The Lawrence Memorial / Regis College Nursing Program offers a number of financial aid programs to help students meet their educational costs. Financial aid programs are designed to assist students who desire to attend nursing school but require assistance in meeting their educational costs. Financial need will be met according to each student’s financial need determination and the availability of financial aid resources.

The Financial Aid Handbook, given to every student, includes details of the financial aid opportunities and programs administered through the program. Questions regarding financial aid programs and opportunities may be directed to the Financial Aid Coordinator, Medford campus.  Comparative school and financial aid information can be found on the College Navigator site.  Using the Net Price Calculator, prospective students can estimate the amount of loans that may be available.
 

Student Eligibility

In order to be eligible for any type of financial aid, an applicant must:

• be enrolled as a regular student in an eligible program
• be a U.S. citizen or an eligible non- citizen
• demonstrate financial need, except in the Federal Parents’ Loans to Undergraduate Students (FPLUS) and Unsubsidized Stafford Loan programs
• maintain satisfactory academic progress as defined in the Financial Aid Handbook
• not be in default on any student loan
• not owe a refund on a grant received under the Federal Pell Grant or Federal Supplemental Educational Opportunity Grant (FSEOG)
• sign a statement of educational purpose stating that financial aid funds will only be used for expenses related to attending school
• be enrolled at least half-time to receive aid from the FPLUS and the Federal Stafford Loans (both Subsidized and Unsubsidized)

Application for Financial Aid

Students seeking financial assistance are required to submit the Free Application for Federal Student Aid (FAFSA) to Mt. Vernon, Illinois according to the directions on the form. The institutional code for the program is 006331. The information on the FAFSA establishes the student’s eligibility for financial aid. After the FAFSA is processed, the student receives a Student Aid Report. In order to apply for financial aid at Lawrence Memorial/Regis College, the student must also submit the following forms to the Financial Aid Office:

• Lawrence Memorial/Regis College Financial Aid Application
• Copies of U. S. Federal Income Tax forms of students and parents or spouse

Financial Aid Programs

Financial Aid is available through grants, scholarships, loans and employment. The following financial aid programs are available.

Government Grants and Scholarships

Awards that do not need to be repaid:

• Lawrence Memorial/Regis College Grants
• Federal Pell Grants
• Federal Supplemental Educational Opportunity Grants (FSEOG)
• Massachusetts Part-Time Grants
• Massachusetts Performance Bonus
• Massachusetts Gilbert Matching Scholarship Grant Program (MSGP)
• Academic Competitiveness Grant (ACG)
• Massachusetts Grants

Institutional Grants and Scholarships

• Lawrence Memorial/Regis College 
• Numerous private scholarships available through the LMRC financial aid office

Loans

Borrowed money that must be repaid with interest

• Federal Perkins Loan
• Federal Stafford Loan (Subsidized, Unsubsidized and Additional Unsubsidized)
• Federal Parents’ Loan to Undergraduate Students (FPLUS)
• Nursing Student Loans

Federal Work Study

Federal Work Study: This need-based program provides an opportunity for students to earn a portion of their school expenses through part-time employment at the school, hospital, or selected community agencies. Many positions are available and full descriptions of each are available from the Financial Aid Coordinator.

Opportunities for student employment (non-need based) may also be available at the Hallmark Health facilities. An application can be submitted to the Human Resources Department at any of the facilities.