Jul 13, 2024  
Undergraduate Catalog-Handbook 2013-2014 
Undergraduate Catalog-Handbook 2013-2014 [ARCHIVED CATALOG]

Financial Information

Student Billing and Payment 

MCCN reserves the right to make changes in costs for an upcoming semester by publishing the new rates for tuition, general fees, and room at least three months in advance of the effective date. Changes in other fees, charges or policies may be made by announcement one month in advance of the effective date.

A student’s Course and Fee Statement (including approved or pending financial aid awards) is available via CARMELink (Student tab > Business Office and Account Information > Course and Fee Statement > click on “Generate my Course and Fee Statement” > click on “View my Course and Fee Statement).

Students receiving financial aid may deduct the amount of the aid from their semester tuition bill until monies are received if the financial aid has been approved. Students with unpaid balances by this date and with no approved payment plan will be considered to have withdrawn and enrollment may be canceled.

Consideration is given to each student’s financial circumstances. The College recognizes that financial crises do occur, and during extraordinary situations can make special financial arrangements for payment of tuition and fees. Students with financial questions should contact the Director of Business Affairs to discuss special arrangements.

Tuition Due Dates:  Payment of tuition and fees is due 7 calendar days prior to the start of each semester unless a payment plan has been pre-approved by the Business Office. The Balance Due Date is depicted on the student’s Course and Fee Statement for each semester.

College Payment Plan

A payment plan, administered through the Business Office, is available for any student. The payment plan allows the student or responsible party the convenience of distributing the tuition and fee expenses over a number of months. Tuition and fees for one semester or the entire academic year can be included in a payment plan. Pending financial aid is taken into consideration when calculating monthly payments.

Contact the Director of Business Affairs (614-234-2230) to schedule an appointment for questions about the College payment plan.

Payment Methods

Three payment methods are available:

  1. Check or money order payable to Mount Carmel College of Nursing (include on the check or money order the student’s name and student ID number). Mailing address:

Mount Carmel College of Nursing
Business Office
127 S. Davis Ave.
Columbus, OH 43222-1504

  1. Payment can be made in person at the MCCN Business Office, first floor of the Center for Learning and Education (Rm 104). Hours are 8:00 a.m. 4:00 p.m., Monday through Friday, excluding holidays. The office will accept check, money order, or cash payments. Credit card payments are accepted online only.
  2. Payment can be made by credit card, debit card or electronic check online through the student’s CARMELink account (Student tab > Business Office and Account Information > Pay Using CashNet > click on the “Go to CashNet” link). CashNet accepts American Express, Discover Card, and MasterCard; a merchant processing fee of 2.75% is assessed on every credit card payment. There is no processing fee for electronic check (ACH) payments.

Any student with an account balance due as of the first day of the semester will be placed on Business Office “hold” unless satisfactory payment arrangements have been made previously with the Business Office. Any student with a Business Office “hold” cannot register for classes or view final course grades via CARMELink. The “hold” is not removed until satisfactory arrangements are made with the Business Office. This may result in the student being closed out of a specific course or section. For Second Degree Accelerated Program students, this may result in the student being withdrawn from the program.

Satisfactory payment arrangements are defined as:

  1. Payment for balance received in full;
  2. Payment plan agreement signed and monthly payments received as agreed; or
  3. Financial aid approved by the Financial Aid Office but still pending.

Students who have additional questions or who would like to schedule an appointment should contact the Director of Business Affairs (614-234-2230, CLE 105,ksmith@mccn.edu).

Late Fees

At the time a student registers for classes the student agrees to assume financial responsibility for any charges and/or fees as posted to his/her student account. This financial obligation is legally binding whether the student accesses the electronic billing information on CARMELink or the account is being paid by the student or by another person.

A $150.00 late fee is charged to a student who fails to pay the projected account balance or who does not have a Business Office approved payment plan by the due date on the Course and Fee Statement (late fees are not applicable to Second Degree Accelerated Program students). To determine the projected account balance, deduct the approved financial aid for the semester from the account statement balance. Payments must be received by the Business Office by the due date indicated on the Course and Fee Statement in order to avoid the late fee. A postmark prior to the due date is not sufficient.

If an account must be sent to collection or litigation due to nonpayment of the outstanding balance, Mount Carmel reserves the right to recover all costs involved with the collection and/or litigation of delinquent accounts. Mount Carmel College of Nursing is a non-profit institution of higher learning. As such, student receivable accounts are considered to be educational loans offered for the sole purpose of financing an education and are not dischargeable in bankruptcy proceedings.

Institutional Refund Policy

Mount Carmel College of Nursing tuition and fees refunds for students receiving federal aid will be made according to federal guidelines. Refer to the Federal Refund Policy for the current policy.

  Semester Course     Term or SDAP Course*
100% refund: on or before 1st Friday   100% refund: on or before 1st Friday
50% refund: through 4th Friday   50% refund: through 2nd Friday
No refund: after 4th Friday   No refund: after 2nd Friday

*Refund from second term classes will be calculated beginning with the start date of the second term.

Students receiving federal and state aid will be subject to the Federal Refund Policy that refunds money to federal and state programs before any refund is made to the student. Institutional financial (Memorial Loan, Schell Loan, and other Mount Carmel loan programs; scholarships are excluded from this policy) will be subject to the federal refund calculation for students who withdraw, are dismissed, or take a Leave of Absence (LOA) prior to completing 60% of the semester term. Federal refund calculation includes prescribed methods of returning federal and state aid to those programs. Samples of refund calculations are available upon request from the Financial Aid Office.

Account Balances

Funds are credited to the student’s account as they are received from various sources. Once a student’s account has been credited with financial aid funds and shows a credit balance, the College will refund the credit amount to be used for other educational expenses. If the College receives traditional program student funds late Fall Semester after Spring Semester billing, the funds may be carried over to Spring Semester. If the College receives Second Degree Accelerated Program funds late Spring Semester after Fall billing, the funds may be carried over to Fall Semester.

Refunds may be deposited directly in a student’s bank account if the student enrolls in the electronic refund option in the CashNet portion of the Business Office and Account Information section of CARMELink. No federal funds will be carried over from one academic year to the next.

Refund Disbursement

Funds are credited to the student’s account as they are received from various sources. Once a student’s account has been credited with financial aid funds and shows a credit balance, the College will refund the credit amount to the student within two weeks – to be used for other educational expenses. If the College receives funds in late Fall Semester after Spring Semester billing, the funds may be carried over to Spring Semester. No federal funds will be carried over from one academic year to the next. Students may enroll in electronic refund deposits online through CARMELink. 

Resident Apartment Leases

Student resident apartments are available with 10-month or 12-month rental agreements. Current rates can be found here  . Apartment rentals are billed at the beginning of each semester as follows:

Fall Semester: (August 1—December 31); rent is due before August 31

Spring Semester: (January 1—May 31); rent is due before January 31

Summer Session: (June 1—July 31); rent is due before June 30

Payment plans are available and must be approved prior to the start of the semester or session.

Resident Apartment Refund Policy

The 10- or 12-month rental agreements are binding and non-refundable, with the following exceptions:

  • Student withdraws from the College
  • Student is dismissed from the College
  • Student is granted a Leave of Absence

Financial Aid Regulations

Financial Aid Deadlines

All financial aid (other than merit-based scholarships) is based on need, as determined by standard needs analysis. 

A traditional program student must file a Free Application for Federal Student Aid (FAFSA) to be considered for federal, state, local and/or institutional aid. In an effort to provide students with timely financial aid, MCCN has established the following deadlines:

  • FAFSA to be completed if the student will be attending Summer Session: April 15
  • FAFSA to be completed if the student will be attending Fall Semester: July 1
  • FAFSA to be completed if the student will be attending Spring Semester: November 15

Campus-based aid will be awarded on a first come basis depending on availability of funds. Applicants must be accepted before a financial aid package will be issued.

Prior to beginning the Second Degree Accelerated Program, the incoming student must complete all FAFSA documents and file them electronically no later than November 1. After this is done and the award letter has been prepared, the student must apply for Stafford Loans no later than December 15. After beginning the SDAP, the continuing student must have personal income tax forms completed and ready for filing along with the electronic renewal documents for FAFSA no later than June 1. The June 1 deadline will also apply to any request for continuation of Stafford Loans.

Campus-based aid will be awarded to late filers on a first come basis depending on availability of funds. Applicants must be accepted before a financial aid package will be issued.

Student Aid Report (SAR)

Filing the FAFSA will generate a Student Aid Report (SAR). The processor sends it to the student 6-8 weeks after filing. The College will access this information electronically if the student included the College code on the application. If MCCN was not listed, the student must update the FAFSA with MCCN’s school code (030719).

Award Letter

Once all requirements are met and the student’s file is complete, an offer of financial assistance will be made with a financial aid award letter sent to the student. Failure to return the signed award letter and completion of the entrance counseling and master promissory note within two weeks may result in delay or loss of financial aid.

Financial Aid Verification

As required by the U.S. Department of Education, students who are selected for verification may be asked to supply supplemental information (IRS tax return transcript and verification worksheet). To order a Return Account transcript, go to IRS.gov or call 1-800-908-9946. A student must complete the verification process before any financial aid will be processed. The College follows the federal guidelines for verification and collects the signed verification worksheet and IRS tax return transcript. If the student does not complete verification by the last date of attendance for the academic year, no financial aid will be processed. Mount Carmel College of Nursing may also select a student for verification even if not selected for verification by the U.S. Department of Education. All conflicting data must be resolved before any aid is administered.

Financial Aid - Satisfactory Academic Progress (SAP)

Definition: A student receiving federal Tile IV aid must make satisfactory academic progress (SAP) in order to maintain eligibility for financial assistance. To meet the standards of SAP, a student must meet or exceed minimum academic performance levels in both qualitative and quantitative standards each semester.

Grade Point Average - Qualitative Standards:

A student must maintain a minimum cumulative grade point average (GPA) according to the following:

  Class Level Minimum Cumulative GPA  
  Freshman 1.6  
  Sophomore 1.8  
  Junior 2.0  
  Senior 2.0  
Pace - Quantitative Standards:

A student must be progressively working towards completion of the degree, as measured by hours attempted vs. hours successfully completed, with successful completion of a minimum of 65% of hours attempted.

Maximum Time Allowed for Completing Program - Quantitative Standards:

A student must complete the degree in a reasonable amount of time, as outlined in the regulations. Under no circumstances may a student pursuing a first bachelor’s degree exceed 150% of the time normally required to complete a program. It is the expectation that all programs will be completed within 4 to 6 years.

A student who is exceeding the max-time-frame will be automatically withdrawn from federal aid and is required to submit an appeal.

A student who does not meet the SAP:
  1. A student who does not meet one or more of the SAP standards will be assigned a warning status for one semester. The student will maintain aid eligibility during this warning period.
  2. If by the end of the warning period (one semester) a student has failed to meet any of the qualitative or quantitative requirements, the status will be changed to withdrawn and no further federal aid will be disbursed.
  3. A student may appeal a withdrawn status if there were documented extenuating circumstances that prevented successful academic progression.
  4. If an appeal is approved, the student’s file will be updated (based on individual circumstances) to either probation for one semester or, in certain circumstances, an academic plan for three semesters. It is the discretion of the SAP Committee to determine which status will assist each student in their academic success.
Details regarding SAP status of warning, probation or academic plan:

Each semester a student is on warning, probation or academic plan status, the student is required to:

  1. Successfully complete all hours attempted in any course for which tuition charges are assessed, or successfully complete at least 12 attempted hours (if attempting more than 12 hours).
  2. Increase his/her cumulative GPA by the end of the probation period in order to maintain the required minimum cumulative GPA for his/her grade level.
  3. Meet all other SAP requirements or any other terms/conditions set by the institution, such as taking a reduced course load or enrolling in specific courses.
Regaining financial aid eligibility when the status is SAP withdrawn:

Regaining eligibility for Title IV aid may occur in one of the following ways:

  1. Submit an appeal - An appeal will only be approved based on documentable extenuating circumstances that affected the student’s ability to be successful. Extenuating circumstances, in general, were unknown, nonexistent, or unpredictable prior to the semester in which the student was withdrawn from Title IV aid (see “Standards of Academic Progress Appeal” below).
  2. A student without a legitimate appeal circumstance may pay all expenses out of pocket while attempting to regain federal financial aid eligibility. The student may submit a subsequent appeal when:
    1. The student has successfully completed any deficient hours and/or increased the cumulative GPA to the minimum requirement for his/her class level; or
    2. The student has completed at least one semester and satisfied SAP requirements.

Standards of Academic Progress (SAP) Appeal

A student withdrawn from federal financial aid due to Pace or GPA is able to appeal the withdrawn status due to extenuating circumstances. If withdrawn due to Max Timeframe, the student can appeal by requesting a review to determine the applicable credit hours that apply towards current degree requirements.

Process for a SAP Appeal:
  1. The student will receive notification via postal mail indicating withdrawn status from financial aid. The student is required to submit a completed SAP Appeal to Financial Aid in order to re-establish financial aid eligibility.
  2. The student may submit an appeal by email, fax, or mail to the MCCN Financial Aid Office.
Elements Required in Appeal:

A letter of explanation detailing:

  1. The nature of the difficulty that led to the inability to meet SAP.
  2. Statement indicating how the circumstances have been resolved and what measures will be/have been taken to ensure academic success.
  3. Third party documentation that verifies the nature of the difficulty that caused the student to have withdrawn status from financial aid (examples include: letter from physician/psychologist, police report, employer documentation, divorce decree, legal records, obituary, death certificate or funeral announcement).

Documentation that is not consistent with the applicable timeframe or is found to be fraudulent will not be considered.

In the case of 150% maximum timeframe appeal:

  1. The student must include a letter providing the Financial Aid Office permission to obtain a degree audit from the Academic Advisor or Office of Records and Registration.
  2. The statement must also include information as to why it has taken the student more than the allotted time to attain the degree.

Appeals / Use of Professional Judgment

If the student/family financial situation changes after filing the FAFSA, the student should contact the Director of Financial Aid regarding the situation. The student may file an Appeal Form. The College may be able to look at expected year income rather than prior year in cases where the family’s financial situation has changed significantly. A student may file an appeal at any time during the academic year. Once the appeal form and supporting documentation is received by the Financial Aid Office, the student can expect a decision within 4-6 weeks.

In all appeal cases the following guidelines will apply when using professional judgment to determine the outcome of an appeal:

  1. No appeal will be considered without adequate documentation of circumstances.
  2. All appeals are reviewed on a case-by-case basis.
  3. An appeal for independent status will only be considered in cases of documented parental estrangement or abuse, with adequate third party documentation. If the dependent student meets the criteria to be considered for “independent” status, the Financial Aid Office may consider the student’s actual expenses (with adequate documentation) and recalculate the student budget.
  4. All decisions regarding an appeal are final.

Needs Analysis and Packaging Policy

Mount Carmel College of Nursing uses a self-help concept of financial aid packaging. The student must complete both the FAFSA and the Mount Carmel College of Nursing Information Sheet.

A Cost of Attendance Budget is determined for several types of students; actual tuition and fees are calculated for each student.

  • Housing and personal budgets are established for students living at home with a parent or relative, living on campus in the apartments, and living off campus in an apartment or own home.
  • Transportation costs are determined for live-in students and commuters (living with parent or in own apartment).
  • The Financial Aid Office determines each student budget or total cost of attendance and subtracts the expected family contribution from the official student aid report to determine financial need.

Financial aid is packaged in the following order:

  • Pell Grant
  • FSEOG, if applicable and available
  • Ohio College Opportunity Grant
  • External and internal scholarships
  • Federal Stafford Subsidized and Unsubsidized Loan
  • PLUS Loans
  • External loans

If students have additional unmet need after the above, they are rank ordered according to highest remaining unmet need to be packaged for institutional aid.

No student can be packaged beyond unmet need. If receipt of additional outside financial aid later results in an over-award, the student’s institutional loans will be decreased or canceled first, then Stafford loan, and then scholarships and grants.

MCCN does not guarantee that it can meet the student’s total unmet need for financial aid. Generally, most students have remaining unmet need after being packaged with federal, state, and institutional aid.

The regular academic year is packaged using Fall Semester and Spring Semester enrollment. If a student chooses to attend Summer Session it is added as a “header” term to the upcoming academic year. A student may receive financial aid for the Summer, Fall and Spring. In this instance, aid will be packaged and disbursed in thirds. The financial aid office distributes the Financial Aid Information sheet that must be completed and returned prior prior to the upcoming academic year. The student should document on this form (or a written statement attached to this form) his/her desire to receive financial aid for three semesters.

Loan Counseling

Any student who receives loans from federal, state, or institutional sources is required to complete loan entrance counseling before the loan is disbursed and loan exit counseling when he/she leaves the College. The student must complete the loan entrance counseling session before the first disbursement of a Stafford Loan. If the student fails to complete the entrance session, the loan is canceled and returned to the Department of Education.

The loan entrance session provides the student with information regarding their rights and responsibilities as a borrower.

The loan exit counseling session provides the student with specific information about the loan indebtedness, as well as the student’s rights and responsibilities as a borrower. A student who does not complete the loan exit counseling will have his/her account placed on “hold” and no academic transcripts can be sent to other institutions until the counseling session is completed. If a student leaves MCCN without officially withdrawing, the directions for completing the online exit counseling will be mailed. Graduating students will have diplomas withheld until the loan exit counseling session provided by the Financial Aid Office is completed. Please allow two days for the Financial Aid Office to be notified of your completion of the online exit counseling.

The College is notified by the guaranty agency or loan servicer when a student is delinquent in loan re-payment. The College issues a form letter (provided by the guaranty agency or loan servicer) to the student, requesting that he/she contact the lender or the College.

Guaranty agencies and loan servicers request updated information on students regarding address, etc. The College provides to the guaranty agency or loan servicer any information on file regarding student’s last known address and employer. Providing this information is the responsibility of the Financial Aid Office.

Federal Refund Policy

According to federal law, the Financial Aid Office must recalculate Federal Title IV financial aid eligibility for students who withdraw from all classes, drop out, are dismissed, or take a leave of absence prior to completing more than 60% of a semester. Federal Title IV financial aid and all other aid are viewed as 100% earned after that point in time. Withdrawal date is defined as the actual date the student began the institution’s withdrawal process, the student’s last date of recorded attendance (if taken by an individual instructor), or the midpoint of the semester for a student who leaves without notifying the institution and/or receives failing grades for all classes in a given semester. The Federal Title IV programs covered under this policy include Federal Pell Grant, Federal SEOG, Federal Stafford Loans, and Federal PLUS Loan (Graduate Student or Parent).

The school and the student share the responsibility for returning Title IV aid. The school returns “unearned” Title IV funds that have been paid to the school to cover the student’s institutional charges received from Title IV grants and/or loan programs. If the student owes funds back to the Title IV programs, the institution will advise the student. The student has 45 days from the date of notification from the institution to take action on the overpayment. If the student’s portion of unearned Title IV funds included a federal grant, the student has to pay no more than 50% of the initial amount that the student is responsible for returning. Immediate repaying of the unearned loan amount is not required because the student repays the loan to the lender according to the terms or conditions in the promissory note. The institution will advise the lender of the student’s withdrawal within 30 days of determining the student withdrew.

No additional disbursements may be made to the student for the enrollment period. If the student does not repay the amount owed to the Title IV programs or does not make satisfactory payment arrangements with the U.S. Department of Education, MCCN will report to the National Student Loan Data System (NSLDS) that the student received an overpayment. The student loses eligibility for further Title IV aid until resolved.

Recalculation is based on the percent of earned aid using the following formula:

  • Percent earned = Number of calendar days completed up to and including the withdrawal date /  total calendar days in the quarter/semester.

Federal Title IV financial aid is returned to the federal government (reducing student loan debt) based on the percent of unearned aid using the following formula:

  • Aid to be returned = (100% - percent earned) x the amount of aid disbursed toward institutional charges.

Return of Funds

Federal Title IV financial aid is returned in the order mandated by the U.S. Department of Education. No program can receive a refund if the student did not receive aid from that program. Funds must be returned within 45 days after the date of withdrawal determination. Return of funds required by the student for unearned aid is returned (repaid) in accordance to the terms of the loan on the promissory note. The order is as follows:

  • Unsubsidized Direct Stafford Loans
  • Subsidized Direct Stafford Loans
  • Direct PLUS (Graduate Student or Parent) Loans
  • Pell Grant
  • SEOG

Post-Withdrawal Disbursements

If it is determined that a student is eligible for Federal Title IV financial aid funds that have not been disbursed, grant funds that the student is eligible for will be disbursed first. Federal aid that the student is eligible for will be credited to the student’s account for outstanding charges. If the student has no outstanding charges or if there is a balance due the student after disbursement, MCCN will notify the student of his/her eligibility for the loans. The student must respond within 14 days of the date of the letter as to whether they want all, part, or none of the loan(s). If the student fails to respond within 14 days, no loan disbursement will be made.

Before calculating the amount of financial aid that must be cancelled, the following is taken into consideration:

  • If a promissory note for a Stafford Loan has not been signed and submitted by the student prior to the withdrawal date, the loan(s) is automatically cancelled.
  • If an entrance loan interview has not been completed by the student prior to the withdrawal date, the Stafford Loan is automatically cancelled.
  • If the student is a first-time attendee of MCCN and withdraws during the first 14 days of the semester, the Stafford Loan is automatically cancelled.
  • Students who have not completed verification are not eligible for financial aid and are not included under this policy.

Federal and State Aid (Grants and Loans)

Federal and state grant and loan guidelines are set by federal and state agencies and are not subject to alteration by the Financial Aid Department. Any student who receives financial aid must notify the College Financial Aid Office of all financial assistance received including tuition reimbursement, hometown scholarships, etc. 

Pell Grant (formerly Basic Education Opportunity Grant)

This is a federal grant program based solely on need. These monies are distributed on a term basis and are used for tuition, fees, and educational expenses. The Pell Grant is not available to students with baccalaureate degrees. These monies are not repaid.

FSEOG - Federal Supplemental Educational Opportunity Grant

This is a federal grant program based on exceptional need. Students with lowest EFC and Pell recipients have first priority. Grants are awarded on a first come basis if funds are available.

Federal Stafford Loan (SL) / Direct Subsidized Loan

This is a loan program based on financial need and subsidized by the federal government. Repayment begins six months after graduation or upon termination of the program for other reasons. Interest is a variable rate. Maximum annual limits are $3,500 for the first year, $4,500 for the second year, and $5,500 for the third and fourth years. The maximum aggregate loan limit is $23,000 for dependent students and $46,000 for independent students. Loan proceeds can be electronically disbursed and applied to the student’s account. Excess money will be refunded to the student. Students are required to complete “entrance” and “exit” interviews when receiving loans.

Federal Stafford Loan / Direct Unsubsidized Loan

This loan program is not need based. Students without need may borrow the same amount as the subsidized Stafford. Independent students have higher loan limits. If desired, students may accept an additional $2,000 per academic year.

Plus Loan (PLUS)

This loan program is available to parents of eligible dependent undergraduate students. The loan can be used to pay the expected “family contribution” (FC) portion of the student’s educational expenses. Interest is determined by the Money Market, and repayment begins 60 days after the loan has been disbursed.

Nursing Student Loan (NSL)

The Nurse Training Act provides for federal loans to eligible nursing students. The loans are based on need and are available to half-time and full-time students. The annual limit is $4,000 with a 5% interest rate. Payments begin nine months after graduation or upon termination of the program for other reasons. Students are required to complete “entrance” and “exit” interviews. These loans are limited; please see the Financial Aid Director for details.

State Grants

State grants are based solely on need and students must apply using the FAFSA. There is an income cap on eligibility. Grants are not available to students who have a baccalaureate degree or are out-of-state residents. If approved, the award is sent directly to Mount Carmel College of Nursing for payment of tuition and fees only. This money cannot be used for any other educational expenses. This grant will be reduced if tuition and fees are less than the eligible amount.

State Loans - Nurse Education Assistance Loan Program (NEALP):

This program offers loans to nursing students in Ohio who have “exceptional need” based on the calculated “family contribution” from the FAFSA. Applications are available in the Financial Aid Office in March. Loans are limited to a maximum of $3,000 per year and may be renewed for three years. Application deadline is June 1 of each year. Up to 100% of the loan may be canceled if the graduate practices nursing in Ohio.

Campus-Based Aid (Grants and Loans)

College Grants

College Grants are available only to students with outstanding need after all above sources are considered. Eligibility is determined by the Financial Aid Office and based on current funding. Campus-based scholarships are processed and disbursed in the same format as federal and state aid. Scholarships are disbursed during the traditional academic year. Fall and Spring students must be enrolled to receive campus-based scholarship disbursements.

Charles E. Schell Foundation Loan Program

This interest free loan, based on financial need, is available to undergraduate students. The recipient must be under 25 years of age and a United States citizen whose parents were born in the U.S. and are also citizens of the U.S. Repayment begins ninety days after a student ceases enrollment. The loan is interest free, if payments are made on time, and must be paid in full within ten years. This loan is funded by the Charles E. Schell Foundation.

Abigail Graves Memorial Loan

This fund was established by the generosity of Abigail Graves, a graduate of Mount Carmel. This 3.5% interest rate loan is available to students based on financial need, and has a maximum amount of $2,000 per year. Repayment begins ninety days after enrollment ends and is repayable in five years.

Gaglani Loan Fund

Junior and senior nursing students are eligible. The student must have a minimum 3.00 GPA, possess high moral character, leadership potential, and demonstrate financial need. One $1,000 interest free loan is available annually, as funds are available.

Kelley Loan Fund

Junior and senior nursing students are eligible. One or two $1,000 interest free loans are available annually to students in good academic standing who have demonstrated financial need. Loans are given as funds are available.

College Work Program (need-based)

College work is offered to students as part of the financial aid package if students indicate an interest on the FAFSA. A small number of positions are available each year. An interview is required before acceptance into the program. Students may be terminated from this program during the year if hours are not worked or the supervisor determines work is unsatisfactory.

Campus-Based Scholarships

The number of scholarships and the amounts may vary from year to year. Scholarships are considered in calculating financial aid eligibility.

Presidential Scholarship

Scholarships are awarded to incoming freshmen with a minimum 3.50 GPA (on a 4.00 scale) and a 25 minimum ACT composite. Candidates must have demonstrated leadership qualities and be active in community service. The Scholarship will be applied to tuition and fees only at Mount Carmel College of Nursing. The scholarship is $1,500, renewable at the end of freshman year and $4,000 renewable at the end of sophomore and junior years, if the student maintains a minimum 3.40 cumulative GPA. No application is necessary.

College Scholarship Program

Scholarships of $2,000 each are awarded to selected high school seniors accepted for admission in the freshman college year. Applicants must have a minimum 3.40 GPA and 23 minimum ACT composite. No application is necessary, and the scholarship is renewable at $2,000 for sophomore and $3,000 each for junior and senior years at Mount Carmel if the student maintains a minimum 3.20 cumulative GPA.

Wilson Recruitment Scholarship

Scholarships are awarded to incoming freshmen students with a minimum 3.20 GPA (on a 4.00 scale) and a 22 minimum ACT composite score. No application is necessary. This is a one-time scholarship in the amount of $1,200 that will be applied directly to the student’s tuition.

Robert G. and Kathryn R. Schwemley Foundation Scholarship

Full-time sophomore, junior, and senior students who have earned a minimum 3.00 cumulative GPA and demonstrated financial need are eligible to apply for this scholarship. A number of $3,000 scholarships are available and are applied to tuition and fees at Mount Carmel.

Eleanor S. Wilson Academic Scholarship

Recipients must have completed one full year at Mount Carmel College of Nursing as a full-time student (12 credits/semester) and earned a minimum 3.70 cumulative GPA. No application is necessary. This scholarship will be applied to tuition and fees at Mount Carmel College of Nursing as follows: $1,000 sophomore year, $1,250 junior year, and $1,500 senior year. Recipients will be notified in writing of the scholarship award during the summer.

Mother Constantine Scholarship

Recipients must have completed one full year at Mount Carmel College of Nursing as a full-time student with a minimum 3.00 cumulative GPA and must be actively involved in community service activities.

Eleanor S. Wilson Senior Clinical Excellence Award

Clinical excellence is recognized for a student at the end of the junior year. This $1,000 award is applied to senior year tuition and fees. The student must have a minimum 3.00 cumulative GPA to be considered. The student chosen must excel in clinical nursing practice and will be selected by a faculty committee. No application is required.

National Student Nurses Association (NSNA) Scholarships and Loans

Each year the NSNA Foundation distributes nearly $100,000 to nursing students. Members of NSNA receive advance information on scholarships. Further information on these scholarships and loans is available in the SNAM office or Financial Aid Office. Deadlines are usually early (February).

Mount Carmel Alumni Association Senior Scholarships

Scholarships are awarded each year to senior students by the Mount Carmel College of Nursing Alumni Association. The number of awards and award amounts vary each year.

Outside Sources of Financial Aid

Private Loan

Mount Carmel College of Nursing has worked with variety of lenders (i.e. banks and credit unions) in providing loans to our students.  Students may contact one of the lenders on the lender’s list or another lender of their choosing.  Loans received cannot exceed the cost of attendance.

National Guard

The Ohio National Guard has a program of tuition assistance for any Ohio resident who enlists, re-enlists, or extends enlistment for six years. Students should contact the Ohio National Guard directly.


Mount Carmel College of Nursing participates in both the Air Force and Army ROTC programs offered at The Ohio State University. These programs offer qualified students the chance to compete for a variety of scholarships in addition to career opportunities for nurses.

Air Force ROTC offers two, three, and four year scholarships. The four year scholarship is applied for during the senior year in high school. The two and three year scholarships are offered to qualified men and women in college, regardless of major (in-College Scholarship Program, Foreign Language EXPRESS Scholarship, and EXPRESS Scholarship). The benefits provided by scholarships may include full payment of tuition, a book stipend, and a monthly tax-free allowance.

The first two years of enrollment (freshman/sophomore) is the General Military Course (GMC), which includes lessons on officership, communication, aerospace doctrine, and history of military aviation. There is no obligation to serve in the military for non-scholarship cadets for the first two years. The last two years (junior/senior) is the Professional Officer Course (POC) dealing with leadership, management, supervision, communication skills, and national defense policy. Air Force ROTC cadets also attend a two-hour leadership laboratory period each week and participate in two hours of physical fitness training. A cadet must enroll in the POC for two academic years to be eligible for a commission.

For more information, contact the AFROTC office at The Ohio State University at 614-292-5441, ext. 9508 or visit www.afrotc.com.

Army ROTC is a program of leadership and military skills training with the opportunity to serve as an officer in the active Army, Army Reserves, or Army National Guard following graduation. Classes and activities are offered through The Ohio State University. High school students are eligible for either a three or four year scholarship. College students may apply for two or three year scholarships covering tuition, most books and fees, plus a monthly stipend.

Army ROTC involves one course and leadership lab each term in the freshman and sophomore years covering introductory topics such as basic military skills, leadership, customs and traditions, military history, and map reading. Advanced courses in the junior and senior years cover land navigation techniques, unit tactics, justice, leadership theory, and officer preparation and development. A weekly leadership lab involves military skills training, marksmanship, rappelling, and leadership development. Introductory level courses require no military obligation. Once students accept a scholarship or enter advanced courses, they make a commitment to serve as an officer on active duty or reserve duty upon graduation.

For more information, contact the Army ROTC office at The Ohio State University at 614-292-6075 or visit www.ohio-state.edu/arotc.

Veterans Benefits

Mount Carmel College of Nursing is approved for the education of eligible veterans and spouses and dependents of eligible veterans, reservists, and National Guard personnel. Eligibility and educational benefits are determined by the Veterans Administration (VA). The amount of veteran financial assistance is determined by the number of enrolled credit hours. For information about veterans benefits, contact the Veterans Administration at 1-888-442-4551 or at www.gibill.va.gov.

Additional Scholarships

Other scholarships vary per academic year; applications are distributed by the Scholarship Committee Chair or the Financial Aid Office.