Graduate Catalog 2018-2019 
    
    Jul 15, 2019  
Graduate Catalog 2018-2019

Financial Information


 

Tuition and Fees

Tuition per credit hour $773.00
Registration Fee 80.00 (payable each semester)
Change of Program Fee 10.00
  (for each course dropped at the request of the student)  
Nursing Clinical Affiliation Fee (expected to cover the administrative and preceptor responsibilities incurred during the clinical practicum when the practice participates in the education of students) 750.00
State Certification Fee 50.00
  (subject to change; for categories recommended by the college; prevailing rate of State Education Department)
Transcript Fee (Official) 5.00
Health Workshop Fee (ED 5522 ) 30.00
Late Payment Fee 200.00

 

Room and Board

     

Room

 

       $4,700

per semester

Board

 

       $3,056

 

Room & Board

 

       $7,756

per semester

 

 

       $15,512

annually

Military Room

     

   *includes $500/fall and spring flex dollars

 

       $875

per month

   

   $4,375

per semester

   

       $1,750

summer

Note: Full-time status is 12 or more credits

     

Payment of Tuition and Fees

Tuition and fees are due one week before the semester begins. Checks should be made payable to Mount Saint Mary College. MasterCard, VISA and Discover are accepted. Credit card and E-check payments may be made online through the MSMC Student Information System.

For students who prefer to pay tuition and fees on a monthly basis, the College offers a Monthly Payment Plan. Please contact Student Financial Services (845-569-3700) or visit the College web site: www.msmc.edu/monthlypayment, for an application or additional information.

A late payment fee will be assessed if the student account balance is not satisfied by the due date.

Students will not be allowed to register for classes or receive an official transcript with an outstanding balance.

Books and supplies may be purchased at the Campus Store but may not be charged to the Student Account. The estimated expenses per year for books and supplies for full-time students are $1,600.

Tuition Reduction for Parochial School Teachers

To encourage teachers to remain in parochial schools, Mount Saint Mary College offers a 33 1/3% tuition discount to full-time parochial school teachers pursuing a master’s degree in Education at the Mount. To qualify for this discount, teachers must document current full-time employment by a copy of their teaching contract or letter from their principal.

Refund of Tuition and Fees

The College must make financial commitments to its faculty, staff, suppliers, and service contractors on an annual basis. For this reason, refunds will be made only as follows:

Withdrawal from the College

Whether withdrawing from the College or from individual courses, the student must give written notification to the Office of the Registrar. The date of the withdrawal will be determined by the date received in the Office of the Registrar. Withdrawal before the first day of class will result in a 100% refund of institutional charges, which consist of tuition, mandatory fees, room and board. All refunds are subject to a $50 administrative fee.

If a student withdraws: * institutional charges returned
Before/within 1st week of class 100% refund
Within 2nd week of class 60% refund
Within 3rd week of class 30% refund
After 3rd week of class No refund


The date of the withdrawal will be determined by the date received in the Office of the Registrar. Percentage Refund Dates are listed in the Academic Calendar .

*Institutional charges include any tuition, mandatory fees, and room and board. All withdrawals are subject to a $10-per-course administrative fee. Resident students leaving college housing will be prorated as detailed above, with no refund on room charges after the 3rd week of class.

Dropped Courses

Withdrawal from a course is the student’s responsibility. The student must drop the course by contacting the Registrar in writing or online through the MSMC web module (print a copy). Failure to attend a class will not be regarded as a drop and a student will be responsible for tuition charges.

If a student remains registered but drops a course in a traditional schedule during the first week of classes, all charges will be dropped. Thereafter, refunds will be made as follows:

If the student withdraws during: The refund will be:
Week 1 100%
Week 2 60%
Week 3 30%
After week 3 None


For Accelerated/Evening courses, refunds will be made as follows:

If a student withdraws: ** Institutional charges returned:
Before/within 1st week of class 100%
Within 2nd week of class 50%
After the 2nd week of class None


Note: Accelerated/Evening classes that run 12 or more weeks follow the traditional refund schedule.

Whether withdrawing from the College or from individual courses, the student must give written notification to the Registrar. The date of the withdrawal will be determined by the date received by the Registrar.

** Institutional charges include any tuition and mandatory fees. All withdrawals are subject to a $10-per-course administrative fee.

Any student who drops below 9 credits (full-time status) will risk losing full-time financial aid and have the award adjusted accordingly.

Financial Aid     

Assistance is available in the form of student loans. Graduate students must be accepted and matriculated for each loan period they are requesting and must make satisfactory academic progress according to the college’s financial aid Satisfactory Academic Progress (SAP) standards to be eligible. Students also must be citizens or permanent residents of the United States. As federal regulations regarding SAP are changing, we urge you to review MSMC’s SAP policy at the following url: http://www.msmc.edu/Student_Services/Financial_Aid/financial_aid_satisfactory_academic_progress.be

Graduate students must be registered for a minimum of 9 credit hours each fall and spring to be considered full time for financial aid purposes. A minimum of 5 credit hours must be taken each semester in order for a student to be considered half-time as well as to maintain eligibility for federal Stafford Loans.

Application Process

To determine financial eligibility for aid, graduate students must file the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.edu.gov. Information will be received electronically by schools listed on the FAFSA within 72 hours. The Mount’s federal code is 002778.

This form must be filed annually. Because of the processing time involved, students are advised to complete and file the FAFSA by April 15th of the academic year prior to the start of classes. Federal regulations prohibit us from disbursing funding if a valid FAFSA is not received, and loan origination has not taken place before the last date of attendance for the semester. You must have a valid FAFSA with an EFC and we must originate your loan before the last date of attendance. If you file after the April 15th deadline, you must make an appointment to speak with a financial aid counselor who can validate that you have enough time to request a loan.

Stafford Loan Program

For graduate students, this program offers only unsubsidized loans (student pays or defers interest that accrues while in attendance). Effective July 1, 2012, new federal regulations were established by Congress that eliminated the interest rate subsidies on Federal Direct student loans for graduate students.

Graduate students may borrow up to $20,500 per year, as long as they are matriculated and attending at least half-time for every semester they wish to receive loan funding.

The aggregate a student may borrow under the subsidized program is $65,500 including undergraduate Stafford Loans; the combined lifetime total for both segments is $138,500.

Need is a determining factor of eligibility and a student must promptly report to the Student Financial Services any assistance made available to the student from sources other than the college. This includes scholarships, state awards, or employer reimbursements.

Disbursement of this loan will occur within two weeks of the start of each semester. Although tuition payment may be deferred until the funds arrive from the U.S. Department of Education, students should not expect any disbursements from this loan before its receipt.

The College participates in the Electronic Funds Transfer (EFT) process that allows funds to be forwarded to the college electronically.

The School of Nursing  applies for federal HRSA Nurse-Traineeships on an annual basis. These monies, if awarded, are given to eligible full-time graduate nursing students (9 credits a semester) or students within 12 months of graduation.

Veterans Administration Education Benefits

Information and application forms are available at all Veterans Administration (VA) offices, active duty stations, and American embassies. Completed forms are submitted to the nearest VA office. The Registrar is responsible for verifying enrollment status.