Gwynedd Mercy University AY2023-2024 Graduate Academic Catalog
Refunds are allocated in the following order : Unsubsidized Federal Direct Loans Subsidized Federal Direct Loans Federal Parent Direct ( PLUS ) Loans Federal PELL Grant for which a return of funds is required Federal Supplemental Opportunity Grants for which a return of funds is required Unofficial Withdrawals ( all F Grades )
If a student who began attendance and has not officially withdrawn fails to earn a passing grade in at least one course offered over an entire period , Gwynedd Mercy University must assume , for Title IV purposes , that the student has unofficially withdrawn , unless it can be documented that the student completed the period .
Federal Exit Counseling
Students who have secured loans ( Perkins , Nursing , or Direct ( Subsidized / Unsubsidized )) will receive an exit counseling letter ( s ) if they :
• Graduate from the University
• Drop all their courses during a semester or drop to less than 6 credits
• Formally withdraw from the University
• Enroll in a semester at a rate of less-than-half-time ( less than 6 credits )
• Unofficially withdraw from the University ( stop attending all classes during a semester without formally notifying the University or fail to enroll in a subsequent semester )
Alternative Loans
In addition to the Federal Loan Programs , a student and / or credit-worthy co-signer may borrow funds not to exceed cost of attendance . Since Private / Alternative loans have different fee and rate structures , applicants are encouraged to request information directly from the lender or on the web at https :// www . elmselect . com / v4 /.
Veterans Benefits
Any student utilizing Ch . 33 Post 9 / 11 GI Bill ® or Veteran Readiness and Employment ( VR & E )— formerly known as Vocational Rehabilitation and Employment--benefits will be considered by Gwynedd Mercy University as in good financial standing even if the VA is delayed in making payments to the university , provided the student can produce the VA ’ s Certificate of Eligibility by the first day of class , and / or provide any additional information needed by the University ’ s VA Certifying Official to ensure the enrollment certification request can be submitted to the VA by the first day of class . These students will be treated as “ paid students ” and will not be prevented from enrolling in classes or denied access to any school resources or facilities available to other University students in good financial standing . These students also will not be assessed a late penalty fee or required to secure additional funding to cover the late VA payment . GI Bill ® is a registered trademark of the U . S . Department of Veterans Affairs ( VA ). More information about education benefits offered by VA is available at the official U . S . government Web site at https :// va . gov / education /. The University serves only as a certifying and transmittal agency
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