Students matriculated in the Part-Time Studies program may be eligible for federal and state assistance as a means of financing their undergraduate degree. We recommend that new students apply for financial assistance at least two months prior to starting their program so that aid is in place at the start of the semester. Returning Part-Time students need to re-apply for aid by April 30. To apply for financial aid, please adhere to the following processes:
2013-2014 Financial Aid Process
- 2013-2014 Free Application for Federal Student Aid (FAFSA)
- 2013-2014 College Board Verification Worksheet
- Signed copies of the student’s 2012 US Federal or Puerto Rico Tax Returns and all schedules (if filed) and all 2012 W-2 and/or 1099 or 1099R forms
- If a dependent student, as determined by the FAFSA criteria, please complete the 2013-2014 College Board Verification Worksheet and submit signed copies of custodial parents’/stepparents’ 2012 US Federal or Puerto Rico Tax Returns and all schedules (if filed) and all 2012 W-2 and/or 1099 or 1099R forms
*To complete verification, students and parents can use the IRS Tax Data Retrieval Tool when filling out the FAFSA. If you are not eligible for the DRT, please request an official IRS tax transcript.
By using the above documentation that we receive from you, the Office of Financial Assistance will verify your information. If a discrepancy or conflicting information is found, we may need additional documents from you to complete the verification process. Our office will notify you in writing if an item is missing or incomplete in order to complete this review. Please note that if you do not use the IRS Tax Data Retrieval Tool when completing the FAFSA, we will need a copy of the IRS Tax Return Transcript for both the student and parent(s), if dependent.
Students are eligible for financial aid as long as they are matriculated/degree-seeking in a program, maintain at least 6 credits per semester, and maintain Satisfactory Academic Progress. Non-matriculated students in a Part-Time Studies program are not eligible for financial aid until they are admitted as degree-seeking students.
Transitioning to Full-Time Day Program
If you will be transitioning from the Part-Time Studies division to the full-time day program in pursuing your first bachelor's degree and will be assessed the full-time day program rates, you may be eligible for Villanova University Grant. In order to apply for and be considered for Villanova University Grant, you will need to submit a 2013-2014 CSS PROFILE and also contact the Office of Financial Assistance in writing with the change in your academic plans. The Office of Financial Assistance will not review for Villanova University Grant unless these steps are completed.
Types of Financial Aid
All undergraduate students who file a FAFSA are eligible to borrow Federal Direct Loans, which can be subsidized and/or unsubsidized. Direct Subsidized Loans are available to students who demonstrate financial need.
First-time undergraduate students who file a FAFSA are reviewed for the following forms of aid:
- Federal Pell Grant, for exceptional financial need
- PHEAA State Grant, for PA residents with demonstrated financial need
The Office of Financial Assistance will notify you of your loan and/or grant eligibility in the financial aid award letter we send to you.
If you are a new or returning undergraduate student in Part-Time Studies who plans to attend at least 6 credits in the summer sessions, please notify the Office of Financial Assistance in writing by sending an email to firstname.lastname@example.org from your email account. Please note that in order to have financial aid secured for the summer terms, the Office of Financial Assistance needs to be notified in advance of the start of the summer sessions. We are unable to retroactively award financial aid for the summer terms once the summer sessions have concluded.
In accordance with the regulations governing Federal Student Aid, students who are enrolled in pre-requisite or preparatory coursework for admission into a degree-seeking undergraduate or graduate degree are eligible for a limited amount of Federal Direct Loans. A preparatory course of study is considered to be at the undergraduate level, and so the annual loan limits for a student enrolled in a preparatory course of study are the same as the limits for a first-time undergraduate student, even if the coursework is at the graduate level.
A student enrolled in a preparatory course of study is only eligible for funding from the Direct Loan Program and for no more than 12 consecutive months. If the student continues enrollment in a preparatory course of study that exceeds 12 consecutive months, the student ceases to be eligible for Direct Loans after the 12-month period.
If you are a student enrolled in at least 6 credits per semester in pre-requisite or preparatory coursework at Villanova and interested in borrowing a Federal Direct Loan, please contact the Office of Financial Assistance directly for information on how to apply.
To check on the status of your application or to confirm that items were received, please visit the myNOVA site where you can access your financial assistance records online.