Step 5 - Receiving Your Aid Eligibility Notice

The award letter

After reviewing your completed Financial Aid Application materials, the Office of Financial Assistance will notify you of your aid eligibility, which you may check through MyNova.  In addition, all freshmen and transfer students who have submitted a complete aid application will receive a printed award letter via the U.S. mail.

If you choose to reject any of these offers, send notification to the Office of Financial Aid in writing or via email.

Some awards require special attention or further action, as noted in the award letter, to have the funds credit to your account.  Please make sure to follow all appropriate instructions to receive your financial aid awards.

Outside Awards

Many organizations (aside from Villanova University and State & Federal governments) offer excellent opportunities for scholarships, grants, and other forms of financial assistance. Students are responsible for handling respective applications, copies of transcript, and deadlines.

Note, however, that Federal regulations prohibit "over-awards" (funds received in excess of your calculated financial need and/or funds received in excess of your cost of attendance). Therefore, all outside scholarships, whether based on academic merit or financial need, will be factored into a student's financial profile. It is the student's responsibility to notify the Office of Financial Assistance concerning any outside awards received. The Office of Financial Assistance retains the right to make any necessary changes to a student's financial aid award.

Students interested in researching free outside scholarship opportunities can do so at the following websites:

Pay your balance with the Family Financing Option

The Family Financing Option, which may be listed on your award letter, is not an actual offer of assistance but rather a set of options designed to help you finance the estimated amount that you may need to cover your costs while enrolled at Villanova for the year.  This amount is determined by subtracting the total offered financial assistance (Federal, State, Institutional, and/or outside funding) from your annual cost of attendance. Please learn more about these financing options to determine which one best meets your needs.

 

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