Graduate Financial Aid

Graduate Financial Aid

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 Aid

To receive any financial assistance, students must meet the following requirements:

• Be admitted to NNU as a degree-seeking student.

• Be a U.S. citizen or an eligible noncitizen.

• Be enrolled for 3 or more credits for most federal programs.  Audited courses, some repeated courses, and credit by examination credits cannot be counted.

• Demonstrate satisfactory academic progress toward a degree according to NNU policy which can be found at www.nnu.edu/gradsap. 

• Have a valid social security number.

• Register with Selective Service, if required to do so.

• Not be in default on any federal student loans, nor have borrowed in excess of loan limits, nor owe a refund on any grant under Title IV federal student aid programs.

• Not be ineligible based on a drug conviction.

Restriction 

The Office of Financial Aid sets a maximum amount (cost of attendance per school year) that a student cannot exceed in total aid received for that year. In certain cases where the maximum cost of attendance is exceeded, the Office of Financial Aid will reduce aid until the total amount given/borrowed is below or equal to the cap set on cost of attendance.

Federal 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 Rights

All students have the right to know:

1. The cost of attending a particular school and what the school’s policy is on refunds to students who withdraw.

2. What financial assistance is available.

3. Who the school’s financial aid personnel are, where they are located, and how to contact them for information.

4. What the procedure and deadlines are for submitting applications for each available financial aid program.

5. How the school selects financial aid recipients.

6. How the school determines financial need.

7. How much of their financial need, as determined by the school, has been met.

8. How and when financial aid will be received.

9. The interest rate on Federal student loans, the total amount that must be repaid, length of the re-payment period, when the payment begins, and what cancellation or deferment provisions apply.

10. The school’s policy in reconsidering a student’s aid package if they believe a mistake has been made, or if their enrollment or financial circumstances have changed.

11. How the school determines whether students are making satisfactory academic progress and what happens if they are not.

Student 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 Courses

Students who withdraw from NNU prior to a course start date will receive a refund of 100% of tuition and fees charged for that course.  Students withdrawing after a course begins shall receive a prorated refund of tuition and fees for the first 60% of the course.  The withdrawal date is defined as the earlier of: (1) the date that the student began the withdrawal process or officially notified NNU of intent to withdraw, or (2) for those students who leave school without notifying an appropriate NNU official, the last day of documented “academic-related activity.”  The official date of withdrawal is determined by the Office of the Registrar.

Refund 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 Courses

Students who withdraw from NNU prior to a course start date will receive a refund of 100% of tuition and fees charged for that course.  Students withdrawing after a course begins shall receive a prorated refund of tuition and fees for the first 60% of the course.  The withdrawal date is defined as the earlier of: (1) the date that the student began the withdrawal process or officially notified NNU of intent to withdraw, or (2) for those students who leave school without notifying an appropriate NNU official, the last day of documented “academic-related activity.”  The official date of withdrawal is determined by the Office of the Registrar.

1. Unsubsidized Federal Direct Loan

2. Other Title IV aid programs

3. Other Federal Sources of Aid

4. Other State, Private or Institutional Aid

5. Other third party

6. The Student

Refunds to NNU’s institutional aid programs are based on the tuition and fees withdrawal rate; e.g., if one-half tuition and fees are refunded, one-half of any institutional aid will be refunded to institutional programs.

Statement of Charges

Students will receive a statement prior to the beginning of each semester.  This document indicates the amount of financial aid awarded and the invoice for each semester’s estimated charges and credits, and is the statement from which the balance due is determined. 

Changes in the student’s course load may result in an increase or decrease in financial aid.  When adding or dropping classes, students should contact their Financial Aid Officer to determine if any of their financial aid will be affected.  

Students are reminded that lenders may deduct a processing fee from their Direct Student loans or Direct Plus loans.  Questions concerning your financial aid should be directed to (208) 467-8638, 1-877-668-4968, or financialaid@nnu.edu.

If applicable, it is the student’s responsibility to ensure that information regarding payment of amounts due is communicated to the organization that will be paying the account.

Collection Charges

When a student is no longer enrolled at NNU and a balance remains on their account, the student is responsible for paying the University’s cost of collection.  This includes, but is not limited to, collection agency fees and/or reasonable attorney’s fees.

Refunds to NNU’s institutional aid programs are based on the tuition and fees withdrawal rate; e.g., if one-half tuition and fees are refunded, one-half of any institutional aid will be refunded to institutional programs.