Gwynedd Mercy University
AY2021-2022 Undergraduate Academic Catalog
The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination for post withdrawal disbursement must be offered to the student within 30 days of the date of determination .
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If a student who began attendance and has not officially withdrawn fails to earn a passing grade in at least one course offered over an entire period , Gwynedd Mercy University must assume , for Title IV purposes , that the student has unofficially withdrawn , unless it can be documented that the student completed the period .
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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 of 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 )
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Scholarships , Grants and Loans
Scholarships and Grants Scholarships and grants are considered “ gift ” aid , which means the funding does not need to be repaid . However , some of this funding may require that students meet certain requirements . For example , recipients of university scholarships must be enrolled on a full-time basis , and must have full-time tuition charges assessed on their billing statement ( recipients of tuition waivers may not be considered for University scholarships in addition to waivers ). In addition , institutional scholarships and grants can be awarded for a maximum of eight semesters for students pursuing a bachelor ’ s degree .
Financial aid received from public and / or private , external sources must be reported to the Financial Aid Office . This may require an adjustment in either the total amount and / or kind of aid provided in the student ’ s financial aid package .
Merit Awards for Full-Time Campus Undergraduate Students Gwynedd Mercy University offers a number of MERIT AWARDS , which are based on a student ’ s academic record and / or involvement in extra-curricular / community service activities . These Awards are offered to new , first-degree campus undergraduate students who will be enrolled on a full-time basis .
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