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Financial aid is available to matriculated students who are taking at least six credit hours per semester. In order to be given full consideration for all types of financial aid programs available at St. John Fisher College, students must file the Free Application for Federal Student Aid (FAFSA). Students may complete the FAFSA online at www.fafsa.gov. Students should file at least one month prior to the beginning of the academic term for which they wish to receive financial assistance.
St. John Fisher College operates a full-time office with financial aid representatives who will work with you to determine how to fulfill your particular financial needs. These individuals have access to information relative to the various financial aid programs. Graduate students should contact Fisher’s Financial Aid Office at (585) 385-8042 at the earliest possible time. To assist graduate students in planning for and achieving their academic objectives, the College offers the following:
This federal grant program awards up to $4,000 per year to eligible students who intend to teach and fulfill a required service agreement. The award is prorated for part-time students. Recipients must be enrolled in an eligible education major or TEACH Grant-eligible program, agree to meet specific requirements and sign the Agreement to Serve (ATS). For more information and the application to apply, visit www.sjfc.edu/financialaid.
The Direct Loan Program offers several low-interest loans to graduate and professional students. The lender is the U.S. Department of Education. A student must meet general eligibility requirements for Federal Student Aid Programs, including citizenship or status as an eligible permanent resident. To receive a Direct Loan, a student must also be enrolled at least half-time (six credits) and complete an online entrance interview and master promissory note at www.studentloans.gov. Funds are disbursed directly to the student’s account. The loan can be repaid fully or in part at any time without penalty.
A graduate or professional student may be eligible to borrow a Direct Subsidized Student Loan for up to $8,500 per school year at a fixed interest rate of 6.8 percent. A 1 percent fee is charged. Loans disbursed prior to July 1, 2012 will be eligible for a 0.5 percent fee rebate. Direct Subsidized Student Loans do not accrue interest while the student is enrolled at least half-time and during the loan grace period. A student’s eligibility is determined by financial need (cost of attendance minus estimated financial assistance and expected family contribution). Students with loan periods and disbursement dates that are after July 1, 2012 will not be eligible to receive the Direct Subsidized Student Loan.
Direct Unsubsidized Student Loans can be used to meet a student’s remaining education costs and replace expected family contribution. These loans have a fixed interest rate of 6.8 percent. A 1 percent fee is charged. Loans disbursed prior to July 1, 2012 will be eligible for a 0.5 percent fee rebate. Graduate or professional students may borrow up to $20,500 per school year, less any Direct Subsidized Student Loan amount received. Pharmacy students are eligible to borrow up to $33,000.
Direct Graduate PLUS Loans can be made to graduate and professional students who need to borrow more than the maximum subsidized and unsubsidized loan amounts to meet education costs that are not covered by other aid. These loans have a fixed interest rate of 7.9 percent. A 4 percent fee is charged. A 1.5 percent fee rebate is given to those who have a loan period disbursing prior to July 1, 2012. Loan approval is subject to credit criteria established by the Department of Education, and a credit report will be obtained from a national credit bureau. Repayment begins within 60 days after the final loan disbursement for the academic year. Repayment may be delayed until six months after you graduate or are no longer enrolled at least half-time by contacting the Direct Loan Servicer.
Graduate students are considered to be making satisfactory academic progress for federal aid eligibility as long as they are in good academic standing according to institutional standards.
For purposes of computing academic standing, quality points are assigned to letter grades as follows:
|Grade||Points Per Credit|
Graduate-level students are considered to be in good standing if their cumulative GPA is 3.00 or higher at the end of each semester.
|Semester Credit Hours Earned Toward Degree||0–6||7–12||13–21||22+|
|Academic Dismissal with GPA Below:||2.00||2.50||2.75||3.00|
*Averages will not be “rounded.” For example, 2.99 will not be rounded to 3.00.
The Graduate Academic Standing Committee reviews student records each semester. If the Graduate Academic Standing Committee determines that a student has failed to meet the standards, the Committee reserves the right to withdraw the student from its program. If a student is withdrawn from the program, he or she is no longer eligible for federal and state financial aid.
Students who graduate or drop below half-time status are required by the federal government to complete exit counseling online at www.nslds.ed.gov if they borrowed a Federal Direct Student loan and/or received a Federal TEACH grant. Failure to do so may result in the withholding of their diploma and/or academic transcript.
Recent federal regulations change the way enrollment status is determined for students who are repeating coursework in which they previously received a letter grade of D- or higher. Students are eligible to receive financial aid for only one retake of a previously-passed course. More than one repetition of a previously passed course cannot be included when determining a student’s enrollment status.
A small number of privately funded scholarships are available to graduate students in good academic standing who meet the criteria designated by the donor(s) of the scholarship. Students eligible to apply for any of these scholarships will be notified and asked to fill out the proper paperwork.
A complete listing of scholarships can be found at www.sjfc.edu/alumni/support/scholarships.dot.
Recipients must be in good academic standing in accordance with the commissioner’s regulations and must not be in default of a loan guaranteed by the New York State Higher Education Services Corporation.
For eligibility requirements, application process and award information on the following: