Policies and Forms

All financial aid awards, unless
otherwise specified, are:

  • granted for one academic year with annual reapplication necessary by filing the FAFSA form by March 15;
  • disbursed on a term-by-term basis;
  • credited to a student's account after all paperwork is completed and received by the Office of Student Financial Services.

To continue receiving aid each term, including Mercyhurst College scholarships and grants, a student must:

  • remain registered for no less than eight (8) billable academic credits;
  • remain registered for no less than six (6) billable academic credits to receive federal and state financial aid (including Federal Stafford Loans);
  • meet specific minimal academic standards (academic progress, see back cover);
  • be in a degree program; and
  • fulfill all stipulated conditions of specific Mercyhurst scholarships or grants.

Students and their families are required to immediately report any changes in:

  • a student's academic status;
  • housing status;
  • receipt of an outside scholarship or other awards; and
  • the number of family members attending a college in 2006-2007.

The financial aid award shall be void if:

  • you are in default on Federal Perkins, Stafford or National Direct Loans;
  • you owe a repayment on any Title IV federal student aid funds received previously;
  • you do not report changes listed above to the Office of Student Financial Services;
  • incorrect information is revealed on the FAFSA; and/or
  • intentionally false statements or misrepresentation on any financial aid application materials may subject the student to fines or imprisonment, or both, under provisions of the U.S. criminal code.

Forms