Financial Aid Information

How to Apply

To apply for financial aid, students complete the Free Application for Federal Student Aid (FAFSA). By completing the required FAFSA, students may be considered for federal, state, and Labouré College of Healthcare financial aid. The quickest and easiest way to apply is online at https://studentaid.gov/sa/fafsa. 

To fully utilize the online application, students (and their parents, if relevant) may obtain Federal Student Aid (FSA) usernames and passwords from the US Department of Education to sign in and then complete the FAFSA application electronically. Students can obtain FSA usernames at https://fsaid.ed.gov.

If students do not have internet access at home, they may use the college library or computer lab. Students may also make an appointment with the Department of Financial Aid for assistance with completing the FAFSA. Students will be asked to provide Labouré’s Federal School Code (006324) when completing the FAFSA. Students should read all instructions carefully and answer questions accurately. Students should respond in a timely manner to requests for information by the Department of Financial Aid. Students may be required to submit verification forms, copies of their federal tax return transcripts from the IRS, and other information. The Department of Financial Aid will notify students via the student’s Labouré College of Healthcare email, or for prospective students, the email address provided on the FAFSA, if they are required to supply further verification or if they have been awarded financial aid.

Financial aid status can also be viewed on the financial aid website: https://financialaid.laboure.edu. This site can be used to view and download any missing documentation as well as to view, modify, and accept financial aid awards.

Adjustment of Financial Aid

All financial aid awards from Labouré College of Healthcare are based on information provided by the applicant and are subject to review and revisions and/or cancelations due to changes in federal, state, or institutional regulations or policies, changes to the applicant's expected family contribution (EFC), receipt of additional financial aid, receipt of VA educational benefits, or an error made in the calculation of eligibility or calculation of any award by the college or donor. Labouré College of Healthcare reserves the right to correct clerical or computational errors that may result in an over award or under award. 

Labouré College of Healthcare reserves the right to review, adjust, or cancel awards at any time because of changes in a student's financial, academic status, academic program, enrollment status (full-time to part-time), or student's code of conduct violations, or if the student fails to meet the requirements of the college's Satisfactory Academic Progress Policy. Awards are contingent upon actual receipt and verification of funds by Labouré College of Healthcare. If adjustments are made to the college's federal and/or state allocations, the college reserves the right to adjust individual institutional aid awards at the beginning of each semester, as necessary. All students' financial aid awards, including college institutional aid, are contingent on the availability of funds. The Department of Financial Aid reserves the right to review and cancel awards at any time. 

Students receiving outside assistance must notify the Department of Financial Aid. At no time can total assistance (including scholarships and loans from outside agencies) exceed the cost of attendance. 

Deadlines

The priority deadline is May 1 for fall semester financial aid, November 1 for spring semester financial aid, and April 1 for summer semester financial aid. Students are required to meet these deadlines to receive maximum consideration for all types of financial aid. Students may complete the FAFSA after the semester priority deadline, but they will be considered for financial aid on a funds-available basis. All students are strongly encouraged to complete the FAFSA by the priority deadline.

Financial Aid and Satisfactory Academic Progress (SAP)

Note: Satisfactory Academic Progress has impacts to both Financial Aid and Academics. The following is the Financial Aid Satisfactory Academic Progress Policy. To view the Office of Academic and Student Affairs policy on Satisfactory Academic Progress, please click here. 

Financial Aid and Satisfactory Academic Progress (SAP)

The U.S. Department of Education requires that all students who receive financial aid make satisfactory academic progress toward completion of their programs of study. Satisfactory Academic Progress (SAP) is the measure of a student's overall academic progress. Labouré College of Healthcare has developed the following policy to comply with the federal regulations and standards. Students who do not meet these standards may not receive financial aid, including loans. 

A student's entire academic history is reviewed for the purposes of determining SAP, including credits not paid for by financial aid. For all students, progress is reviewed at the end of each academic semester after grades have been submitted. There are Three Standards for financial aid SAP. All three must be met to be considered in good academic standing. 

Standard 1 Qualitative: Cumulative Grade Point Average (GPA)
Students must maintain a minimum cumulative GPA of 2.0 after each semester enrolled.

Standard 2 Quantitative: Completion Rate
Students must complete successfully a minimum of 67 percent of all courses attempted. The pace at which a student progresses through a program is calculated by dividing the total number of hours the student has successfully completed by the total number of credits attempted. General rounding rules apply. 

Example #1: A student who has attempted three (3) courses, two 3-credit courses and one 4-credit course (total of 10 credits) must successfully complete at least 7 credits (a 3-credit and a 4-credit course) of the 10 credits, (7 credits divided by 10 = 70%). This student would meet this standard. 

Example #2: A student who has attempted three (3) 3-credit courses (total of 9 credits) must successfully complete two courses to meet this standard. If the student completed two courses, then the student would meet the SAP standard, as 6 credits divided by 9 credits = 66.66%, which is rounded to 67%). 

Example #3: A student who has attempted two (2) 3-credit courses (total of 6 credits) must successfully complete all courses to meet this standard. If the student completed one course, the student would not meet the SAP standard, as 3 credits divided by 6 credits = 50%, which is below the 67% threshold. 

Attempted and Incomplete Credits
All credits for which a student has registered are considered attempted credits whether or not the course is completed. Repeated courses as well as grades of F, course withdrawals (W, WP, WF), and courses that are not completed (I) at the end of each semester are included as attempted but not completed. Incomplete grades converted to passing grades will be recalculated at the end of the following semester. 

Repeated Credits
These credits are included in the calculation for both attempted and earned credits. If a student retakes a course for which they have already earned credit (passed the course), then they may only receive aid to cover the repeated course once. 

Transfer Credits
Credits from other colleges that were accepted by Labouré College of Healthcare are counted as attempted and earned. 

Standard 3 Maximum Timeframe: 150% Rule
Students must complete their programs in no more than 150% of the published length of the educational program. Students who do not complete a program within this timeframe are no longer eligible to receive financial aid. Up to thirty developmental credits are exempt from this requirement. 

Example #4: The Associate of Science of Nursing program is 71 credits. 150% of 71 is 106.5. ASN students cannot take more than 106 credits while obtaining their degree. 

Transfer Credits
All transfer credits that have been or could be applied to the student's current program of study are considered when calculating the maximum timeframe requirements for the program. 

Program Changes
All earned and attempted credits (including grades of F, W, WP, WF, I, and repeats) that have been or could be applied to the new program of study are considered when calculating the maximum timeframe requirements for the new program.

Grad/Re-Admit
All earned credits that have been applied to the new program of study are considered when calculating the maximum timeframe requirements for the new program. This includes any new transfer credits accepted at the time of readmission. 

SAP Review Status

A student's SAP status is updated at the end of each semester based on the following standards: 

Good Standing
Students who have met all 3 standards outlined above will be in Good Standing with financial aid.

Financial Aid Warning
Any student in a degree or certificate program who does not meet Standards 1 and/or 2 for the first time is formally placed on warning. A student will be notified via their college student email informing him or her of the warning. 

Students who are placed on warning are eligible to receive financial aid during the next semester. At the end of the warning period, the following action will occur: 

• A student is removed from warning if the student meets all SAP standards, or
• A student is placed on suspension if, after the warning period, the student is not meeting all SAP standards

Financial Aid Suspension
If SAP standards are not met after the warning period, then the student is placed on financial aid suspension. A student placed on suspension is no longer eligible to receive any form of financial aid. A student will be notified via their college student email account and by mail of their suspension. 

Additionally, students who are placed on suspension for failing to complete their program within 150% of the published program length will receive a letter in the mail and an email informing them of their status. 

Financial aid eligibility can be reinstated if the student either: 

• Enrolls in and pays for courses raising their GPA and/or completion rate to meet the required SAP standards, or
• Successfully appeals the suspension status

Appeal

A student has the right to appeal a financial aid suspension due to mitigating circumstances such as, but not limited to, illness, military service, or a previously undiagnosed learning disability. The following must be completed and submitted to the Welcome Center: 

• Student must meet with an Academic Advisor
• Appeals must be submitted in writing using the Satisfactory Academic Progress Appeal Form. The form must be reviewed and signed by the student and an Academic Advisor.
• Documentation verifying the special circumstances (e.g., doctor's letter, third-party letter)
• An Academic Progress Plan must be developed with an academic counselor. The plan must work to get the student back in good standing. 

The Appeal Committee considers all appeals. Notification of the decision is sent to the student's college email account and by mail. The student receives the notification within two (2) weeks of the date the appeal is received or after the semester's final grades have been posted. If the appeal is granted, the student is placed on probation, and the student is eligible to receive aid for the appealed semester. At the end of the appeal semester, the student's academic progress is reviewed. If the conditions of the appeal are not met, the student is no longer eligible to receive financial aid. If the conditions of the appeal are met, the student continues to be eligible for aid. However, the conditions of the appeal are reviewed each semester until the student is making SAP. 

Normally, students who are granted an appeal and placed in a probation status are allowed to enroll in fewer than 12 credits the following semester. Students who wish to take more than the recommended number of credits must appeal the recommendation to the Director of Financial Aid. 

Discussing Financial Aid

While students are not required to make appointments during open office hours, the Department of Financial Aid strongly urges students to do so. To schedule appointments, contact the Welcome Center at 617-322-3517, or email Financial Aid directly at financialaid@laboure.edu. 

Labouré College of Healthcare Financial Aid

The FAFSA should be completed to receive consideration for any financial aid. Labouré's FAFSA code is 006324.

At Labouré College of Healthcare, there are four basic types of aid, including scholarships, grants, loans, and work-study employment. Since many students are eligible for several types of assistance, the Department of Financial Aid usually offers a combination of these in a financial aid package. 

Financial aid can be merit-based (awarded on the basis of standards such as academic achievement) or need-based (awarded on the basis of financial need as determined by the FAFSA). Most scholarships are merit-based, while grants, loans, and work-study are generally need-based.

Scholarships are based on academic merit or talent criteria and, in some cases, financial need. These awards do not have to be repaid and are most often renewable. Students are considered for scholarships upon acceptance to the college.

Grants are based on need and do not have to be repaid. When awarding policies and funds permit, the financial aid package includes grant funds. Federal Pell Grants are based on exceptional need. They are awarded to first-degree undergraduate students who are citizens or eligible non-citizens. The maximum Pell Grant award is $6,495 for the 2021-2022 award year. Students who file the FAFSA are automatically considered for a Pell Grant. Eligibility is determined by the federal government. Award amounts depend on a student's Estimated Family Contribution (EFC) and whether enrollment is full-time or below. 

Loans allow students to postpone paying some of the costs of their education until they have completed school. A financial aid offer generally includes a long-term, low-interest loan. Borrowers must realize their commitment and responsibility to repay according to repayment schedules. Before accepting a loan, students should assess their total educational debt and ability to repay after graduation. Eligibility is based on a minimum enrollment of 6 credits per semester. 

Federal Work-Study Program (FWS) is intended to stimulate and promote part-time student employment and is awarded based on the FAFSA. Awarding FWS does not guarantee a student a job on campus. The Department of Financial Aid publishes campus positions and students must apply directly through the online portal. Students employed through FWS provide essential services to the college community, and have the opportunity to hold jobs that may relate to their educational objectives or enable them to gain valuable work experience. 

Scholarships

Students are responsible for completing the necessary paperwork for any college scholarships. For questions regarding this process, contact the Welcome Center at (617) 322-3517 or email Financial Aid directly at financialaid@laboure.edu. 

Alumni Tuition Benefit

Associate degree graduates of the college who return to complete an additional associate degree receive a scholarship for 50% of the cost of required courses. This benefit cannot be combined with any other scholarship or discount. 

Catholic High School Scholarship

This scholarship is awarded to four Catholic high school graduates each year. It covers 25% of the cost of all courses in a student’s chosen associate degree program. Generally, the student has to enter Labouré in the fall semester following graduation from high school. In addition to completion of the FAFSA, there is a separate application for this scholarship. The scholarship cannot be combined with any other Labouré College of Healthcare scholarship, and the scholarship can only be applied once per course. The scholarship may be discontinued if you stop attending. If you are planning on taking a semester off, please make sure you notify the Department of Financial Aid. This scholarship cannot be combined with any other scholarship or discount. 

Labouré College of Healthcare Scholarship for Steward Health Care Employees

Students in degree or certificate programs who work at least 16 hours per week at a Steward Health Care facility receive a scholarship for 25% of the cost of their courses. Degree students who work between 8 and 15 hours each week receive a scholarship for 10% of the cost of their courses. Verification of employment is required. This scholarship cannot be combined with any other scholarship or discount. The Scholarship for Steward Health Care Employees applies to students in the ASN, RTT, and NDT programs only. 

Retention Scholarship

Students who have completed 24 credits toward their current program, possess a GPA of 2.5 or higher, and demonstrate exceptional financial need may be eligible for a retention scholarship. Applications are available online via the my.laboure.edu student website, or in person at the Welcome Center. Limited funding is available for this scholarship. Applications are due by August 1 for the fall semester, by December 1 for the spring semester, and by April 1 for the summer semester.

Labouré College of Healthcare Scholarship Program

These scholarships are available each spring for the following Fall semester through the Office of Communications and Development. Students must meet eligibility requirements as described on the application. Applications are made available through the Student Newsletter, by email to student email accounts, online at my.laboure.edu, and in person at the Welcome Center during the application period. 

Grant Aid

Federal Pell Grant

For students with exceptional financial aid needs who have not earned a bachelor’s degree, this grant is funded by the US Department of Education. The amount of the grant is determined by federal government regulations. Maximum Pell Grant for 2021-2022 is $6,495. The actual grant award is determined based on financial need and the total number of credits registered for each semester.

Federal Supplemental Educational Opportunity Grant (FSEOG)

A companion grant to the Federal Pell Grant, this is also for students with exceptional financial aid needs who have not earned a bachelor’s degree. Students have to be at least half-time (six credits) status and demonstrate exceptional financial need. There is limited funding for this grant.

MASSGrant

This program is for full-time (12 or more credits) students who are Massachusetts residents, have exceptional need, and meet other eligibility criteria determined by the Commonwealth of Massachusetts. Applicants have to file the FAFSA prior to May 1. Eligibility is determined by the Massachusetts Office of Student Financial Assistance (OSFA) and students will be notified by OSFA via mail.

Part-time Massachusetts Grant Program

This program is for part-time (six to eleven credits) students who are Massachusetts residents, have exceptional need, and meet other eligibility criteria determined by the Commonwealth of Massachusetts. Students should file the FAFSA by the college’s priority deadline to receive maximum consideration. There is limited funding for this grant.

Massachusetts Gilbert Grant

This grant is funded by the Commonwealth of Massachusetts and awarded by the college to full-time students who have demonstrated exceptional financial need, are residents of Massachusetts, and have not earned a bachelor’s degree. There is limited funding for this grant.

Loans

Federal Direct Stafford Loan—Subsidized and Unsubsidized

This is a low-interest government loan program. The Direct Stafford Loan is the basic undergraduate loan in the United States. The money comes from the federal government, and there is no credit check. The interest rate changes once per year, on July 1. The Department of Education may keep an origination fee that will be deducted from loan proceeds. The origination fee for Direct Stafford Loans disbursed between October 1, 2020 and October 1, 2021 is 1.059% (the rate for 2021 - 2022 has not been set as of the catalog publication date). For the 2020-2021 award year, the interest rate will be fixed at 2.75% (the rate for 2021 - 2022 has not been set as of the catalog publication date). There are lifetime Direct Stafford Loan limits. For Independent students, the lifetime limit is $57,500 with no more than $23,000 in subsidized loans. For Dependent students, the lifetime limit is $31,000 with no more than $23,000 in subsidized loans. Repayment of loans begins six months after one ceases to be a half-time student. Normally, students have 10 years to repay Direct Stafford Loans, but there are various payment plans available that may allow borrowers to extend the 10-year period.  

Subsidized means the government pays the interest while the student is attending classes at least half-time and qualifies for a subsidized loan by having need. By regulation, the annual amount a student may receive for Labouré's degree programs is $3,500 as a first-year student, $4,500 as a second-year student, or $5,500 as a third-year student or higher. 

Unsubsidized means the borrower is responsible for the interest while enrolled in classes. One may pay the interest while a student or may capitalize the interest and pay it when it is time to repay the loans. A student does not have to demonstrate financial need to qualify for an unsubsidized loan. Independent students may borrow annually $6,000 in unsubsidized loan as first- and second-year students. Combined with the subsidized amount, this is $9,500 in Direct Stafford Loans per year for first-year students and $10,500 in Direct Stafford Loans per year for second-year students. Third-year students and beyond can borrow up to $7,000 per year for a combined total of $12,500 in Stafford Loans per year. Dependent students may borrow annually $2,000 in unsubsidized loans. This means that first-year dependent students can borrow up to a total of $5,500, second-year students can borrow up to a total of $6,500, and third-year or higher students can borrow up to a total of $7,500 in Stafford Loans a year. Also, dependent students whose parents cannot obtain a Federal Direct PLUS Loan may borrow up to an additional $4,000.

Federal Direct PLUS Loan

This is a low-interest unsubsidized federal loan for the parent of a dependent student. For the 2020-2021 year the interest rate is a fixed 5.30% (the rate for 2021 - 2022 has not been set as of the catalog publication date). The Department of Education may keep an origination fee that will be deducted from the loan proceeds. The origination fee for Direct PLUS Loans disbursed between October 1, 2020 and October 1, 2021 is 4.228% (the rate for 2021 - 2022 has not been set as of the catalog publication date). There is a credit check on the borrower. The funds come from the federal government. If a dependent student’s parent cannot obtain a Direct PLUS loan, then the dependent student may borrow up to $4,000 in unsubsidized Stafford Loan. This is an excellent educational financing option for dependent students.

Nursing Student Loan

This is a fixed-rate (5%) loan through the Department of Health and Human Services specifically for nursing majors. Students have to demonstrate need and meet other eligibility criteria to qualify. Repayment begins after a nine-month grace period, and the monthly payment is $40 per month, perhaps more, depending on amount borrowed. There is limited funding for this loan.

Alternative Loan

This is known as a private loan. Students apply directly to financial institutions and have to be credit worthy or have a credit worthy co-signer. Private loans are often used by students who need assistance in addition to the Federal Stafford Loan, who require funds for living expenses, or who do not have access to the Federal Stafford Loan.

Students may visit Private Loans - ELM to utilize a lender comparison tool. We want to ensure that you are aware that you are not required to use the lenders listed on the ELM site. Labouré College of Healthcare does not recommend or prefer any one lender over another and will process all eligible loan applications received, even if applied through the lender's site directly, as opposed to ELM. The lenders shown on the ELM site have been used by Labouré College of Healthcare students within the past three years. Please make sure you compare all of your lending options and read carefully through the terms and agreements to find the lender that works best for you. 

Federal Work-Study

This is a federal program that provides funding for part-time jobs on campus. Students have to be enrolled at least half-time and have financial need. Students typically work up to 20 hours per week and get paid directly every two weeks. The Department of Financial Aid has a list of available openings. For further information, please contact the Department of Financial Aid at financialaid@laboure.edu.

Withdrawals and Financial Aid (Title IV Refund Policy)

How a Withdrawal Affects Financial Aid

Federal Aid: Federal financial aid funds, also known as Title IV funds, are awarded under the assumption that a student will remain in attendance for the entire semester, or module, for which the funds were awarded. Any Labouré College of Healthcare student who received federal financial aid and who does not remain in attendance through the end of the semester that the aid was awarded, could be responsible for repaying a portion of the financial aid originally received. Students who do not begin attendance in all the courses they were awarded federal aid for may be responsible for repaying all federal aid originally received. 

When a student withdraws from all courses, regardless of the reason, he or she may no longer be eligible for the full amount of federal financial aid originally awarded. A calculation based on the dates of attendance for the course(s) enrolled will determine the amount of federal financial aid that the student has earned and how much of the aid will be returned to the federal government. Once the 60% point in the semester is reached, a student is considered to have earned all of the financial aid originally awarded and will not be required to return any funds. 

Federal regulations require a recalculation of financial aid eligibility if a student completely withdraws or stops attending before the semester's end, or for any student who does not complete all modules that he or she was awarded federal aid for (this applies to students enrolled in Fall/Spring/Summer Session I or II courses).

Military (Tuition Assistance (TA)): Students are awarded Military Tuition Assistance (TA) on the assumption that the service member will attend for the entire semester or module for which the funds are awarded. Students receiving Military TA who withdraw from courses for which funds are awarded prior to the 60% point of the semester or module will become ineligible for the full amount of Military TA funds. If the student withdraws after completing more than 60% of the course, then they will have earned the full amount of the funds. 

 

For 15-Week Course
Before or during Weeks 1 - 2	100% return
During Weeks 3 - 4	90% return
During Weeks 5 - 6	75% return
During Weeks 7 - 8	50% return
During Week 9	40% return (60% of course is completed)
During Weeks 10 - 15	0% return

 

For 7-Week Course
Before or during Week 1	100% return
During Week 2	75% return
During Week 3	50% return
During Week 4	25% return (60% of course is completed)
During Weeks 5 - 7	0% return

 

State Aid: Return of Massachusetts state grant funds are governed by the "State Financial Aid Programs Guidelines and Procedures" which can be found on the Massachusetts Department of Higher Education's Office of Student Financial Assistance website: https://www.mass.edu/osfa/schools/publications.asp

Institutional Funds: Institutional scholarship funds are not subject to the Return to Title IV (R2T4) policy. Students will not be able to receive a refund payment caused by institutional funds. Any institutional funds awarded in excess of tuition and fees will be credited toward future semesters or returned to the college. 

Tuition Refunds

Please note that Labouré College of Healthcare's tuition refund policy is separate from federal regulations to return Title IV financial aid. Any tuition refunds that a student receives will not impact the amount of aid that the student may need to return. Please click here to see Labouré College of Healthcare's Tuition Refund Policy. 

How Earned Financial Aid is Calculated

Students remain eligible for the financial aid they were awarded as long as they remain enrolled in their course(s). When students withdraw or stop attending their course(s) for any reason, the amount of assistance earned is based on how much of the course(s) was completed. Students who withdraw or do not complete all courses in which they were enrolled may be required to return some of the aid originally awarded. 

When students withdraw from their course(s), Labouré College of Healthcare is required to determine the percentage of aid "earned" by the student and return the "unearned" portion to the appropriate federal aid program (for example, Direct Loans, Pell Grant, Military TA, etc.). Labouré College of Healthcare is required to perform this calculation within 30 days of the date the school determines that a student has completely withdrawn. The college must return the funds within 45 days of the date the school determines that a student has completely withdrawn. The Return to Title IV (R2T4) calculation is completed by the Department of Financial Aid. 

The following explains the formula used to determine the percentage of unearned aid to be returned to the federal government:

• The percent earned is equal to the number of calendar days completed up to the withdrawal date, divided by the total number of calendar days in the payment period (semester)
• The payment period for most students is the full 15-week Fall, Spring, or Summer semester. However, for students enrolled in modules (Session I or II of Fall, Spring, or Summer), the payment period only includes those days for the module in which the student is enrolled
• The percent unearned is equal to 100 percent less the percent earned
• Breaks of 5 days or longer are not included in the count of total days in the payment period

For Students Enrolled in Modules

A student is considered withdrawn if the student does not complete all of the days in the payment period that the student was scheduled to complete. Labouré College of Healthcare tracks enrollment in each module that doesn't span the entire 15-week semester and combines them to form a semester. If a student withdraws from a course in a later module while still attending a current module, then the student is not considered as withdrawn based on not attending the later module. However, a recalculation of aid based on the change in enrollment status may be required (i.e., if the withdrawal changes the enrollment status from part-time to less-than-part-time). 

If a student provides written notice to the Department of Financial Aid at the time of withdrawal from a current module that he or she plans to attend a later module in the same payment period, then he or she is not considered a withdrawal. If the student does not provide that written confirmation, the R2T4 recalculation of aid will be done. However, if the student does return in a later module in the same payment period, regardless of whether prior written confirmation was received, then the R2T4 process will be reversed and the student will be awarded the funds that he or she is eligible to receive at the time. 

Return to Title IV (R2T4) Process

• A student notifies the Welcome Center of their wish to withdraw from a course. The Welcome Center staff will review attendance records for the student and verify the last date of attendance. The verified last date of attendance will be used as the withdrawal date. 
• The Department of Financial Aid determines the amount of Title IV aid originally awarded and whether it is "disbursed" or "could have been disbursed."
• The Department of Financial Aid reviews the student's account to determine the original tuition and fees and bookstore charges. 
• An R2T4 worksheet is completed through the PowerFAIDS database using the above data. The calendar for the payment period will have previously been entered and saved as a part of the Period of Enrollment (POE) set up in PowerFAIDS. 
• The Department of Financial Aid will post the recalculated amount of aid for which the student is eligible (as per the results of the R2T4 worksheet) to their student account. 
• A copy of the worksheet is maintained in the student's physical file in the Department of Financial Aid. 
• A copy of the R2T4 is sent to the student with a letter explaining the R2T4 and information on exit counseling (if the student at any time borrowed federal loans).
• Labouré College of Healthcare returns all funds that are required by the institution or the student to repay. 
• The student is responsible for all Labouré charges resulting from the R2T4 calculation.

Post-Withdrawal Disbursement of Loan Proceeds

When the R2T4 calculation results in the student's being eligible to receive either Federal Direct Stafford Subsidized or Unsubsidized Loan proceeds, he or she will be contacted via email and/or by phone by the Department of Financial Aid. Written authorization from the student will be requested and is required before loan proceeds can be processed and awarded to the student. 

Determination of the Withdrawal Date

The withdrawal date used in the R2T4 calculation is the actual last date of attendance as provided by the instructors through attendance sheets and verified by the Welcome Center staff. 

Withdrawing Prior to the 60% Point of a Payment Period

Unless and until a student completes 60% of the term in which financial aid was awarded, the student will be required to return all or part of the financial aid originally awarded for the term. 

When a Student Fails to Begin Attendance

If financial aid is processed for a student who never begins attendance in any class for which he or she is registered in a term, then all aid will be canceled. 

The Department of Financial Aid disburses all aid after the census is taken. After the census date, all withdrawals are tracked by the Department of Financial Aid. The Registrar emails any withdrawal information to the Department of Financial Aid. Withdrawals are also tracked through reports generated in the Jenzabar database. Financial aid originally awarded is canceled for students who failed to begin attendance in all classes in which they were originally enrolled, and is adjusted (when necessary) for those who fail to begin attendance in a portion of the classes in which they were originally enrolled. 

Order of Return to Federal Aid Programs

In accordance with federal regulations, unearned aid will be returned to the federal programs in the following order: 

• Unsubsidized Federal Direct Loans
• Subsidized Federal Direct Loans
• Federal Perkins Loan Program
• Federal Direct Parent Loans
• Federal Pell Grant
• Federal Supplemental Educational Opportunity Grant

Information Regarding Loan Repayment

All student and parent loans that need to be returned to the US Department of Education will be returned by Labouré College of Healthcare. 

The loan grace period begins on the withdrawal date from the school, or when a student ceases to be enrolled on at least a half-time basis. If the student does not re-enroll as a half-time student within six months of withdrawal, then the loans enter repayment. The student should contact the loan servicer assigned to the loans to make repayment arrangements. The promissory note signed by the borrower outlines repayment obligations. The student should contact the servicer or the US Department of Education with any questions. The Department of Financial Aid is available to assist the student with contacting the appropriate servicer. 

Consequences of Non-Repayment

Students who owe the US Department of Education for an overpayment of Title IV funds are not eligible for any additional federal financial aid until the overpayment is paid in full or payment arrangements are made with the US Department of Education. 

Students who owe Labouré College of Healthcare because of an R2T4 calculation will be placed on a Student Account Hold and will not be allowed to register for subsequent semesters or receive academic transcripts until the balance is paid. 

How a Withdrawal Affects Future Financial Aid Eligibility

Students who withdrawn from courses will be able to continue receiving financial aid as long as they are making satisfactory academic progress. Please refer to the Financial Aid Satisfactory Academic Progress Policy to determine how a withdrawal impacts aid eligibility.

NOTE: This policy is subject to revision without notice based on changes to federal, state, or military laws and regulations or Labouré College of Healthcare policies. If changes are made, the student is held to the most current policy. This statement is intended to provide an overview of policies and procedures related to current regulations. Additional information, including examples of R2T4 calculations, is available in the Department of Financial Aid.