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Undergraduate Catalog 2012-2014 - Immaculata University

Undergraduate Catalog 2012-2014 - Immaculata University

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progress toward degree requirements. Students in certain certificateor diploma programs may also be eligible for consideration.Generally, <strong>University</strong>-administered aid is awarded to full-timestudents.Students must register for a minimum of 12 credits per termto be considered full-time as an undergraduate, and 9 credits as agraduate.Part-time students (fewer credits than full-time status) may beeligible for a Direct Stafford Loan or a Direct PLUS (Federal ParentLoan for <strong>Undergraduate</strong> Students), but they must also maintainsatisfactory academic progress.Financial Assistance Policy<strong>Immaculata</strong> assists academically capable and qualifiedstudents who might otherwise be unable to obtain an educationat <strong>Immaculata</strong>. The Office of Financial Aid provides aid to allstudents with documented financial need without regard to race,color, creed, gender, handicap, and national or ethnic origin. Allstudents are encouraged to apply for admission regardless offinancial need. All admission decisions are made without respect tothe applicant’s financial need.<strong>Immaculata</strong> expects parents and students to contribute towardthe cost of the student’s education. To the extent that funds areavailable, a student’s financial aid package will contain both gift(grants and scholarships) and self-help (employment and loans)forms of assistance.Applicants for financial aid must meet federal criteria of U.S.citizenship or be eligible non-citizens to receive need-based aid. Toqualified students, <strong>Immaculata</strong> offers financial aid in the form ofscholarships, loans, grants, and campus employment on the basisof the applicant’s academic promise and financial need, and withinthe limits of the funds available. About 85% of the students in theCollege of <strong>Undergraduate</strong> Studies receive some form of financialassistance.The Office of Financial Aid acts on the applications of enteringstudents only after a candidate has been accepted for admission.Applications from veterans should indicate the extent of eligibilityfor Veterans’ Benefits.APPLICATION PROCEDURESFinancial assistance is awarded for one year only and renewalis not automatic. All forms of financial aid must be reapplied forannually. In addition to complying with renewal criteria for thedifferent aid programs described in the following sections, studentswho wish to be considered for financial aid must submit all requiredapplications by the filing deadline of April 15th of each year.Filing Requirements for First-time studentsAll incoming first-time students are encouraged to completethe Free Application for Federal Student Aid (FAFSA) by thepriority filing deadline of February 15. The FAFSA is available viathe internet at http://www.fafsa.gov or by calling 1-800-433-3243.<strong>Immaculata</strong>’s Department of Education Code for filing the FAFSAis 003276. Students who wish to borrow a Direct Stafford Loanmust complete a loan entrance interview online and complete andsign a Master Promissory Note either online or by mail.Renewal Application Procedures for Continuing StudentsContinuing students must apply for financial aid eachyear. Renewal FAFSAs are available online after January 1st ofeach year at http://www.fafsa.gov. Continuing students must file allrequired applications by April 15. We highly recommend filing onthe internet at www.fafsa.gov.Financial Assistance Application Procedures for TransferStudentsTransfer students must follow the same application proceduresas all other financial aid applicants by submitting the FAFSA.Official academic transcripts are required for measuring thesatisfactory academic progress of PHEAA State Grant recipients aswell as determining grade level for loan eligibility.IMMACULATA SCHOLARSHIPS AND GRANTSThe College of <strong>Undergraduate</strong> Studies<strong>Immaculata</strong> awards a variety of scholarships and grants each yearto entering full-time freshmen and transfers in the College of<strong>Undergraduate</strong> Studies. The student• must enroll full-time and pay comprehensive tuition;• cannot receive institutional aid that exceeds the costof comprehensive tuition;• must report any aid received from outside sources (i.e. privatescholarships, tuition remission, etc.) as these awards mayimpact the student’s eligibility and/or institutional fundingamounts.Interested applicants should contact the Office of<strong>Undergraduate</strong> Admission to determine the exact criteria forscholarships and grants.Students applying for <strong>Immaculata</strong> scholarships/grants are requiredto complete the Free Application for Federal Student Aid (FAFSA)by the priority deadline of February 15.Scholarships and Grants<strong>Immaculata</strong> <strong>University</strong> Scholarships: Varying amounts awarded tofull-time undergraduate students based on academic success, rangefrom $5,000 to full tuition per year.Phi Theta Kappa Scholarships: awarded to Community Collegetransfer students who are members of the Phi Theta Kappa HonorSociety; award adds $1000 additional scholarship to TransferScholarships.IU Opportunity Grants: awarded to all full-time undergraduatestudents who complete the FAFSA and show need. Amounts vary.IHM Liaison Grants: awarded to freshman students whohave been referred by a designated IHM liaison; awards up to$1000.Hugh O’Brian Youth Foundation Scholarship: awarded to anaccepted applicant who participated in the Pennsylvania HOBYLeadership Program.IU Alumni Endorsement Grant: awarded to new incoming fulltimeundergraduate students based on submitting a signed AlumniEndorsement Form by March 1.Modifications may be made to the <strong>Immaculata</strong>’s scholarship/grant program as part of an on-going process of review.Requirements to Renew Scholarships and GrantsAll recipients of <strong>Immaculata</strong> <strong>University</strong> Scholarships mustmaintain a 3.00 cumulative Grade Point Average (CGPA) on a4.00 scale. All recipients of <strong>Immaculata</strong> <strong>University</strong> Grants and<strong>Immaculata</strong> <strong>University</strong> Opportunity Grants must maintain a2.00 cumulative Grade Point Average (CGPA) on a 4.00 scale.Academic review for renewal of awards will take place at the end offirst year and then after each semester for second, third and fourthyears.Lost awards may be restored for the semester following theattainment of the required cumulative grade point average.Funded Academic AwardsThrough special funding, <strong>Immaculata</strong> annually awards a numberof scholarships to students who meet the specific qualificationsand have submitted the Free Application for Federal Student Aid21

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