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Scholarships, Grants, and Financial Aid Information 2009-2010 Academic Year || University-Funded || Federal/State || Procedures || Average Costs || Payment Options || Contact Information ||   Don't Let Finances Keep You From Applying To Marywood Marywood University offers a comprehensive program of financial aid to assist students in meeting educational costs. Eligibility for federal and state funded programs is based upon demonstrated financial need. In determining financial need, a federal eligibility formula is used to analyze family income and assets. In addition, the University also awards scholarships/grants from institutional sources on the basis of academic merit. Applicants at Marywood University are considered for all financial assistance for which they qualify. University-Funded Programs* Marywood University Scholars This award recognizes undergraduate students who have demonstrated their outstanding academic abilities. Candidates for the freshman class whose combined Critical Reading and Math scores of the SAT are 1200 or higher and whose six-semester high school GPA is 3.50 or higher (on a 4.00 scale) are considered for these awards. Candidates for these awards must have applied and been accepted to Marywood prior to December 15 of their senior year in high school. These awards are only available for full-time students entering in the fall semester and are renewable for up to eight (8) full-time semesters. Students are required to maintain full-time status and a minimum 3.25 cumulative grade point average to renew the award each academic year. I.H.M. Scholarships These scholarships are funded, in part, by the Sisters, Servants of the Immaculate Heart of Mary. Students whose combined SAT scores are typically 1150 or above (recentered scale) and who rank academically among the upper fifth of their graduating class are considered for these competitive awards. Transfer students are also eligible for consideration based upon their prior postsecondary academic records. The number of awards and scholarship amounts vary from year to year. Marywood University Grants These grants are awarded to students who demonstrate academic ability. They vary in value depending upon the applicant's academic profile. Talent Awards Talent Awards are made to students who demonstrate outstanding proficiency in music, art, or communication arts and who plan to major in one of these areas at Marywood. Talent is demonstrated through evaluation of an art portfolio, a music audition, a communication arts portfolio,or participation in the annual theatre competition. Evaluations must be completed by March 1.   Maxis/Gillet Service Awards The University grants service awards to incoming students who have demonstrated outstanding service to the community during their high school years and have a commitment to continue that service while enrolled at Marywood University. To be considered for this award, the applicant must be accepted for admisison and complete the Maxis/Gillet Service Award Application by February 1 . Contact the Office of Collegiate Volunteers or Campus Ministry or call 570-961-4723 or visit www.marywood.edu/www2/stu_life/campmin/home.htm. Scholarships for Transfer Students In addition to the scholarships listed above, transfer students also qualify for: Phi Theta Kappa Scholarships are awarded to transfer students who are members of this International Scholastic Order of two-year colleges. A minimum transfer GPA of 3.50 is required for consideration for this scholarship as well as an earned associate degree. The student must enroll at Marywood immediately upon graduation from a two-year college. Proof of PTK membership is required. This scholarship is renewable if the recipient maintains a minimum of a 3.00 cumulative QPA at Marywood University. Part-time students are not eligible for this award.   *Marywood University scholarships/grants are awarded on a first-come, first-served basis. They are renewable for a total of eight (8) semesters of full-time study, if one maintains the required minimum cumulative QPA of 3.00 for an I.H.M. Scholarship and 2.50 for a Marywood University Grant.   Federal/State Funded Programs Marywood University participates in all the established programs of federal/state financial aid which include the following: Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Federal Perkins Loan Federal Work-Study Program Students can borrow under the Federal Stafford Loan Program; parents can borrow under the Federal Parent Loan (PLUS) Program. Students who are residents of Pennsylvania can apply for the PHEAA State Grant; residents of other states can apply through their respective State Higher Education Assistance Agency for state grant/scholarship consideration. All should also investigate other scholarships/grants available through local civic, religious and fraternal organizations, as well as Veterans Benefits, or Office of Vocational Rehabilitation (OVR) funds if eligible for such. Students are personally responsible for contacting these agencies directly. FastWEB (Financial Aid Search Through the WEB) is the largest and most complete scholarship search on the Internet. It provides access to a searchable database of more than 400,000 private sector scholarships, fellowships, grants, and student loans available to students. For more information, see:  Student Financial Assistance Programs - U.S. Department of Education Pennsylvania Higher Education Assistance Agency FinAid: The Smart Student Guide to Financial Aid You Can Deal With It   Financial Aid Application Procedures To apply for any type of financial assistance at Marywood University, freshman and new transfer students must: Apply for admission, File the Marywood Undergraduate Financial Aid Application with the Office of Financial Aid by February 15, (fall semester entry) or November 1 (spring semester entry) File the Free Application for Federal Student Aid (FAFSA) by February 15 (fall semester entry) or November 1 (spring semester entry). (This application can be accessed online at www.fafsa.ed.gov). All federal, state and need-based financial aid is awarded for an academic year period only. Using the FAFSA, students must re-apply each academic year, if they wish to continue receiving such assistance. The deadline for upperclassmen applications is usually April 15. If one misses the deadline date (either for incoming freshmen/transfer students or upperclassmen), certain funds may not be available. Average Academic Year Costs Full-time undergraduate students may take 12-18 credits in the Fall 2008 and Spring 2009 semesters. Tuition $24,300 Room & Meals 11,108 General Fee 890 Student Activities Fee 200 Matriculation Fee* 200 Total $36,698 *(a one-time fee charged to all new students) (Total does not include estimated cost for books, transportation and personal expenses.) Check out our web page for more information about Marywood University Dining Services. Other Payment Options Deferred Payment Plan - A deferred payment plan that allows payment of expenses in four payments for a deferred payment fee is available for students who wish to pay their expenses in this manner. This plan requires payment of one-quarter of tuition plus all fees including the deferred payment fee and room and board by the semester payment due date or at registration. The remaining three-quarters of tuition is due in three equal payments on specific due dates set by the Cashier's Office.   VISA, MASTERCARD and DISCOVER are also accepted for payment of educational expenses.   Marywood University also offers the following external payment plan:: Academic Management Services 1 AMS Place P.O. Box 991 Swansea, MA 02777 Phone: 1-800-635-0120 AMS Web Site A brochure describing this monthly plan is mailed to incoming students in April. For More Information If you would like more information about financial aid at Marywood University, please contact the Office of Financial Aid: Phone: 1-TO-MARYWOOD (1-866-279-9663) or 570-348-6225 Fax: 570-961-4739 Email: finaid@marywood.edu Website: www.MyMarywood.com or www.marywood.edu/fin_aid/index.stm Scholarship Calculator: www.mymarywood.com/financial_aid.asp

Last updated: November 12, 2008

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