Types of Aid

Nevada State College students may be eligible to receive assistance paying for financial aid-eligible coursework† through one or more of the following financial aid programs.

Grants

Grants are awarded to students based on financial need, as determined by the Free Application for Federal Student Aid (fafsa.gov) and usually do not need to be repaid. Grants may be used to pay for tuition and fees, books and supplies, transportation and other expenses related to attending college. The following grant programs are currently available to eligible NSC students.

Federal Pell Grant - This grant is available to students pursuing their first bachelor's degree at Nevada State College who demonstrate a high level of need according to the results of the FAFSA. The amount awarded for each semester depends on a student's financial need, costs to attend school, and number of credits taken. Students may receive a Pell Grant for up to two full-time semesters per academic year, with a lifetime maximum of 12 full-time semesters.

Federal Supplemental Education Opportunity Grant - The FSEOG Program provides need-based grants to help low-income undergraduate students finance the costs of postsecondary education. When making FSEOG awards, the institution must give priority to those students with exceptional need (those with the lowest Expected Family Contributions, or EFCs, at the institution) and those who are also Federal Pell Grant recipients. 

Silver State Opportunity Grant Program - The SSOG Program was established by the Nevada Legislature in 2015 to provide grants to eligible low-income students who are college-ready to assist with funding a portion of the cost of attending a community or state college within the Nevada System of Higher Education (NSHE).  Limited funds are awarded to students enrolled in 15 or more financial aid-eligible credits† in a semester on a first-come, first-served basis according to a formula established by the NSHE Board of Regents.  Students should complete the FAFSA in order to be considered for this award. 

Nevada State Access Grant - Funded from both state and institutional sources, these grants are awarded on a first-come, first-served basis to students demonstrating a high level of need based on their FAFSA application. Award amounts are based both on a student's EFC and number of credits taken in a term.  The priority deadline is January 15, 2017 to be considered for the 2017/18 academic year.

Nevada State College Grant - This institutionally-funded grant is awarded on a first-come, first-served basis to students who, although otherwise eligbile to receive federal student aid, are ineligible to receive the Federal Pell Grant, but still demonstrate a high level of need according to their FAFSA applications. Award amounts are based both on a student's EFC and number of credits taken in a term.  The priority deadline is January 15, 2017 to be considered for the 2017/18 academic year. 

Nevada State Opportunity Grant - This institutionally-funded grant is awarded to Nevada-resident students not eligible to apply for any type of federal student aid, but who demonstrate a high level of need according to their FAFSA applications. Award amounts are based both on a student's EFC and number of credits taken in a term. 

Scholarships

Each year, the Nevada State College Foundation awards a number of scholarships made possible through donations to NSC. Additionally, many NSC students receive scholarships from sources outside of the College. Click on the links in the left column for information on how to apply for these awards.

Student Employment

NSC's Student Employment Program provides opportunities for eligible students to work part-time in positions across campus and in the community. In order to be considered for a student employment position, students should first complete the Free Application for Federal Student Aid at fafsa.gov, then apply for open student positions through nscjobs.com. In order to qualify, students must be enrolled as a degree-seeking student in the current or upcoming term, maintain a cumulative NSC GPA of 2.0 or above, and be eligible for employment in the USA. Students may not exceed 19.5 hours of work per week, and are paid twice per month. Funding is provided by both the institution and the Federal Work-Study program.

Loans

When you complete the Free Application for Federal Student Aid at fafsa.gov, you may be offered Federal Direct Loans as a part of your award offer package. Remember that you must repay the full amount of the loan plus interest to the U.S. Department of Education beginning six months after you graduate, or stop attending school at least half-time.

The acceptance process consists of a few simple steps:

Step 1. Accept your loan offer through MyNSC Student Center
After you have received an emailed award offer letter containing a Federal Direct Loan award, you may log in to MyNSC Student Center to accept or decline the award. Your award offer will contain the maximum amount you are eligible to receive in the current enrollment period. Please note the amount you accept will be split over the current and future terms of your award offer. In other words, if you accept $1000 in Direct Loans at the beginning of fall, and your award offer is for the fall and spring semesters, the loan will be divided equally over the two terms at $500 each. 

We encourage you to only borrow the amount you need to cover your planned expenses. You may request any amount which you initially declined or did not accept later in the semester by completing the Loan Change Request Form available on our Forms page. In deciding how much to borrow, you should consider the total amount of loans you have already borrowed (you can view this information at nslds.ed.gov), your needs for the current semester (consider creating a budget to calculate your expenses), as well as your expected monthly income once you graduate to determine the loan payment amount you can afford (use the FSA Repayment Estimator).

Step 2. First-time Borrowers Only:  Complete your Online Entrance Counseling
Every first time Federal Direct Loan borrower must complete student loan entrance counseling. Borrowing a student loan is a serious financial obligation, and entrance counseling will provide you with important information you need to know to make an informed decision about student loan borrowing. Entrance counseling must be completed before you can receive a disbursment, or payment, of funds. 

Complete your online entrance counseling on the Federal Direct Loan website at studentloans.gov. This tutorial reviews basic facts about Federal Direct Loans, and your rights and responsibilities as a borrower. After you complete the tutorial, you will be required to take and pass a quiz. The tutorial and quiz will take approximately 20-30 minutes to complete. Once you have passed the quiz, the system will display your quiz results and ask you to choose a school. You should select Nevada State College in the drop down box. You may print your passing entrance counseling quiz results along with a copy of your rights and responsibilities by clicking Retrieve Quiz Results from the main page.  NSC will be notified electronically when you pass. 

Step 3. First-time Borrowers Only: Sign a Master Promissory Note (MPN)
The Master Promissory Note (MPN) is a legally binding document through which you agree to repay your loans and accrued interest according to the terms and conditions outlined in the document. Additionally, by signing the MPN, you agree that you will repay your loan obligation even if you do not complete your education, if you cannot get a job after leaving school, or if you are not satisfied with the education you received. You may complete and sign the MPN online at studentloans.gov. You will be asked to provide contact information for two references, one of whom should be someone other than a parent. NSC will receive an electronic confirmation after you complete the MPN.

Eligibility Criteria

To be eligible for a Federal Direct Loan a student must:

  1. be a U.S. citizen or permanent resident alien;
  2. be taking at least six financial aid-eligible credit† hours and be matriculated in a degree or certificate program;
  3. not owe any refunds on a Pell Grant or other awards received and not be in default on repayment on any type of student loan.
EXIT COUNSELING

Federal regulations require that all student loan borrowers must complete an exit interview/exit counseling after ceasing at least half-time enrollment at the College. During the exit counseling, students are reminded of their rights and responsibilities as a student loan borrower. Topics include: when repayment starts, various repayment plans, deferments, loan consolidation, and consequences of default.

Students may access Exit Counseling at studentloans.gov

This will satisfy all requirements for exit counseling and give the borrower up to date information on their student loan balances. This is the quickest and easiest way to satisfy the exit counseling requirement.

MAXIMUM LOAN AMOUNTS

Dependent Student - A first year Dependent student (parent information is required on the FAFSA), with less than 30 earned or transfer credits, may borrow up to $5,500 per year with a maximum of $3,500 of that amount being in a subsidized loan. Second year dependent students, with at least 30 earned or transfer credits, may borrow up to a maximum of $6,500 per year with a maximum of $4,500 of that amount in a subsidized loan. Third year and beyond dependent students, with at least 60 earned or transfer credits, may borrow up to a maximum of $7,500 per year with a maximum of $5,500 in subsidized loans. A dependent undergraduate student may only borrow up to an aggregate limit of $31,000.

Independent Student - Independent students (parent information is not required on the FAFSA) may have up to an additional $4,000 in unsubsidized loans per year. A first year independent student, with less than 30 earned or transfer credits, may be eligible to borrow up to $9,500 per year with a maximum of $3,500 of that amount being in a subsidized loan. Second year independent students, with at least 30 earned or transfer credits, may be eligible to borrow up to $10,500 per year with a maximum of $4,500 in a subsidized loan. Third year and beyond independent students, with at least 60 earned or transfer credits, may be eligible to borrow up to $12,500 per year with a maximum of $5,500 in a subsidized loan. An independent undergraduate student may only borrow up to an aggregate limit of $57,500.

Financial Aid Eligible Credits

† In order to qualify for any financial aid funding, including grants, scholarships or loans, a course must fulfill an unmet requirement for a student's degree or certificate program at NSC.

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