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, applicants may check through their Applicant Status Page (prospective students) or their MyNova account (current students and students who are offered admission and deposit). In addition, all freshmen and transfer students who have submitted a complete aid application will receive a printed award offer via the US mail.
*Please Note: Early Decision Applicants for the 2020-2021 academic year can anticipate receiving an award offer on December 20.
Early Action and Regular Decision Applicants for the 2020-2021 academic year can anticipate receiving an award offer on April 1.
Returning Undergraduates students for the 2020-2021 academic year can anticipate receiving an award offer by July 15.
If you choose to reject any of these offers, send notification to the Office of Financial Aid 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.
Lastly, thoroughly and carefully read through the Financial Aid Assistance Booklet. Freshmen and Transfer students receive this booklet in the mail and there is a link to the booklet in their online award letter. Returning Undergraduate students have a link to this booklet in their online award offer, they will not receive the booklet or their award offer in the mail. You may also click on the link below to view your corresponding Financial Aid Assistance Booklet.
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 award.
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.