You should start the financial aid process as soon as you receive your acceptance to FNU. All required financial aid documents are due one week prior to your Frontier/Bridge/DNP Bound orientation.
Graduate students are eligible for $20,500 in unsubsidized loans per year unless you have reached the maximum aggregate loan limit of $138,500, are currently in default on a student loan, or do not have a valid U.S. citizenship.
No. Since graduate students are not eligible for what can be considered "need-based" financial aid, your income will have no effect on the $20,500 unsubsidized loan offered each year.
Bridge students have the same financial aid eligibility as our other programs, which is $20,500 per award year in unsubsidized loans. Since the end result of your program is a graduate degree, the ADN-MSN Bridge program is counted as a graduate program.
You need to complete the Direct Loan Unsubsidized Master Promissory Note and Entrance Counseling Session at www.studentloans.gov. You will sign both forms using your FSA ID issued from the Department of Education.
Loan checks will be disbursed electronically to pay your tuition and fees within the first few weeks from the start of each term. Once the student loan funds have been received via electronic funds you should receive your residual check in the mail in about 10-14 business days after the check has been received at FNU. During times the postal service or banks are closed, it may take a little longer to get your residual checks. Checks will be disbursed routinely as long as you have completed the hours required for satisfactory academic progress (SAP) and completed the renewal FAFSA.
FNU encourages students to borrowing wisely. In the event a student borrows in excess of direct charges such as tuition and fees, and receives a residual/stipend, the overage may only be used for educational expense such as *room/board, books, educational supplies educational equipment, dependent child care expenses, transportation and rental or purchase of a personal computer.
*Room/board refers to lodging, utilities, and food provided for a fee.
No, the Financial Aid Office will not request loan funds if a student fails to meet SAP for two consecutive terms. The student loses federal financial aid eligibility until they have once again met SAP. Students have the right to appeal this decision. Please access the appeal policy located in the FNU catalog.
Although you are not withdrawing from FNU, you will be withdrawn from the federal student loan program and may enter repayment on your federal student loans. Once you return from AH you will be reinstated into the federal student loan program. If considering an AH, please Click here for the complete AH policy
