How do I apply?

The application for federal financial assistance begins with the Free Application for Federal Student Aid (FAFSA).

The FAFSA is designed to collect student (and parent for dependent student) information such as income, household size, and the number of people in your household who will be attending college. The information is then put into a formula which determines the level of financial need for the student and his or her family. The College of Nursing uses the result of this formula to determine which type of assistance the student is eligible to receive.

 

How do I complete the FAFSA?

The FAFSA can be found online at www.fafsa.ed.gov. You can submit your FAFSA as early as January 1, 2014. We recommend you complete your FAFSA no later than February 15, 2014 to maximize your financial aid opportunities.

Before you go online to complete your FAFSA, make sure you and your parents (if dependent) have your Personal Identification Number (PIN). If you don't have a pin number or can't locate the one you already have, go online to www.pin.ed.gov and follow the instructions. The PIN number is a way to sign your FAFSA application electronically.

When you are ready to complete your FAFSA, you will need you and your parent's tax information (if dependent) from the previous year and the school code for the College of Nursing (006240). There is also a Pre-application worksheet you can download and complete. This form has the same questions of the FAFSA in the order they should appear on the website. When you have all this information, simply go Online and complete the process. It is a quick, convenient way to apply for federal assistance. Once you complete the online process, the College of Nursing will receive an electronic copy of your application from the federal government.

 

What happens next?

Once we receive a copy of your FAFSA, we will review it and contact you with the documents we need to complete your financial aid file.  When your file is complete, we will send you a financial aid award letter packets, which will include your Stafford loan paperwork. The booklet which includes your award letter will outline the next steps in the process. Please remember that you will have needed to complete the College of Nursing admissions process before we will process your financial aid application.

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Verification

Verification is the process of collecting documents for student and parent (if dependent) to verify that the information on the Free Application for Federal Student Aid is accurate. The Department of Education selects certain applications to be verified by the College of Nursing.

Effective for the 2012/2013, the College of Nursing will not require graduate students to complete verification.

At the College of Nursing financial aid applicants are required to submit an Institutional Application for Financial Assistance (Graduate and Undergraduate). You must submit all the required documentation before you are sent a financial aid award letter.

The forms can be found on the "Forms" page of the website or obtained from the Student Finance Office.

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Criteria for selecting and determining award recipients and amounts

  1. Pre-requisite hours must be completed and recorded in the College of Nursing Admissions Office prior to the release of federal and state assistance.
  2. Your award is based on the assumption you are an U. S. citizen or permanent resident. State residency has been determined from the information you provided to Saint Francis Medical Center College of Nursing.
  3. The award offer was determined in accordance with laws, regulations, and appropriations (existing or anticipated) of the U. S. Congress, Illinois Legislature, Saint Francis Medical Center College of Nursing, and other agencies. The award(s) are subject to adjustments or cancellations if changes occur.
  4. The award offer is based on financial information supplied by you and/or your family on the financial aid application. All award(s) are subject to adjustment or cancellation if your financial situation changes or if errors in the data are discovered.
  5. As a financial aid recipient you must assume the responsibility of remaining aware of the program eligibility requirements and the policies which govern the approval, disbursement, and use of the financial aid funds. You should be aware of the requirements which are specific to each financial aid program through which you receive funding. Contact the Student Finance office with any questions.
  6. Students who are in default on student loans, have borrowed in excess of the loan limits, or owe a refund to any Title IV program are not eligible for financial assistance.
  7. Students must meet the Financial Aid Satisfactory Academic Progress Requirements to receive state and federal financial assistance.
  8. Award amounts are based on your enrollment status. Differing enrollment hours may
    result in an adjustment to the award amount(s).
  9. Dropping courses or withdrawal from Saint Francis Medical Center College of Nursing may critically affect your current or future financial aid eligibility. Students withdrawing from the College may be required to repay scholarships, grants or loans already received.
  10. You must be enrolled in a degree-seeking program to receive federal or state financial aid. This includes Federal Pell Grants, Illinois Student Assistance Commission Monetary awards, and the Federal Education Loan Programs.
  11. Course credits not considered eligible for State and Federal Assistance at Saint Francis Medical Center College of Nursing:
    a. Course credits transferred in from another institution or prerequisite courses.
    b. Course credits received from Portfolio courses.
    c. Course credits given for prior education or work experience.

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