RN-BSN Completion Program through University Alliance
Students pursuing the RN-BSN program at Villanova University through our partnership with University Alliance may be eligible for Federal Title IV Student Aid to assist in financing their bachelor’s degree. Please see the University Alliance website for more information about the online RN-BSN program and how to apply for admission.
*Registered Nurses interested in attending and learning about the campus-based BSN-MSN Gateway program can find information about the program and admission from here and information about financial aid for our campus-based part-time students here.
Financial Aid Overview
Matriculated students in an undergraduate degree-seeking program may be eligible for the following types of Federal Student Aid:
Federal Pell Grant: A Federal Grant for students enrolled in their first bachelor’s degree who demonstrate exceptional financial need.
Federal Direct Subsidized Loan: A federal education loan available to students who demonstrate financial need and who enroll on at least a half-time basis in an undergraduate program.
Federal Direct Unsubsidized Loan: A federal education loan available to students who enroll on at least a half-time basis in an undergraduate program. Not based on financial need.
Federal Direct PLUS Loan: A credit-worthy loan for the parent or legal guardian of a dependent undergraduate student, who has borrowed the maximum amount of Direct Loan assistance. The loan is available regardless of the level of financial need.
State Grants: Certain states allow residents to take their state grants into Pennsylvania for study at Villanova University. Students are responsible for checking with the respective State Higher Education Agency as to the correct application necessary for state grant consideration, and whether their state awards grants to students enrolled in distance learning. **The Pennsylvania State Grant Program does not apply to students enrolled in distance learning programs, and so PA residents enrolled in the online RN-BSN program will not be eligible for the Pennsylvania State Grant.
Please note that students in the RN-BSN online program are not eligible for Villanova University Grant assistance.
The Financial Aid Process
To apply for financial aid for the 2013-2014 academic year, a student will need to do the following:
Complete a 2013-2014 FAFSA online at www.fafsa.gov with Villanova’s school code 003388.
Complete a Borrower’s Authorization Statement and submit to the Office of Financial Assistance.
**If a student has been selected for the verification process after completing the FAFSA, please note that additional documentation will need to be submitted to the Office of Financial Assistance. For information on what documents are required, please review the financial aid requirements listed in the myNova portal.
After reviewing your FAFSA information, matriculation status, and enrollment, the Office of Financial Assistance will notify you of your Federal Student Aid eligibility by sending an email to your Villanova University email account. The email will include instructions on how to view your awards in the myNOVA student portal.
If Direct Subsidized/Unsubsidized Loans have been awarded, there are two requirements students need to complete in order for the loan funds to disburse:
- Complete an Entrance Interview at www.studentloans.gov
- Sign a Master Promissory Note for the Direct Loans at www.studentloans.gov
Villanova University will be notified automatically once both requirements are complete.
Disbursement of Financial Aid
Federal Student Aid funds are required to pay directly to students’ Villanova University accounts in equal disbursement amounts. The disbursement date is set after the add/drop period has ended.
Please note that for the RN-BSN Completion program, students will need to be enrolled in at least 6 credits to be eligible for "half-time" status and Federal Direct Loans. "Half-time" status is defined accordingly:
- MUST be enrolled in 6 credits for Session I of the semester OR
- MUST be enrolled in 6 credits for Session II of the semester OR
- MUST be enrolled in 3 credits for Session I and 3 credits for Session II for the semester**
**For this option, students must be enrolled in all 6 credits at the start of Session I in order to receive Federal Direct Loan disbursement. Otherwise, the Federal Direct Loan will not disburse.
A student may not combine credits from another semester's session or term to qualify for half-time status. For example, a student who enrolls in Summer Session II for 3 credits and then Fall Session I for 3 credits cannot combine those terms for half-time status and Federal Direct Loan eligibility. The student in this scenario would be considered less than half-time.
Once federal financial aid has disbursed at Villanova, the Office of Financial Assistance will conduct a review of the student’s financial aid award. This review ensures the cost of attendance matches the student’s original plan of enrollment, and that any outside sources of aid, tuition discount, or employer reimbursement, etc. have been included as resources for the student. The Office of Financial Assistance also reviews to ensure the student is enrolled for the specific term the grant and/or loan disbursement was received.
Remitting payment to University Alliance and Refunding Loan Disbursements
University Alliances manages the billing of charges for the RN-BSN online program. Any billing inquiries should be sent directly to University Alliance. Students who receive Federal Student Aid funds or a private education loan will be able to view their disbursement of financial aid through the myNova student portal; ALL financial aid disburses directly to Villanova University.
Each term, Villanova University will send the financial aid disbursement directly to University Alliance for tuition and/or book charges. If a credit balance remains after the full tuition and book charges are paid for each term, then a student will receive a refund from the Bursar’s Office at Villanova. If a student still has a remaining balance with University Alliance after the full financial aid disbursement has been remitted for a term, then the student will need to seek additional payment arrangements to cover the remaining charges (such as applying for a Direct PLUS loan, a private loan etc.). Students should contact their Student Services Representative at 1-800-280-9718 or via email at firstname.lastname@example.org.
Upon the registration of courses, students will receive an order from University Alliance via email detailing their tuition and/or book charges for that term. Questions about the billing process should be directed to the Student Services Representative at University Alliance at 1-888-622-7344, ext. 4322 or via email at email@example.com. Please note that if a student is not utilizing financial aid, all payment arrangements need to be made directly with University Alliance.
A student first enrolls in the RN-BSN online program during the Summer II session, which for the 2013-2014 academic year runs from July 5, 2013 through August 28, 2013. The student submits a 2013-2014 FAFSA and completes an entrance interview and Master Promissory Note for the Direct Loans:
- The Office of Financial Assistance will automatically award the maximum Direct Subsidized/Unsubsidized loans for the full academic year, which in this case will be for Summer II through Spring II terms, in accordance with the student’s grade level. If the student is eligible for a Federal Pell Grant, this will also be automatically applied.
- Disbursements will be scheduled to pay after the add/drop period for each term.
- After enrollment and outside sources of aid are confirmed, Villanova University will send disbursement funds directly to University Alliance for tuition and/or book charges.
- Any remaining amount from the total federal financial aid disbursement will be sent directly to the student in the form of a refund check or via direct deposit if the student has provided banking information through the e-refund sign-up in myNOVA.
- If a balance still exists for the term after the full federal financial aid disbursement has been remitted to University Alliance by Villanova, the student will need to seek additional funding.
Satisfactory Academic Progress Policy
To maintain financial aid from year to year, students must meet Satisfactory Academic Progress, or “SAP.” SAP is reviewed annually at the end of the Spring II term. For the full policy, please click here.
Withdrawing and Return of Title IV Aid
If a student withdraws from the University has utilized Federal Title IV funds during the term in which they withdraw, the University will observe the federally mandated process in determining what amount of money, if any, must be returned to the federal program.