Student Eligibility Requirements & Financial Need

Student Eligibility Requirements

To receive financial aid in the form of grants or loans you must:
  • · Be enrolled in at least 6 hours (it is possible to receive a Pell Grant with just 3 credit hours).
  • · Make satisfactory academic progress.
  • · Be admitted to NSU as a regular degree-seeking student. Students admitted under our Special Admission category are not eligible for financial aid.
  • · Not owe a federal grant repayment or be in default on a federal student loan.
  • · You must demonstrate financial need (except for the Unsubsidized Stafford Loan and Parent Plus Loan programs).

Financial Need

Financial need is the difference between your school costs and what your family can be expected to pay toward those expenses. Your Expected Family Contribution (EFC) is determined by the information you provide on the Free Application for Federal Student Aid (FAFSA). During this formulation income, assets, and household size are taken into consideration to determine your EFC. The EFC is the amount that the student and family are reasonably expected to be able to contribute to their own educational costs. Your EFC is used to determine your financial need by using the following equation:

Students Cost of Attendance (How much it will cost to attend NSU for an academic year) -
Students Expected Family Contribution (EFC) (How much family should be able to contribute) =
Students Financial Need (How much the student still needs to attend NSU)




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