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Financial
Aid Programs
The
primary purpose of the financial aid program at Saint Anthony
College of Nursing is to provide financial assistance within
its available resources to those students who, without such assistance,
would be unable to attend. State and federal funding is necessarily
tentative at the time awards are made and the College cannot
guarantee substitute awards if an anticipated outside source
of assistance does not materialize.
All state and
federal funding regulations relative to the individual program or
award must be fulfilled by the student. In particular, the following
criteria must be met in order to receive financial aid at Saint Anthony
College of Nursing.
| 1. |
Student
receiving state or federal aid must remain enrolled in at
least 6 credit hours. |
| 2. |
Students
receiving financial aid are subject to satisfactory academic
progress. |
| 3. |
The awards
will be void if and when incorrect information is revealed
on any student application for financial aid. |
| 4. |
Financial
aid is not automatically renewable and must be applied for
each academic year. (PLEASE NOTE THAT FEDERAL AND STATE APPLICATION
DEADLINE ARE NOT THE SAME. LATE APPLICATIONS RESULT IN A
LOSS OF FINANCIAL AID). |
| 5. |
Students
seeking financial assistance complete the Free Application
for Federal Student Aid (FAFSA) form. |
| 6. |
Preliminary
awards will be revised if estimated awards are not realized
from Pell or ISAC; if errors have been made in the calculation
of the awards; if student enrolls on a less than full-time
basis (12 credit hours); or if the funding levels of these
programs changes. |
| 7. |
Any financial
assistance such as scholarships or other outside resources
must be reported to the financial aid office. |
APPLICATION PROCEDURE FOR FINANACIAL AID
To apply for financial aid at Saint Anthony College of Nursing,
a student must complete the Free Application for Federal Student
Aid (FAFSA). These forms may be picked up at the financial
aid office, or obtained on-line at www.fafsa.ed.gov. Student must
inform
the Student Services Office of all awards.
Students must
reapply for financial aid each year. Financial assistance is
not automatically
renewed each year. Various awards have different
application deadlines. For additional information, contact:
Financial
Aid Officer
Saint Anthony College of Nursing
5658 East State Street
Rockford, Illinois 61108-2468
(815) 395-5089
To ensure
consideration for various scholarship programs, the FASFA
form should be filed by May 1 for the following
academic year.
The financial
aid programs available at the College include grants, tuition
waivers, loans, and scholarships.
Student
may contact the
Financial Aid Office concerning eligibility questions,
procedures, application forms, and additional
financial information.
The following financial aid programs are available
to qualified students at Saint
Anthony College of Nursing.
SAINT
ANTHONY COLLEGE OF NURSING SPONSORED SCHOLARSHIPS
Alumni Memorial Scholarship ($1000 is awarded
to an in-coming junior based on scholarship,
financial
need and community
service).
Dean’s Scholarship (awarded to a high school senior,
and held in escrow until student enrolls and meets final eligibility
requirements).
Mary Michel Scholarship (awarded to a registered
nurse returning to school to earn the BSN).
St. Joseph Foundation (awarded to students
from Boone, McHenry, Kane and DeKalb counties).
HEALTH-CARE
RELATED ORGANIZATION SCHOLARSHIPS
Association of Operating Nurses Association
Blanche Dawson Nursing Scholarship
CGH Medical Center Auxiliary
James D. Durante Nurse Scholarship
Helene Fuld Health Trust
Freeport Memorial Hospital Scholarship
Illinois Department of Public Health
Illinois Hospital Association
Illinois Hospital Research & Education Foundation
Illinois League for Nursing, Inc.
Illinois Nurses Association
Memorial Hospital Auxiliary (Woodstock)
Mercy Hospital
National Student Nurses Association
Northern Illinois Medical Center
OSF Saint Anthony Medical Center Auxiliary
OSF Saint Anthony Medical Center Medical Staff
Rockford Health Careers Foundation
Rockford Memorial Auxiliary Scholarship
Saint Anthony Alumni Memorial Scholarship
Saint Anthony Medical Center Medical/Dental Staff
Saint Anthony Nurses Alumni Association
Student Organization
This list
is subject to change without notice
COMMUNITY
ORGANIZATION SCHOLARSHIPS
American Legion
AMVETS
Blackwell Scholarship
DAR
Elks Lodge Auxiliary Scholarship
Edward Mellinger Education Foundation
Forest City Chapter of American Business Women
Guilford Chapter of Colonial Dames of the XVII Century
Harvard Women Moose
Illinois Association of Snowmobiles
Illinois Sheriff's Association
Lyman Thorpe Nurse's Scholarship (sponsored by Cosmopolitan
Club of Rockford)
North Suburban Woman's Club
Ralph Baudhuin Foundation Scholarship
Scottish Rite Bodies (sponsored by Masonic Temple)
Sinnissippi Chapter of American Business Women
Trinity Lutheran Church
UAW Chrysler Tuition Assistance
Winnebago County Fair Board
FEDERAL
AND STATE PROGRAMS
Americorps
Illinois Department of Public Health (Nursing Education Scholarship)
Job Training Partnership Act (JTPA)
MAP Grant (Illinois State Monetary Award)
Pell Grant (federal)
Private Industry Council (PIC)
Upward Mobility Program
Stafford Loan (subsidized - need based)
Stafford Loan (unsubsidized - non-need based)
PLUS Loans (parent loans for undergraduate students)
ALTERNATIVE
LOAN PROGRAMS
Key Alternative Loan
U.S.
DEPARTMENT OF VETERANS AFFAIRS
Saint Anthony College of Nursing has been approved to provide
Veterans Education Benefits by the State Approving Agency
for Veterans Education,
Illinois Department of Veteran Affairs. For more information
regarding the education benefits, please contact the
Student Services Office.
OTHER
SCHOLARSHIPS
These are available in very limited numbers. All eligible
students who have completed the FASFA form will be considered
for available
private scholarships. A private interview with the Scholarship
Committee may be requested of the student to further
determine the award.
There is a
bulletin board on the first floor hallway where scholarship applications
and information
are posted
for
student reference.
Students beginning
to take the required pre-nursing courses at other colleges or
universities in preparation
for
transferring to Saint Anthony College of Nursing
should contact the
financial aid office at that institution for financial
aid. Students
should
be sure to use that institution's college code on
their financial aid application.
STAFFORD
LOAN PROGRAM
When a student completes the FAFSA form, they may
indicate if they desire to be considered for a
student loan.
The College determines
the student’s eligibility for subsidized
and unsubsidized loans and awards accordingly.
The student may at that time accept
or reject the loan offer on the award letter. If
the loan is accepted, the student must complete
and sign a Master Promissory Note (MPN),
authorizing the College to proceed with the loan.
The student completes the “entrance loan
counseling” process (may be done
individually or as a group). The College notifies
the students when the loan check has arrived and
issues the student an authorization
notice to take to administration (first floor)
to pick up the loan check. The entire loan process
must be repeated each year (checks
are issued each semester). The student completes
the “exit
loan counseling” process (may be done individually
or as a group) once he/she has ceased attending
at least half-time.
REFUND
POLICY
Since Saint Anthony College of Nursing incurs expenses
in advance for the entire academic year, a refund
schedule has
been developed
to reflect an equal sharing of the loss when
a student withdraws. Students who officially withdraw
from
the College or are
dismissed will be able to receive the following
refunds.
Week
of Withdrawal*
First or Second
Third
Fourth
|
Percent
of Tuition Refunded
70
50
30 |
Class
Days
1 - 10
11 - 15
16 - 20 |
*Semester
with more or less than 16 weeks will be prorated accordingly. No
refunds will be granted after the 20th day. Students who drop
on or more courses, but maintain full-time status are not eligible
for a tuition refund. Students who drop below full-time status
prior to the first day of class will have their tuition calculated
as a part-time student (per credit hour), less and registration
change fees. Students who are full-time as of the first day
of class, but drop a course or courses resulting in less than full-time
status during the refund period will have a refund calculated on
the basis of the difference in the full-time and new enrollment
status (per credit hour) and the refund percentage listed above.
No
refund on supplies or fees.
In order to receive the appropriate refund, a student who wishes
to withdraw from the College must follow the “Withdrawal
from the College” policy and procedure.
FINANCIAL
AID RECIPIENTS
The refund policy may be superseded by any federal and /or state
mandate necessary to remain eligible for student financial anid
programs. Any refunds or repayments are made to the
financial aid programs first.
PRO-RATA
REFUND POLICY FOR VETERANS
In the event that any student who receives
veteran’s aid
fails to enter a course, withdraws
from the course, or is dismissed
by the College
at any time prior to the completion
of the course,
the unused portion of the tuition,
fees, and other charges paid by the
individual
shall be refunded within 40 days.
The exact proration
will be determined on the ratio of
the number of days of instruction
completed
by the student to the total number
of instructional days
in the course.
STANDARDS
OF ACADEMIC PROGRESS FOR FINANCIAL AID
This policy is to ensure compliance
with Title 34, Section 668.16,
Department of Education Federal
Regulations.
At the end of each
semester, all students receiving
monies from any Title IV program
or the ISAC
Monetary Award
Program,
are
reviewed
to certify
they have met the minimum Standards
of
Academic
Progress (SAP). SAP
will be checked once/year for each
student.
| Probation--a
student will be placed on (SAP) probation if the student
fails to: |
| 1. |
earn
a minimum grade point average of 2.0 for all Saint Anthony
College of Nursing courses; |
| 2. |
earn
at least a “C” in all courses taken to meet SACN
graduation requirements. |
| |
| Suspension--a
student's federal and state financial aid will be suspended
if the student: |
| 1. |
fails
to progress toward their degree at a minimum rate of 67%.
Completion rate is calculated by dividing cumulative hours
earned by cumulative hours attempted. |
| 2. |
fails
to complete the degree after attempting 96 credits at Saint
Anthony College of Nursing. |
| 3. |
is placed
on SAP probation for a second time. |
Reinstatement
If a student completes one
half-time semester (at least
6 credits)
after SAP suspension,
the student
may be
re-instated for the
next semester. Monies will
not be awarded retroactively.
Appeal
A student may appeal the
SAP suspension to the Financial
Aid Committee.
The decision of the
Financial Aid
Committee is final.
ROBERT
A. MILLER, SR EMERGENCY LOAD FUND
The Robert A. Miller, Sr.
Emergency Loan Fund was
established by
the family of
Mr. Miller
to help
nursing students
in time of need.
This short-term loan
program can be used to help pay
rent, living
expenses,
books,
supplies
or
other related
expenses.
Students
who are in need of a
small, short-term loan should
contact the Director
of Student Services for
further information.
THE
LIFETIME LEARNING TAX CREDIT
Each year Saint Anthony
College of Nursing
will provide statements
needed
for students
and their
families
to file for the Lifetime
Learning Tax Credit.
Student or parents
should contact
their accountant
or
tax preparer
for more information
to apply
for this new tax
credit and how it may
apply to their specific situation.
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