NURSING LOAN: - Award amounts are based on financial need and funding levels to full-time, undergraduate students in the Nursing program and range between $200 and $2500 per year. Students awarded a Nursing Student Loan are required to complete an entrance interview every semester they are awarded a nursing loan and an exit interview upon graduation, withdrawal from the college or the Nursing Program or upon dropping below 6 credits. Repayment on the loan begins nine (9) months from the date the student ceases to be enrolled on at least a half time basis. While in repayment, the student will be charged five percent interest on the principal amount of the loan. These monies must be repaid.
MOUNT ALOYSIUS COLLEGE RESIDENTIAL GRANT: - This special grant is awarded to new, full-time freshman students who reside on campus. Students are awarded $1,500 a year during their freshman year and $750 a year during their sophomore year. This grant ends at the conclusion of sophomore year.
MOUNT ALOYSIUS COLLEGE COMMUTER GRANT: - This special grant is awarded to new, full-time freshman students who commute to the college. Students are awarded $1,000 a year during their freshman year and $500 a year during their sophomore year. This grant ends at the conclusion of sophomore year.
MERCY GRANT: - This special grant was established in 2008 to assist students in meeting tuition costs. It is awarded to full-time, freshman students who are Pennsylvania residents. Students are awarded a maximum of $1,000 a year. The Mercy Grant will be given to Pennsylvania State Grant eligible students who do not meet the income requirements for Federal Pell Grant.
FAMILY TUITION GRANT: - The Family Tuition Grant is a special grant awarded to siblings (brothers and sisters) and/or parents who are attending
ALTERNATIVE LOAN PROGRAMS: The alternative loan programs are separate from the Federal Stafford Loan and are used to supplement any federal loans you may receive to finance your college education. Unlike the Federal Stafford Loan program, you may borrow up to the full cost of education minus any other financial aid you receive. These loans usually have much higher interest rates than Stafford Loans and may require a co-signer. They are not guaranteed. As a borrower, it is you and your co-signer's (if applicable) responsibility to compare rates and determine what loan is best for you. Information on alternative loan programs can be obtained by contacting the Financial Aid Office at 814-886-6357 or 1-888-823-2220.
Additional Sources of Funding: