Student Financial Aid Sources
Students are provided with information about financial assistance and scholarships during the admission interview. Most financial aid is based on demonstrated need for students who meet admission requirements. A financial aid officer administers the programs below and is available to all students for financial counseling. No transcripts are released from the school unless the student has met all school financial obligations. The sources of financial aid are as follows:
- The Federal Pell Grant Program
- Pennsylvania State Grant Program (PHEAA Grant)
- Federal Stafford Loan Programs (Subsidized, Unsubsidized and Plus Loans)
- Outside Organization Grants and Scholarships
Academic Year 2008-2009
Financial Aid Programs:
Federal Pell Grants
FAFSA School Code is 013124
| How to Apply |
File the Free Application for Federal Student Aid (FAFSA). Filing can be done over the internet at the www.fafsa.ed.gov website. |
| Deadline Dates |
File after January 1 but before April 30. Students should file as soon as they complete their tax returns. |
| Maximum Grant/Loan |
The maximum for 2008-2009 is $4,731. Based on the federal formula. |
| Eligibility |
Financial need; undergraduate; U.S. citizen or permanent resident, eligible alien. No loan defaults. Valid Student Aid Report which is sent after filing FAFSA |
| Repayment Provisions |
As of October 7, 2000 , students who withdraw from school before completing 60% of the term may be subject to repayment of a portion of the grant. |
| Agency |
U.S. Dept. of Education Websites:
www.students.gov
www.fafsa.ed.gov
Tel: 1-800-4 FED - AID or 1-800-433-3243. |
PHEAA State Grants
| How to Apply |
File the FAFSA. File any additional data request you may receive from PHEAA. |
| Deadline Dates |
August 1 for new awardees or May 1 for previous grant recipients. File by April 30 to be safe. |
| Maximum Grant/Loan |
For 2008-2009, the maximum grant is $3,507. Amounts change each year. |
| Eligibility |
Financial need; undergraduate; U.S. citizen or permanent resident, eligible alien; PA resident, 1 year. |
| Repayment Provisions |
No repayment except in cases of fraud. |
| Agency |
Pennsylvania Higher Education Assistance Agency.Tel: 1-800-692-7392. |
FFELP Loans Subsidized and Unsubsidized
| How to Apply |
File the FAFSA. Obtain a FFELP loan application from any local bank, from the school or from AES. You have the right to choose any lender or any guarantor. |
| Deadline Dates |
The loan must be processed by the last day of the academic year. |
| Maximum Loan |
Dependents:
1st yr: $5,500
2nd yr: $6,500
Independents:
1st yr: $9,500
2nd yr: $10,500 |
| Eligibility |
No prior loan defaults or grant repayments due to the Dept. of Ed., U.S. Citizen or legal, eligible alien. Lifetime limit for dependent undergraduate is $31,000 of which no more than $23,000 may be subsidized Stafford Loans. Lifetime limit for independent undergraduate is $57,500 of which no more than $23,000 may be subsidized Stafford Loans. |
| Repayment Provisions |
Six month grace period after graduation or withdrawal. Normal repayment period is ten (10) years but can be longer. |
| Agency |
Local bank or AES. AES Loan Tel. 1-800-692-7392. |
SDS Grants
| How to Apply |
File the FAFSA as early as possible. File by April 30 as grants are awarded early in the school year. |
| Deadline Dates |
File as early as possible. Grants are awarded based on income and first come, first served. |
| Maximum Grant/Loan |
Grants based on income and the amount of funds received by the school. |
| Eligibility |
Financial need; U.S. citizen or legal, eligible alien; full time students only. |
| Repayment Provisions |
No repayment except in cases of fraud. |
| Agency |
U.S. Department of Health and Human Services (HHS). |
PLUS Loans (Parent Loans for Dependent Students)
| How to Apply |
File the FAFSA. Obtain PLUS loan application from AES, Lender or school |
| Deadline Dates |
By the last day of the academic year. |
| Maximum Grant/Loan |
Based on unmet need and cost of attendance. |
| Eligibility |
Resident of state in which application is made. Must pass credit check. |
| Repayment Provisions |
Repayment begins sixty days after first loan disbursement. |
| Agency |
Local banks or credit union. |
Institutional Grants
| How to Apply |
File the FAFSA. Obtain a valid Student Aid Report (SAR). |
| Deadline Dates |
None, but it is best to send letter to the Financial Aid Office. |
| Maximum Grant/Loan |
Grant can range from $500 up to $1,000 for some grants. |
| Eligibility |
Varies with grant. Employment grants determined by a Hospital committee. |
| Repayment Provisions |
Grant might require a one year work commitment after graduation. |
| Agency |
School administration. Requirements set by donors |
Important Note! - All Students Must Re-Apply For Financial Aid on an Annual Basis
| Nora Downey, |
Room 101
|
Financial Aid Officer,
|
Tel : |
215-487-4286 |
Roxborough Memorial Hospital,
|
Fax : |
215-487-4591 |
| School of Nursing. |
Email : |
Nora.Downey@solishc.com | |
