Financial Aid Policy & Procedures

Our financial aid policies, listed below, provide guidance on the financial aid process at Nebraska Methodist College, and give you information you need to make informed decisions about financing your education. Students should check this site regularly, as these policies and procedures are reviewed and updated to remain compliant with federal and state requirements and to ensure that we are best supporting the success of our students.

Refund & Withdrawal Policies

Financial aid funds are awarded under the assumption that the student will attend the entire period for which funds were awarded.  When a student withdraws or otherwise ceases attendance before completing the entire payment period, s/he may no longer be eligible for the full amount of assistance that was originally awarded.  This policy describes how NMC determines the amount of financial aid that was earned and unearned at the time the student ceased attendance. 

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Rights & Responsibilities

As a student or prospective student of Nebraska Methodist College, you have several rights and responsiblities. Read through the list for more information.

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Satisfactory Academic Progress – Clock Hour Programs

To receive federal financial aid for attendance at Nebraska Methodist College, students are required to make academic progress toward completion of a degree or certificate.  Satisfactory progress for a clock hour program is evaluated at the point when the student successfully completes the scheduled clock hours for each payment period.  Below are the detailed requirements that must be met and a description of the consequences if they are not met.  This policy applies to all federal and state aid programs, including Pell Grant, SEOG Grant, Federal Work-Study, Perkins Loan, Stafford Loan, PLUS Loan, and the Nebraska Opportunity Grant program.  In addition, NMC applies this policy to determine eligibility for Methodist Grant funds. 

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Satisfactory Academic Progress – Credit Hour Programs

To receive federal financial aid for attendance at Nebraska Methodist College, students are required to make academic progress toward completion of a degree or certificate. Satisfactory progress is evaluated once each year at the end of summer term. Below are the detailed requirements that must be met and a description of the consequences if they are not met. This policy applies to all federal and state aid programs, including Pell Grant, SEOG Grant, Federal Work-Study, Perkins Loan, Stafford Loan, PLUS Loan, Nursing Student Loan, Nurse Faculty Loan, and the Nebraska State Grant program. In addition, NMC applies this policy to determine eligibility for Methodist Grant funds.

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Financial Aid Frequently Asked Questions

Have a question? Read the list of frequently asked questions that students and parents have about financial aid at Nebraska Methodist College.

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Glossary of Terms

Read more about the common terms and language used in financial aid.

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