Like scholarship money, grant money does not have to be repaid. From your FAFSA, the financial aid office will determine your eligibility to receive federal grants.
Amounts range up to $5730. A student’s Expected Family Contribution (EFC) as determined by the FAFSA for 2014-15 must be 5,157 or below to receive a Pell Grant.
Federal Supplemental Educational Opportunity Grant
Preference is given to those students with the highest financial need as determine by the college and the FAFSA. Students must be Pell Grant eligible in order to receive this grant. Awards are $1000 and dependent on funding levels.
Federal Direct Student Loans
Student loans are funds that have to be paid back by the borrower. The student is responsible for repayment of the loan. Students must register for a minimum of 6 credit hours (half-time) per semester to be eligible for student loans. Repayment of student loans will begin after a six (6) month grace period when the student ceases to be enrolled at least half-time, withdraws or graduates from the College. Eligibility for student loans can be in the form of subsidized and unsubsidized loans.
Subsidized Loans are for students with demonstrated financial need, as determined by federal regulations. No interest is charged while you are in school at least half-time, during your grace period and during deferment periods.
Unsubsidized Loans are not based on financial need and interest is charged during all periods. Students have the option of paying the interest while in school or have the interest capitalized. Capitalized interest will be added on to the principal amount when the loan goes into repayment.
Federal Direct PLUS Loans
Direct PLUS Loans are low-interest loans available to parents of dependent students. Interest is charged during all periods.
We encourage all students and parents receiving loans at the College to explore more information on the Federal Direct Loan programs including entrance and exit counseling, repayment calculators, and your rights and responsibilities regarding loans at www.studentloans.gov. Students inquiring about your total loan history and contact information please visit the website www.nslds.ed.gov.
Note: The Christ College of Nursing and Health Sciences is not a lender or loan holder of federal student loans and any repayment information will be sent to the student by the loan agency that will service your loan during repayment.
State of Ohio Aid
The Nurse Education Assistance Loan Program
About the Program
The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990. The purpose of NEALP is to assist the state in meeting nursing shortages by providing financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in approved Ohio pre-licensure nurse education program who intend to serve as nurses after graduation. The annual award for the most recent academic year was $1,500/year. In exchange, to qualify for loan cancellation, recipients must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five (5) years after graduation.
Applicants will be awarded NEALP funding based on information received from the applicant’s institution, FAFSA data, and information from the NEALP application. Applicants are ranked based on FAFSA data, those that demonstrate the highest level of need are awarded first. Awarding continues from the next neediest student until funds are depleted for the year. If sufficient funds are available, as determined by the Ohio Board of Regents, loan assistance will be awarded to all eligible applicants.
Be an Ohio resident.
Be a U.S. citizen or a permanent resident.
Be enrolled in or be accepted for enrollment in approved nurse education programs in Ohio colleges, universities, hospitals, or vocational schools.
Not be in default or owe a refund to any Federal Financial Aid program.
Maintain an academic record which places the student in good academic standings within the institution
Students may apply after January 1st and before July 15th of each year. Notification of acceptance or denial for NEALP funding will be sent by the first week in September.
Ohio College Opportunity Grant (OCOG)
Who is Eligible?
The Ohio College Opportunity Grant Program (OCOG) provides need-based tuition assistance to Ohio residents is an associate’s or bachelor’s degree or nursing diploma program attending an eligible institution. Eligible students must have an Expected Family Contribution (EFC) of 2190 or less with a maximum household income of $75,000.
How do I apply?
Students apply for OCOG benefits by completing the Free Application for Federal Student Aid [FAFSA](https://fafsa.ed.gov/).
The application deadline is October 1st of each year.