The Financial Aid Office is committed to providing assistance to qualified students who would otherwise be unable to pursue the attainment of their educational and professional goals. Most, but not all, financial aid is based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). Some types of scholarship aid do not depend on student financial need. “Need” can be defined most simply as the difference between the total cost of attendance and those resources that the student and his or her family are expected to apply toward that cost of attendance.
The Financial Aid Office coordinates federal, state, institutional, and private financial assistance programs. The Financial Aid Office is responsible for ascertaining that all policies and procedures comply with institutional, state, and federal regulations. There are many restrictions on eligibility for most financial aid programs offered at Felbry School of Nursing. Students are expected to be aware of their rights, responsibilities, and the restrictions of the aid programs in which they participate. Several publications that describe students’ rights and responsibilities with regard to aid programs are available in the Financial Aid Office.
Financial aid funds awarded while attending Felbry are intended to supplement the resources students and their families already have available to them. All aid applications undergo a needs analysis calculation to determine the minimum amount of resources they will need to contribute to the total cost of the student’s education. Students should not expect their total financial need to be met by resources available through student financial aid programs.
Students who intend to request financial assistance are expected to arrange an appointment with the Financial Aid Officer as soon as registration has been completed. The Financial Aid Officer is available on a walk-in or appointment basis to provide individual counseling to students who apply for financial aid.
Felbry participates in the following financial programs:
Course Loads and Financial Aid Programs
Federal Loan Programs
To be eligible for the Federal Direct Loan Programs, a student must be enrolled at least half time in units related to their program of study. Students enrolled less than half time are not eligible for the Federal Direct Loan programs.
Full-time
Students must be enrolled in at least 12 credit hours per academic term in their diploma program.
Half-time
Students must be enrolled in at least 6 credit hours but less than 12 credits per academic term in their diploma program.
Pell Grant Program
To be eligible for the Pell Grant Program, a student may be enrolled full-time of half-time as defined above or may be enrolled as follows:
3/4 –time
Student must be enrolled at least 9 credit hours per academic term.
Less-than-1/2-time
Student must be enrolled in less than half of the workload of the minimum full-time requirement.
Felbry School of Nursing students must meet the following criteria to be eligible for federal or state financial assistance:
Be a U.S. citizen or eligible non-citizen
Your loan eligibility is directly correlated to your classification as either Dependent or Independent. Here below are the criteria for both classifications: Independent: For the purposes of federal aid, a student is considered independent if he or she meets one or more of the following criteria:
If ANY of the following circumstances apply to you, you are an independent student; you will not have to provide parental information. If NONE of the following circumstances apply to you, you will be asked to provide parental information and you are considered a dependent student unless the financial aid administrator determines that the student is independent on the basis of special circumstances and performs a dependency override..
You are 24 years or older or will be by December 31 of the award year
Students who claim to be independent may be asked to provide documentation to verify their dependency status prior to receiving financial aid. Students who want to be considered independent due to circumstances other than those listed should contact the Financial Aid Officer prior to completing the FAFSA.
Loan Origination Fees:
The loan origination fee is the amount charged for processing and issuing a loan. The current loan origination fee for both subsidized and unsubsidized Federal Direct loans is 1.073%. The current loan origination fee for the FPLUS loan is 4.292%.
Loan Interest Fees:
The loan interest fee is the cost to the student or parent for borrowing and using the loan. The current interest rate on both subsidized and unsubsidized Federal Direct loans is 4.66%. The current interest rate on FPLUS loans is 7.21%.
Most United States citizens and permanent resident students may qualify for federal financial aid programs. In order to qualify, students must complete the Free Application for Federal Student Aid (FAFSA), which provides an in-depth analysis of the financial condition of the student and his or her family. This analysis (done on a yearly basis) determines how much the student/family is expected to contribute toward the cost of education.
This figure is called the “expected family contribution,” or EFC. Parents’ income and asset information is included in the EFC calculation for dependent students. To determine if you are independent from your parents for financial aid, you will need to answer the questions on the FAFSA application.
Students who received financial aid for the previous year should receive a renewal email from the Federal Department of Education sometime in January. Students are encouraged to file their renewal FAFSA applications electronically at www.fafsa.ed.gov.
If you do not receive a Renewal email from the Federal Department of Education or if you did not apply for Financial Aid for the previous year, but wish to apply for the next award year, you should follow the steps below. An award year runs from July 1st – June 30th.
• Complete the Free Application for Federal Student Aid (FAFSA). You may complete the FAFSA online at http://www.fafsa.ed.gov. Regardless of how an applicant completes the renewal FAFSA, applicants should make sure the Institution Code for Felbry 042350 is indicated on their FAFSA or Renewal Form.
• It is the student’s and/or applicant’s responsibility to obtain and file all the forms by the proper deadlines in order to be considered for aid at Felbry. Students selected for verification will have 30 days from the date of notification to turn in all necessary documents.
For entering students, notification of financial aid is given in the form of an estimated award letter shortly after admission.
Determining Financial Need
Financial aid eligibility for need-based aid is determined using the following formula:
Cost of Attendance – Expected Family Contribution = Financial Need
Financial need is the difference between what a family is expected to contribute toward the cost of the education and the actual cost of the education. For example, if the cost of education is $20,000 per year including both tuition and living expenses in the local area, and the family is expected to contribute $5,000, then the student’s need is $15,000.
The aid students receive from all sources of aid (including non-need based aid) may not exceed their cost of attendance.
Many students may choose only to seek aid for the cost of tuition and fees, since their housing, food, and other basic household costs are supported with ongoing family income.
Cost of attendance includes the following items:
| Practical Nursing | AASN Direct Track | AASN One + One Track | |
| Tuition | $ 15,737.50 | $ 23,845.00 | $ 33,067.50 |
| Fees | $ 3,750.00 | $ 6,570.00 | $ 9,396.00 |
| Books | $ 1,100.00 | $ 1,599.00 | $ 2,699.00 |
| Room and Board | $ 9,600.00 | $ 9,600.00 | $ 9,600.00 |
| Transportation | $ 840.00 | $ 840.00 | $ 840.00 |
Students can meet with the Financial Aid Officer to discuss itemized totals for expenses.
During his or her individual interview with a financial aid officer following completion of the Federal Application for Student Financial Aid (FASFA), each student will be informed of and given a written notification of the amount of financial aid the student and his or her parent can expect to receive from each Title IV program for which the student is eligible. If applicable, Direct loan programs will be separately identified as subsidized or unsubsidized.
Included in the written notice and discussed with the student will be information on how and approximately when the financial aid will be disbursed: through credit into the student’s financial account at the beginning of each payment period. Students will be informed of their right to cancel all or part of a loan disbursement and of the procedures and time frames for doing so.
Felbry will credit the student’s account based on the following schedule of when the student confirmed acceptance of the grant and/or loan(s) amounts for the award year:
If the borrower wishes to cancel all or a portion of his or her loan or grant, he or she must inform the school. A school must return the loan or grant proceeds, cancel the loan or grant, or do both, provided that the school receives the loan cancellation request within the following time frames:
Student Loan Fund Release Policy (Disbursement)
Annual Financial Aid awards will be divided by the number of terms for which the student is enrolled and disbursed by term as long as the student meets the eligibility requirements for the aid.
If all required application documents are received, student loan funds may post to the student’s school account within the first two weeks of the first day of the term. However, U.S. Department of Education regulations requires institutions to issue a Federal Student Aid credit balance no later than fourteen (14) days from:
Any questions regarding an apparent delay in a credit balance refund after aid has disbursed to the student’s account should be directed to Felbry’s Financial Aid Office.
The U. S. Department of Education requires that students who receive Title IV financial assistance meet minimum standards of academic performance and progress to maintain their eligibility for financial aid.
FCSON has incorporated those standards into its own and requires all students to meet the standards of satisfactory academic progress (SAP) identified below.
THE SAP POLICY EXPLAINS:
All students in all programs (part-time or full time) are required to meet the standards of academic performance that are outlined in the sections below and they are evaluated regularly to determine that the standards are met. These standards have multiple components:
As described below, each student must achieve the minimum CGPA within the MTF established, achieving the required completion rate of 67% at each evaluation point. Failure to meet these standards may result in dismissal from the academic program and in ineligibility to earn the diploma or degree in nursing.
MAXIMUM TIME FRAME (MTF)
For purposes of the college’s Satisfactory Academic Progress policy, completion “time” is measured in credits. The Maximum Timeframe, (MTF) allowed for any student to complete an academic program is 150% or 1.5 times the normal completion time. Any student who does not successfully complete the program within the MTF cannot earn the diploma or degree for his or her program.
The MTF will be adjusted for students who successfully transfer in credits earned from other accredited institutions. The total number of credits the student will need to complete the program after receiving transfer credits will be multiplied by 1.5 to determine the student’s MTF.
PRACTICAL NURSING PROGRAM:
The normal completion time for the Practical Nursing Program will be 46-semester credits. This means that 46 credits are required to complete the program and any student in the program who receives a passing score in each course taken without failing or dropping any course will complete the program within the normal completion time.
Students who fail or drop a course will have to repeat the course, which means the student must take more credits to earn the 46 credits required to complete the Practical Nursing program.
ASSOCIATE OF APPLIED SCIENCE IN NURSING (AAS) PROGRAM:
The normal completion time for the Associate of Applied Science (AAS) in Nursing program is 64.5-semester credits. This means that 64.5 credits are required to complete the program and any student in the program who receives a passing score in each course taken without failing or drop- ping any course will complete the Associate of Applied Science in Nursing program within the normal completion time.
Students who fail or drop a course will have to repeat the course, which means the student must take more credits to earn the 64.5 credits required to complete the Registered Nursing program.
ASSOCIATE OF APPLIED SCIENCE IN NURSING (AAS) ONE + ONE PROGRAM:
The normal completion time for the Associate of Applied Science (AAS) in Nursing one + one program is 89-semester credits. This means that 89 credits are required to complete the program and any student in the program who receives a passing score in each course taken without failing or dropping any course will complete the Associate of Applied Science in Nursing program within the normal completion time.
Students who fail or drop a course will have to repeat the course, which means the student must take more credits to earn the 89 credits required to complete the Associate of Applied Science in Nursing one + one program.
For students who are Licensed Practical Nurses entering the program with Advanced Standing who are required to take NUR 201 course, the normal completion time is 45-semester credits. This means that 45 credits are required to complete the program and any student in the program who receives a passing score in each course taken without failing or dropping any course will complete the Associate of Applied Science in Nursing one + one program within the normal completion time.
For students who are Licensed Practical Nurses entering the program with Advanced Standing who are required to complete additional courses, the normal completion time will be adjusted. This means that the additional credits are required to complete the program and any student in the program who received a passing score in each course taken without failing or dropping any course will complete the Associate of Applied Science in Nursing one + one program within the normal completion time.
The additional courses include ENG 101, PSY 101, NUR 201, and NUR 125 as applicable.
RN TO BSN COMPLETION PROGRAM
The normal completion time for the RN TO BSN completion Program will be 56-semester credits. This means that 56 credits are required to complete the program and any student in the program who receives a passing score in each course taken without failing or dropping any course will complete the program within the normal completion time.
Students who fail or drop a course will have to repeat the course, which means the student must take more credits to earn the 56 credits required to complete the RN to BSN completion program.
SAP EVALUATION POINTS
Students are evaluated for satisfactory academic progress at the end of each semester. A student is considered to be making satisfactory academic progress if the following conditions are met:
FINANCIAL AID WARNING:
For any Title IV-recipient student whose cumulative grade point average (CGPA) falls below 2.5 or the successful completion rate falls below 67% of all credits attempted, that student will be placed on financial aid warning for one semester. At the end of each semester, students who have failed to meet the required SAP requirements are notified officially via phone and email if they have failed SAP.
The student will have one semester to raise the CGPA to 2.5 or higher and/or completion rate to 67% or better. If the Title I V recipient student fails to make SAP by the end of the following semester, the student will be placed on Financial Aid Probation and will lose financial aid eligibility unless he or she successfully appeals the probation action.
ACADEMIC WARNING:
Students not receiving Title IV aid whose CGPA falls below 2.5 or successful completion rate is less than 67% of all credits attempted for the first time will be placed on academic warning for one semester.
The student will have one semester to raise his or her CGPA to 2.5 or higher and/or completion rate to 67% or better. If the student fails to make SAP by the end of the next semester, the student will be placed on Academic Probation unless he or she successfully appeals the probation action.
FINANCIAL AID PROBATION:
A Title IV student who does not meet the minimum SAP standards by the end of the next semester after being placed on Financial Aid Warning will lose eligibility for financial aid and will be placed on Financial Aid Probation.
If the student files a successful written appeal for reinstatement based on mitigating circumstances, the student will be removed from Financial Aid Probation and will have financial aid eligibility reinstated for one payment period. The student must agree to accept and comply with all terms and conditions of an academic improvement plan prepared by the Dean or designee. If the student does not meet minimum SAP standards by the end of the next semester, does not comply with the academic plan, or is not making progress will be academically dismissed.
Title IV students whose appeals were not accepted will remain on Financial Aid Probation for one semester but will not be eligible for financial aid. Title IV students who did not appeal will also not be eligible for financial aid but will remain on probation. Students on Financial Aid Probation must accept an academic improvement plan prepared by the Dean or designee and comply with the terms and conditions of that plan.
The student must meet the required SAP standard at the end of the probationary semester or must be satisfying all terms and conditions of his or her academic improvement plan. Otherwise, the student will be academically dis- missed from the college.
ACADEMIC PROBATION:
A non-Title IV and Title IV-recipient student who fails to meet the minimum SAP standards by the end of the semester following academic warning will be placed on Academic Probation. Students on academic probation must accept an academic improvement plan prepared by the Dean or designee and must comply with the terms and conditions of that plan. The student must meet the required SAP standard at the end of the probationary semester or must be satisfying all terms and conditions of his or her academic improvement plan. Otherwise, the student will be academically dismissed from the college.
RE-ESTABLISHING SATISFACTORY ACADEMIC PROGRESS:
A student who has failed SAP can only regain satisfactory academic progress by achieving a cumulative grade point average (CGPA) of 2.5 and a successful completion rate of 67% of all credits attempted. Satisfactory progress must be attained before the Maximum Time Frame (MTF) is reached for the program.
RE-ESTABLISHING FINANCIAL AID ELIGIBILITY:
A Title IV student who has been placed on financial aid probation will have his or her financial aid eligibility reinstated upon successful appeal based on mitigating circumstances.
Any Title IV student whose appeal was not accepted but who attains the required SAP standard or follows the academic improvement plan at the end of the probationary semester will be eligible for reinstatement of financial aid.
APPEALS:
Any student who has been placed on probation for the first time but thinks that there were mitigating circumstances that caused such student to fail the SAP standard(s) may file a written appeal. The appeal, with supporting documentation, must be submitted to the Dean or designee who, with the CEO and another school administrator, will make the decision whether to accept the student’s appeal.
The appeal must include an explanation of how the student’s mitigating circumstances have changed and what steps the student has taken to overcome those circumstances so that he or she is now capable of achieving and maintaining satisfactory academic progress. Examples of mitigating circumstances include but are not limited to:
If the appeal is granted, financial aid will be reinstated for one semester. The student must meet the required SAP standard at the end of the probationary semester or must be satisfying all terms and conditions of his or her academic improvement plan. Otherwise, the student will be academically dismissed from the college.
Treatment of Title IV Aid When a Student Withdraws
The law specifies how Felbry College School of Nursing must determine the amount of Title IV program assistance that you earn if you withdraw from school. The Title IV programs that are covered by this law are: Federal Pell Grants, Iraq and Afghanistan Service Grants, TEACH Grants, Direct Loans, Direct PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs), and Federal Perkins Loans.
Though your aid is posted to your account at the start of each period, you earn the funds as you complete the period. If you withdraw during your payment period or period of enrollment, the amount of Title IV program assistance that you have earned up to that point is determined by a specific formula.
If you received (or Felbry College or your parent received on your behalf) less assistance than the amount that you earned, you may be able to receive those additional funds. If you received more assistance than you earned, the excess funds must be returned by Felbry College and/or you
The amount of assistance that you have earned is determined on a pro rata basis. For example, if you completed 30% of your payment period or period of enrollment, you earn 30% of the assistance you were originally scheduled to receive. Once you have completed more than 60% of the payment period or period of enrollment, you earn all the assistance that you were scheduled to receive for that period.
If you did not receive all of the funds that you earned, you may be due a post-withdrawal disbursement.
If your post-withdrawal disbursement includes loan funds, Felbry College must get your permission before it can disburse them. You may choose to decline some or all of the loan funds so that you don’t incur additional debt.
Felbry College may automatically use all or a portion of your post-withdrawal disbursement of grant funds for tuition, and fees. Felbry College needs your permission to use the post-withdrawal grant disbursement for all other school charges. If you do not give your permission (or if you did not give it during the enrollment process), you will be offered the funds. However, it may be in your best interest to let Felbry College keep the funds to reduce your debt to the school.
There are some Title IV funds that you were scheduled to receive that cannot be disbursed to you once you withdraw because of other eligibility requirements. For example, if you are a first-time student and you have not completed the first 30 days of your program before you withdraw, you will not receive any Direct Loan funds that you would have received had you remained enrolled past the 30th day.
If you receive (or Felbry College or your parent receives on your behalf) excess Title IV program funds that must be returned, Felbry College must return a portion of the excess equal to the lesser of:
Felbry College must return this amount even if it didn’t keep this amount of your Title IV program funds.
If Felbry College is not required to return all of the excess funds, you must return the remaining amount.
Any refund calculated must be returned first to the Title IV programs. Refunds are allocated in the following order:
Student’s Right to Know:
Financial Aid Restrictions
A student may be restricted or lose eligibility for financial aid if they