FIRST-YEAR STUDENT FINANCIAL AID PROCESS

In order to obtain a more thorough assessment of your family’s financial position, Villanova University requires the completion of the CSS Profile form for undergraduate students. The results of this form will be used to determine your eligibility for institutional need-based aid.

Students Applying for the 2023-2024 Academic Year

• Complete the CSS Profile online at https://cssprofile.collegeboard.org *Please note that if your legal parents do not live together, both of your parents (your custodial parent and your noncustodial parent) will need to complete a separate CSS Profile.
  
• Villanova University CSS Profile Code 2959

Villanova's Office of Financial Assistance reviews all prospective undergraduate applicants for financial assistance. Through this process, we compare information provided on the FAFSA and Profile forms to that which students and (in the case of dependent students) parent(s)/stepparent have reported on their tax forms and reconcile any differences.

Prospective freshmen will submit documentation to the College Board Institutional Documentation (IDOC) Service not to the Office of Financial Assistance.  We are unable to process any documents sent to our office via fax or postal mail at this time.

Please Note:  You will need an IDOC ID Number to upload the tax documents onto IDOC.  After the CSS Profile is processed you will receive an email from College Board with your IDOC ID Number and instructions regarding how to upload the documents.

The tax returns that you submit to IDOC must be the final returns that are submitted to the IRS. We cannot accept a draft or estimate.  

Documents Required:

• Signed copy of parent(s)'/stepparent's (custodial/noncustodial) 2021 Federal Income Tax Returns, with all forms, schedules and W2s
• Signed copy of student's 2021 Federal Income Tax Returns, with all forms, schedules and W2s

* *If you and/or your parent(s)'/stepparent were not required to file a Federal Income Tax Return, you must submit the Non-Tax Filer Form which is available through the student's IDOC dashboard.

*If you and/or your parent(s)'/stepparent filed a non US Federal Income Tax Return, you will need to submit a copy of your taxes translated into Engligh and converted to US Dollars using the exchange rate of the day the FAFSA was filed to IDOC.

Please allow up to 2 weeks processing time on all documents submitted to IDOC.  

Upon review of the financial aid applications and Federal Income Tax Returns, additional information may be requested.  To ensure that you are aware of the additional information that is being requested, the student should be monitoring their Applicant Status Page.  In addition, our office will email the student if their financial aid file is incomplete.   

• Financial Aid Notices will be posted to the student’s Applicant Status Page.
• In the Financial Aid Notice there will be a link to the Financial Assistance Booklet.  Read through this booklet carefully as it contains detailed information regarding each source of aid, costs, how aid eligibility can be impacted in future years, and financing options.
• Review your Financial Aid Checklist to determine if there are any outstanding items that are still required.  If there are outstanding requirements, your aid notice is tentative and subject to change pending the receipt and review of the documents.
• Report to the Office of Financial Assistance any outside scholarships, grants, or tuition remission you will receive (a copy of the letter should be submitted).
• Once an admission deposit is paid the student will be instructed to create a MyNova account where the student must accept, decline, reduce offer of aid.  The student will receive an email from our office with instructions on how to do so.
  
• Our office will contact you in early summer to complete Federal Student Loan Requirements

If there has been a change in your family's financial circumstances, you will want to submit the Request for Revision Form along with all supporting documentation to our office for a re-evaluation of aid eligibility.

If you did not file taxes and/or did not work, you will want to submit the Non-Tax Filer Form which is found on your IDOC dashboard.

Aid eligibility is re-evaluated each year as financial circumstances can change from year to year.  Therefore you must reapply for financial aid each year by submitting the FAFSA and Profile only.  If at a later date it is determined that tax documents are needed the student will receive an email from our office.

If your financial circumstances, as well as household size and number in college, remains the same each year then you can expect to receive the same financial aid each year.

The bill is issued electronically to the student via email.  The bill for Fall semester is issued in the beginning of July with a due date of August, while the bill for the Spring is issued in November with a December due date.

To find the bottom line amount that will be owed to the school, you will add the Direct Costs and then subtract all aid that has been offered (exlcuding Work Study).

It is possible that outside scholarships can affect your current aid offer.  Villanova University Grant when combined with outside privately funded or non/need based gift aid, scholarships, tuition benefits, and tuition remission cannot exceed need.  If need is exceeded, an adjustment is made to reduce self-help aid first (loans, Federal Work-Study) then grant funds.

If you have been notified that you will be receiving an outside scholarship, you will need to submit a copy of the letter to our office.