Sources of Financial Aid

Sources of Financial Aid

Federal Pell Grants

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and non-federal sources might be added. Award amounts are determined by the students Expected Family Contribution (EFC) and will be included on a student’s award letter.  For 2016-17, the Pell grant maximum award is $5815 and the maximum eligible EFC is 5234.  Note the amount of Fedeal Pell Grant funds (LEU) a student may receive over their lifetime is limited by federal law to be equivalent of six years.  Since the maximum amount of Pell Grand funding a student can receive each year is equal to 100%, the six year equivalent is 600%.  Other eligibility requirements must be met. You will be directed to enter your FSA User ID and password.

Pennsylvania State Grant for Pennsylvania Resident

The Pennsylvania State Grant Program provides grant awards to eligible Pennsylvania residents in need of financial assistance to help them afford the costs of higher education. PHEAA administers the PA State Grant Program at no cost to taxpayers, ensuring that every dollar appropriated to the program goes directly to students. State Grant eligibility is calculated in accordance with the federal Need Analysis Formula and Pennsylvania State Grant policies.

The deadline date for consideration of PHEAA State grant is determined by the FAFSA information submitted by May 1.

To learn about creating an FSA ID, download this flyer.

For more information about the Pennsylvania State Grant program, call 1-800-692-7392 or visit the website at www.pheaa.org.

Veterans Benefits

Abington Memorial Hospital Dixon School of Nursing has a certifying official on campus who submits the certification of enrollment to the Department of Veteran’s Affairs electronically via the VAonce website. If you are applying for VA Educational Benefits, you should investigate your options such as what benefits you are eligible for, how much you are entitled to receive, etc.

Go to the GI Bill® website and select “What Benefit is Best for Me?”

Remember, the sooner you get the necessary documents to the VA, the sooner the VA can begin processing your claim for educational benefits.  You will need to submit a copy of your Certificate of Eligibility to the financial aid office in order to be enrolled in classes at DSON.

Abington Memorial Hospital Dixon School of Nursing is an educational institutions participating in the Principles of Excellence program with the Veterans Benefits Administration.

If you are a veteran, contact the DSON for more information.

Federal Direct Stafford Loan

Direct Loans (DL) are low-interest loans for students and parents to help pay for the cost of a student’s education after high school. However, borrow wisely. The amount a student can borrow in the subsidized and unsubsidized DL Stafford loans annually is determined by grade level and dependency status. Financial aid combined with all outside tuition assistance and loans must equal the students cost of attendance. Student loans are to be used towards a student’s related educational expenses.  Direct loan fees are 1.068% for DL Subsidized and Unsubsidized loans.  The intereste rate is fixed for DL Stafford loans at 3.76%.

Click here to learn more about Federal Direct Stafford Loans.  You will be required to enter your FSA User ID and password.

Federal Parent Plus Loans

For Parents of a dependent student wishing to borrow from the DL Parent Plus program, a FAFSA must be on file for the student. Please log into www.studentloans.gov using your FSA user ID and password. Only one parent needs to submit the Plus loan application and Master Promissory Note. The interest rate is 6.31% and fixed for the life of the loan. DL Plus loan fees for loans are 4.272 % and are deducted by the Department of Education when the loan disburses.  For more information, visit this link and enter your FSA User ID and password. If you are planning to apply for the Plus loan, please contact the Office of Financial Aid. Parents should contact the Financial Aid Coordinator to determine how much they need to borrow.

Before a Parent Plus loan can be processed, the parent must complete the Plus application each year and have signed the DL Plus Master Promissory Note. The Plus loan is a credit based loan, so parents must be approved before the loan can be certified. For more information about the Plus loan call 1-800-557-7394. A parent can request an endorser to co-sign the Plus loan application. If a parent is denied a Plus loan, the dependent student can be eligible for additional unsubsidized Stafford loan.

Alternative Education Loans

Private Education Loans also known as Alternative Education Loans help bridge the gap between the actual cost of the students’ education and the limited amount the government allows students to borrow. Private loans are offered by private lenders and often depend on your credit score. Private education loans tend to cost more but are less expensive then credit card debt. Abington Memorial Hospital Dixon School of Nursing encourages students who need to supplement their educational costs with private loans to research the interest rates, fee’s and terms of these loan before choosing a lender. Abington Memorial Hospital Dixon School of Nursing does not have a preferred lender list.

Abington Memorial Hospital Women’s Board Auxiliaries Scholarship

The Abington Memorial Hospital Women’s Board Scholarship has provided students at the Abington Memorial Hospital Dixon School of Nursing with need based scholarships to assist with their tuition obligation. The Abington Memorial Hospital Women’s Board Scholarships have been awarded to eligible students. Students are notified of their selection for this award via the award letter. Students are required to submit a thank note to the Abington Memorial Hospital Women’s Board and Auxiliaries.

Employer Tuition Reimbursement

Tuition Reimbursement maybe available from the student’s place of employment, which student’s should investigate with their supervisor. Students must notify the Bursar’s Office and Financial Aid Office if they are receiving these benefits. Abington Memorial Hospital Dixon School of Nursing doesn’t accept employer tuition reimbursement in lieu of the tuition payment. Tuition and Fees must be paid prior to the start of classes. Students can request an account statement to submit the charges to their employer to be reimbursed. Contact the DSON Bursar, Mary Beth Prajzner at 215-481-5527 or Mary.Prajzner@jefferson.edu. There are no exceptions.

 

“GI Bill®” is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by the VA is available at the official U.S. government website at www.bnenfits.va.gov/gibill.