The College subscribes to the principle that financial aid programs exist primarily to provide financial assistance to students who, without such aid, would be unable to attend the college of their choice. The free Federal Application for Student Aid (FAFSA) is the preferred form used to evaluate need for all financial aid.
Application for Financial Aid
Students who wish to apply for financial aid should:
- Complete the admission procedure outlined in the chapter “Admission to the Undergraduate and Graduate Programs.”
- File a Financial Aid Form. The free Federal application (FAFSA) is the preferred form. No financial aid will be awarded until formal admission has been granted. The Title IV code for Research College of Nursing: 006392.
- Both dependent and independent students must file a FAFSA.
- Students can apply for all types of aid, including institutional, federal and state assistance by completing the FAFSA.
An undergraduate student who qualifies for financial aid typically receives any one or a combination of various types of aid--scholarship, grant, or loan. Financial aid awards are for one year only, so the student must reapply each year. The aid offered may vary from year to year due to changes in funding, statutory provisions, or student circumstances.
Undergraduate students completing a second degree and graduate students are eligible to participate in financial aid programs. The types of aid are limited due to federal regulations.
Students enrolled in the post-master certificate programs are NOT eligible for federal financial aid.
Hours Required to Receive Financial Aid
Undergraduate students: Students that are full-time (12+) credit hours are eligible for institutional aid, federal aid and outside sources. Students that are half-time (6-11) are only eligible for federal aid. Any student taking less than six hours is not eligible for Title IV aid.
Graduate students: Students must be enrolled in at least 4.5 (half-time) credit hours to be eligible for federal aid in a major semester (fall and spring). Students must be enrolled in at least 2 (half-time) credit hours in the summer to be eligible to receive federal aid. Any student enrolled in fewer hours will not be eligible for Title IV aid.
Scholarships and Grants
HCA Employee Discount
50% tuition discount for full-time employees, including weekend option; 25% tuition discount for part-time employees. There is no discount for employees that are PRN. Students must indicate on the registration paperwork your employment status, facility and ¾ ID number for verification.
HCA Midwest Division Scholarship/Loan Program.
This program offers a combination of scholarship and loan funding to BSN students. Students who receive the funding agree to a work commitment as a registered nurse following graduation from the College.
Students without a prior degree are eligible to receive all the following sources of financial aid. Students with a prior degree are limited to the Stafford, Perkins, Federal Nursing Loan and GRAD PLUS programs.
Federal Pell Grant.
This federal grant is administered by the Department of Education to undergraduate students demonstrating a high level of financial need. The amount of these grants varies and is determined by the Department of Education.
Federal Supplemental Education Opportunity Grants (FSEOG).
These federal grants are awarded through Research to students demonstrating a high financial need. The amount of these grants varies and awards are limited.
Bright Flight Scholarship.
Sponsored through the State of Missouri, this scholarship is awarded to Missouri residents who attend a Missouri college/university of their choice and have scored in the top 3% on either the ACT or SAT exam. The scholarship is automatically matched by R Research College of Nursing. The scholarship is renewable if the student maintains a 3.3 grade point average.
Federal Stafford Student Loan Programs.
These low interest loans are available to students who demonstrate financial need. Students may qualify for either a subsidized Stafford Loan (interest does not accrue until after graduation) or an unsubsidized Stafford Loan (interest begins accruing immediately). Interest rates on these loans are variable based on the 91-day Treasury Bill, but not higher than 8.25 percent (at time of printing). Loan amounts vary dependent upon year of enrollment in college, the level of demonstrated financial need, and previous loan history. Graduate and undergraduate students are eligible for these programs.
Federal Parent Loan for Undergraduate Students (PLUS), Grad PLUS
These loans are not based on demonstrated financial need. Parents may borrow up to the cost of attending college less any other financial assistance their son or daughter is receiving. Credit history is taken into account by the lender when determining eligibility for a PLUS Loan. Grad students may borrow up to the cost of attending college less any other financial assistance they are receiving. Credit history is taken into account by the lender when determining eligibility.
Federal Nursing Loan.
These federal loan funds are awarded to upper division nursing students based on demonstrated need. Repayment begins following a nine month; interest free grace period after a student ceases to be enrolled on at least a half-time basis (six (6) credit hours). Repayment is based on a simple interest rate (5 percent at time of printing) on the unpaid balance with up to ten years to repay the loan in full.
Further details on these programs may be obtained from the Financial Aid Office.
Reasonable Academic Progress for Continued Receipt of Financial Aid
Students receiving financial aid must make reasonable academic progress toward graduation according to federal and state regulations in order to receive financial aid.
Maximum Attempted Enrollment Credit Hours Time Frame
The maximum attempted enrollment credit hours a student may enroll for to complete their College program of study must not exceed 180 attempted enrollment credit hours for the completion of a 120-credit hour degree program. For students who transfer in the College, the 180 attempted enrollment credit hours maximum includes attempted credit hours at other colleges/universities attended, if transfer hours were accepted by the College. Note: For academic programs requiring less or more than 120 credit hours for degree completion, the maximum attempted enrollment credit hours for program completion is 150% of required credit hours for the program.
In order to maintain measurable progress toward the completion of their degrees, students must successfully complete 67 percent of all credit hours attempted. (Hours attempted include repeated courses, dropped courses, withdrawals, and incomplete courses).
Qualitative Requirement: Cumulative College Grad Point Average (GPA)
Students must also maintain a College GPA of 2.00 to demonstrate Satisfactory Academic Progress. The College cumulative 2.00 GPA requirement applies to all federal/state student aid programs and or certain College scholarship programs as detailed within each scholarship/award program. Certain College scholarship/award programs require a higher minimum College cumulative GPA that must be maintained to maintain renewal eligibility in addition to other program requirements. See each scholarship/award program description for the minimum renewal College cumulative GPA requirement, other requirements and maximum duration of award eligibility.
Changing Majors, Repeat and Remedial Coursework, Incompletes and Withdrawals, and Second Degree Coursework
Any non–credit coursework, repeat coursework or coursework for which a grade of incomplete or withdrawn is given counts toward both quantitative and qualitative measures for calculating SAP.
Failure to Attend
Following Federal Regulations, all students receiving any federal aid, must have proof of enrollment. If a student fails to attend or ceases to attend any class and does not withdraw from this class, then the student will be assigned a UW (Unofficial Withdrawal) and is counted in the GPA. The Registrar’s Office will be notified by instructor and will proceed to contact the student for verification and a written response (letter or email). The date of the UW will be the Last Date of Attendance reported by the instructor or, if no date can be verified, then the Last Date is Unknown will be listed. This date is extremely important regarding return of all or partial aid for the time in the course. Office of Financial Aid will be notified and aid will be verified.
- If the student receives a UW and faculty reports Last Date of Attendance, partial aid will be returned after verification by Office of Student Affairs.
- If the student receives a UW and the Last Date is Unknown, full aid will be returned after verification by Office of Financial Aid.
Monitoring Satisfactory Academic Progress
Each student’s progress will be reviewed at the end of the year to determine satisfactory academic progress. Students not meeting the standard for a particular term will be placed on financial aid warning, receive a one-semester financial aid award, and are notified in writing by the Financial Aid Office. Financial aid warnings consist of the summer term and the semester following placement of warning. Students have a one-semester grace period to make up academic deficiencies. Students on financial aid warning who fail to meet the standard by the end of the next semester will be placed on financial aid suspension until all academic requirements are met. No institutional, state or federal financial assistance eligibility can be certified until academic deficiencies are satisfied.
Once financial aid eligibility has been terminated due to lack of satisfactory academic progress, the student must make up all deficiencies in cumulative grades and/or credit hours earned for his or her academic level before financial aid eligibility will be reinstated. Only RCoN courses can be used to make up deficiencies in cumulative grade point average, but courses that are pre-approved for transfer credit can make up deficiencies in hours.
Students may appeal the withdrawal of financial aid to the Office of Financial Aid. This written appeal must be submitted no more than one week after being informed of the withdrawal of financial aid and should explain any mitigating circumstances which apply to the particular situation. The Office of Financial Aid reviews the appeal and responds to the student within two weeks from receipt of the appeal.
Entrance and Exit Interviews
As required by federal regulations, the College requires that both entrance and exit interviews are completed by students receiving financial aid in the form of loans. Students can complete these interviews at www.studentloans.gov. Students are informed of all relevant information regarding their loans such as interest rates, amount of indebtedness, length of repayment period and the amount of expected monthly payment.
Federal regulations require the College to maintain signed documentation of the interviews. The Financial Aid Office will provide documents to sign for verification of these interviews.
Maintenance of Financial Aid Records
The College maintains all individual financial aid records in accordance with applicable Federal laws.