Our primary sources of financial aid are the following federal programs:
Federal Pell Grant
This grant is administered directly by the Federal Department of Education to eligible students who are attending SH/BHSN and who are enrolled in at least a 195-clock hours. The amount of the award is based upon the student’s eligibility for financial aid, the cost of the school attendance, and the monies available nationally for this program. Students apply for a Pell Grant through submission of the FAFSA.
Federal Direct Subsidized Stafford Loan
This program enables students who are enrolled on at least a half-time basis to borrow funds under a program regulated by the U.S. Department of Education. Repayment begins six months after the student graduates, leaves school or drops below at least half-time attendance. Students who wish to apply must file a FAFSA and SH/BHSN Financial Aid application, which is available at the Financial Aid Office. Eligibility is determined on the basis of the FAFSA analysis.
Generally, the maximum loan amount for
Day student is: YEAR 1 $3,500 YEAR 2 $4,500
Evening student is: YEARS 1&2 $3,500 YEARS 3&4 $4,500
A student has up to ten years to repay this loan and may repay at any time without penalty.
Federal Direct Unsubsidized Stafford Loan
This program is for independent and dependent students with an increase for dependent students whose parents cannot borrow under the Federal Direct PLUS program. This is a non-need based loan program. Repayment begins six months after the student graduates, leaves school or drops below at least half-time attendance. Interest on this loan will be charged from the time the loan is disbursed until the loan is repaid in full. The Direct Unsubsidized Stafford loan provided an option to make interest only payments while in school or to allow the interest to accumulate on to the principal amount. The total amount an eligible student may borrow at SH/BHSN for an academic year is the Direct Subsidized Stafford limit plus up to $6000 in Unsubsidized Loans not to exceed the total cost of attendance.
Federal Direct PLUS Loan
This program is for parents of dependent students who may not qualify for sufficient need-based financial aid to cover the cost of attendance. The maximum amount borrowed cannot exceed the cost of education minus other financial aid/resources. The repayment length is 10 years. Eligibility is not based on financial need; however demonstration of creditworthiness is required.
The following state programs may be available:
MASS Grant Program
The Commonwealth of Massachusetts makes the General Massachusetts State Grant available to full-time students (12 credits) who are residents of the Commonwealth. Filing the FAFSA makes an application with the State and must be completed by May 1st. Students are issued award notifications directly from the Commonwealth of Massachusetts but the school must verify and certify student eligibility. Students from other states should check with their state scholarship office for deadlines and eligibility criteria.
Massachusetts Part-Time Grant
The Commonwealth of Massachusetts allocates specific funds to Signature Healthcare Brockton Hospital School of Nursing each year for part-time students. This grant is awarded at the Financial Aid Director’s discretion to residents of this state without a prior bachelor’s degree. A student must be enrolled in a least six but fewer than twelve credits per semester in an eligible degree program or certificate program.
Massachusetts Gilbert Grant
The Commonwealth of Massachusetts allocates specific funds to Signature Healthcare Brockton Hospital School of Nursing each year for full-time students. This grant is awarded at the Financial Aid Director’s discretion to residents of this state without a prior bachelor’s degree. Students must demonstrate financial need. A student must be enrolled in a least twelve credits per semester in an eligible degree program or certificate program.
Some students use Alternative private loans to help with the cost of attendance. Eligibility is not based on financial need; however demonstration of adequate credit capacity and ability to repay the loan is required. Repayment may begin while the student is still enrolled or in some cases may be deferred until graduation. The maximum amount in alternative loans cannot exceed the cost of attendance minus other resources (grants/loans) for the same academic year. Examples include: