Gwynedd Mercy University
AY2020-2021 / Undergraduate Academic Catalog
FINANCIAL AID
Undergraduate Students
Gwynedd Mercy University ’ s financial aid program is designed to provide financial assistance to qualified students whose resources are inadequate to meet the costs of attendance at the University . The University endeavors to assist as many students as possible using Gwynedd Mercy University funds as well as federal , state and other funds available . Students applying for financial aid are considered for all programs for which they are eligible . Financial aid is usually offered through a financial aid package , which consists of some combination of scholarship / grant , loan and employment . Most financial aid is awarded on the basis of demonstrated financial need . Funds available , academic records , and number of applicants may also affect the amounts and types of aid awarded to a student . Approximately 99 % of the full- time , traditional student body receives financial aid administered by Gwynedd Mercy University .
Determination of Financial Need
Financial need is determined on the basis of information supplied on the Free Application for Federal Student Aid ( FAFSA ). All applications are analyzed according to a formula known as the Federal Methodology . In determining the extent of a student ’ s need , consideration is given both to the amount of support that may be expected from all family resources , as well as to those factors which affect a family ’ s financial strength , such as taxes , number of dependents , debts , other educational responsibilities and retirement needs . Financial aid is awarded for one academic year at a time ; students must re-apply annually for renewal of aid . Renewal depends upon continued eligibility , satisfactory academic progress , and availability of funds .
Aid Application Procedures
A .
New Entering Students
Students who wish to receive consideration for financial aid , in addition to fulfilling the requirements for general admission , must :
1 . Submit the Free Application for Federal Student Aid ( FAFSA ) to Federal Student Aid Programs . Gwynedd Mercy University ’ s federal code is # 003270 .
2 . Complete the Federal Verification process , if selected for verification .
Above requirements should be fulfilled by priority filing date - February 15 B .
Returning Students
Students who wish to request renewal of financial aid for the following year , as well as those already enrolled who wish to apply for the first time , must :
1 . Submit the Gwynedd Mercy University Financial Aid Application to the financial aid office . 2 . Submit the Free Application for Federal Student Aid ( FAFSA ) to Federal Student Aid Programs .
Gwynedd Mercy University ’ s federal code is # 003270 . 3 . Complete the Federal Verification process , if selected for verification .
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