Graduate Financial Aid
Graduate Financial Aid
Graduate students may be eligible for certain financial aid loans and a limited number of grant programs; however, they are not eligible for church matching grants. Students must be accepted to a graduate program at NNU and have submitted the Free Application for Student Aid (FAFSA) to receive federal assistance. NNU's Federal School Code is 001624. For specific information on available aid, consult with the Office of Financial Aid 208-467-8638 or 1-877-NNU-4YOU (1-877-668-4968).
Payment of Financial Aid
Financial aid awards from all programs will be disbursed (posted to student accounts) to pay University tuition and fees when all eligibility and enrollment requirements have been met.
Graduate students receive one-third of the year's total award each semester (fall, spring, summer) or it is disbursed equally between the semesters in which the student is enrolled. If a student is only enrolled for one semester, other regulations may apply.
Requirements for Financial AidFederal Grants and Loans
The United States Government, through the Department of Education, has made funds available for Federal grant programs. Graduate students are not eligible for a Federal Pell Grant once they have completed an undergraduate degree per Federal regulations.
Federal TEACH Grant:
NNU has chosen to participate in offering the TEACH Grant to students in master level programs pursuing teaching degree's in high need areas. To be eligible for the TEACH Grant a student must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA can be submitted online at www.fafsa.gov. The student must also plan to serve in a high need field, meet academic requirements of having a test score above the 75th percentile on a national test, have a cumulative GPA of 3.25 or higher, and enroll in a TEACH eligible program. Students must also complete TEACH entrance counseling and an Agreement to Serve if eligible. More information on this grant can be found at www.teach-ats.ed.gov.
Federal Direct Unsubsidized Loan:
An unsubsidized loan means that the government does not pay the interest on your loan while you are in school, in your grace period, or in deferment. A student must complete a FAFSA and a Master Promissory Note (MPN) at www.studentloans.gov to apply for this loan. Other steps such as Federal Verification may be necessary to be eligible. Students who have not borrowed, have a $0 balance, or haven't borrowed for ten or more years must also completed entrance counseling at this website. Repayment begins 6 months after graduation or discontinuance of at least half-time, degree-seeking enrollment. If any of these take place, a student should complete exit counseling at the website above to better understand repayment and their options.
Students Rights and Responsibilities
As recipients of Federal student aid, students have certain rights and responsibilities. NNU believes that knowing what these rights and responsibilities are will put students in a better position to make decisions about their educational goals and the best means to achieve them.
Student RightsStudent Responsibilities
All students must:
1. Pay special attention to the application for Federal student aid, complete it accurately, and submit it on time to the processor. Errors may delay or prevent a student from receiving aid.
2. Know and comply with all deadlines for applying or re-applying for aid.
3. Provide all documentation, corrections, and/or new information requested by the Office of Financial Aid.
4. Notify the University of any information that has changed since applying for financial aid.
5. Read, understand, and keep copies of signed documents.
6. Repay any student loans. When a promissory note is signed, it is an agreement to repay the loan.
7. Complete entrance counseling (incoming students) and exit counseling (outgoing students) online if the student has a Federal Perkins Loan or Federal Direct Student Loan.
8. Notify the University of a change in name, address, or attendance status. If a student has a Federal Direct Student Loan, they must also notify the servicer of their loan of these changes.
Refund for Students Who Withdraw From CoursesRefund Distribution
Federal student financial aid is awarded under the assumption that the student will be enrolled for a specified period of time, such as a semester. Therefore, NNU must evaluate federal aid and determine if an adjustment of Title IV funds is required any time a student withdraws from any course at NNU and does not certify his or her intent to return in another session before the end of the semester.
Refund for Students Who Withdraw From CoursesStatement of ChargesCollection Charges