UNDERGRADUATE CATALOG - Mercy College

22 / Tuition, Expenses, and Financial Assistance
Students that officially withdraw prior to attending sixty percent of the term are
subject to the prorated calculation. The percentage of aid retained will be applied to all
institutional charges. The Return of Funds calculation may result in a balance owed to
the College by the student. This balance is the full responsibility of the student.
Students that are determined to have unofficially withdrawn from the College during
the end of term grading processes will have the Return of Funds calculated as of the mid
point of the term as outlined by the DOE. This Return of Funds calculation may result
in a balance owed to the College by the student. This balance is the full responsibility
of the student.
Federal Pell Grant
Eligibility for the Federal Grant Program is determined by the FAFSA application and
current enrollment status in a degree-granting program. The value of the Federal Pell
Grant is $400 to $3,548 for the 2008-2009 Academic Year. A student must be registered
for a minimum of three credits and making SAP.
Federal Supplemental Educational Opportunity Grant:
SEOG Grant
Awards are made to Federal Pell Grant eligible students demonstrating exceptional need
(as defined by the DOE). Awards range from $200 to $4,000 per academic year. Limited
funds restrict the number and the value of the awards in a given academic year. A
student must be registered for a minimum of three credits and making SAP.
Federal Achievement Grant
Awards are made to freshman and sophomore Federal Pell Grant eligible students that
are U.S. Citizens and have completed a ‘rigorous’ high school academic program (as
defined by the DOE). Students must be registered full time and maintain a GPA of a 3.0
each semester. Freshmen are eligible for up to $750 in an academic year; Sophomores
are eligible for up to $1300 in an academic year.
Federal SMART Grant
Awards are made to Junior and Senior Federal Pell grant eligible students that are U.S.
Citizens and are matriculated in particular science, math and language courses (as
defined by the DOE). Students must be registered full time and maintain a GPAof 3.0
each semester. The award is valued at up to $4000 in a given academic year.
Federal Work Study Program
On-campus Federal Work Study positions are available at each campus. Additionally,
a small number of students may be eligible to work off campus at an approved notfor-profit
organization through the community service component of the Federal Work
Study Program. Students working in these positions generally work 12-20 hours per
week. To be eligible, the student must show financial need, per the FAFSA application
process. Students who have been approved for work-study as part of their aid award
may contact the Work Study program coordinator at (914) 674-7513 for more program
information.