Students must complete the FAFSA® annually to be considered for financial aid eligibility. The FAFSA® serves as the application for all federal, state, and institutional financial aid at HCN and, generally, must be completed online at FSA’s website, www.studentaid.gov.
For the 2022-23 FAFSA®, filers had the option to enter their tax information manually on the form or use the IRS Data Retrieval Tool. Beginning with 2024-25, all persons, now known as contributors, on the FAFSA must provide consent for the U.S. Department of Education to receive tax information or confirmation of non-filing status directly from the IRS using the IRS Direct Data Exchange (DDX). Denial of consent will result in FSA rejecting the application and the applicant will not be eligible for federal student aid until all required contributors provide consent.
Contributor is a new term used by FSA for the 2024-25 FAFSA®. It refers to anyone asked to provide information on a student's FAFSA®. A contributor could be the student, the student’s spouse, a biological or adoptive parent, or the parent’s spouse (stepparent).
All students and their required contributors must create an FSA ID at www.studentaid.gov to complete a FAFSA form online. The FSA ID will be used to login to the FAFSA site and apply for aid consideration. To create an FSA ID, a Social Security Number (SSN), full legal name, and date of birth will be required. If a contributor does not have a social security number, they still can get a FSA ID using their Individual Tax Identification Number (ITIN) to fill out their portion of the FAFSA®.
The FSA ID will be used to file the FAFSA®, be used as the applicant’s electronic signature, and be used to access the FSA site.
Signing the FAFSA® through an electronic signature is recommended. In order to sign electronically, the student (and parent if applicable) must apply for a FSA ID
The information provided on and through the FAFSA® is used to determine the index (Expected Family Contribution (EFC) for those applying for 2023-24; Student Aid Index (SAI) for those applying for 2024-25). After the FAFSA® has been processed, the student will receive a Student Aid Report (SAR) if filing for 2023-24 or a FAFSA® Submission Summary (FSS) if filing for 2024-25. The student and/or their contributors must review their SAR or FSS for accuracy and update FAFSA® with any necessary corrections. Financial need is determined by subtracting the EFC/SAI and other financial assistance from the Cost of Attendance (COA). Do note, COA is an estimate of a student's educational expenses for a 9-month, 36 quarter credit hour basis, full-time enrollment intensity or status, applicable program of study, and housing status. The Higher Education Act of 1965, as amended, defines COA components for all federal student aid programs. These components include direct costs that the student will be charged directly by the College to the student such as tuition and fees, as well as indirect costs not directly charged by the college, but should be budgeted for by the student, such as food and housing.
The EFC/SAI is the foundation for all financial aid awards. Students with a valid FAFSA® on file and a complete HCN Online Student Financial Aid Portal will be awarded maximum eligibility in accordance with all governing rules and regulations. Students may view their aid awards through the HCN Online Student Financial Aid Portal. Student aid is disbursed quarterly. Students must complete all requested and required steps/paperwork prior to disbursement.
Financial need is based on the following formula:
Cost of Attendance (Direct Costs + Indirect Costs) - Expected Family Contribution (EFC) = Financial Need
- Direct Costs are tuition, fees, books and supplies.
- Indirect Costs are transportation, personal expenses, housing and food.
- Expected Family Contribution (EFC) is determined by a federally defined formula using information you provide on your Free Application for Federal Student Aid (FAFSA®).
Financial need is based on the following formula:
Cost of Attendance (Direct Costs + Indirect Costs) - Student Aid Index (SAI) = Financial Need
- Direct Costs are tuition, fees, books and supplies.
- Indirect Costs are transportation, personal expenses, housing and food.
- Student Aid Index (SAI) is determined by a federally defined formula using information you provide on your Free Application for Federal Student Aid (FAFSA®).
Cost of Attendance
Cost of Attendance (COA) is established for use in determining Federal Student Aid eligibility. The COA below is an estimate of a student’s educational expenses for a 9-month, 36 quarter credit hour basis, full-time enrollment status, applicable program of study, and housing status. It does not represent the cost of the overall program nor when charges are applied.
Cost of Attendance will vary depending on your program of study, credit hour enrollment, and housing status. Students are not allowed to receive aid that exceeds their COA. It is important to budget wisely and make responsible borrowing decisions. Please email [email protected]<> for COA information for enrollment other than full-time.
Practical Nursing Student: 2023-24 Award Year
Independent**, Off-Campus | |
| Tuition (36 credit hours)* | $13,860.00 |
| Fees* | $957.60 |
| Books, Supplies, & Course Materials | $2,524.32 |
| Food & Housing (Living Expenses) | $9,891.00 |
| Miscellaneous Personal Expenses | $3,114.00 |
| Transportation | $2,079.00 |
| Total | $32,425.92 |
Dependent** with Parent or Military Housing | |
| Tuition (36 credit hours)* | $13,860.00 |
| Fees* | $957.60 |
| Books, Supplies, & Course Materials | $2,524.32 |
| Food & Housing (Living Expenses) | $4950.00 |
| Miscellaneous Personal Expenses | $3,114.00 |
| Transportation | $2,079.00 |
| Total | $27,484.92 |
*PN Students attending the Indianapolis Campus must add an additional Tuition & Fees charge of $411.60 and an additional $5.09 in Books & Supplies.
** As Determined by the United States Department of Education, Office of Federal Student Aid, Free Application for Federal Student Aid (FAFSA).
Associate Degree Nursing Student (ADN): 2023-24 Award Year
Independent**, Off-Campus | |
| Tuition (36 credit hours)* | $15,984.00 |
| Fees* | $1,101.96 |
| Books, Supplies, & Course Materials | $2,685.24 |
| Food & Housing (Living Expenses) | $9,891.00 |
| Miscellaneous Personal Expenses | $3,114.00 |
| Transportation | $2,079.00 |
| Total | $34,855.20 |
Dependent** with Parent or Military Housing | |
| Tuition (36 credit hours)* | $15,984.00 |
| Fees* | $1,101.96 |
| Books, Supplies, & Course Materials | $2,685.24 |
| Food & Housing (Living Expenses) | $4,950.00 |
| Miscellaneous Personal Expenses | $3,114.00 |
| Transportation | $2,079.00 |
| Total | $29.914.20 |
** As Determined by the United States Department of Education, Office of Federal Student Aid, Free Application for Federal Student Aid (FAFSA).
Net Price Calculator (NPC)
HCN’s Net Price Calculator provides an early estimate of:
- The expected cost to attend HCN, and
- How much financial aid you may qualify for.
Note: The NPC is a very valuable financial planning tool. The NPC is an estimation tool not an application for admission or an application for financial aid.
Dependency Status
The Federal Government has established how dependency status is determined for Federal Financial Aid purposes. If a student is considered a dependent, his or her parents’, also known as contributors, must provide income and asset information on the FAFSA®. If a student is unsure who their parent is, the online 2024-25 FAFSA® will provide a “Who’s My Parent” wizard to help determine which parent or parents (contributors) will need to provide information on the FAFSA® form. This information will be used in addition to the student’s income and asset information to determine the previously mentioned index (EFC/SAI).
Verification
The federal government requires some federal student aid applicants to verify the accuracy of information provided on and through the FAFSA®. In accordance with federal requirements, Hondros College of Nursing requires students to submit verification documents prior to disbursement of funds. Students and their contributors may be required to submit a verification worksheet, federal tax return transcripts and additional information necessary to complete verification or clear conflicting information.
If information on any documents is found to be conflicting, students may, likewise, be selected for verification by the College and required to provide additional information. Failure to complete verification may result in a loss of financial aid eligibility. All verification documentation must be submitted prior to the student's last day of their academic year.
If Hondros College of Nursing suspects that an individual falsified information and/or altered documentation and fraudulently obtained federal funds, Hondros College of Nursing is legally obligated to file a report with the Office of the Inspector General and/or local law enforcement officials.
Professional Judgement
Based upon the receipt and review of specific documentation, financial aid may exercise Professional Judgement and make adjustments that effect student’s financial aid eligibility. Professional Judgement is the ability of financial aid to make adjustments to a student’s aid eligibility on a case by case basis. The adjustments may be made to the cost of attendance, to a data element required to calculate the student’s expected family contribution (EFC) or to dependency status.
All professional judgment requests require a Special Circumstance form and supporting documentation. Please contact your campus financial aid representative for additional information.