Awarding for Fall 13 is scheduled to start around the second week of May.
Awards are processed on a first-come, first-served basis as files are completed. Students who complete the FAFSA are assigned an EFC number (Estimated Family Contribution) which allows the federal government and department of education to determine how much aid you may be eligible for. Once you submit your FAFSA, NOVA receives your EFC and creates a COA worksheet.
Federal financial aid eligibility is calculated based on guidelines from the Department of Education. For more information go to http://studentaid.ed.gov/fafsa/next-steps/how-calculated.