Financial Aid

Welcome

Southeast Hospital College of Nursing and Health Sciences Financial Aid Office is here to assist students with the many processes involved with applying various types of aid to help pay for their post-secondary education.

Financial aid may consist of one or more of the following available from various federal, state, and private sources:

  • Grants
  • Scholarships
  • Loans

Financial aid is available to students with or without financial need. Financial aid may be available to students based on many factors. The financial aid staff will guide you through the process and look forward to assisting you every step of the way, ensuring that every person has the opportunity to succeed at Southeast Hospital College of Nursing and Health Sciences.

Free Application for Federal Student Aid (FAFSA)

HOW TO APPLY FOR FINANCIAL AID

The primary way most students receive financial aid is to file a Free Application for Federal Student Aid (FAFSA). The FAFSA should be submitted using our School Code of 030709 as soon after October 1st as possible for the Financial Aid Office to determine eligibility for the various financial aid programs. Students who have applied for aid during the previous year should complete a Renewal FAFSA. The FSA-ID serves as an electronic signature, which significantly improves the processing time. Students and parents of dependent students should request a FSA-ID at the U.S. Department of Education’s website: https://fsaid.ed.gov. A paper signature page must be downloaded, signed and mailed for students or parents who don’t have a FSA-ID. A federal customer service telephone helpline is 800-4FED AID (800/433-3243) or 319/337-5665. Students can also contact our office at any time.

APPLICATION RESULTS OR CHANGES

Once the FAFSA has been submitted, students will receive a student aid report (SAR). This is a copy of your FAFSA information. The SAR should be reviewed for accuracy and completeness. If the SAR has errors, corrections should be completed at the U.S. Department of Education’s FAFSA web site. If a financial aid application has been filed, but Southeast Hospital College of Nursing and Health Sciences was not listed as a school choice, the student will need to update their FAFSA to include Southeast Missouri Hospital College of Nursing and Health Sciences Federal School Code: 030709. When a correct SAR is received, it should be retained by the student. Southeast Hospital College of Nursing and Health Sciences Financial Aid Office receives SAR information electronically, so it is not necessary for a paper SAR to be submitted to the Financial Aid Office. If students need assistance with making FAFSA changes, the financial aid office can help.

Eligibility for Federal Financial Aid

TO BE ELIGIBLE TO FILE A FAFSA YOU MUST:

  • Complete a Free Application for Federal Student Aid (FAFSA).
  • Be a U.S. Citizen or an Eligible Non-citizen (see below).
  • Be registered for Selective Service (male students, ages 18-25)
  • Have a High School Diploma or General Education Development (GED) High School Equivalency Diploma.
  • Be working towards a degree or certificate.
  • May not be in default on any federal educational loans or owe a refund on a federal grant.
  • Be making Satisfactory Academic Progress.
  • Not have been convicted of a drug offense while receiving financial aid.

YOU MUST ALSO BE A CITIZEN OR ELIGIBLE NON-CITIZEN

You are considered a citizen or eligible non-citizen if you fit into one of the following categories:

  • You are a U.S. Citizen.
  • You are a U.S. National (includes natives of America, Samoa, or Swain's Island).
  • You are a U.S. Permanent resident with an Alien Registration Receipt Card
  • (I-151,I-551, or I-551C).
  • You are not a U.S. citizen or eligible non-citizen, but have an I-94 or I-94A with one of the following designations: Refugee, Asylum Granted, Indefinite Parole, Humanitarian Parole, Cuban-Haitian entrant, status pending, Conditional entrant (valid only if issued before April 1, 1980)

DETERMINING FINANCIAL AID ELIGIBILITY

Students should first submit the FAFSA to be evaluated for the need-based programs. The Department of Education determines eligibility for need-based financial aid using submitted FAFSA application information in a standard need analysis formula.

Financial Need can be defined as the Cost of Attendance (COA) minus the Expected Family Contribution (EFC).

Cost of Attendance - Expected Family Contribution = Financial Need

Cost of Attendance (COA) is a calculation of expected expenses during the time you are enrolled. COA includes allowances for tuition and fees, room and board, books and supplies, transportation and other personal expenses. Although some of these costs will be paid directly to the College (tuition and fees) most are considered indirect costs and the responsibility of the student.

Expected Family Contribution (EFC) is calculated from the information you report on the FAFSA. EFC is a measure of a student’s and his/her family’s financial strength and resources and is used to determine amounts and types of aid available.

Once Financial Need is determined, federal, and state private grant and scholarships are awarded, followed by Federal Direct Stafford Loans. Following determination of need-based aid, non-need based aid such as Unsubsidized Federal Stafford Loans or Parent PLUS loans is awarded. Students that do not have need-based aid can still receive non-need based aid.

Verification

What is Verification?

Often, FAFSA records are selected to be verified by the Department of Education and the College. This process requires that the College collect various tax documents to verify data submitted on the FAFSA. A financial aid record is not considered complete and eligible for aid disbursement until verification has been completed. Because the College participates in Federal Student Aid programs, by law we are required to verify designated files.

Why was I selected?

Most files are chosen by the Central Processing System (CPS) at the Department of Education. Although most files are chosen at random, some files may be chosen based on areas commonly completed with mistakes. Just remember we are here to help--most errors found result in additional aid eligibility for the student.

Selecting Students

The College will request verification information from all students who are selected for verification. Required verification items often consist of:

  1. Household size as defined by the Federal Department of Education.
  2. Number in college
  3. Adjusted gross income as supplied by the IRS
  4. U.S. taxes paid
  5. Certain types of untaxed income and benefits (examples not all inclusive: Child Care, IRA/Keogh deductions, Interest on tax-free bonds)
  6. All other untaxed income included on the U.S. income tax return (excluding schedules).

The College is also required to verify any application information that appears to be incorrect or contains discrepancies.

Notifications

Students who are selected for verification will be notified through their school e-mail address. Please be sure to provide all requested documentation in a timely manner. Remember, financial aid cannot be awarded until this process has been completed.

Deadlines

Students must complete all required paperwork at least two weeks prior to the end of each semester to be eligible to receive aid for that semester. Paperwork submitted after this deadline will be processed at the discretion of the College.

Award Notification

Once your FAFSA results and all requested information has been received and processed, you will be notified via email that you have an Award Letter. The Award Letter will reflect all federal and state offers of aid including scholarship, need based grants, and loans. The Award Letter provides a summary of your financial aid. All or part of the award offered can be accepted. Please contact the Financial Aid Office if you need assistance.

The Award Letter will contain the Cost of Attendance, Expected Family Contribution, as well as information on the awards you have been offered and/or are receiving. Students will need to follow the instructions contained in the Award Letter to accept their aid.

To view your Financial Aid Award letter after you have received your email stating it is ready for you to view, follow these steps:

  1. Access SONIS at https://www.sehconsonisweb.com
  2. Log on using your User ID and Password;
  3. Click on “Financial” on the left side in the blue column to open dropdowns “Semester Billing” and “Ledger”
  4. Click on Semester Billing
  5. Scroll to the bottom of the Semester Billing webpage to find the Award Letter Button
  6. Click on the Award Letter button
  7. Carefully Read Award Letter
  8. Print copy of Award Letter
  9. Sign and submit signed Award Letter to Financial Aid Office

If you are accepting a Federal Direct Subsidized or Unsubsidized Loan and are a first time borrower, you must have a Direct Loan Master Promissory note (MPN) on file and complete Entrance Loan Counseling before any financial aid is able to be disbursed. The Direct Loan MPN and the Entrance Loan Counseling web site is https://studentloans.gov. You will need to use your Department of Education FSA-ID for both the MPN and Entrance Loan Counseling.

Types of Aid

Financial Aid

Southeast Hospital College of Nursing and Health Sciences offers a comprehensive program of financial assistance for students needing supplemental financial support for their educational expenses. To apply for federal and state need-based aid, a student must complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov.

Federal Grants

The Federal Pell Grant is a need-based grant available through the U.S. Department of Education. To apply, students need to complete the FAFSA. Eligibility is based on the Expected Family Contribution (EFC) and enrollment status. Award amounts are prorated for less than full-time enrollment. Awards range from $6095-$652 for the 2018-2019 Academic Year.

State Grants

The Missouri Department of Higher Education (MDHE) provides a variety of financial assistance programs to help students and their families pay for college. These are grants that do not have to be repaid. Students must be Missouri residents and be making Satisfactory Academic Progress, as defined by Southeast Hospital College of Nursing and Health Sciences.

  • Access Missouri Financial Assistance Program—need-based grant program awarded to undergraduate students who file a FAFSA prior to February 1, have an EFC less than $12,000, and are full-time. Annual awards are determined by MDHE but can range from $1,000-$2,850.
  • Marguerite Ross Barnett Memorial Scholarship—students must complete a FAFSA by August 1, be enrolled part-time (6-11 credit hours), and working at least twenty (20) or more hours per week. To apply, students must complete the Marguerite Ross Barnett Employment Verification Form at https://dhe.mo.gov/ppc/grants/rossbarnett.php and return to the Financial Aid Office. Annual awards vary.
  • Bright Flight Program—students must score a 31 on their ACT and be enrolled full-time. Awards up to $3,000.

Scholarships are available through the SoutheastHEALTH Auxiliary and Foundation. For information visit: https://www.sehealth.org/healthcare-professionals/scholarship-opportunities.

Federal Loans

Federal Stafford Loans are available to students through the U.S. Department of Education. Students interested in obtaining loans to assist with education costs, should apply through the FAFSA. Students must be enrolled at least half-time (6 hours) to be eligible. Students must also complete Entrance Counseling and a Master Promissory Note (MPN) prior to receiving funds. These are loan funds and must be repaid. Eligibility varies.

  • Subsidized Federal Stafford Loan—need-based loan program where the Department of Education pays the interest for you while you are enrolled at least part-time.
  • Unsubsidized Federal Stafford Loan—loan program available to all students regardless of need. Interest on this loan will start to incur once the student receives loan funds. The student may choose to make interest payments while in school or defer (and accumulate) the interest until repayment.

For further information concerning counseling requirements, master promissory note, exit counseling, and loan repayment information, click here

Entrance Counseling and Master Promissory Note (MPN)

Before any loans can be disbursed, students receiving loans are required to complete Entrance Counseling and sign a Master Promissory Note (MPN).  These items are available at studentloans.gov. Students will use their FSA ID and password to log into website to complete the Entrance Counseling and sign the MPN. Confirmation will be automatically sent to the College.

Exit Counseling

Students who are in their final semester before graduation, who withdraw, who are enrolled less than half-time (< 6 credit hours), or do not make Satisfactory Academic Progress must complete Exit Counseling at studentloans.gov. Students will use their FSA ID and password to log into website. Confirmation will be automatically sent to the College.

Repayment

For repayment information students will need to contact the Department of Education.  Information regarding Repayment and Consolidation may be found at studentloans.gov.

  • Complete a Consolidation Loan Application and Promissory Note
  • Use the Repayment Estimator
  • Apply for an Income-Driven Repayment Plan
  • Co-sign Spouse's Income-Driven Repayment Plan Request
  • Access Repayment Forms

Click to close Student Loan Information

Missouri Nurse Loan Program

Loan program available through the Missouri Department of Health. To apply, please visit: http://health.mo.gov/living/families/primarycare/loanrepayment/. Eligible students may receive up to $5,000.

Parent PLUS Loans

Parent Loan for Undergraduate Students (PLUS)—loans available to parents of dependent students. To apply, students will need to file a FAFSA. This is a loan that must be repaid. Parents interested in the Parent PLUS loan may apply at https://studentloans.gov.

For more information on parent loan, click here

Federal Direct Parent PLUS Loan

Direct Parent PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay education expenses. The individual applying for the loan must be the parent (biological, adoptive, or in some cases, stepparent) of a dependent undergraduate student enrolled at least half-time (6 hours). The parent borrower may not have adverse credit history and must meet the general eligibility requirements for federal student aid. The student must also meet these eligibility requirements as the beneficiary of the loan. Specific details relating to the terms of the Parent PLUS Loan program, as well as current interest rates and repayment options, can be found on the Federal Student Aid website.

We recommend that you wait until after April 1 to apply for a PLUS loan for the next academic year. Applying too early for a PLUS loan could cause your credit check to expire before the loan is processed.

To apply for a Direct Parent PLUS Loan the parent borrower must:

  1. Complete the FAFSA with your student.
  2. Determine the amount to borrow based on your student’s award notification and the Net Price Calculator.
  3. Log on to the Federal Student Loan website and select the Parent Borrower tab. The parent will need to Apply for a PLUS Loan and Complete the Loan Agreement for a PLUS Loan (MPN). The parent’s FSA ID will need to be used to digitally sign the application.

Certifying your loan

Completing these steps will indicate the amount you wish to borrow and will provide the office of student financial aid with the information needed to certify the loan—a process which is completed electronically. When we are notified of your credit approval, we will schedule disbursements according to established policy each semester after your student registers for classes.

If the credit check is not approved, we will notify your student of additional unsubsidized loan eligibility. Your student will be required to accept the additional unsubsidized loan funds from the PLUS denial by contacting the financial aid office for further instructions.

Cancelling a Direct Parent PLUS Loan

If a parent wishes to cancel all or part of the PLUS loan, the parent must notify the financial aid office in writing before the end of the semester.

Click to close Parent Loan Information

Alternative (Private) Education Loans

Private loans are available for students who need additional aid. A separate application is required. Generally, student must have a co-signer with a good credit history. Alternative loans are funded by banks, credit unions, and other private lending institutions. Students who need additional funds to pay educational costs, and who have exhausted their federal Direct Loan eligibility and other funding resources, may consider borrowing an alternative (private) education loan. This option should be carefully considered. 


Alternative loans:

  • Are non-federal loans and do not have the same terms and conditions of federal loans
  • Cannot be combined with federal loans when you enter repayment (this means you cannot include them in a federal loan consolidation, and will have separate loan payments each month when you enter repayment)
  • May not offer flexible repayment plans
  • May have a higher interest rate than your federal loans
  • Do not offer public service loan forgiveness
  • May have a long repayment period, depending on how much you borrow each year you are in school
  • May require a separate payment each month on each loan you borrowed

Similar to home and car loans, lenders have flexibility in setting the interest rate, credit criteria that must be met, and repayment terms.

Lenders may require a co-signer. A co-signer signs the promissory note promising to repay the loan if you don’t. After you enter repayment, some lenders offer a co-signer release. To determine your eligibility for a co-signer release the lender will require a specified number of on-time payments and will pull your credit score and history.Interest rates are directly related to the credit rating of you and/or your co-signer, so choose a co-signer who has a good credit score.

Choosing a lender

Many factors vary among lenders so it’s in your best interest to research different alternative loan products and choose one that best fits your needs and circumstances both in the short and long-term.    

Things to compare among lenders:

  • Interest rates
  • Whether accruing interest is added to the principal amount of the loan while you are enrolled in school
  • Are there any fees associated with the loan? Ask about both up front and backend fees.
  • Are payments required while you are in school? Some lenders require payments while you are in school and some do not. In the long-term, it’s in your best interest to make payments while you are in school but this may not fit in your budget.
  • Does the lender offer a cosigner release? If so, what are the conditions you must meet in order to qualify?

List of Alternative Loan Lenders

Southeast Hospital College of Nursing and Health Science’s FASTChoice Preferred Lender List is a tool for you to compare the benefits and services of lenders that offer private loans. The College does not endorse or promote any lenders that offer private alternative loans. A list of lenders is provided based on product, performance and customer service. Southeast Hospital College of Nursing and Health Sciences does not have any agreements with these lenders, nor do we receive any benefits from the use of their private loans by our students. The lenders names are provided in random rotating order. If you wish to use an alternative loan lender that is not on this list, you have the right to do so.

In an effort to help students start the search for an alternative loan lender and make informed decisions, the Southeast Hospital College of Nursing and Health Sciences Financial Aid Office, in a formal review process, annually reviews loan products from various lenders. Many factors are used to evaluate each loan product and lender. Changes in technical support, lack of adequate client service, or low loan volume may result in removal from the list. Lenders are reviewed comparatively but not limited to the following criteria:

  • Customer service combining a student-centered mission with customer-centered business practices
  • School-focused support processes
  • Benefits available to borrowers at the time of repayment
  • Default rates-national, state, and institutional
  • Policy on the sale or sharing of borrower information with other parties
  • Demonstrated security of borrower information
  • Web-based application and services
  • Proactive customer communication, including easy access to a borrower’s current and cumulative borrowing and estimated repayment information
  • Timely and responsive processing with excellent problem-resolution service
  • Knowledgeable customer service representatives
  • Provide a seamless continuum in processing payments, handling inquiries, and maintaining careful records

The application process

  1. Determine the amount you need to borrow for the entire year – borrow only what you need and evaluate if you can reduce or cut out some of your monthly expenses to avoid over borrowing.
  2. Choose a lender
  3. Apply with that lender- most lenders have an on-line application. If you are applying with a co-signer, they will need to complete an on-line application as well. Your application is not complete and will not be processed until everything has been submitted to the lender.
  4. The lender may require proof of income or other documents to complete your application.
  5. The lender will provide to you an Approval Disclosure, Applicant Self Certification form and Acceptance of Loan Terms form. The Applicant Self Certification and Acceptance of Loan Terms must be signed (electronically or via paper) and returned to the lender.
  6. The Financial Aid Office will be notified by your lender that you have completed the application. The lender requires us to verify you are eligible to receive the loan. This is called the certification process.
  7. The Financial Aid Office certifies the loan, adds the loan to your financial aid package and sends the certification information to your lender.
  8. The lender sends you a Final Disclosure. After a regulatory waiting period (typically 14 days), the lender sends the funds to the College.
  9. The College disburses the funds to your student account.

Click to close Private Loan Information

Disbursements

Federal Direct Loans, grants, and scholarships are directly applied to the student’s account. Any remaining balance due is the responsibility of the student and the student is required to make payment arrangements with the Billing Office. Students that have a credit balance will receive a refund check. For more information on Refund disbursements see below.

WHEN IS AID DISBURSED?

Financial Aid disbursements are tentatively scheduled for the first full-week of full semester classes for the fall and spring semesters and after July 1 for the summer semester. However, disbursements could be delayed due to specific program requirements or corresponding documents that have not been received, reviewed and/or processed by the Financial Aid Office. Contact the financial aid office to determine your disbursement date.

HOW IS AID DISBURSED?

The award letter will indicate what type of grants, scholarships, and/or loans a student is eligible to have disbursed each semester. See Award Notification tab for further information.

WHEN ARE REFUNDS DISBURSED?

If a credit balance exists after all financial aid has been disbursed and all charges have been applied, a student is entitled to a refund. Typically this refund will be processed within 14 days of the date the funds were applied to the students account. The Billing Office will email the student when the refund check is available for pick-up.

Satisfactory Academic Progress (SAP)

Students receiving Federal Student Aid (and most state aid) must be making Satisfactory Academic Progress (SAP) towards their degree. The three components of SAP include:

  1. Cumulative GPA >2.0
  2. Complete 66.67% of cumulative courses attempted
  3. Complete degree within 150% of the published course length.

Students not meeting any one of the above criteria will be placed on a Financial Aid Warning semester. During the Financial Aid Warning semester the student will be eligible to continue to receive aid. Students who fail to meet SAP standards following their Financial Aid Warning semester will be placed on Financial Aid Suspension for future semesters and will be ineligible to receive Federal or most State Aid.

The complete Satisfactory Academic Progress policy can be viewed on the Financial Aid Policies tab.

Financial Aid Policies

To review a specific financial aid policy, click on the title of the policy below:

Attendance Policy

Award Notification Policy

Return of Title IV Funds (R2T4) Policy

The Financial Aid Office, in accordance with Federal regulations, will perform a Return of Title IV Funds (R2T4) on any Title IV recipient who withdraws from the College during a payment period in which the student began attendance. Aid will be calculated based on the number of days of the term completed by the student divided by the total number of days in the term. As a result of this calculation, students may be responsible to repay aid already received. Students will be notified within 45 days. For our full policy, please click here


Click to close Return of Title IV Funds (R2T4) Policy

Satisfactory Academic (SAP) Policy

Withdrawal Policy

Refund Policy

Veterans Checklist

Veterans who wish to use VA benefits while at Southeast Missouri Hospital College of Nursing and Health Sciences will need to provide additional information to the financial aid office.

Veterans Administration Educational Benefits

Veterans using their educational benefits must first apply through the Veterans Administration. Once the Certificate of Eligibility has been received, a copy will need to be submitted to the financial aid office.

Documentation of Military Service

The College will request documentation or your military service. A copy of your DD-214, a copy of your military ID, or other acceptable document will need to be provided. A copy of your Military Records, including a DD-214, can be obtained at https://www.ebenefits.va.gov/ebenefits/homepage

  • Sign in with your DoD Self Service Login
  • Hover over the "Manage" tab and select "Documents and Records"
  • Select "Military Personnel File"
  • You must first "Request your OMPF Information" then within 24 hours the information will be available

Free Application for Federal Student Aid (FAFSA)

Veterans Services recommends that all student veterans apply for financial aid by submitting the Free Application for Federal Student Aid (FAFSA). Your recent separation/deployment may have earned you the right to receive federal grants to assist you financially while you are pursuing your career goals through higher education. FAFSA applications are available for online completion at www.fafsa.ed.gov.

If your income has changed significantly as a result of a recent deployment, you may be eligible to complete a Special Circumstance. Please contact the financial aid office for additional information.

Frequently Asked Questions (FAQs) / Glossary of Terms

Free Application for Federal Student Aid (FAFSA) Questions

Billing and Refunds

Glossary of Terms

Special Circumstance

On a case-by-case basis, the financial aid office may review family changes after the FAFSA has been submitted with the previous year’s information. If a major change occurs in your financial situation, you may submit an appeal for our office to review your situation. Examples include:

  • Parent(s) or student recently unemployed
  • Parent(s) or student is receiving less pay
  • Parents or student has become separated or divorced
  • Death of parent or student’s spouse
  • Medical and dental expenses not covered by insurance
  • Private elementary or secondary school expenses
  • Unemployment benefits or untaxed income no longer received
  • IRA and 401K withdrawals
  • Other changes to a student’s status or to a student’s or family’s income or assets

To receive an appeal form, please contact the financial aid office. Appeals are reviewed and handled on a case-by-case basis.

Financial Aid Office Contacts

Dean of General Education and Student Services:
Lance Ratcliff, PhD, RD
Phone: 573/334-6825 ext 2239
Email: lratcliff@sehcollege.edu

Financial Aid Director:
Cassandra Hicks, BSBA, MBA
Phone: 573/334-6825 ext 2209
Email: chicks@sehcollege.edu

Business Officer:
Deanna Sells, MBA
Phone: 573/334-6825 ext 2225
Email: dsells@sehcollege.edu

Student Services Coordinator:
Janet Jackson
Phone: 573/334-6825 ext 2203
Email: jjackson@sehcollege.edu