Students
must apply for financial aid each academic year. Students who
completed a FAFSA from the previous school year may complete a
Renewal FAFSA. The Renewal FAFSA will have previously reported
information already filled in, only updated information is
required. Every student must demonstrate satisfactory academic
progress according to the School's Progression Policy, in order to
receive any financial aid awarded through the School. After a
student withdraws from the program, he/she may apply for
readmission. If the student is accepted for readmission into the
program, he/she regains
eligibility for financial aid.
Federal regulations require all educational institutions that
administer Title IV funds to monitor the academic progress of those
students applying for or receiving federal monies. All students
regardless of financial aid status must meet the same academic
standards in order to progress throughout the program. A minimum
grade of “C” (2.0 G.P.A.) and a satisfactory clinical evaluation (if
applicable) are required in each nursing course for a student to be
eligible for progression into the subsequent semester/session.
Student progression is monitored by the Curriculum/Educational
Effectiveness Committee at the end of each semester/session. A
student may be readmitted to the program only once, and therefore,
must complete the program in its entirety as planned, once
readmitted. The readmitted student regains financial aid eligibility
and must meet SAP thereafter. The readmitted student must
satisfactorily complete the program within 150% of the published
length of the program in order to retain federal financial aid
eligibility.
FEDERAL FAMILY
EDUCATION LOAN PROGRAM (FFELP) CODE OF CONDUCT
In compliance with
the 2008 Higher Education Opportunity Act (HEOA), enacted on August
18, 2008, Trinity Health System School of Nursing developed the
FFELP Code of Conduct. The School does not have a preferred lender
arrangement. Students may secure loan monies from the bank/lending
agency of their choice. The following guidelines serve as a
foundation to the integrity and ethical boundaries of the student
loan processes at Trinity Health System School of Nursing.
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The School and
its employees will not enter into any revenue-sharing
arrangements with any lender. More specifically, where the
lender pays a fee or provides other material benefits, including
revenue or profit sharing to the school or to its officers or
employees in exchange for the School recommending the lender to
student borrowers or to the families of those students.
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Employees of
the School’s Financial Aid Office will neither accept nor
solicit gifts from a lender, servicer, or guarantor of student
loans. The 2008 HEOA defines as “any gratuity, favor, discount,
entertainment, hospitality, loan, or other item having monetary
value of more than a de minimus amount. Exceptions to this gift
ban include:
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Brochures,
workshops, or trainings using standard materials relating to
a loan, default aversion and prevention, or financial
literacy.
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Food,
training, or informational material provided as a part of a
training session designed to improve the service of a
lender, guarantor, of servicer if the training contributes
to the professional development of the Schools’ Financial
Aid Office employees.
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A Lender or
guarantor may conduct entrance and exit counseling at the
School. The School will maintain the control of such
counseling. The counseling will not promote the products
and/or services of the lender or guarantor.
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The School
may accept philanthropic contributions from a lender,
guarantor, or services that are unrelated to educational
loans or any contribution that is not made in exchange for
advantage related to education loans.
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The School
may accept education grants, scholarships, or financial aid
funds administered by or on behalf of the State of Ohio.
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Employees of
the School’s Financial Aid Office will not accept from a lender,
or affiliate of any lender, any fee, payment, or other financial
benefit as compensation for any type of consulting arrangement
or contract to provide services to or on behalf of a lender
relating to education loans.
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The School
will not assign first-time borrowers, through award packaging or
any other methods, to any particular lender. Additionally, the
School will not delay or refuse to certify a loan based on the
borrower’s selection of a particular lender or guarantor.
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The School will
not request or accept funds for private education loans,
including funding for opportunity pool loans in exchange for
providing a lender with a specific number of student loans made,
insured and/or guaranteed; a specific loan volume; or a
preferred lender arrangement.
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The School will
not request or accept assistance with financial aid office
staffing from any lender. The only acceptable forms of
assistance are professional development training, education
counseling materials financial literacy, or debt management
materials that disclose the name of the lender that prepared the
materials. Short –term non-recurring staffing assistance may be
permitted in the case of an emergency or disaster situation.
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Employees of
the Financial Aid Office are prohibited from accepting any type
of remuneration for serving as a member of an advisory board,
commission, or group established by a lender or guarantor.
Financial resources that are currently available include:
1. William D. Ford Federal Direct Loan
(Direct Loan) Program
Eligible students and parents borrow low-interest loans directly
from the U.S. Department of Education. The interest rate for Direct
Subsidized Loans borrowed on July 1, 2010 but prior to July 1, 2011
is 4.5%.
The interest rate for Direct Unsubsidized Loans borrowed is 6.8%.
PELL Grant eligibility and the expected family contribution
calculation should be determined by the U.S. Department of Education
via the FAFSA submission prior to applying for a Direct Loan. Most
federal loan monies will be distributed via multiple disbursements
as prescribed by the government.
Direct Subsidized Loan eligibility is based on federal need as
determined by federal regulations. The U. S. Department of Education
will pay (subsidize) the interest that accrues on subsidized loans
while the student is enrolled at least half-time, during deferment,
and grace periods. Subsidized loan limits for the dependent student
are
set @ $3,500 for first-year students and increased to $4,500 for
second-year students.
Financial need is not a requirement to obtain an unsubsidized loan.
The student is responsible for paying the interest that accrues on
unsubsidized loans. The interest payments can be deferred until
after graduation by capitalizing the interest. This adds the
interest payments to the total loan balance, ultimately increasing
the cost of the loan. Effective
July 1, 2008 dependent students can borrow up to $2000.00 in an
unsubsidized loan. Independent students and dependent students whose
parents cannot borrow a PLUS loan can borrow up to $6000.00 in an
unsubsidized loan. Unsubsidized loans amounts cannot exceed the
educational cost of attendance minus other financial aid.
Beginning July 1, 2010, there will be a 1.0% origination fee on
Subsidized and Unsubsidized Direct Loans. There is a 0.5% interest
rebate on the origination fee thus resulting in a net fee of 0.5%
which will be deducted from the gross loan amount. Once in
repayment, if the first 12 monthly payments are made on time, the
rebate becomes permanent. However, if there is failure to make 12
on-time monthly payments, a charge for the initial rebate will be
added to the outstanding balance of the loan.
Loan repayments
begin six months following graduation or withdrawal. All student loan
borrowers are required by federal law to participate in both an
entrance and exit interview with the Coordinator, Student Affairs. Failure to do this
will result in denial of the release of the students transcripts.
2.
Direct Parent PLUS Loan
Direct Parent PLUS Loans are limited to parent borrowers. Direct
PLUS loans have a fixed interest rate of 7.9 %. A PLUS loan may not
exceed the student’s estimated cost of attendance minus other
financial aid awarded during that period. Accruing interest can
either be paid by the parent borrower monthly or quarterly, or be
capitalized quarterly. PLUS loan borrowers cannot have an adverse
credit history (a credit check will be completed). Securing an
endorser may be necessary. Parents and their dependent child must
meet all of the basic eligibility requirements for federal student
aid. There is a 4% origination fee on Direct PLUS Loans. The
interest rebate is 1.5% resulting in a net fee if 2.5% which will be
deducted from the gross loan amount. In order to maintain the
rebate, 12 on-time monthly payments are required.
Parent borrowers have the right to cancel or make adjustments to
their federal PLUS loan disbursement(s) for each semester/session.
The parent borrower must submit a written request to the Office of
Student Affairs within 14 days from the date of notification that
the anticipated disbursement(s) appeared on the student’s billing
statement, or before the first date of classes, whichever occurs
last.
3. PELL Grants
The Pell Grant is a federally assisted program. This grant
unlike a loan does not have to be repaid, providing the student
completes at least 60% of the designated semester/session. The
Pell Grant is intended to be the foundation upon which all other
forms of financial assistance can be built. Accordingly,
students desiring additional loans and/or grants are required to
first apply for funds from the Pell Grant. Pell Grants are
awarded on the basis of need and vary from $976 to $5,350 for
full-time students. Students apply for the Pell Grant by
completing the FAFSA.
4. Veterans
Benefits (G.I. Bill)
A student who is a veteran is eligible for educational assistance
as determined by the Veterans Administration. Full information for such aid may be obtained
by contacting the local VA Representative or by calling
1-888-442-4551
5. Social
Security Education Benefits
Students who qualify for Social Security educational benefits should
make application at a local office of the Social Security Administration.
6. Pennsylvania
Higher Education Assistance Agency (PHEAA)
Grants Grants are awarded to Pennsylvania residents on the
basis of financial need.
The FAFSA will be used as the application for a PHEAA state grant.
Students may contact PHEAA at www.pheaa.org.
7.
Ohio College Opportunity Grant (OCOG)
The Ohio College Opportunity Grant provides need-based tuition
assistance to Ohio residents from low to moderate income families
with an EFC of 2190 or less and a maximum household income of
$75,000. Awards are available for full-time, three-quarters time and
half-time enrollment. For the 2010-2011 school year; there will
no OCOG awards granted.
Students may apply for the OCOG by completing the FAFSA. The
deadline for OCOG eligibility is October 1st. of each year.
8. The Ohio
Nurse Education Assistance Loan Program (NEALP)
The purpose of this program is to assist the State of Ohio in meeting
nurse shortages by providing financial assistance to Ohio nursing
students and to encourage these students to remain in Ohio as they
enter the nursing profession. Information on eligibility requirements
may be obtained in the Office of Student Affairs.
Students may apply for NEALP online at
http://www.regents.state.oh.us/sgs/nealphelp.htm. Students may
send inquires to
nealp-admin@regents.state.oh.us if they have additional
questions. Application deadlines for NEAP: June 1st for all new and
continuing nursing students who start programs in the Fall. Nov.
1st. for all new nursing students who will start new programs on or
after Jan. 1st.(Spring)
9. The Douglas
F. Naylor Scholarship Fund
The Naylor family provides scholarship funds to assist one first
year
and one second year nursing student per year. The funds must be utilized
to meet direct educational expenses. Application, in writing, should
be made to the Director of the School of Nursing by April 1 of
each year.
10. Vocational
Rehabilitation Education Assistance
Students who qualify for vocational rehabilitation educational assistance
should make application at a local Bureau of Vocational Rehabilitation
Office.
11. Trinity
Health System Auxiliary
This organization provides scholarship funds each year. The funds
are considered a loan until the student completes the program, at
which time they become a gift. If the student does not complete
the program, a repayment schedule will be arranged. Monies from
this fund are awarded to students who have successfully completed
at least one academic term (minimum 13 credits) at the School of Nursing.
Application, in writing, should be made to the Director of the
School of Nursing by April 1 of each year.
12. Robert J. D’Anniballe, Sr.
Scholarship
Robert D’Anniballe provides $1500 for
three scholarships annually for needy students at Trinity Health
System School of Nursing. Preference is given to first year and
second year students from Jefferson County.
Application, in writing, should be made to the Director of the
School of Nursing by April 1 of each year.
13. Project
BEST
Project BEST, a construction industry labor-management cooperation
committee, provides the School of Nursing $2,000.00 to be used as
scholarship monies for eligible
students. Employees, their spouses and their dependents of local
participating contractors and Building Trade Unions are eligible
to apply for these scholarships. The individual participating educational
institution determines who will actually receive the award. The
Scholarship is to be used solely for educational expenses such as
tuition, fees and books. The scholarship
monies are funded by joint contributions between contractors and
construction trade unions. Applications may be obtained at the Office
of Student Affairs.
14.
Frank I. and Bessie C. Blackburn Scholarship
In memory of Frank I. and Bessie C. Blackburn, this scholarship was
established to help young people from the Ohio Valley obtain a
quality nursing education. Eligibility for this scholarship is
based on academic quality and financial need of students.
Recipients must maintain a 2.75 G.P.A. to remain eligible for
renewal of this scholarship. Graduates of Steubenville High
School and Steubenville Catholic Central will be given first
consideration for these Scholarship funds. Application in
writing, for this scholarship should be made to the Director of the
School of Nursing by April 1 each year.
15.
Trinity School of Nursing Tuition Forgiveness Scholarship/Loan
Program. Trinity Health System provides a specified number of tuition
forgiveness scholarship/loans to Trinity Health System School of
Nursing to eligible full-time employees and members of their
immediate family. Such scholarship/loans will provide for the
forgiveness of the School of Nursing Tuition costs in return for the
recipient working for Trinity East/West or other subsidiary of Trinity Health System for a minimum of three (3) years
on a full-time basis immediately following graduation and
licensure. Specific eligibility requirements can be located in the
Health Systems Meditech Library under "Benefits".
Tuition Forgiveness Scholarship/Loan Applications are available from
the Human Resources Office and must be completed and returned no
later than May 31 of each year for the academic
program commencing in the Fall of that same year. All applicants
must meet the current pre-admission/progression requirements as
outlined on this Website. All applicants to the School must be
a first time, first year student or a first year LPN to RN Advanced
Placement Student for the purposes of this scholarship/loan.
16.
Workforce Investment Act (WIA) Training Provider
Trinity Health System School of Nursing is an Eligible Training
Provider for Registered Nursing under the State of Ohio's Workforce
Investment Act (WIA) Program.
17. Dr.
Ruksha Memorial Scholarship
In memory and honor of Dr. Paul Ruksha, two $250.00 scholarships
have been established to assist two Senior level Nursing Students
fund their final level of the program and or graduation expenses.
application, in writing, should be made to the Director of the
School of Nursing by April 1 of each year.
18. Frances Agnes Yanovjak
Nursing Scholarship A perpetual Nursing Scholarship has
been established in the name of Frances Agnes Yanovjak at the
Trinity Hospital School of Nursing in Steubenville, Ohio.
Frances was a 1962 graduate of Madonna High School in Weirton, West
Virginia. She completed in 1965 her Registered Nurse (RN) training
and certification at the Ohio Valley Hospital School of Nursing, now
named the Trinity Health System School of Nursing.
The criteria for this annual
scholarship is first a recent graduate of Madonna High School
attending the Trinity School of Nursing and if there are no Madonna
applicants, an incoming student at Trinity having financial need and
chosen by the Trinity School of Nursing will be honored.
Application, in writing, should be made to the Director of the
School of Nursing by April 1 of each year.