Gwynedd Mercy University
AY2020-2021 / Undergraduate Academic Catalog
Federal Exit Counseling
Students who have borrowed from Perkins , Nursing , or Direct ( Subsidized / Unsubsidized ) Loan must be sent 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 withdrawal from the University
• Enroll in a semester at a rate of less-than-half-time ( less than 6credits )
• Unofficially withdrawal from the University ( stop attending all classes during a semester without formally notifying the University or fail to enroll in a subsequent semester )
Scholarships and Grants
Scholarships and grants are regarded as “ gift ” assistance , which need not be repaid ; however , some of these may carry certain provisions to which one must adhere . Recipients of university scholarships must be enrolled on a full-time basis , and must have full-time tuition charges assessed on their billing statement ( recipient of waivers may not be considered for University scholarships in addition to waivers ). Several types of scholarships and grants , consisting of remission in part of the yearly tuition , are available . These scholarships and grants can be awarded for a maximum of eight semesters .
Financial aid received from public and / or private , external sources must be reported to the Financial Aid Office . This will require an adjustment in either the total amount and / or kind of aid provided in the financial aid package .
Merit Awards Gwynedd Mercy University offers a number of MERIT AWARDS based on strong academic record and / or involvement in extra-curricular / community service activities . These Awards are available only for new , first-degree students who will be enrolled on a full-time basis .
As a member of the National Collegiate Athletic Association ( NCAA ), Division III , the University does not consider athletic ability in the awarding of scholarships and grants . All scholarships and grants are limited by funds available and number of applicants . DEADLINES are , therefore , very important ! Students who qualify for Merit Awards will be notified at the time of admission into the University . Merit awards may be renewed for an additional two ( transfer students ) or three ( first-year students ) years provided that recipients continue to meet eligibility requirements . The Merit Award will be the first component of any need-based financial aid award .
Institutional Scholarships and Grants
Selection of University Scholarships / Grant recipients will be made by the Student Financial Aid Committee after review of completed applications . Eligibility for Institutional Financial Aid is contingent on matriculation in a degree program , full-time enrollment and satisfactory academic progress .
Federal Pell Grant
The Pell Grant is a federal aid program , which provides grants ranging in amount from $ 400 to $ 6,195 , depending on the student ’ s eligibility as determined by federal methodology . To receive consideration , the student must be enrolled for a minimum of three credits per semester in a degree or
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