Federal Teach Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 (depending on funding) annual grants to students who plan to become teachers. In exchange for the grant, candidates must agree to serve as full-time teachers at certain schools and within certain high-need fields for at least four academic years within eight years of completing the course of study for which a grant was received. If a grant recipient does not carry out that obligation, the TEACH grant funds he/she received convert to a Direct unsubsidized loan that must be repaid with interest.
Students must adhere to academic standards: minimum cumulative GPA of 3.25. Incoming Freshmen students first term GPA will be based on high school graduation GPA and first college semester cumulative GPA. Transfer student’s eligibility will be based on transferring college GPA and first term GPA.
In addition to academic and program requirements, students must complete Entrance Counseling and an Agreement to Serve each year to receive the award.
For more information regarding the TEACH grant please visit: www.teachgrant.ed.gov
Financial Aid/Full-Time and Part-Time Graduate Study
Students interested in participating in the Federal Direct Loan program must complete the FAFSA (Free Application for Federal Student Aid) each year. Students are required to complete Entrance Counseling and a Master Promissory Note (MPN) only once during their graduate enrollment unless the student has withdrawn from school and is returning.
Saint Mary-of-the-Woods College offers a limited number of graduate scholarships. Those scholarships are determined at the point of admission by the Office of Admissions.
Graduate program enrollment requirements:
| MAAT, MAMT, MSN |
MLD, MHA |
| 6 credit hours = Full time |
6 credit hours per cohort/18 per semester = Full time |
| 3 credit hours = Half time |
3 credit hours per cohort/9 per semester = Half time |
Schedule for Payment
The following payment options are available: tuition may be paid in full upon registration, or a payment plan may be used. Consult specific program Directors. Payment can be made online via the College’s web portal, or by phone to 812-535-5124. Credit card payments (American Express, Discover, MasterCard, and Visa) are accepted. An ACH transaction can also be authorized through a savings or checking account. Payment plan forms are available in the Business Office or may be printed from the Business Office website, under the link for “Forms and Downloads”. The MLD/MHA programs offers a six-month payment plan per semester with the first payment due upon enrollment; the other programs offer a four-month payment plan, except for class terms less than four months. A $50 payment plan fee is due with the first payment.
Course Drops
A student who chooses to drop a course may do so without penalty during the drop/add period of their program (shown below in refund charts). From day 5 or 10 (depending on the program) to 50%, a student will earn a “W” grade and after the fifty percent completion point of the course, the student will earn an F.
Refunds
Refund Policy for Dropped Courses (MLD, MHA, MSN—8 week modules)
| If a course is dropped: |
Then: |
| Days 1 - 5 |
Student receives 100% credit for tuition for the course dropped less a $10 drop fee per course. |
| After Day 5 |
Student receives a 0% credit for the tuition charges. A $10 drop fee will be processed per course. |
Refund Policy for Dropped Fall/Spring Semester Courses (MAAT, MAMT, and MSN—16-17 week modules)
| If a course is dropped: |
Then: |
| Days 1 - 10 |
Student receives 100% credit for tuition for the course dropped less a $10 drop fee per course. |
| After Day 10 |
Student receives a 0% credit for the tuition charges. A $10 drop fee will be processed per course. |
Refund Policy for Dropped Summer Intensive Courses (MAAT and MAMT—8 week modules)
| If a course is dropped: |
Then: |
| Days 1 - 5 |
Student receives 100% credit for tuition for the course dropped less a $10 drop fee per course. |
| After Day 5 |
Student receives a 0% credit for the tuition charges. A $10 drop fee will be processed per course. |
Once courses are finalized for registration, the student is responsible for the tuition for all courses in the semester, even if no work is completed.
Days are counted from the first day of the term.
Refunds will only involve those funds paid by the student, the student’s family, or an employer. If the student has financial aid, any refund will be calculated according to the percentage of total expenses paid by the student. The remainder of the refund will be returned to the aid program.
Master of Healthcare Administration/Master of Leadership Development Programs
All modules (classes) for the semester are charged at the start of each semester. Financial aid will be disbursed based on the “anticipated” enrollment for all three modules. If a student drops a module within the first 5 days:
- First module: The student will not be charged for the module and financial aid will be placed on “hold” until the student enrolls in the subsequent (second) module. The Financial Aid office cannot disburse funds at this time because the student has not participated in any academic events (modules) yet.
If the student does not return for the subsequent modules, the Financial Aid office will cancel financial aid awards for the semester, as no aid has been earned.
- Second module: The student will be refunded for the second module only. Financial Aid will adjust “credit hours enrolled” to reflect the new enrollment status. If the student is over-awarded, the required funds will be returned to the source.
If the student does not return for the third module, the Financial Aid office will perform the Return to Title IV (R2T4) calculation. The withdrawal date will be the last academic event.
- Third module: The student will be refunded for the third module only. The Financial Aid office will adjust “credit hours enrolled” to reflect the new enrollment status. If the student is over-awarded, the required funds will be returned to the source.
The Financial Aid office will check Satisfactory Academic Progress (SAP) each module.