Here you can download forms, review our code of conduct, browse frequently asked questions, and access financial aid resources. You can also use this site to get recent updates and news related to financial assistance.
2023-24 FAFSA Reminder
You can file the 2023-24 FAFSA form online at studentaid.gov using your FSA ID login credentials to electronically sign as early as October 1, 2022 using your 2021 tax information.
If you have any questions, please feel free to contact Financial Aid by email at fa@sva.edu.
Financial Aid Loan Entrance Counseling
The federally mandated financial aid loan entrance counseling is required for all students receiving a Federal Direct Stafford Loan or a Federal Direct Graduate PLUS Loan for the first time at SVA. If a student has received a Stafford Loan at a previous institution, they do not need to complete the entrance counseling here at SVA.
Students must complete the entrance counseling before any loan proceeds may be received. The entrance counseling is an information session explaining the student’s rights and responsibilities regarding these loan programs.
Please refer to your SVA email account for correspondence from our office regarding your applicable entrance requirements.
Should you have any questions please contact us by email at fa@sva.edu.
Special or Unusual Circumstances
SVA Financial Aid recognizes that changes may be experienced in the financial situation or a unique situation in the household. While the Free Application for Federal Student Aid (FAFSA) determines financial aid eligibility based on data from two years prior, the process exists to re-evaluate a student’s aid based on certain significant changes.
What changes are not applicable?
- Job loss due to cause or personal choice
- Standard living expenses (i.e., utilities, car payments)
- Mortgage payments
- Personal debt
- Bankruptcy
What changes might be applicable?
Change to Expected Family Contribution (EFC)
NOTE: A change to the EFC could result in a change of eligibility for need-based awards. However, it is not guaranteed. Possible changes may include:
- Loss or change of employment (those due to cause or personal choice are not applicable)
- Child Support change
- Death of parent or spouse
- Excessive medical expenses (must exceed 11% of adjusted gross income)
- One-time taxable income (IRA distribution, pension distribution, etc.)
Change to Cost of Attendance (COA)
NOTE: A change to the COA does not result in a change to need based awards. It simply increases the total budget (known as the COA) which allows for an increase to PLUS and/or private loans only. Possible changes may include:
- Childcare expenses for a dependent child of student
- One-time purchase of a computer for educational use
How do I apply for special or unusual circumstances?
If you meet one of the significant changes outlined in the Change to Expected Family Contribution (EFC) or the Change to Cost of Attendance (COA) sections above, simply contact your assigned financial aid advisor to schedule an appointment.
Exit Counseling Schedule
The federally mandated Exit Counseling session(s) are required for all students that received a Federal Perkins Loan, Federal Direct Stafford Loan, and/or a Federal Direct Graduate PLUS Loan at SVA.
The Exit Counseling sessions provide important information that you need as you prepare to repay your federal student loan(s).
Please refer to your SVA email account for correspondences from our office regarding your applicable exit requirements.
It is imperative you complete all required exit counseling sessions in order to be cleared for commencement.
Should you have any questions please contact us by email at fa@sva.edu.