HONDROS COLLEGE OF NURSING grants

ALUMNI ACHIEVEMENT GRANT

This Alumni Achievement Grant is designed to assist Hondros College of Nursing Alumni as they progress into our Associate Degree in Nursing (ADN) program.

Basic Student Eligibility Requirements:

  1. Eligible students must be graduates of a Hondros College of Nursing program; and
  2. Eligible students must be enrolled in the Hondros College of Nursing ADN program (at any campus).

Awarding Criteria:

  1. Grant amounts are determined based on CGPA*:
     

    Prior to Fall 2018 - Minimum 6 credits & minimum C in all courses

    Award AmountHCN CGPA*
    Up to $5002.50 - 2.74
    Up to $1,0002.75 - 2.99
    Up to $1,5003.00 - 4.00

    BEGINNING WITH FALL 2018

    Award AmountHCN CGPA*
    Up to $5002.75 - 2.99
    Up to $1,0003.00 - 3.49
    Up to $1,5003.50 - 4.00
  2. Awards will be equally distributed per term as follows:
    a. ADN program – over a maximum of 5 (five) terms
  3. ADN students must be enrolled in 6 (six) or more credit hours to be eligible for a disbursement each term; AND
  4. Students must successfully complete all courses with a minimum grade of “C” and a cumulative GPA of 2.5 or better to maintain continued eligibility

*CGPA - Cumulative Grade Point Average

HONDROS COLLEGE OF NURSING INSTITUTIONAL AFFORDABILITY GRANT (IAG)

This Institutional Affordability Grant (IAG) is designed to assist Hondros College of Nursing (the “College”) students that have financial need in order to cover their gap funding, i.e., the difference between total cost of tuition and fees (direct) less the amount of all eligible financial aid resources. The IAG will be applied quarterly to a student’s ledger. The IAG is
for students with the most significant financial need.

Basic Student Eligibility Requirements:

  1. Eligible students must be currently enrolled in a Hondros College of Nursing program;
  2. Eligible students must be eligible for the Federal Pell Grant (regardless of amount) and otherwise be eligible for Title IV financial aid programs;
  3. Eligible students must file a FAFSA each year by the deadline and meet verification deadlines, if any;
  4. Eligible students must make required monthly on-time payments to the College; and
  5. Eligible students must have exhausted all other eligible financial aid resources (e.g., WIA, employer tuition reimbursement, veterans’ affairs benefits, etc.)

Awarding Criteria

Grant amounts are determined based on financial need.

Award AmountHCN IAG
Up to $600.00 per academic termPractical Nursing Program –IAG award is up to a maximum of $200.00 per month/$600.00 per academic term/$2,400.00 for the program.
Up to $600.00 per academic termAssociate Degree in Nursing Program –IAG award is up to a maximum of $200.00 per month/$600.00 per academic term/$3,000.00 for the program.

Example of potential IAG awards:

Practical Nursing Program

  1. Student has a program gap of $4,500.00. Monthly payments are $375.00 ($4,500.00/12 months (program length)). IAG award is $175.00 per month for 12 months=$2,100.00. Revised student payment is $200.00 per month.
  2. Student has a program gap of $4,800.00. Monthly payments are $400.00 ($4,800.00/12 months (program length)). IAG award is $200.00 per month for 12 months=$2,400 (maximum IAG award). Revised payment amount is $200 per month.

Associate Degree in Nursing Program

  1. Student has a program gap of $3,750.00. Monthly payments are $250.00 ($3,750.00/15 months program length)). IAG award is $50.00 per month for 15 months=$750.00. Revised payment amount is $200.00 per month.
  2. Student has a program gap of $6,000.00. Monthly payments are $400.00 ($6,000.00/12 months (program length)). IAG award is $200.00 per month for 15 months=$3,000 (maximum IAG award). Revised payment amount is $200.00 per month.