Federal Financial Aid Programs
Mountainside Hospital School of Nursing participates in the Federal Pell Grant Program and the William D. Ford Direct Loan Program. To be eligible to apply, a student must be accepted to Mountainside Hospital School of Nursing, and have paid the $500.00 Save-A-Place Fee.
All federal financial aid is applied for and received through Mountainside Hospital School of Nursing, not through the educational institution(s) where required college courses are taken.
To apply, students must submit a Free Application for Federal Student Aid (FAFSA) to the Department of Education. Applications are available via the internet www.fafsa.gov A limited number of FAFSA’s are available in the Financial Aid Office. Awards to eligible students are made annually, and are credited directly to the student’s account for fall and spring (PELL Grants may be awarded for fall, spring and summer). Students must reapply each academic year. Financial need is determined by the Department of Education and the School’s Financial Aid Officer.
The School of Nursing’s Financial Assistance Program
The School’s Financial Assistance program offers grants-in-aid, work study positions and merit scholarships to students who are enrolled in nursing. Eligibility may be determined by need or merit.
Financial need is determined by submitting the FAFSA. Merit is determined by the student’s current grade point average/cumulative average (GPA/CUM). Interested students should submit a request for assistance in writing to the chairperson of the Financial Assistance Committee.
Other Programs
Mountainside Hospital School of Nursing has been approved by the State Approving Agency for training of Veterans and their eligibles since 1960 (Contact your local Veteran’s Administration Office).
STUDENTS MAY RECEIVE AID FROM ONE OR ANY COMBINATION OF THE ABOVE PROGRAMS. HOWEVER, ALL ASSISTANCE AND AID TOGETHER CANNOT EXCEED THE STUDENT’S COST OF ATTENDANCE AS DOCUMENTED BY THE FINANCIAL AID OFFICER.
Refund and Repayment Procedure
A refund is defined as the difference between the amount paid toward school charges (including Financial Aid) and the amount the school can retain under the appropriate refund policy.
Financial Aid Recipients
Federal Refund: as defined under Federal Regulation 34CFR 668.22(d). A Return of Title IV Funds will be calculated for all financial aid recipients who are withdrawn before the end of the semester in which they received PELL and/or Direct Loans and/or Parent PLUS Loans. This process determines the portion of the Title IV Funds to be retained by the School and the portion to be refunded by the school to the student. The student, or in the case of the Parent PLUS Loan, the parent, may be responsible for returning unearned Title IV Funds.
Refund Distribution Policy
In the case of a refund, it is Mountainside Hospital School of Nursing’s policy to allocate refunds in this order:
Pell, Loan, PLUS, and student refunds will be made 30 days after the school’s determination of student withdrawal.
Non Financial Aid Recipients
If a student resigns within the first month of the semester, 50% of tuition only will be refunded. Thereafter, the School of Nursing will retain 100% of the tuition. Student fees are non-refundable.