| 1. |
You must be admitted to a program of the Frontier School of
Midwifery and Family Nursing as a degree or certificate candidate. |
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| 2. |
You must reapply for financial assistance each year such assistance is
requested. Renewal of financial assistance is not automatic. You must go online
(www.fafsa.ed.gov) to fill out
your FAFSA application. Financial Aid will not be disbursed until the
financial aid office receives all information requested. This
includes a completed FAFSA report (ISIR), any missing documentation, and any
verification issues that need to be resolved and a signed award letter. You
will also need to complete the Program Declaration form (accessed on the Banyan
Tree). If you wish to borrow any loan money you will need to complete the
Master Promissory Note and Entrance Interview at
www.kheaa.com. |
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| 3. |
Financial Aid Verification Process -- The U.S. Department of Education requires
that a certain percentage of FAFSA filers be selected for verification. These
students are selected by the Central Processing System or the FSMFN. If a
student is selected for verification there are certain financial documents that
must be provided to the Financial Aid Office for verification: a completed and
signed U.S. Tax Return, W2’s and a verification worksheet. Required
verification items are: Household size, Number in College, Adjusted Gross
Income (AGI), U.S. taxes paid, and certain types of untaxed income and
benefits. For an explanation of the U.S. Department Verification policy, please
contact the Financial Aid Officer. |
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| 4. |
Your award is based upon the information you provided on your application for
financial assistance. You are required to notify the school of any change in
this information. You are also required to notify the financial aid office of
any additional sources of financial assistance (scholarships, grants, loans,
V.A. educational benefits, etc.) which become available to you and are not
listed on your award letter. Frontier School of Midwifery and Family Nursing
reserves the right to adjust your award if such additional assistance exceeds
the amount of financial assistance you are eligible to receive. Frontier School
of Midwifery and Family Nursing also reserves the right to adjust your award if
changes in the information included in your application for financial aid
alters your calculated financial need. |
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| 5. |
If you are receiving financial aid and find it necessary to withdraw from the
program, you must notify the Registrar and your advisor of your intent to
withdraw. Student aid recipients who withdraw from the program may be refunded
a portion of their tuition. Refunds are processed based upon the student's
effective withdrawal date in relation to the most recent term of enrollment for
which the student has paid. The FSMFN must return all or a portion of your
financial aid funds to the sources from which they originated, depending on the
date of withdrawal. The Financial Aid Office will notify you of the amount (if
any) that will be refunded to the originating source. All Title IV refunds are
made according to the federal Department of Education regulations. Your lender
will send you a coupon booklet and outstanding balance due prior to the 6
months before your first payment should begin, starting with either your
withdrawal or graduation date. |
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| 6. |
In order to continue receiving financial aid each term you must meet the
criteria for Satisfactory Academic Progress, which can be found in the FSMFN
Catalog. |
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| 7. |
Please notify the Financial Aid Office at FSMFN, 170 Prosperous Place,
Lexington, KY 40509 of any change in name, address, or anticipated graduation
date. If you have any questions please call or e-mail. |
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| 8. |
LOAN DISBURSEMENTS: Financial aid checks are disbursed from
the guarantee agency around the same time your tuition is due (every 12 weeks).
If you have met the required credit hours for you disbursement, you will
receive your tuition payment and your refund check in a timely manner. Loan
checks will be disbursed every 3 months (four times a year) while you are
enrolled as an FSMFN student for up to three years. Please review your award
letter to keep track of your disbursement dates and amounts. |
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| 9. |
At any time, if a student fails to complete the required number of credit hours
by the scheduled disbursement date, the portion of the loan that has not been
disbursed will be cancelled. The student must contact the financial aid officer
to re-apply for the cancelled portion of the loan upon completion of the
required number of credit hours. Please see the Catalog for more detailed
information regarding Financial Aid Policies and maintaining satisfactory
progress. Your loan cannot be certified after your graduation date. |
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| 10. |
Transfer between Full-Time and Part-time Options – Students
have the opportunity to transfer between full-time and part-time once during
their program. See the FSMFN catalog for the policy and procedure for these
transfers. If you transfer between full-time and parttime options, your
financial aid package may have to be recalculated and your subsidized Stafford
loan may be adjusted. |