While Nova Southeastern University doesn’t top any of the most popular college rankings, it’s one of the most diverse universities in the nation. According to Diverse: Issues in Higher Education, the school ranked third on a 2017 list of graduate degrees awarded to students of color.
Attending the private nonprofit university isn’t cheap, though. For the 2018-2019 year, the cost of tuition and room and board is expected to be as high as $41,650.
That’s a hefty price tag for anyone. So, if you’re wondering how to pay for Nova Southeastern University and get your degree, we’ve got some ideas.
How to pay for Nova Southeastern University
Getting an education at one of the university’s 18 colleges and schools might sound difficult. But with these financing options for both parents and students, you’ll learn how to pay for Nova Southeastern University in no time.
While it’s wise to search for scholarships on your own, Nova Southeastern offers some resources to help. Its scholarship page includes:
- Featured new scholarships
- Undergraduate institutional scholarships
- Graduate institutional scholarships
- External scholarships
- International scholarships
Institutional scholarships, which are offered by various colleges and schools at Nova Southeastern, typically become available in March and have deadlines in May or June.
Award amounts vary but there are 94 scholarships listed for undergraduate students and 151 for graduate students, so there are plenty of opportunities.
If you do it right, you’ll have several opportunities to earn grants at Nova Southeastern University. For example, undergraduate students who demonstrate financial need might be eligible to receive the Federal Pell Grant.
Along with other federal grants, Nova Southeastern recommends that students apply for these grants:
- Effective Access to Student Education Grant: This is a non-need-based grant for Florida residents. It offers $3,500 for the 2018-2019 school year. To qualify, you need to complete the NSU State Aid application, be enrolled full time, and have a minimum GPA of 2.0, among other requirements.
- Florida Student Assistance Grant: This is a need-based grant for Florida residents who fill out the Free Application for Federal Student Aid. The award amount is $2,000 for the 2018-2019 school year. To be eligible, you need to complete the NSU State Aid application, be enrolled full time, and have a minimum GPA of 2.0, among other requirements.
If scholarships and grants aren’t enough to cover your costs, consider taking advantage of a work-study program. Nova Southeastern University participates in the federal work-study program, which is available to students who demonstrate financial need.
Through this program, you can work up to 25 hours per week, and your pay rate will depend on your position. Other student employment options include:
- America Reads and America Counts program: Federal work-study students can work between 10 to 25 hours per week serving as reading and math tutors for elementary students.
- NSU Employment program: This is a non-need-based program that allows for students to get part-time, on-campus jobs to help pay for their education.
- Job Location and Development program: With this program, you’ll get help finding part-time or full-time jobs off campus. You don’t need to demonstrate financial need to participate.
- Florida Work Experience Program: This is a need-based program for undergraduate students who meet Florida residency, citizenship, and academic requirements and are enrolled at least half time.
Federal student loans
The U.S. Department of Education offers three loans that you can use to help cover the cost of attending Nova Southeastern:
- Direct Subsidized Loan: To qualify for this federal loan, you need to be an undergraduate student who can demonstrate financial need. If you’re eligible, the government will pay your interest charges while you’re still in school, plus the first six months after you graduate. How much you can borrow depends on your year in school and the cost of attendance minus any other financial aid you’re receiving.
- Direct Unsubsidized Loan: This is a non-need-based loan, but the government doesn’t foot the bill for your interest while you’re in school. Instead, interest accrues even though you don’t have to start making payments until you’re out of school for six months. You can get this loan if you’re a graduate or undergraduate student.
- PLUS Loan: If you’re a graduate student or a parent who wants to help your student, PLUS Loans are another option. Like the Direct Unsubsidized Loan, interest accrues while you or your student are in school. Also, you’ll need to pass a credit check to get approved.
Private student loans
Hopefully, you can get most, if not all, of your education costs covered with scholarships, grants, work-study, and federal aid. But if you find yourself still falling short, private student loans can help.
Private student loans are issued by private lenders rather than the federal government. As a result, interest rates, eligibility requirements, and repayment terms can vary by lender.
Also, as with PLUS Loans, private student loan companies will run a credit check to determine whether to approve your application and what interest rate to charge you. If you don’t have a great credit score, though, you can typically get a cosigner on your loan to potentially help improve your chances of getting a good rate.
It’s also important to shop around and compare rates from several private student loans to make sure you get the best rate that’s available to you.
Affording Nova Southeastern University is possible
Figuring out how to pay for Nova Southeastern University can be easy if you know where to look. With these resources and financing options in mind, you should be well-equipped to pay for your education at the private university — preferably with as little debt as possible.
Take the time to research and apply for scholarships and grants for which you might qualify, and consider taking a job to avoid debt as much as possible. If you have to resort to student loans, consider both federal and private student loans.
As you do your due diligence in all these matters, you can stop worrying about how you’re going to afford your education and start thinking about the experiences you’re going to have when you get there.
Need a student loan?Here are our top student loan lenders of 2018!
|1 Important Disclosures for CollegeAve.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Information advertised valid as of 11/1/2018. Variable interest rates may increase after consummation.
2 Important Disclosures for Discover.
3 Important Disclosures for Ascent.
Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB). Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. Loan products may not be available in certain jurisdictions, and certain restrictions, limitations; and terms and conditions may apply. Ascent is a federally registered trademark of Turnstile Capital Management (TCM) and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.
* Application times vary depending on the applicants ability to supply the necessary information for submission.
* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
4 = Sallie Mae Disclaimer: Click here for important information. Terms, conditions and limitations apply.
5 Important Disclosures for PNC.
PNC Bank is one of the nation’s largest education loan providers. For over 40 years, PNC has been committed to helping students and their families make possible the adventure of college.
6 Important Disclosures for SunTrust.
Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans. To view and compare the available features of SunTrust private student loans, visit https://www.suntrust.com/loans/student-loans/private.
Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue this loan program without notice. Availability of all loan programs is subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions.
SunTrust Bank, Member FDIC. ©2018 SunTrust Banks, Inc. SUNTRUST, the SunTrust logo and Custom Choice Loan are trademarks of SunTrust Banks, Inc. All rights reserved.
7 Important Disclosures for LendKey.
Additional terms and conditions apply. For more details see LendKey
8 Important Disclosures for CommonBond.
A government loan is made according to rules set by the U.S. Department of Education. Government loans have fixed interest rates, meaning that the interest rate on a government loan will never go up or down.
Government loans also permit borrowers in financial trouble to use certain options, such as income-based repayment, which may help some borrowers. Depending on the type of loan that you have, the government may discharge your loan if you die or become permanently disabled.
Depending on what type of government loan that you have, you may be eligible for loan forgiveness in exchange for performing certain types of public service. If you are an active-duty service member and you obtained your government loan before you were called to active duty, you are entitled to interest rate and repayment benefits for your loan.
A private student loan is not a government loan and is not regulated by the Department of Education. A private student loan is instead regulated like other consumer loans under both state and federal law and by the terms of the promissory note with your lender.
If your private student loan has a fixed interest rate, then that rate will never go up or down. If your private student loan has a variable interest rate, then that rate will vary depending on an index rate disclosed in your application. If the interest rate on the new private student loan is less than the interest rate on your government loans, your payments will be less if you refinance.
If you don’t pay a private student loan as agreed, the lender can refer your loan to a collection agency or sue you for the unpaid amount.
Remember also that like government loans, most private loans cannot be discharged if you file bankruptcy unless you can demonstrate that repayment of the loan would cause you an undue hardship. In most bankruptcy courts, proving undue hardship is very difficult for most borrowers.
9 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|3.94% – 12.78%1||Undergraduate, Graduate, and Parents|
|4.04% – 13.04%3||Undergraduate and Graduate|
|4.34% – 12.99%2||Undergraduate and Graduate|
|4.12% – 10.98%*,4||Undergraduate and Graduate|
|5.03% – 11.23%5||Undergraduate and Graduate|
|4.12% – 13.13%6||Undergraduate and Graduate|
|4.92% – 10.01%7||Undergraduate and Graduate|
|3.72% – 9.68%8||Undergraduate, Graduate, and Parents|
|4.26% – 12.13%9||Undergraduate, Graduate, and Parents|