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School of Nursing

Refunds and Special Circumstances

Title IV Refunds

The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.

If a student leaves the school prior to completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula: Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.

Receiving Your Financial Aid

All grants and loans are disbursed thirty (30) days from the beginning of the first semester and on the first day of the second semester. Loans are divided into disbursements according to the number of semesters you indicate you will enroll during the academic year. For example, by indicating that you will enroll for the fall and winter/spring semesters, your loan money will be divided into two equal disbursements, one each semester. If you indicate that you will enroll for a single semester, your loan eligibility will be pro-rated and must be disbursed in two payments during the semester, each representing one-half of your loan amount. A pro-rated loan will equal one-half - or less- of the annual loan amount, and will be calculated based upon your eligibility.

Your financial aid is applied directly to institutional charges (tuition, fees, etc.). Any excess funds will be refunded to you within 21 days of the date the credit balance occurs. The Coordinator of Student Services will notify you as to when you may pick up your refund check. Should you decide to leave the credit balance on your student account for the next billing semester, you must notify the Financial Aid Office during your financial aid appointment.

Special Circumstances

While the process of determining your financial aid eligibility is basically the same for all applicants, there is some flexibility for specific circumstances. At Holy Name Medical Center School of Nursing the Financial Aid Officer determines whether your special circumstances merit changes in the data elements which determine your Expected Family Contribution or your Cost of Attendance. Situations which might merit special circumstances include:

  • Unusual medical and dental expenses
  • Child care and dependent care costs
  • Unusual debts
  • Income reduction or nonrecurring income
  • A family and financial situation in which a student normally considered dependent could be considered independent

If you feel you have any special circumstances that might affect the amount you and your family are expected to contribute, you must wait until you receive an award letter and then submit your request in writing to the Financial Aid Officer.

It is Holy Name Medical Center School of Nursing policy not to consider a reduction in income for the following:

  • Tuition paid for elementary/secondary private school
  • Unusual expenses related to personal living (i.e., wedding expenses, credit card bills, home mortgage or school loan payments, car payments, legal expenses, and other miscellaneous consumer item expenses)
  • Families with reductions processed in the previous year whom grossly underestimated this year's income
  • One year bonus incomes such as lottery or gambling winnings
  • Reductions in overtime pay
  • Reductions in income resulting from bankruptcy proceedings
  • Medical expenses other than those claimed as a deduction on your Federal Tax Returns

Tuition Refund Policy

All Federal Aid program details are available for reading, review, or explanation in the Financial Aid Office.

For refund consideration, a student must file a course withdrawal form through the Registrar indicating the reason for withdrawal. The refund amount is determined by the date on the student's official withdrawal form. Listed below is the Refund Policy for Holy Name Hospital School of Nursing students, less all fees.

School of Nursing Refund Policy by Semester (Tuition & Fees)

Widthdrawl Date Refund (of tuition fees refunded)
Withdrawal within the first two weeks of semester 75%
Withdrawal within the third week of semester 50%
Withdrawal within the fourth week of semester 25%
Withdrawal after the fourth week of the semester 0%

To obtain a tuition refund, the student must notify the Coordinator of Student Services and the Director of School of Nursing in writing of his/her intention to withdraw from the program. The date of the withdrawal letter will determine the amount of refund. The enrollment fee is non-refundable.

Please Note: Students will not be refunded for the cost of the uniform and lab kit once they are ordered. The cost of the Microsoft Surface Go tablet will not be refunded once the student accepts the device. The cost of these items will be subtracted from the balance due to the student based on the withdrawal date.

If a student withdraws from the program, no financial aid monies will be refunded to the student. These monies are to be used for educational expenses only, and will be returned to SFA programs. The Financial Aid Office will notify the guarantee agencies of the LDA of student borrowers who have stopped attending.

Outstanding tuition and fee balances owed to the School will be deducted first from any Financial Aid disbursements made on behalf of the student. If a student is owed a cash disbursement "refund" after applicable deductions, the cash disbursement "refund" payment will be made as follows:

For Federal PELL Grants and Federal Direct Subsidized and Unsubsidized Loans: If a student is due a refund against a federal Pell grant or federal Direct Loan disbursement, a check will be issued to the student for that amount. The student will be notified to pick up the check in the Registrar's Office. The student must sign for receipt of the check.

For Alternative or Private Loans: Alternative or Private Loan checks are made co-payable to both the student and the school. The student will be notified to come to the Registrar's Office to endorse the check and receive a receipt for that check from the Registrar. The check is then deposited to the School's account with the Hospital's Finance Officer.

Refunds issued from Title IV funding such as PELL Grant or Federal Student Loans cannot be dispersed prior to the end of the semester they were issued. A Holy Name Medical Center check will be drawn payable to the student for the "refund" amount and will be available in about 14 to 21 days. The student will be notified to pick up their check.