College of Professional Studies (Part-Time Students)

To apply for financial aid, please adhere to the following process:

• 2018-2019 Free Application for Federal Student Aid (FAFSA)

If you are selected for the verification process, you will also need to submit the following to the Office of Financial Assistance:

• 2018-2019 Verification Worksheet
  
• Signed copies of the student’s (and spouse's if applicable) 2016 US Federal or Puerto Rico Tax Returns, including all schedules (if filed), and all 2016 W-2 and/or 1099 or 1099R forms
  
• If a dependent student, as determined by the FAFSA criteria, please complete the 2018-2019 Dependent Verification Worksheet and submit signed copies of custodial parent(s)’/stepparents’ 2016 US Federal or Puerto Rico Tax Returns, including all schedules (if filed), and all 2016 W-2 and/or 1099 or 1099R forms

As of October 1, 2017, the IRS Data Retrieval Tool is available for the 2018-2019 academic year.

*To complete verification, students and parents are strongly encouraged to 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.  Please view the Federal Verification Process for more information regarding completing this federal requirement.

Please Note: The documentation mentioned above is ONLY required if you are selected for the verification process.  You can determine if you are required to submit these documents by viewing your outstanding requirements via MyNova account.

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)/stepparent, if dependent.

All undergraduate students who file a FAFSA may be eligible to borrow Federal Direct Loans, which can be subsidized and/or unsubsidized.  Direct Subsidized Loans are available to students who demonstrate financial need while the Direct Unsubsidized Loans are awarded to students regardless of 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.

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 University and interested in borrowing a Federal Direct Loan, please contact the Office of Financial Assistance directly for information on how to apply.  Students will also need to provide a letter from the program they have applied to stating the pre-requisite courses required to be completed to be considered for admission.  The The Office of Financial Assistance will then verify the enrolled courses each semester.

If you are a new or returning undergraduate student in the Part-Time Studies Program who plans to enroll for at least 6 credits during the summer sessions, please notify the Office of Financial Assistance in writing by sending an email to finaidloan@villanova.edu from your email account. 

Please Note: In order to have your Federal Direct Loans secured for the summer term, the Office of Financial Assistance needs to be notified in advance of the start of the summer sessions.  We are unable to retroactively award Federal Direct Loans for the summer term once the summer sessions have concluded.

If you will be transitioning from the Part-Time Studies Program to the Full-Time Day Program in pursuit of your first bachelor's degree and will be assessed the full-time day program rates, you may be eligible for the need-based Villanova University Grant. In order to apply and be considered for the Villanova University Grant, you will need to submit the following:

2018-2019 Academic Year:

• 2018-2019 FAFSA
  
• 2018-2019 CSS Profile
• Submit a signed copy of your (and parent(s)'/stepparen's, if dependent) 2016 US Federal Income Tax, with all schedules & forms, 2016 W2s & 1099s to IDOC
  
• Written statement to the Office of Financial Assistance indicating the change in your academic plans.

The Office of Financial Assistance will not review or award Villanova University Grant eligibility until all of these steps are completed.