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Step 5 - Receiving Your Aid Eligibility Notice

The Financial Aid Notice

After reviewing your completed Financial Aid Application materials, the Office of Financial Assistance will notify you of your aid eligibility, applicants may check through their Applicant Status Page (prospective students) or their MyNova account (current students and students who are offered admission and deposit). 

*Please Note: Early Decision I Applicants for the 2021-2022 academic year can anticipate receiving a financial aid notice on December 21.

Early Decision II Applicants for the 2021-2022 academic year can anticipate receiving a financial aid notice in March.

Early Action and Regular Decision Applicants for the 2021-2022 academic year can anticipate receiving a financial aid notice on April 1.

Returning Undergraduates students for the 2021-2022 academic year can anticipate receiving a financial aid notice by July 15.

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

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

Lastly, thoroughly and carefully read through the Financial Aid Assistance Booklet.  There is a link to the booklet in the online financial aid notice.  You may also click on the link below to view your corresponding Financial Aid Assistance Booklet.

2021-2022 Financial Aid Booklet for Entering Freshmen and Transfer Students

2020-2021 Financial Aid Booklet for Returning Undergraduate Students

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. If need is exceeded, an adjustment is made to reduce self-help aid first (loans, Federal Work-Study) then grant funds.

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 offer.

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

Pay your balance with Other Funding Opportunities

Other Funding Opportunities, which may be listed on your financial aid notice, 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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