Financial Award Statement

Financial Award Statement -#1

Occupational and Continuing Education


ONC BOCES PN Program
Otsego Area School of Practical Nursing
31 Center Street - 3rd floor
Oneonta, New York 13820
607-431-2562
FAX: 607-431-2563

FINANCIAL AID AWARD STATEMENT

STUDENT:                                PROGRAM: PN                             DATE:                 

SSN:                                                                                                 EFC: 

Congratulations on your admission to the Otsego Area School of Practical Nursing.  We have reviewed your financial aid application for the 2014-2015 academic year and awarded the following assistance, based on the information provided on your Free Application for Federal Student Aid (FAFSA).

                                                          Dependent                    Independent   ___

YEAR

TOTALS $

PELL

$

CLARK FOUNDATION

$

CDO WORKFORCE

$

VESID

$

ROBINSON TERRACE

$

FSEOG

$

                                                                                                                                                  Family Contribution: $               

          From Pell Grant Student Aid: $                

Your Cost of Attendance is calculated as follows for the school year:

Tuition & Deposit

$ 9,500.00

Books:*

800.00

Graduation Fee:

87.00

Uniform/Medical Equipment

360.00

Total:

$ 10,747.00

                                                                                                                                        This cost subject to change pending student receipt and OASPN purchases-Spring semester.

You are eligible to apply for: (These are LOANS THAT MUST BE REPAID)

Subsidized Stafford Direct Loan   $                               PARENT PLUS Loan (Dependent Only) $ _______

Unsubsidized Stafford Direct Loan $                

ACCORDING TO THE FINANCIAL AID CALCULATIONS, YOU WILL HAVE ENOUGH MONEY FROM THE PELL GRANT AND THE STAFFORD DIRECT LOANS TO COVER YOUR COST OF ATTENDANCE.  

IF YOU HAVE ATTENDED COLLEGE AT ANY TIME BEFORE THIS, EVEN IF YOU DID NOT COMPLETE THE COURSES OR OBTAIN A DEGREE, YOU MUST PROVIDE A TRANSCRIPT FROM EACH SCHOOL ATTENDED.  IT MUST BE ON FILE WITH THIS SCHOOL BEFORE ANY FINANCIAL AID CAN BE AWARDED.

I UNDERSTAND THAT THE TOTAL COST AS ABOVE STATED INCLUDES ALL COSTS ASSOCIATED WITH MY ENROLLMENT IN THE CLASS SUCH AS TUITION, TEXTBOOK(S), SUPPLIES AND ALL OTHER FEES.  IF ANY OF THIS INFORMATION IS INCORRECT OR HAS CHANGES, YOUR AWARD MAY BE ADJUSTED.

I UNDERSTAND THAT I MUST NOTIFY MY COORDINATOR IN ADVANCE IF I SHOULD NEED TO MISS A CLASS SESSION AND I UNDERSTAND THAT IF I MISS A SCHEDULED CLASS SESSION FOR ANY CAUSE OR REASON ON MY PART, OF IF AS A SCHEDULED CLASS SESSION IS CANCELLED BY OASPN (ONC BOCES) DUE TO INCLEMENT WEATHER OR OTHER REASONS ON THE PART OF OASPN (ONC BOCES), MY TOTAL COST SHALL NOT BE REDUCED OR ADJUSTED ON ACCOUNT OF SAID REASON(S).

STUDENTS WHO WITHDRAW OR ARE TERMINATED PRIOR TO THE END OF THE TERM (FALL OR SPRING) MAY BE ELIGIBLE FOR A TUITION REFUND ON A PRO-RATED BASIS ACCORDING TO THE NUMBER OF CLOCK HOURS THE STUDENT COMPLETED THAT TERM.  STUDENTS SHOULD NOTIFY THE COORDINATORIN WRITING IF THEY WITHDRAW, IF NOT, THE LAST DAY OF ATTENDANCE WILL BE USED AS THE WITHDRAWAL DATE.  FEES ARE NON-REFUNDABLE.

REFUNDS ARE CALCULATED BASED ON THE NUMBER OF CLOCK HOURS OF ATTENDANCE.  IF THE STUDENT HAS COMPLETED OVER 60% OF THEIR PROGRAM, HE OR SHE HAS EARNED 100% OF ELIGIBILITY.  HOWEVER, THE SCHOOL WILL SEND BACK ANY UNUSED FUNDS. 

IF THE STUDENT LEAVES BEFORE 60% OF THE CLOCK HOURS ARE COMPLETED, THE SCHOOL WILL CALCULATE THE % OF THE DISBURSEMENT EARNED WITH THE FOLLOWING CALCULATION AND WILL SUBMIT ANY RETURN FUNDS WITHIN 45 DAYS OF WITHDRAWAL DATE.

            START DATE: ___/___/______END DATE: ___/___/______

            DATE OF WITHDRAWAL: ___/___/______

           COMPLETED CLOCK HOURS: (A)____________# OF COMPLETED CLOCK HOURS BETWEEN

           START DATE AND WITHDRAWAL DATE

           TOTAL CLOCK HOURS: (B)____________#OF CLOCK HOURS BETWEEN START DATE AND 

           END DATE

          COMPLETED CLOCK HOURS(A)________/TOTAL CLOCK HOURS (B)__________  =

          (C)_____________% OF FUNDS EARNED BY STUDENT

IF THIS PERCENTAGE IS EQUAL TO OR GREATER THAN 60%, NO FURTHER ACTION IS NECESSARY. IF THIS PERCENTAGE IS LESS THAT 60%, PLEASE CONTINUE.AMOUNT OF FUNDS DISBURSED FOR TERM (D) ___________ X % OF FUNDS EARNED © ________% = AMOUNT OF TITLE IV FUNDS EARNED BY STUDENT (E)___________.

TOTAL FUNDS DISBURSED (D)___________ - TOTAL FUNDS EARNED (E) __________ = AMOUNT OF UNEARNED FUNDS TO BE RETURNED (F)_________________

I UNDERSTAND THAT THE ABOVE STATED TOTAL COST OF MY CLASS SHALL BE PAYABLE WITHOUT INTEREST IN MONTHLY INSTALLMENTS IN ACCORDANCE WITH THE ATTACHED PROMISSORY NOTE WHICH I SHALL SIGN AND DATE. 

I AGREE TO PAY THE OTSEGO AREA SCHOOL OF PRACTICAL NURSING, THE TUITION CHARGES AND FEES AS CONTAINED IN MY STUDENT ACCOUNT.  I UNDERSTAND THAT CHARGES NOT COVERED BY FINANCIAL AID ARE MY RESPONSIBILITY AND MUST BE PAID IN FULL BEFORE EACH SEMESTER IN ORDER TO BE ELIGIBLE FOR GRADUATION.  ANY WILLFUL DISHONESTY IN SECURING FINANCIAL AID WILL OBLIGATE THE STUDENT TO REPAY DISALLOWED AWARDS AND MAY RESULT IN FINES, IMPRISONMENT OR BOTH, ACCORDING TO FEDERAL/STATE LAWS.

IF I SHALL DEFAULT IN MAKING ANY PAYMENT(S) DUE HEREUNDER AND IT IS NECESSARY FOR OASPN (ONC BOCES) TO INITIATE LEGAL PROCEEDINGS TO COLLECT FROM ME MONEY DUE IT HEREUNDER, I AGREE THAT IN ADDITION TO THE MONEY DUE HEREUNDER I SHALL ALSO BE OBLIGATED TO PAY OASPN (ONC BOCES), ITS SUCCESSORS OR ASSIGNS, THE REASONABLE ATTORNEYS’ FEE AND ALL OTHER COSTS INCURRED BY OASPN (ONC BOCES), ITS SUCCESSORS AND ASSIGNS, ASSOCIATED WITH SUCH COLLECTION PROCEEDINGS.

PLEASE SIGN BELOW AS AN INDICATION OF ACCEPTANCE OF THE AWARD AND RETURN ONE COPY TO OUR OFFICE.

__________________________________________                   ___________________________

SIGNATURE (indicates receipt of above information)                 Terri Chichester, F.A. Advisor