Gwynedd Mercy University
AY2020-2021 / Undergraduate Academic Catalog
certificate program . Since the Federal Pell Grant is the foundation of all financial aid , all aid applicants are required to apply for this Grant . The Student Financial Aid Committee will develop the financial aid package with the appropriate Pell Grant expectation .
Federal Supplemental Educational Opportunity Grant ( FSEOG )
The Supplemental Educational Opportunity Grant is a federal aid program , which provides grants ranging from $ 100 to $ 4,000 annually to students who demonstrate exceptional financial need . Priority for the FSEOG must be given to Pell Grant recipients .
Pennsylvania State Grants ( PHEAA )
The Pennsylvania Higher Education Assistance Agency provides state grants ranging from $ 100 to $ 3,232 annually . PHEAA requires that the program of study be at least two academic years in duration and that the student carry a minimum of six ( 6 ) credits per semester . The state grant may be awarded for a total of four full-time academic years ’ contingent upon annual application and continued eligibility . Veterans who satisfy all other PHEAA eligibility requirements may be entitled to a full state grant . Filing deadline : May 1 . The state grant is the floor of financial aid and all aid applicants are required to apply for this type of assistance . The financial aid package will be developed with the appropriate state grant expectation . For further information , contact : Pennsylvania Higher Education Assistance Agency ( PHEAA ) 1-800-692-7392 .
State Grants / Scholarships
Many states administer grant / scholarship programs for students attending colleges and universities both in and out-of-state . All students applying to Gwynedd Mercy University for financial aid are required to apply for state funds wherever available . Delaware , Connecticut , Massachusetts , Ohio , Rhode Island , Vermont and West Virginia offer state grants for their residents who are studying in another state . Applicants should consult guidance counselors and / or state agencies for information .
Vocational Rehabilitation Grants
The Office of Vocational Rehabilitation provides financial assistance for qualified students . Eligibility requirements must be discussed with a representative from an OVR office .
Loans
Loans are regarded as “ self-help ” and are made directly to students enabling them to finance a portion of their education with future earnings . Several types of loans are available to qualified students in all four years of study .
Gwynedd Mercy University participates in the Federal Nursing Student Loan program . Through this program , the University provides long-term , low-interest loans to students who demonstrate financial need . The loans are interest free during the student ’ s enrollment at Gwynedd Mercy University and can be repaid over a 10-year period that begins nine months after graduation or termination of studies . Under certain federally mandated and approved conditions , borrowers may arrange to defer loan repayment and / or qualify to have loans cancelled in whole or part . Borrowers should note both deferment and cancellation provisions when negotiating the loans .
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