Losing Eligibility

Most types of financial aid have eligibility requirements. It is important that you monitor your registration and academic progress as both have the potential to impact your financial aid! Listed below are some of the conditions that may impact your eligibility:

Change in Status

Some financial aid awards require you to maintain a specific enrollment status each term. If you are planning to change your status from full-time to part-time, or you decide to enroll for less than full-time for a single term, it is important you contact the Financial Services office to determine if your financial aid will be affected. You may lose some types of financial aid if you change your status or enroll for less than full-time.

Change of Program Level

Financial aid eligibility is specific to level of your program (undergraduate, graduate or professional). If you change from one level to another, your eligibility may change.

Not Maintaining Required GPA

All of the academic scholarships offered by Mount Carmel College of Nursing require you to maintain a specific cumulative Grade Point Average (GPA). If you do not meet the minimum GPA threshold at the time GPA’s are reviewed, you will forfeit your academic scholarship.

Satisfactory Academic Progress (SAP)

All students are required to maintain Satisfactory Academic Progress (SAP) in order to remain eligible to receive financial aid. The MCCN SAP Policy is published in the student handbook and is also available at the Financial Aid tab on CARMELink. You may also review the details of the policy at MCCN SAP Policy. Please review this policy to ensure you are meeting all the requirements.

Complete course drop or Withdrawal

If you drop or withdrawal from all courses before 60% of the term has been completed, MCCN is required to use the Department of Education's Return of Title IV Funding Calculation to determine if you are eligible to retain any of your financial aid for the term. For more information on this process, please see Return of Financial Aid Policy.

88%: freshmen retention rate