibility. Therefore, changes in enrollment status after this period will generally not increase a student’s financial aid award amount. • maintain Satisfactory Academic Progress (SAP) SAP is used to define successful completion of coursework to maintain financial aid eligibility. Different requirements apply for federal and state programs. Federal SAP requirements include qualitative measure (grade point average), quantitative measure (annual credits successfully completed), maximum time frame (total allowable credits), and pace (overall credits successfully completed). For more details, including specific requirements for maintaining SAP for state aid, visit nova.edu/sap . • accept, decline, or modify all or a portion of your loan and/or Federal Work-Study (FWS) offer(s) prior to the end of the semester/term This is not a requirement for grant and scholarship awards. Please follow the step-by-step instructions below to access your award offer and to accept, decline, or modify all or a portion of the financial aid offered to you. 1. Log in to SharkLink at sharklink.nova.edu using your SharkLink I.D. and password. 2. In the “Finances” section, select the “Award Decision” tab. 3. Click on the “View More” button to access your financial aid award offer.” 4. Select “Accept, Decline, or Modify” to act on your award(s). To determine the award amount(s) you would like to accept, select “Modify” and enter the amount. Once you have decided on your award amount(s), click the “Submit” button. It is strongly recommended that you complete this process prior to the end of the semester/term to avoid interruptions in eligibility. If you do not take any action, your award(s) will not disburse. Keep in mind, however, funding may no longer be available after the end of the semester/term. 1. To determine the award amount(s) you woulunding may no longer be available after the end of the semester/term. You must abide by the terms and conditions of any of the following financial aid award offers you have received. FEDERAL GRANTS Federal Pell Grant Pell Grant recipients are eligible for a maximum award duration of 12 full-time semesters (or the part-time equivalent). To track