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Tuition/Financial Aid

Financial Aid Policy

The objective of the student financial aid program at Covenant School of Nursing & Allied Health (CSON) is to provide assistance to students who, without such assistance, would not be able to pursue higher education. Financial assistance at CSON includes Federal Pell Grant, Federal Supplemental Educational Grant (FSEOG), William D. Ford Federal Direct Loan (subsidized and unsubsidized), William D. Ford Federal Direct Loan for Parents (PLUS) for dependent students, and limited scholarships. Assistance is awarded on the basis of documented financial need to eligible students who are making satisfactory academic progress toward a diploma. Need is defined as the difference between the anticipated Cost of Attendance (COA) at CSON and the Estimated Family Contribution decided by the Free Application for Federal Student Aid (FAFSA). No student or prospective student shall be excluded from participation in or denied the benefits of any financial aid program at CSON on the grounds of race, color, national origin, religion, or sex. Awards from financial aid programs funded by the federal government are administered according to the laws and guidelines governing those programs.

Financial Aid Application

Students seeking financial aid must apply for financial assistance each academic year by submitting the Free Application for Federal Student Aid (FAFSA) appropriate for that academic school year to the Financial Aid Office (FAO). The first year of enrollment, students must submit the Student Data Form and completion certificate of the Entrance Counseling if applying for loans.

William D. Ford Federal Direct Student Loan Program Master Promissory Note (MPN) – The FAO automatically packages student loans; however, students who wish to receive a Federal Direct Student Loan must complete entrance loan counseling and the MPN process that is available at http://www.studentloans.gov their first semester at CSON. They will then need to accept or reduce their awarded loan amounts on their CSON Award Letter. Students who wish to receive a Federal PLUS loan, must submit a PLUS request online at http://www.studentloans.gov.

Priority Deadline

The priority deadline is important. In order for the CSON Financial Aid Office to complete the processing of your financial aid request by the first class day, all required application forms and other requested student and/or parent documentation must be accurately completed and received by the Financial Aid Office on, or before the priority deadline date posted on our website: www.cson.covenanthealth.org. Applications received after the priority deadline may result in students having to be prepared to meet initial costs (i.e., tuition, living expenses) from their own resources until their financial aid application has been processed.

Entrance Counseling

Borrowers must complete entrance loan counseling prior to the first disbursement of their loan. Entrance counseling is completed at the beginning of the student's career at CSON and is good through the completion of the program. Rights and responsibilities are addressed. Students will be directed to complete this federal requirement at www.studentloans.gov.

Loan Application

To receive a Direct Student Loan, a student must complete an annual basis called Free Application for Federal Student Aid (FAFSA), the Student Data Form, complete Entrance Counseling and the Master Promissory Note (at the beginning of their career at CSON) available at www.studentloans.gov, and any additional paperwork requested by the FAO. Students must accept and/or reduce their loans via the on-line access feature that is available thru CSON Empower Webpage (https://covn.empower-xl.com). Loans will not be awarded until the student has completed all necessary paperwork in the FAO.

Satisfactory Academic Progress

Federal regulations require that students maintain reasonable academic progress and good standing in order to be eligible for financial aid. Initially all eligible students enrolling at COVENANT SCHOOL OF NURSING AND ALLIED HEALTH for the first time will be awarded financial aid for the first payment period. All recipients must meet the conditions stated below in order to be eligible to continue receiving financial assistance.

Financial aid recipients are required to be in good standing and passing all components of the program with at least a 75 GPA (R.N.), 82 GPA (Radiology), and 75 GPA (Surgical Tech) at the time financial aid is disbursed. Each student's status will be monitored at the time of disbursement as well as at the end of each semester to ensure compliance with the SAP policy.

Students who do not achieve a grade point average of 75 (R.N.), 82 (Radiology), and 75 (Surgical Tech) as stated above are on financial aid probation until the end of a 30-day period, or upon successful completion of the course or rotation in which the probation occurred. Financial Aid awards for students who are on financial aid probation are retroactive for the probationary period if a passing grade {75 GPA R.N., 80 GPA Radiology, 75 GPA Surgical Tech) is achieved by the end of the course in all coursework which has not been previously attempted. All students who are repeating coursework will be placed on financial aid suspension while repeating that coursework and financial aid awards are not retroactive for those periods in which coursework is successfully repeated. Financial aid eligibility will be reinstated for the semester following the successful completion of a semester in which coursework was repeated.

Students are expected to complete their program within 150% of the normal time required of any graduate. In other words, since it takes two years to complete a COVENANT SCHOOL OF NURSING AND ALLIED HEALTH programs {nursing, radiology, or surgi-tech), students must complete all coursework within 1-3 years.

At COVENANT SCHOOL OF NURSING AND ALLIED HEALTH, the concept of "good standing" includes the student's attendance, personal appearance, and behavior. Students who are absent more than 10% of the scheduled clock hours and who do not follow the policies stated in the School Policy Catalog will not be considered to be in good standing and making progress toward his/her diploma. A student whose actions do not demonstrate willingness to comply with the stated policies may be placed on financial aid probation or suspension. Financial aid probation or suspension will be removed after the student's standing is reevaluated and it is determined that the student has demonstrated compliance with the stated policies. If it is determined at that time that the student is still not in compliance with the stated policies, financial aid will be suspended until the situation is resolved.

Students who are denied financial aid based on failure to meet COVENANT SCHOOL OF NURSING AND ALLIED HEALTH's reasonable academic progress and good standing policy may appeal in writing to the Financial Aid Office for consideration. Appeals may be made for mitigating circumstances such as a hardship based on the death of a student's relative, personal injury, illness of the student, or special circumstances as determined by COVENANT SCHOOL OF NURSING AND ALLIED HEALTH. Documentation (i.e., death certificate, medical reports, police reports, instructor recommendations, etc.) will be required and must be attached at the time the appeal is submitted.

Financial Aid / Scholarships

Financial assistance offered through the School of Nursing is in various forms of grants, loans, tuition assistance, and scholarships. Awards to eligible students are based on documented financial need and other qualifications required by the donors of the scholarship funds. The school participates in the following Title IV federal assistance programs: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), William D. Ford Federal Direct Loan (subsidized and unsubsidized), and for dependent Undergraduate Students William D. Ford Federal Direct Loan for Parents (PLUS). Qualifications for each program may differ slightly, but the general requirements for financial assistance at the school are that the student must be in good academic standing, making satisfactory progress toward his/her diploma, (the Satisfactory Academic Progress Policy is posted on the Financial Aid bulletin board) be registered with Selective Service (if required), not owe a refund on a Federal grant or be in default on a Federal Educational Loan received for attendance at any institution, be a citizen or eligible noncitizen, and have financial need. To apply for financial aid, request application forms from the School of Nursing Financial Aid Office and complete the FAFSA via the web at www.fafsa.gov.

Financial Aid Disbursement

A financial aid academic year at CSON is based on clock hours rather than semester hours. A clock-hour academic year at the School of Nursing is defined as 900 clock hours of instruction and is divided into two clock-hour payment periods. Students must successfully complete all clock-hours in each payment period before receiving assistance for the next payment period. Excessive absences may delay or cause financial aid payments to be cancelled. Federal financial aid will be automatically deposited into the Student's account. After tuition and fees are taken out of funds, a refund will be disbursed in the form of a check, payable to the student. Checks will be released to the student once the Business Office has them in hand.

Return of Student Financial Aid (SFA) Program Funds

All students who withdraw from school must contact the Financial Aid Office for clearance at the time of withdrawal. For students who receive SFA program funds the law dictates a specific pro-rata formula to determine the dollar amount of the SFA program assistance the student earned for that payment period at the point of withdrawal. When you (or CSON on your behalf) receive more assistance than you earned, the excess funds must be returned. The student MUST PAY ANY TUITION BALANCE CREATED because CSON is required to return all or a portion of the student's unearned SFA program funds. The law states that STUDENTS MUST ATTEND 60.01% (NOT INCLUDING ABSENCES) OF THE PAYMENT PERIOD BEFORE THEY HAVE EARNED 100% OF THEIR SFA PROGRAM ASSISTANCE. All unearned SFA program funds will be distributed as prescribed by the law. Students will have 45 days to repay or make satisfactory repayment arrangements with the Business Office Coordinator to repay the portion of financial assistance that they are responsible for repaying. Specific examples of the applicable refund policy are available in the Financial Aid Office.

Reviewed and Revised 4/2012

Requirements for VA Educational Benefits

Requesting VA Benefits while at Covenant School of Nursing:

Submit the following information during the admission process to the Business Coordinator regarding your Veteran's Education Benefits.

  1. DD214 (member 4)
  2. Military Transcripts
  3. Educational entitlement printout from eBenefits http://www.ebenefits.va.gov/

Here are the websites to obtain your military transcripts:

Army (AARTS transcript): http://aarts.army.mil

Navy & Marine Corps (SMART Transcript): https://smart.navy.mil/smart/welcome.do

Air Force (CCAF Transcript): http://au.af.mil/au/ccaf/transcripts.asp

Coast Guard (CGI Transcript): http://www.uscg.mil/hg/cgi (Transcripts requested can be found under LINKS)

The Ace Military Guide (Guide to Evaluation of Education Experiences in the Armed Services) is on the web at www.militaryguides.acenet.edu.

For any questions regarding VA benefits accepted at Covenant School of Nursing please contact the Business Office Coordinator at 806-725-8901.

Payment Options

Tuition and fees are due, and must be paid, at the beginning of the applicable enrollment period. Students who are not eligible for financial assistance (Federal, WIA, TRC) and who are unable to meet the tuition and fee charges must use the payment schedule located on their Tuition and Fees Schedule and/or Promissory Note.

**ALL NEW STUDENTS ARE REQUIRED TO PAY AN INITIAL PAYMENT OF 1/3 OF THE TUITION FOR THE INITIAL SEMESTER PLUS APPLICABLE FEE'S BY THE DATE INDICATED ON THE TUITION AND FEES SCHEDULE, EXCEPT THOSE RECEIVING FINANCIAL AID CHECKS BY THE FIRST WEEK OF SCHOOL.

Tuition and fees for all students using the payment schedule are due on the date designated in their Tuition and Fees Schedule and /or Promissory Note. If the initial tuition/fee payment is not received by the 15th day of class, the student is subject to dismissal.

All financial aid will be posted to the student's account and a refund check will requested for any overage. Students that did not meet the financial aid deadline will be required to make the initial tuition/fee payment by the 15th day of class and will be required to follow the remaining tuition/fee payment schedule until financial aid is posted. If the tuition /fee payment is not received by the 15th day of class, the student is subject to dismissal.

Payment should be made in the Business Office at Covenant School of Nursing. In the event of nonpayment of debts owed to CSON, one or more of the following actions may be taken:

  • involuntary withdrawal of the student
  • withholding the diploma to which the student would otherwise be entitled
  • withholding the student's transcript

Along with Visa, Master Card, Discover, or American Express, personal checks, debit cards, money orders, and cashier's checks are accepted in payment of tuition. Any such check that is returned unpaid by the bank on which it is drawn will be viewed by CSON as nonpayment of debts owed to CSON. Any student notified of a returned check must remedy the situation within 10 business days.

All tuition and fees must be paid in full before students will be allowed to advance to the next semester, and all applicable tuition and fees for the senior year must be paid in full before graduation.

Tuition/Nonrefundable fees

The following Tuition and Nonrefundable fees are subject to change without notice:

Tuition at Covenant School of Nursing is $2,507.00 per semester for a total of $10, 028 for the entire 2 year program. The following is a listing of the fees associated with our program. The following fee's are not all due in the first semester. For a sample tuition and fee schedule please click here.

DESCRIPTION OF FEES AND MISCELLANEOUS EXPENSES

Technology Fee

$60.00 to be paid in the first semester for computer lab supplies and copier supplies.

ATI Materials Fee

Approximately $588.00 to be paid throughout the program – subject to change. ATI is a licensing exam preparation program.

Graduation Fee

$50.00 to defray the fixed cost of graduation.

FBI Fingerprinting

$44.20 paid to L-1 Identity Solutions for an FBI background check

TBON Application Fee

$139.00 - Texas Board of Nursing Examiners application to test paid 3 months prior to graduation.

NCLEX

$200.00 – NCLEX application fee to take boards paid to Pearson/Vu. 1 month prior to graduation.

Books and Uniforms

The student will be required to purchase the approved books and approved uniforms at their own expense. (Approximately $1,500.00 paid over the four semesters.)

Uniform Accessories

Cost of watch, shoes, stethoscope, etc. is determined by personal selection but must meet CSON dress code.

Computer/Printer

Required for course work..

Transcript Fees

Official transcripts are $3.00 each; Unofficial transcripts are $2.00 each. Students may request transcripts from the Business Office. Academic transcripts furnished from other institutions are part of the student's permanent file and copies will not be made available by CSON.

ID Badge Replacement

A $10.00 replacement charge will be required for a lost or stolen badge.

Student Refund Policy:

Students who officially withdraw voluntarily or at CSON's request must complete the official withdrawal procedure. Students may be eligible to receive a refund of tuition. CSON retains 5% of the applicable tuition for an administrative fee or $100.00. The amount of any refund depends upon when the student withdraws; however, students are required to pay a percentage of the total bill for the period of enrollment. The amount of refund due a student will be the amount paid in excess of the percentage amount due. If the student has paid less than the percentage due, the student will be required to pay CSON the balance of that amount. Past due balances will be referred to credit bureaus. Unpaid account balances are subject to collection costs and attorney fees at student's expense.

CSON Refund Schedule

Student withdraws after completing:

Refund Due:

CSON Retains

Prior to first class day

100%

None

Up to 10%

80%

20%

11 to 15%

70%

30%

16 to 20%

50%

50%

21 to 25%

25%

75%

26%

None

100%

Financial Aid Student Rights and Responsibilities

Student Rights and Responsibilities/You Have the Right to Know:

What financial aid programs are available

The deadline for submitting applications for each of the programs.

How financial aid will be disbursed.

How your financial aid was determined.

What resources were considered in the calculation of your financial need

How much of your financial need has been met.

The details of the various programs in your student aid package.

The School of Nursing's refund policy and the Department of Education's Return of Title IV funds requirements.

What portion of the financial aid you receive must be repaid, and what portion is grant aid. If the aid is a loan, you have the right to know the interest rate, the total amount that must be repaid, and know when the payment is to begin.

How the School of Nursing determines if you are making satisfactory progress, and what happens if you are not.

In Accepting Your Responsibilities You Must:

  • Complete all application forms accurately and submit them on time to the proper place.
  • Provide correct information. In most instances, misreporting information on financial aid application forms is a violation of law and may be considered a criminal offense which could result in indictment under the U.S. Criminal Code.
  • Return all additional documentation, verification, corrections, and/or new information requested by either the Financial Aid Office or the agency to which you submitted your application.
  • Be responsible for reading and understanding all forms that you are asked to sign, and for keeping copies of them.
  • Live up to the agreement that you sign.
  • Be aware of and comply with deadlines for application or reapplication for aid.
  • Be aware of the School of Nursing refund procedures
  • Report changes in name, address, and telephone number to the proper office(s).