Financial Aid Information

Neumann University recognizes that increasing numbers of students require some form of assistance in financing their college education. It is the University’s objective to assist in making it financially possible for academically qualified students to attend Neumann. Students with financial need should not hesitate to apply for admission.

The Financial Assistance Office encourages all students, regardless of their financial circumstances, to apply for financial aid. At present, approximately 75% of all students attending Neumann University receive some form of financial assistance. By applying for financial aid, students are considered for scholarships, grants, work-study opportunities, and student loans which are awarded and/or coordinated by the University from institutional, federal, and state sources.

Neumann University awards financial aid on the basis of academic merit and documented financial need. The student’s need is determined by an analysis of the information provided on the Free Application for Federal Student Aid (FAFSA). The FAFSA is available at the FAFSA web site: www.FAFSA.ed.gov. For Fall admission, the FAFSA should be completed online as soon as possible after January 1st. Neumann’s priority deadline is March 15th. The University receives FAFSA information electronically and provides students with a financial aid package which is based upon this information.

In order to be eligible for financial aid funding, a student must be matriculated in a degree program and be a U.S. Citizen or Eligible Non-Citizen. In addition, students who have already earned a bachelor’s degree are not eligible for institutional, federal, or state grant funding. Second degree students may borrow funds through the William D. Ford Direct Loan program to assist them with the cost of their education. In general, an undergraduate student must be registered for at least 6 credits (half-time) in order to receive most types of financial aid funding.

Part-time students without a previous degree can be considered for the Pell Grant, state grants, and Direct Loans.

New freshmen and transfer students are awarded financial aid on a rolling basis. Returning students must apply each year to receive continued funding. The deadline for returning student financial aid applications is March 15th for the following academic year.

Application Procedure

Students should take the following steps in applying for financial aid from the University:

1. Complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1st. The FAFSA form can also be completed online at www.fafsa.ed.gov. In order to submit the FAFSA form online, the student must register for a pin number at www.pin.ed.gov and use that number for submitting the FAFSA form.
2. Be sure that the FAFSA/Renewal FAFSA lists Neumann University as the institution which has been designated to receive the student’s application information. Neumann University’s Title IV school code is 003988. If the student is a Pennsylvania resident, the FAFSA also serves as the student’s state grant application. The deadline for applying for state grant aid is May 1st. Students from other states should contact their respective state grant agencies for information pertaining to appropriate application procedures.
3. Respond promptly to all requests for additional information. These requests may originate from Neumann University, the Federal Processor, or a state grant agency.
4. Neumann University is a Federal Direct Lending participating school. To apply for the Federal Direct Subsidized/Unsubsidized Loan, you must complete the Free Application for Federal Student Aid (FAFSA), and sign a promissory note. Effective July 1, 2000, all student borrowers must use the Master Promissory Note (MPN). The MPN can be used for ten years and has to be signed only once. Financial Assistance will only process loans that have been requested by students for whom verification is complete or was not required. Because the funding for these loans comes straight from the U.S. Department of Education, you do not need to find a lender to borrow through this program. Since Neumann University is a Federal Direct Lending institution, you may not use a private lender to apply for a Federal Direct Loan.
   
   The returning student financial aid application deadline is March 15th for the following academic year. Returning students should follow the steps outlined above.

Financial Aid Programs/Scholarships

Neumann University is committed to making it financially possible for academically qualified students to attend and pursue their studies at the University. Each academic year, various scholarships are available to incoming and returning students who are enrolled at Neumann. Some scholarships are provided through the generous support of foundations. However, a number of scholarships have also been generated by individuals, usually established in memory of or in honor of a loved one.

There are several ways to establish a scholarship at Neumann University. Outright gifts of cash, stock or planned gifts, such as bequests, insurance, or charitable trusts can establish a scholarship that will help provide students at Neumann with an education that reflects the spirit and values of St. Francis of Assisi by developing a sense of responsibility which fosters and respects diversity.

Benefactors may set certain qualifications for their particular scholarship. Some requirements may include, but are not limited to: academic year at Neumann University, specific major or field of study; participation in specific university extracurricular activities; or demonstrated leadership skills. For more information on how to establish a restricted or endowed scholarship, please call the Office of Institutional Advancement and University Relations at 800-9-NEUMANN or 610-558-5513.

The scholarships listed below are awarded to deserving students who meet the academic requirements and scholarship criteria, and who demonstrate the financial need stipulated in guidelines created by the University. For information regarding awards, specific criteria and how to apply for any scholarship, contact the Office of Financial Assistance at 800-9-NEUMANN or (610) 358-4214, or via e-mail at: [email protected].

Endowed Scholarships at Neumann University

MOTHER MARY FRANCIS BACHMANN, OSF SCHOLARSHIP

This scholarship was established in May 2000 during the On the Wings of Angels comprehensive campaign by the Sisters of St. Francis of Philadelphia in memory of Mother Francis Bachmann. The scholarship is awarded to a student(s) who has successfully completed his/her freshman year with a minimal GPA of 2.50, embodies the values and mission of Neumann University, and has verified financial need. The scholarship may be renewed for two additional consecutive years. The recipient(s) are required to submit an essay on how the Franciscan values at Neumann impact his/her life and to provide a reasonable amount of service hours to the University as directed by the office of Mission and Ministry.

SR. CORDA MARIE BERGBAUER, OSF SCHOLARSHIP

Established in 2005 in honor of Sister Corda Marie Bergbauer, OSF, this scholarship provides financial assistance to deserving students enrolled at Neumann University who have graduated from a Catholic High School.

JANE MORRIS BROWNING SCHOLARSHIP

This scholarship was established by Sister Joan Morris, OSF in memory of her sister, Jane Morris Browning. Recipients must demonstrate academic ability with a GPA of 2.50 or better and a preference for helping others in their future professions (counselors, psychologists, or service-oriented careers other than the teaching profession).

NORA T. CARR MEMORIAL SHOLARSHIP

Established in November 1999 by Sister Marie Therese Carr, OSF in memory of her mother, Nora T. Carr, this scholarship is awarded to students who meet the academic criteria of the University and who are financially challenged.

P. J. DIQUINZIO SCHOLARSHIP

This endowed scholarship was established in 2004 through the first Neumann University Charitable Remainder Unitrust in honor of Pasquale J. DiQuinzio’s philanthropic wishes to provide scholarships for Neumann University students.

JOHN T. FACENDA SCHOLARSHIP

This scholarship was established in 1985 in memory of legendary Philadelphia broadcaster of excellence, John Thomas Facenda. Recipients for this scholarship must be a junior or senior Communications and Media Arts major, who is a full-time student with a cumulative GPA of 3.00 or above.

W. EDWARD FRAZER SCHOLARSHIP

Established in 1996, the W. Edward Frazer Endowed Scholarship provides financial assistance to Computer and Information Management majors who meet the scholarship requirements as set forth by Neumann University.

HELEN GILLEN-HAVENS ’83 ’93 MEMORIAL SCHOLARSHIP

The family and friends of Helen Gillen-Havens established this scholarship in her memory in September 2001. Helen, a faithful employee for many years, received both her undergraduate and graduate degrees from Neumann University while raising three children. Her family requested that the eligible criteria for scholarship recipients include a non-traditional aged student who is a single mother, in good academic standing with a 2.50 GPA or higher, and majoring in either Behavioral Science or Pastoral Care and Counseling.

WILLIAM RANDOLPH HEARST SCHOLARSHIP

This endowed scholarship was established in 1992 by the William Randolph Hearst Foundation and is awarded annually to returning adult students who are in good academic standing, participate in community activities, and are United States residents.

MARTHA HOLCOMB SCHOLARSHIP

Established in 1987, the Martha Holcomb Scholarship is awarded to adult female students who are 25 years of age or older with demonstrated financial need, a cumulative GPA of 3.00 or higher, who are involved in one or more University activities, and have earned a minimum of 30 Neumann credits.

HOLEFELDER BROTHERS MEMORIAL SCHOLARSHIP

The Holefelder Family of Aston, Pennsylvania, established this memorial scholarship in 1993. Residents of Aston, Brookhaven, Chester, Chichester, or Parkside, Pennsylvania; who are majoring in either Business Administration, Marketing, International Business, Sport and Entertainment Management, or Communication and Media Arts, and are involved in community service are eligible to receive support from this memorial scholarship fund. Awards may also be given in consideration of those students who are working mothers.

MARJORIE A. & MARY ALICE HOLLAND SCHOLARSHIP

Established in 1990 in memory of Marjorie A. and Mary Alice Holland, this scholarship assists graduates who have earned a Bachelor of Science in Nursing who have graduated within the previous two years to continue their education. Eligible recipients must have a minimum 3.00 GPA, demonstrated evidence of University, professional, or community service, and provide two verifiable references from a nursing professional and a community professional. Preference will be given to graduates from Neumann who intend to pursue a Master’s degree in Nursing.

ANNA MARIE HUTCHISON NURSING SCHOLARSHIP

Established in 2008, the Anna Marie Hutchison Endowed Nursing Scholarship is awarded to a junior or senior nursing major in good academic standing who embodies the values and mission of Neumann University and has verified financial need.

GEORGE P. AND MARTINA JENNINGS SCHOLARSHIP

Established in honor of George P. and Martina Jennings in September 2000, this scholarship provides financial assistance to deserving, qualified students enrolled at Neumann University.

DR. MARGARET MARY KEARNEY SCHOLARSHIP

This scholarship, established in memory of Dr. Margaret Mary Kearney in 1984, is awarded annually to a non-traditional female student who is 21 years of age or older, is majoring in either Liberal Studies, Liberal Arts, or Early Elementary/Special Education, and has completed a minimum of 12 credits from Neumann University with a GPA of at least 3.00. Qualifying recipients must be enrolled for a minimum of six credits per semester.

BRENDAN P. KELLY ’87 MEMORIAL SCHOLARSHIP

Established in 1990, the Brendan P. Kelly ’87 memorial scholarship is awarded to students who demonstrate leadership, participate in meaningful extracurricular activities on campus, understand commitment, and maintain a 2.50 GPA. Applicants are required to submit an essay stating their academic goals at Neumann University and their personal contribution to student life. This Scholarship is actively supported by the Brendan P. Kelly Committee, his family and friends.

FRANCES KOONZ LEE NURSING SCHOLARSHIP

Established in January 2000, the Frances Koonz Lee Endowed Nursing Scholarship is awarded to nursing students enrolled at Neumann who meet the academic criteria of the University.

DR. DOROTHY A. P. LEUNISSEN SCHOLARSHIP

Established in memory of Dorothy A. Leunissen, MD, Ph.D. by her loving husband, R.L. Abraham Leunissen, MD, this scholarship is a lasting tribute to her outstanding service and leadership. Recipients of this scholarship shall be selected by Neumann University in accordance with required regulations of University policy. Eligible recipients must maintain a 3.00 GPA, have demonstrated financial need, be dedicated to the service of others, and be enrolled full-time as a junior or senior.

STEPHANIE MAREK PERFORMING ARTS SCHOLARSHIP

This scholarship was established in September 2001 in memory of Stephanie Marek who taught music and interdisciplinary courses at Neumann University for twenty years. She served as Associate Director of the Theater Ensemble from its inception until her death in December 2000, and was the director of the University’s Community Chorus during the 1980s. Students must demonstrate a level of achievement in the performing arts; a commitment to the performing arts at Neumann University; a commitment to issues of social justice; an ability to articulate how the performing arts can be used in the interests of social justice; and maintain a GPA of 3.00 or higher.

KATHRYN AND JOHN MCDONNELL SCHOLARSHIP

This scholarship was established in November 2000 by Sister Jeannette Clare McDonnell, OSF and Sister Clare Immaculate McDonnell, OSF in memory of their parents, Kathryn and John McDonnell. Students must maintain a good GPA that indicates a pattern of interest in study; proven SAT scores and/or high school record; and a willingness to volunteer for an activity relative to the spiritual and/or academic development of Neumann University. Recipients may be required to develop an essay based upon the writings and/or their knowledge of St. Francis.

HARRY A. MCNICHOL SCHOLARSHIP

This endowed scholarship was established in memory of Harry A. McNichol by his friends and is awarded annually to incoming freshmen who are enrolled as full-time students at Neumann University and are residents of Delaware County, in Pennsylvania.

JOHN MCSHAIN SCHOLARSHIP

This endowed scholarship, funded by the John McShain Charities in 1987, is awarded once every four years to an incoming freshman and follows the student through his/her four years at Neumann University provided that recipients remain a full-time student and maintain a minimum GPA of 3.00.

THE MIRENDA FAMILY SCHOLARSHIP

The First Neumann University Family scholarship was endowed in 2003 in honor of Dr. Rosalie M. Mirenda, President of Neumann University, and her family. Recipients of this scholarship shall be selected by Neumann University in accordance with required regulations of University policy. First generation traditional students from a Catholic/religious sponsored high school who are enrolled full-time at Neumann University are eligible for this scholarship. Students must maintain a minimum 3.00 GPA each academic year, and demonstrate service to the University and community for continuance. Recipients may earn the award annually for a maximum of three consecutive years, having successfully completed their first year of study and earned 24 credits or more.

NEUMANN UNIVERSITY ALUMNI ASSOCIATION EXECUTIVE BOARD SCHOLARSHIP

The Neumann University Alumni Association Executive Board Scholarship was endowed in 2001. This scholarship is awarded annually to students in good academic standing with a 2.50 GPA or higher, who have successfully completed their freshman year at Neumann University, and who display an interest in extra-curricular activities associated with the University.

NEUMANN UNIVERSITY PARENTS’ COMMITTEE SCHOLARSHIP

The Neumann University Parents’ Committee Scholarship was endowed in 2001. This scholarship is awarded annually to students in good standing with a 2.50 GPA or higher, who have successfully completed their freshman year at Neumann University, and who display an interest in extra curricular activities associated with the University.

THE CHARLOTTE W. NEWCOMBE SCHOLARSHIP

This scholarship, which was endowed by the Charlotte W. Newcombe Foundation, provides financial assistance to non-traditional female students aged 25 years or older who have earned a minimum of 60 college credits. Recipients, referred to as Newcombe Scholars, must maintain a GPA of 2.50 or higher and must be enrolled for a minimum of 6 credits per semester. In addition to this endowed scholarship, the Newcombe Foundation also funds an annual restricted scholarship to increase its ability to financially assist Newcombe Scholars.

CATHERINE E. NOLAN & MARY NOLAN MEMORIAL SCHOLARSHIP

Established in 2008, this scholarship, in memory of Catherine E. Nolan and Sister Eunice Marie, OSF, provides financial assistance to deserving students enrolled at Neumann University who meet the scholarship requirements as set forth by the University. Eligible students must be continuing education students who are enrolled in the Nursing program and are in good academic standing.

HENRI J. NOUWEN SCHOLARSHIP

Established in 1987, this endowed scholarship is given to a student enrolled in Neumann’s graduate program in Pastoral Care and Counseling. Recipients must have a demonstrated history of pastoral service with qualities of scholarship and Christian commitment.

SISTER M. MARGARELLA O’NEILL, OSF SCHOLARSHIP

Sister M. Margarella O’Neill, OSF, President of then Neumann College from 1983 to 1989, passed away in 2006. During her presidency, Neumann College built the Bruder Life Center, which houses the Thomas A. and Mary A. Bruder Athletic Center, The Fred P. Meagher Theatre, and the campus dining facility. She also added the position of Vice President for Mission and Ministry to the College’s leadership team as part of an ongoing effort to promote Catholic Franciscan values on campus. Neumann University established this endowed scholarship fund in Sister Margarella’s memory. Recipients must be in good academic standing, demonstrate leadership responsibility, and show promise in their academic and professional abilities.

ANTHONY AND CECILIA PILEGGI FAMILY SCHOLARSHIP

This endowed scholarship was established by family and friends in memory of Cecilia T. Pileggi, Chairperson of the Cultural Arts Forum and long-time friend of Neumann University. The scholarship provides financial assistance to deserving students enrolled at Neumann who meet the scholarship requirements as set for the by the University.

SISTER PRESENTINA, OSF SCHOLARSHIP

Sister Presentina, OSF was a pioneer of the Child Care Division programs in Oregon and Washington State. She was also a leader in training catechists. Students who meet the Neumann University requirements for financial aid as set forth by the University are eligible to receive this scholarship.

DIANE HISLER RAWSKI ’85 SCHOLARSHI

Awarded in memory of Diane Hisler Rawski, former alumni director of Neumann University, this scholarship is given to a student who is majoring in English, Psychology, or Communication and Media Arts. Recipients must demonstrate a promise of academic success and maintain a 3.00 GPA or higher.

AMIR SHAHMAEE MEMORIAL SCHOLARSHIP

This scholarship was established by Dr. Arde Shahmaei, former Dean of the Division of Business and Information Management, along with his family and friends in memory of Dr. Shahmaei’s brother, Amir Shahmaee.

THE TILL FAMILY SERVICE SCHOLARSHIP

This scholarship was established in 2010 by Dr. Robert E. Till and Jane Hoffman Till who both teach in the Division of Business and Information Management at Neumann University in honor of their families who sacrificed so that they could benefit from a Catholic education. Eligible students must be enrolled full-time and be accepted into a major that is offered through the Division of Business and Information Management. The recipient must maintain a minimum 3.00 GPA, and be involved in service at Neumann that meets the approval of the Mission and Ministry Unit. Students who meet the requirements for financial aid as set forth by the University are eligible to apply for this scholarship. In addition, a student may earn the award for a second year provided that he/she submit a paper explaining how his/her educational experience and service connect to the Mission of Neumann University.

NANCY WILLINGHAM SCHOLARSHIP

Established in 1983, the Nancy Willingham Scholarship is awarded every four years to an incoming freshman majoring in Nursing, with a preference for minority students who meet the Neumann University Academic Scholarship criteria.

Annual Restricted Scholarships at Neumann University

APPLIED BANK SCHOLARSHIP

This scholarship was established in 2000 by Applied Bank to assist students from New Castle County, Delaware. Recipients must qualify under the financial criteria of low-to-moderate income guidelines and must be enrolled in one of Neumann University’s bachelor degree programs.

ROCCO & BARBARA MARTINO CATHOLIC LEADERSHIP SCHOLARSHIP

Established in 2006 in honor of Drs. Rocco and Barbara Martino, the Rocco and Barbara Martino Catholic Leadership Scholarship is an annual scholarship. Recipients will be Catholic and exhibit a consistent record of leadership and service activity, coupled with a strong faith life and a deep commitment to mission-centered values as inspired by Saints Francis and Clare. In addition, recipients will demonstrate leadership involvement in a variety of on and off-campus service activities through justice, faith, and ethics. Letters of recommendation from the University’s Mission and Ministry Unit and/or the Neumann Franciscan community are encouraged. The scholarship requires that recipients be full-time junior or senior students with a minimum GPA of 3.50.

THE CHARLOTTE W. NEWCOMBE SCHOLARSHIP

This scholarship which is supported annually by the Charlotte W. Newcombe Foundation provides financial assistance to non-traditional female students aged 25 years or older with a minimum of 60 college credits. Recipients must maintain a 2.50 GPA and must be enrolled for a minimum of 6 credits per semester. In addition to the annual restricted scholarship gift, the Newcombe Foundation also established an endowed scholarship to increase the support that is awarded each year to its Newcombe Scholars.

AMY LOUISE PARDO MEMORIAL SCHOLARSHIP

Established in memory of Neumann University student Amy Louise Pardo by her family and friends, this scholarship is awarded annually to a commuter student who resides in Chester County, Pennsylvania.

CHARLOTTE LYNCH SILVEY EDUCATION SCHOLARSHIP

This annual scholarship, in memory of Charlotte Lynch Silvey, was established in 2003. Students must be returning full-time sophomores, juniors or seniors majoring in Early Elementary/Special Education. Recipients must maintain a 3.00 GPA to remain eligible for the scholarship and have demonstrated financial need.

THE W.W. SMITH CHARITABLE TRUST SCHOLARSHIP

The W. W. Smith Charitable Trusts annually supports scholarships that are awarded to full-time undergraduate students in a degree-granting program of study, in good academic standing with at least a 2.50 GPA, and whose financial needs cannot be met by other aid programs. Smith Scholars must be permanent residents of the Delaware Valley Area (Counties: Bucks, Chester, Delaware, Montgomery, and Philadelphia). Out of state students who gain residency status due to their University enrollment are not eligible for funding. The Trust prefers that Smith Scholars receive support for two consecutive years, provided that they are in good academic standing and remain in need of financial aid subsidies. Recipients are required to write an original letter to the Trust for each year they receive a Smith Scholarship. This scholarship may only be applied toward tuition, and room and board expenses.

KATHY TEO ’04 ACADEMIC SCHOLARSHIP FOR INTERNATIONAL STUDENTS

This scholarship was established by Neumann University alumna Kathrina Teo ‘04, Valedictorian of her class. Recipients must be a full-time, international student majoring in any of the majors offered by the Division of Business and Information Management, maintain a GPA of 3.50 or higher, and be involved in the University’s extracurricular activities.

Future Scholarships at Neumann University

THE DELLEMONACHE FAMILY SCHOLARSHIP

This scholarship was established in 2011 in honor of the DelleMonache Family. Once fully funded, the objective of this fund shall be to provide financial assistance to deserving Neumann University students. Eligible recipients must be in good standing with the Catholic Church, a resident of the state of New Jersey, and a graduate of a Catholic high school, with demonstrated financial need as set forth by the University and who has been accepted for admission to Neumann University.

MICHAEL JOSEPH GRAMIAK SCHOLARSHIP

This scholarship was established in May 2011 in memory of Michael Joseph Gramiak, son of former Neumann University volunteer, Viola Mazur. The objective of this scholarship shall be to provide financial assistance to deserving students enrolled at Neumann University who meet the scholarship requirements as set forth by the University. The first award will be made in the 2012- 2013 academic year.

MICHAEL L. MASCIANTONIO MEMORIAL SCHOLARSHIP

This scholarship was established in loving memory of Michael L. Masciantonio, who fought a courageous battle with Duchenne muscular dystrophy, by his family and friends. Once fully funded, the objective of this scholarship shall be to assist students with a disability that meet the Neumann University requirements for financial aid.

JANET MASSEY BREAST CANCER SURVIVOR SCHOLARSHIP

This scholarship was established in 2005 by Janet and Joseph Massey, faculty members at Neumann University in honor of Janet, a breast cancer survivor. Once fully funded, the objective of the scholarship shall be to assist male or female students who have been diagnosed with breast cancer or who have had male or female family members that have been diagnosed with breast cancer.

For further information, please contact the Office of Financial Assistance by telephone at (610) 358-4214 or (800) 9-NEUMANN or feel free to e-mail us at [email protected].

Neumann Presidential Scholarship/Neumann Achievement Grant

Full-time students who apply for admission to the University’s traditional undergraduate programs are automatically considered for the Neumann Presidential Scholarship or Neumann Achievement Grant. The amounts of these awards are determined by an evaluation of the student’s academic credentials. A minimum cumulative GPA of 3.00 for the Neumann Presidential Scholarship and 2.00 for the Neumann Achievement Grant must be maintained for award renewal. The amounts of these awards are determined by an evaluation of the applicant’s academic credentials and commuter or residence status. Neumann Presidential Scholarship or Neumann Achievement Grant recipients whose status changes from resident to commuter or commuter to resident are subject to either an increase or decrease adjustment in their award. Additionally, students who live in off-campus housing are required to provide proof of their rental payment. Traditional (Day) students who are accepted into and, subsequently, register for courses in the University’s Liberal Studies Accelerated Degree Program are not eligible for either the Neumann Presidential Scholarship or Neumann Achievement Grant. Scholarship and/or Grant recipients who make any changes in their educational programs must notify the Financial Assistance Office. As a member of the National Collegiate Athletic Association, Division III, the University does not consider athletic ability in the awarding of any scholarships or grants.

Grants

A grant is a form of gift assistance, usually based upon financial need, that does not require repayment. Neumann has numerous grants and endowed scholarship programs which are available to students who demonstrate financial need. Other sources of grant funding are federal and various state government agencies. Students automatically apply for these grant programs by completing the Free Application for Federal Student Aid (FAFSA).

NEUMANN NEED GRANT

These awards are made to full-time undergraduate students to supplement family, federal, and state resources. Grant amounts vary, reflecting the individual financial circumstances of both the student and family. Awards are renewed based upon an annual review of financial need and maintaining Satisfactory Academic Progress.

FEDERAL PELL GRANT

Federal Pell Grants are made to exceptionally needy students, based upon a review of the information which is provided on the FAFSA. All awards are based upon financial need and are subject to an annual review. Pell Grants may be awarded to both full- and part-time undergraduate students.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG)

These awards are made to exceptionally needy full-time undergraduate students who are Pell eligible. Funding for this program is very limited and administered by the Financial Assistance Office.

PENNSYLVANIA STATE GRANT (PHEAA GRANT)

The PHEAA Grant is available to Pennsylvania residents who demonstrate need, as determined by the PHEAA Grant Formula. Determination of award amounts is made by the Pennsylvania state government. Full-time and at least half-time undergraduate students may be considered for a grant, if the FAFSA application is completed online by May 1st. Students may review their award online at www.pheaa.org.

OTHER STATE GRANT PROGRAMS

Residents of states other than Pennsylvania may be eligible to receive grant funding. Students should contact their state grant agency for more information.

Outside Merit Scholarship Adjustments

Students are encouraged to apply for scholarships outside of the aid received from Neumann University. When a student receives funds from other sources, that payment will impact the eligibility of their aid. Neumann University’s policy is to adjust the aid previously awarded between student loans and grants. The Financial Assistance Office reduces the student’s loan if necessary.

Employment

At institutions of higher education, employment refers to on- or off-campus work opportunities which enable students to earn money for educational expenses while they are enrolled at the University. At Neumann, work programs which are based upon financial need are available.

FEDERAL WORK-STUDY (FWS) PROGRAM

This federally sponsored employment program provides students with the opportunity to earn funds for tuition, books, supplies, and personal expenses while attending college. The amount of the award is determined by an analysis of the FAFSA data and is based upon the student’s financial need. The University provides a variety of work opportunities for students with FWS awards. Only full-time, undergraduate students with financial need may receive FWS awards. FWS student workers are paid bi-monthly, after their work hours have been completed and documented on the Neumann University timesheet and submitted to the Payroll Department. Students may work up to 12 hours per week and earn no less than the Pennsylvania minimum state wage.

Loans

Educational loans provide money for parents and students to help pay for educational expenses while the student is enrolled at the University. Perhaps the best features of these educational loan programs are the low interest rates and the extended repayment periods — in most cases up to 10 years. Loan programs are available to both students and parents.

WILLIAM D. FORD DIRECT LOAN PROGRAM

This loan program is available to full- and part-time undergraduate students who are enrolled for a minimum of 6 credits per semester. The Direct Loan Program makes two types of loans available to students: a subsidized loan and an unsubsidized loan.

FEDERAL DIRECT SUBSIDIZED LOAN

Subsidized Direct Loan eligibility is based upon financial need as determined by the Federal Need Analysis Methodology. When the student qualifies for a subsidized loan, the federal government makes the interest payments on behalf of the student while the student is still enrolled in school.

FEDERAL DIRECT UNSUBSIDIZED LOAN

A Federal Direct Unsubsidized Loan is not based upon financial need. If your estimated cost of attendance is greater than your financial aid, you may qualify for an unsubsidized loan. You are charged interest on this loan from the time it is disbursed until it is paid in full. You have the option to pay the interest while in school, or to allow the interest to accumulate, which adds to the principal amount of the loan and increases the amount to be repaid.

Annual subsidized loan limits for undergraduate students are: $3,500 for freshmen, $4,500 for sophomores; and $5,500 for juniors and seniors. Students may not borrow more than the annual loan limit in any combination of subsidized and unsubsidized loans. The interest rate for these loans is a variable rate, which is set by the federal government. Repayment of the loan principal begins six months after the student ceases to be enrolled on at least a half-time basis. The repayment period may extend up to 10 years, depending upon the total amount borrowed. The minimum monthly payment is $50.

Independent undergraduate students may have additional unsubsidized Direct Loan eligibility beyond the annual loan limits specified above. This additional eligibility may not exceed the cost of attendance minus other aid (including the subsidized loan). Freshmen and sophomores may borrow up to $4,000; juniors and seniors up to $5,000.

For first-time borrowers, if you have requested a loan and have completed verification or verification was not required, we will determine your eligibility and certify your Federal Direct Subsidized and Unsubsidized Loan. You will need to complete the MPN online at www.studentloans.gov. New students and first-time borrowers must also complete Entrance counseling prior to the electronic transfer of funds or the signing of their loan checks. The Entrance counseling explains the rights and responsibilities of a loan recipient. This can also be processed online by going to www.studentloans.gov and clicking on the Entrance counseling icon and following the instructions. If you have additional questions, you should contact the Financial Assistance Office.

FEDERAL PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) PROGRAM

The federally sponsored loan program enables parents with good credit histories to borrow in order to pay the educational expenses of each child who is a dependent undergraduate enrolled at least half-time (6 credits). The yearly limit on a Direct PLUS loan is equal to your cost of attendance minus any other financial aid you receive. If your parents are unable to get a Direct PLUS loan due to credit history, you may borrow additional funds under the Direct Unsubsidized Loan Program. Students must complete the FAFSA application and be enrolled at least half-time (6 credits) for parents to be eligible for the PLUS Loan. You can visit www.studentloans.gov for more information on the Federal Direct PLUS loan and to apply. You must electronically sign your application with the same parent PIN number you use for the FAFSA process.

The Federal Direct PLUS has a fixed interest rate of 7.9 percent. A maximum origination fee of 4 percent will be deducted from each loan disbursement. Parent borrowers can choose to defer payments on a Federal Direct PLUS loan until 6 months after the date the student ceases to be enrolled at least half-time. Accruing interest could either be paid by the parent borrower monthly or quarterly, or be capitalized quarterly. Payments on interest can be tax deductible and there are no penalties for paying off the loan early.

VETERANS BENEFITS

These benefits may be available to veterans based upon their service and/or participation in Department of Veterans Affairs (VA) Educational Programs. Children of deceased or 100% disabled veterans with a service-connected disability are also eligible to receive these benefits. Award amounts are determined by the Department of Veterans Affairs. Students should contact the VA for additional information.

HIGH SCHOOL AND LOCAL CIVIC SCHOLARSHIPS

A wide variety of scholarships and grants are available to high school graduates each year through their schools and local community organizations. Eligibility criteria, award values, and award determination are established by each organization. Students are encouraged to check with their local library reference section for books which list the many sources of this “outside” aid. In addition, the Internet has many sites which are dedicated to scholarships and grants. Contact the Financial Assistance Office for a comprehensive list of valid scholarship and grant resources.

Notification of Financial Aid Awards

New and returning students are notified of their eligibility for financial aid via the Financial Aid Award Letter. This award letter is processed and mailed to accepted students upon receipt of the student’s FAFSA data. Returning students’ letters are processed as their files become complete.

Financial Aid for Subsequent Terms

Neumann University will continue to provide financial aid for students during their subsequent years of enrollment at the University. It is the policy of the Financial Assistance Office to process requests and provide aid up to the level received for the first year, providing that the level of need remains constant. The type of aid offered may change from year to year, as the levels of availability for student loans and grants offered to the University change. Neumann University may use the higher levels of federal student loan borrowing to determine the type of support offered in subsequent years.

Verification

Each year, the federal government selects certain students for a process called verification. Selected students are required to submit verification documents, including federal tax returns, to the University for review within 45 days from receipt of the verification request. Students who are selected for verification will not be awarded their financial aid until the verification process is completed. If selected, any student should consider all financial aid awards as estimated until this verification process has been completed. The Financial Assistance Office reserves the right to adjust awards based upon receipt of any information which changes the student’s eligibility to receive financial aid. This information may include changes in application data, receipt of outside awards, financial circumstances, housing status, etc.

Students may receive requests for additional information from the University, the Federal Processor, or state agencies. Students must respond in a prompt manner to all requests for additional information to avoid delays in the finalization of their awards.

Financial Aid Adjustments

The Financial Assistance Office is prepared to respond to unforeseen changes in any student’s financial status. In the event that a student’s financial status changes or if, in the student’s opinion, a financial aid award offer is not sufficient, the student may request a review by submitting a Special Consideration Form which outlines the circumstances surrounding his/her request for a review of his/her file. The Office reviews each case individually for possible changes in funding.

If a student receives gift assistance from another source or has a change in family circumstances, it is the student’s responsibility to report that information to the Financial Assistance Office, which then reviews the student’s financial status, reserving the right to adjust the student’s award, if need be.

Neumann University awards merit-based and need-based grants to full-time matriculated students who are enrolled in undergraduate degree programs only. If a student drops to less than full-time status during the academic year, an adjustment is made to the student’s financial aid award at the University’s discretion. If a student who has received financial assistance withdraws from Neumann University, he/she is subject to the refund policies of the University as specified below.

Payments and Refunds

Statements covering all charges for the first semester are mailed to students in mid-summer and must be paid by the due date as indicated. Statements covering charges for the second semester are mailed during December and must be paid by the due date indicated on the bill. There is a $50 fee assessed for each missed payment deadline and for each month, thereafter, that the student’s balance remains unpaid.

The admission deposit and housing deposit are nonrefundable for students who choose not to attend Neumann University.

Neumann University participates in a Deferred Payment Plan. Students should contact the Business Office for additional information on this plan.

For refund purposes, a week is defined as seven calendar days beginning with the first day of classes. The first scheduled meeting of a course, therefore, constitutes the beginning of the refund period for that course. The refund period may change based upon the length and nature of the course.

Neumann University Refund Policy

Refunds for students during the Fall and Spring Semesters of the academic year are as follows:

All students who have previously attended, in a prior semester, at least one (1) class at Neumann and who are receiving Federal Title IV Aid and who withdraw from the University during any term will be refunded using the following Federal Refund Policy.

Federal Refund Policy

The Financial Assistance Office is required by federal statute to determine how much financial aid was earned by students who withdraw, drop out, are dismissed, or take a Leave of Absence prior to completing 60% of a payment period or term. For a student who withdraws after the 60% point in time, there are no unearned funds. However, a school must still complete a Return Calculation in order to determine whether the student is eligible for a post-withdrawal disbursement. This calculation is based upon the percentage of earned aid using the following Federal Return of Title IV Funds formula:

The percentage of the period completed ed is determined by dividing the number of calendar days completed in the payment period or period of enrollment, as of the day the student withdrew, by the total number of calendar days in the same period.

The number of calendar days in the numerator or denominator includes all days within the period, except for institutionally scheduled breaks of five or more consecutive days. Days in which the student was on an approved leave of absence would also be excluded. The day the student withdrew is counted as a completed day.

This percentage is also the percentage of earned aid. Funds are returned to the appropriate federal program based upon the percentage of unearned aid.

If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds, and the student would be required to return a portion of the funds. When Title IV funds are returned, the student borrower may owe a debit balance to the institution. If a student has earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 180 days of the student’s withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination of the date of the student’s withdrawal. Refunds are allocated in the following order:

• Unsubsidized Direct loans (other than PLUS loans)
• Subsidized Direct loans
• Federal Perkins loans
• Direct PLUS loans
• Federal Pell Grants for which a return of funds is required
• Federal Supplemental Opportunity Grants for which a return of funds is required
• Iraq Afghanistan Service Grant

Students are required to meet all financial obligations to the University when due. Students are not allowed to register for classes, graduate, or receive academic transcripts if they are delinquent in meeting their financial obligations to the University.

Satisfactory Academic Progress Standards Policy

To receive and remain eligible for Federal Title IV funding and institutional financial aid, students must progress toward the completion of their program of study at a rate that will ensure graduation in a reasonable length of time. Neumann University has established a policy that measures academic progress for financial aid both quantitatively (credit hours) and qualitatively (grades) at the end of each academic year. Please note the school’s academic policy may differ.

Quantitative Measurement

Students must successfully complete a minimum of 67% of the total credits attempted while enrolled at Neumann University. Successful completion is based on the percentage of total (cumulative)\ credit hours attempted compared to the total credit hours completed. Earned credits for a course cannot be counted more than once. For a full definition of attempted and completed credits, please contact the Office of the Registrar.

• A grade of Incomplete (“I”) is treated as an attempted and non-passing grade until it is resolved as a passing grade, i.e., until the grade of “I” is replaced with a grade of “D” or better in accordance with the University’s grading policy for grades of “Incomplete”.
• A grade of “IW” or “W” is treated as an attempted and non-passing grade until it is counted in the quantitative measure of SAP standards. Students who withdraw from the University after the conclusion of the Drop/Add Period will have all financial aid assistance suspended in the subsequent semester.
• The Pass/Fail Option must be requested by the student during the first two weeks of any given semester/term, unless otherwise posted. While grades of “P” are counted in both the qualitative and quantitative measurement of SAP standards in accordance with federal and state regulations, the student’s GPA is affected only when a failure grade (“F”) is earned.
• Repeat courses are considered as new classes for financial aid purposes. The Director of Financial Aid reserves the right to decide, on an individual basis, the number of times a student can receive federal aid for repeated courses.
• Remedial or Developmental courses are counted in both the qualitative and quantitative measurement of a student’s academic progress, but are not applied toward the completion of any degree program at the University.
• Transfer credits accepted by Neumann University are included in the quantitative measurement of a student’s academic progress (maximum time frame for degree completion).
• For readmitted students, all prior credits are considered in determining satisfactory academic progress of individual students who return to Neumann University after one or more semesters of absence.
• For change of major, all prior credits are considered in determining the satisfactory academic progress of students.
• If in any term a student earns zero credit hours, the student is suspended from receipt of federal financial assistance in the subsequent term of enrollment.

Qualitative Measurement

Undergraduate students must achieve the following minimum cumulative grade point average (GPA):

Credit Hours/Completed Minimum GPA

• 15.5 or fewer credits: 1.70
• 16 - 30.5 credits: 1.80
• 31—60.5 credits: 1.90
• 61 and more credits: 2.00

Maximum Time Frame Requirements

The maximum time frame to complete the credits required for graduation is measured in credit hours attempted. The maximum time frame may not exceed 150% of the published length of the academic program. The maximum time frame for a transfer student may not exceed 150% of the published length of the program minus the number of credits accepted for transfer at the point of matriculation.

Dismissal/Suspension

Academically dismissed or suspended students are ineligible for financial aid while suspended and must appeal or request reinstatement upon readmission to regain financial aid eligibility for subsequent semesters. Academic readmission does not automatically grant reinstatement of financial aid eligibility.

Reinstatement

Reinstatement of financial aid eligibility is possible once the student has earned 67% of total credit hours attempted and has achieved the required grade point average, either at the student’s own expense or by completing unfinished class assignments, except when aggregate hours (total hours attempted) are the cause of ineligibility. The student is responsible for making certain that the completed credits and grades have been properly posted with the University Registrar before requesting reinstatement of financial aid. To request reinstatement, the student may either submit the reinstatement form, available from the Financial Assistance Office, or submit a written request to the Financial Assistance Office. Requests for reinstatement should be made as early as possible after the student’s transcript has been updated. A student is encouraged to file all financial aid application forms by the University’s priority financial aid deadline of March 15th, so that if reinstatement has been achieved, eligibility for aid can be determined as quickly as possible.

Appeals

Students who do not achieve satisfactory academic progress may appeal their loss of financial aid. Satisfactory Academic Progress is measured at the end of each semester.

Students who do not meet the minimum standards will be contacted by e-mail notification. Notifications will outline student options to make progress by attending classes at their own expense, or to submit an appeal. A student may appeal for a waiver from the satisfactory progress rules and regulations and be granted a probationary period based upon such extenuating circumstances as the death of a relative, a serious personal illness or injury, or a change of educational objective. The student must be able to demonstrate that the extenuating circumstance had a direct impact on the student’s academic performance.

Waiver Request forms can be obtained from the Financial Assistance Office. Appeal for excessive aggregate hours must address, at a minimum, any degree program changes and include a degree completion plan from the dean of the student’s academic program. Students approved for a probationary period will have their academic progress reviewed after each semester.

For additional information regarding the University’s Minimum Satisfactory Standards of Academic Progress for Financial Aid, please contact the Financial Assistance Office.

Pennsylvania State Grant Academic Progress

Student’s receiving a Pennsylvania state grant are subject to the Pennsylvania Higher Education Assistance Agency’s (PHEAA) academic progress policy in order to receive and maintain the state grant. The student is required to successfully complete a minimum of 12 credits per semester for each full-time state grant received and a minimum of 6 credits per semester for each part-time award. Academic progress for a Pennsylvania state grant is measured only once per year, at the end of the spring semester. PHEAA sends a copy of this policy to each state grant recipient. The policy is available on line at www.PHEAA.org.

Renewal of Merit-Based Awards

Various merit-based scholarships and grants awarded by Neumann University have specific GPA requirements for award renewal. Students are notified of this requirement at the time the scholarship or grant is awarded. Students failing to achieve the minimum GPA requirement have their merit-based award revoked.