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Financial Aid

Nebraska Methodist College students receive more than $17 million in financial aid each year. In the 2018-19 academic year, about 93 percent of the total student body received some form of aid. This assistance comes from a variety of sources, including Nebraska Methodist College, Methodist Hospital Foundation, federal and state governments, private foundations, banks, employers, churches and more.

Aid Criteria

When you’re checking out any kind of financial aid, the first question to ask is whether or not you qualify for it. Nearly all sources of free aid (i.e., doesn’t require repayment) will specify who is eligible to receive it or by what criteria recipients will be chosen from a pool of applicants.

Broadly speaking, you will find these five types of awarding criteria:

  1. Financial Need — You must have a financial situation that limits your ability to pay your tuition, fees and materials in full. Need is usually determined from the results of your Free Application for Federal Student Aid (FAFSA); however, certain organizations or agencies may consider different or additional criteria.
  2. Academic Merit — Your cumulative GPA, standardized test score(s), subject-specific GPA, etc., either singly or combined, needs to meet a specific minimum set by the giver of the aid. 
  3. Extracurricular Experience — These criteria are about the kind and quality of your involvement in the world outside of class. They include things like community service experience, participation in student organizations, leadership roles and awards received. 
  4. Group Membership — Usually this means you have to verify that you belong to a specified group. This may include your entrance status (first-generation, first-time freshman, transfer-in student), academic program, class level, religious affiliation, race, ethnicity, past honor society membership, career aspiration, residency status, employer or having a family relative already affiliated with your chosen school. 
  5. Combination — Many times, financial aid awards combine two or more of the preceding criteria in order to judge eligibility or select recipients.

Types of Aid

Scholarships

NMC Scholarships

Nebraska Methodist College assists students by providing the following types of scholarships:

  • Upfront Merit Scholarships — based solely on previous academic performance.
  • Academic and Leadership Scholarships — based on academic performance, leadership potential demonstrated by participation in activities outside the academic setting and service to the community (separate application required). 

NMC Scholarship recipients are required to have a FAFSA Application on file by June 1 each year.

 

Methodist Health System Scholarships

The Methodist Health System provides benefits to their employees, including scholarships for college. These opportunities are only available for Health System employees.

 

External Scholarships

Click the link below for additional college grants and scholarships to pursue. Students and parents are also encouraged to look at their own access to scholarship resources: student employers, parent employers, churches and organizations that students and parents belong to.

Grants

Grants provide free money to eligible students. Most awards are based on the student's need as determined by the FAFSA results. Funding for most grants is limited, so early application is advisable. Most of the grants listed below are limited to students who have not yet earned their first baccalaureate degree.

Federal Work Study

The Federal Work-Study (FWS) program provides part-time jobs for undergraduate and graduate students with financial need, allowing you to work to earn money for educational expenses. If you're interested in getting a Federal Work-Study job while you're enrolled at NMC, make sure you apply for aid early.  Funds are limited.

How do I qualify?

  • Students must be a U.S. Citizen or eligible non-citizen (permanent resident).  International students are not eligible to participate in this program.
  • Students must complete the FAFSA (Free Application for Federal Student Aid). When completing the FAFSA be sure to use school code 009937.
  • Indicate YES on the FAFSA question asking if you are interested in being considered for work-study.
  • Students must demonstrate financial need: Cost of attendance - estimated family contribution = need
  • Students must be enrolled at least half-time in a degree seeking program.

How will I know if I'm awarded Federal Work-Study?

View your account in the NMC Financial Aid Portal. If you have been awarded Federal Work-Study you will see it listed on the Awards page.

I wasn't awarded FWS, but I am interested, what do I do?

Contact your Financial Aid Counselor to find out if you are eligible.

How do I complete the hiring process?

Instructions will be provided when we are ready to begin accepting applications. FWS students are considered employees of the Methodist Health System, so the offer is contingent upon you successfully completing a Post Offer Health Screening/Drug Test, Criminal Background Check and a number of employment screenings required for educational and health care organizations. FWS students are not eligible for benefits.

Where would I work? What kind of jobs are there?

Most FWS positions are on campus; however positions are also available within the community to support family literacy programs. FWS positions are available in a variety of departments:

  • Arts & Sciences
  • Bookstore
  • Business & Operations
  • Educational Technology
  • Enrollment Services
  • Front Desk
  • Library
  • Occupational Therapy
  • Professional Development
  • Registrar's Office
  • Student Engagement
  • Student Support Services
  • Upward Bound
  • Plus we have agreements with multiple off-campus agencies that serve the community

How do I get paid?

FWS students are paid a flat rate of $9 per hour worked. Your bi-weekly paycheck from the Methodist Health System will be deposited directly to your bank account.

Can I work in the summer if I'm not in school?

No, NMC does not fund a summer FWS program.

If I still have questions who do I contact?

Contact your Financial Aid Counselor. If you don't know who your Financial Aid Counselor is, please call the Financial Aid Office at (402) 354-6531.

Federal Direct Loans

NMC participates in the William D. Ford Federal Direct Loan program (Direct Loan). The U.S. Department of Education provides funding and serves as the lender for Direct Loans. Students must be enrolled at least half-time during the period for which the loan is awarded. All loans require completion of the FAFSA and a Master Promissory Note. Entrance Counseling is also required for all first-time student borrowers.

Direct Subsidized & Direct Unsubsidized Loans are fixed rate loans that do not require a credit check. Loans are made in the student’s name, and the student is responsible for paying back the entire loan sum plus accrued interest. Eligibility is based on the student’s FAFSA results. 

First-time borrowers must complete the Federal Direct Loan Master Promissory Note (MPN) and Entrance Counseling. Both can be completed online. Be sure to complete the Entrance Counseling appropriate for your program of study (undergraduate or graduate).

Students who have borrowed a Direct Subsidized or Direct Unsubsidized Loan at a previous institution may be able to use the same MPN for new Direct Loans borrowed at NMC.

  • Direct Subsidized Loans are available to undergraduate students with financial need as determined by the FAFSA results. The federal government pays interest on the loan while the student is in school at least half-time. The interest rate on Direct Subsidized Loans first disbursed during the period of July 1, 2020, through June 30, 2021, is fixed at 2.75% annually.  
  • Direct Unsubsidized Loans are available to both undergraduate and graduate students. Unsubsidized loans are not based on financial need, though a FAFSA must still be completed in order to qualify. Interest begins to accrue at the time the loan is disbursed. The interest rate on Direct Unsubsidized Loans first disbursed during the period of July 1, 2020, through June 30, 2021, is fixed at 2.75% annually for undergraduate students and 4.30% annually for graduate students. 

A small fee is withheld from each loan disbursement. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. For loans first disbursed on or after Oct. 1, 2020 and before Oct. 1, 2021, the fee is 1.057%.

Direct PLUS Loans are fixed rate loans available to graduate students and parents of dependent undergraduate students. The interest rate on loans for the period of July 1, 2020, through June 30, 2021, is 5.30% annually, and interest begins to accrue when the loan is disbursed.

This loan is based on the borrower's credit history, and adverse credit may result in the loan being denied. A borrower with adverse credit may still receive a Direct PLUS Loan by providing a qualified endorser, or by documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to the adverse credit history. If a Parent PLUS Loan is denied, the dependent student may be eligible for an additional Direct Unsubsidized Loan.

Direct PLUS Loans are not based on need, however a FAFSA must be completed in order to qualify.

  • Graduate PLUS Loans are available to eligible students enrolled at least half-time in a graduate degree program. First-time borrowers of a Graduate PLUS Loan must complete Entrance Counseling for graduate students. The PLUS MPN for Graduate/Professional Students must also be completed. Entrance Counseling and the MPN can be completed online. Students who have borrowed a Graduate PLUS Loan at a previous institution may be able to use the same MPN for new Graduate PLUS Loans at NMC.
  • Parent PLUS Loans are available to the biological, adoptive, or in some cases, stepparent of a dependent undergraduate student enrolled at least half-time. The borrower must complete a PLUS MPN for Parents online. If the parent borrowed a Direct PLUS Loan for the student at a previous college, NMC may be able to use the same MPN. Please notify the NMC Financial Aid Office if your parent borrower has borrowed a prior Direct PLUS Loan.

A small fee is withheld from each loan disbursement. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. For loans first disbursed on or after Oct. 1, 2020, and before Oct. 1, 2021, the fee is 4.228%.

Borrowing Limits

The table below shows the annual and aggregate borrowing limits under the Direct Subsidized & Direct Unsubsidized Loan program.  Note that aggregate totals also include outstanding loans borrowed through the former Federal Family Education Loan Program (FFELP) which includes Stafford Loans and Guaranteed Student Loans.

Swipe left/right to scroll table

Year Dependent Undergraduate Independent Undergraduate Graduate
First Year Undergraduate $5,500
No more than $3,500 of this amount may be in subsidized loans.
$9,500
No more than $3,500 of this amount may be in subsidized loans.
 
Second Year Undergraduate $6,500
No more than $4,500 of this amount may be in subsidized loans.
$10,500
No more than $4,500 of this amount may be in subsidized loans.
 
Third and Beyond Undergraduate (each year) $7,500
No more than $5,500 of this amount may be in subsidized loans.
$12,500
No more than $5,500 of this amount may be in subsidized loans.
 
Graduate and Professional Degree (each year)      $20,500 Unsubsidized
(As of July 1, 2012, subsidized loans are no longer available to graduate and professional degree students.)
Maximum Total Debt  (aggregate loan limits) $31,000
No more than $23,000 of this amount may be in subsidized loans.
$57,500
No more than $23,000 of this amount may be in subsidized loans. These limits include any loans received as a dependent student.
$138,500
No more than $65,500 of this amount may be in subsidized loans. The graduate debt limit includes loans received for undergraduate study.


In addition, effective for new borrowers on or after July 1, 2013, federal law limits the period of time for which a borrower may receive Direct Subsidized Loans, in aggregate, to 150% of the published length of the student's current educational program. For example, if you are enrolled in a two-year program, you could have no more than three years of eligibility; and for a four-year program, you could have no more than six years of eligibility. After that time, the student may borrow only Direct Unsubsidized Loans and interest begins to accrue on the outstanding Direct Subsidized Loan balance.

The annual limit for Direct PLUS Loans is the cost of attendance minus any other financial aid received.

Repayment

Repayment of Direct Subsidized, Unsubsidized and Graduate PLUS Loans begins six months after the student graduates, leaves school, or drops below half-time. There are several repayment options available, some of which are based on the borrower's income at the time of repayment. Select these links for additional information on repayment options, loan cancellation or discharge, loan deferment or forbearance, or loan repayment simulator.

Repayment for a Direct Parent PLUS Loan begins within 60 days after the loan is fully disbursed. However, the parent borrower may defer repayment while the student is enrolled at least half-time and for an additional six months after the student is no longer enrolled at least half-time. Payments on a Parent PLUS Loan may also be deferred if the parent borrower is enrolled in school at least half-time. Interest during these periods will be capitalized if not paid by the parent during the deferred payment period. 

Health Professions Loans

NMC participates in the following loan programs funded by the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services.

Nursing Student Loans (NSL) are available to students enrolled in an undergraduate Nursing program. To qualify, students must have financial need as determined by the FAFSA; be enrolled at least half-time; be of legal age in their state of residence; and must not be in default on any student loan nor have an adverse credit history. After being credit-approved, the borrower must complete online entrance counseling, acknowledge truth-in-lending disclosures, and sign an online promissory note. Eligibility must be re-established each academic year.

The maximum annual award amount is $3,300, except during the last two years of the program the annual limit is $5,200. The aggregate limit for all years of study is $17,000.

This is a loan and it must be repaid, even if the borrower does not complete the degree. Interest, at the rate of 5.0% per year, begins to accrue 9 months after the borrower ceases to be enrolled at least half-time. Repayment also begins 9 months after the borrower's last date of enrollment at least half-time. The amount borrowed, plus accrued interest, is repayable over a 10-year period. Payments are due no less than quarterly, and a minimum payment or $40 per month or $120 per quarter is required.

Once the repayment period has begun, a borrower may qualify for periods of deferment for service as a Peace Corps Volunteer, active duty member of a uniformed service, or while enrolled at least half-time in a baccalaureate or graduate level nursing program, pursuing advanced professional training in nursing, or training to become a nurse anesthetist.   

Nurse Faculty Loans (NFLP) are available to students enrolled in an advanced education nursing program who are committed to become nurse faculty upon graduation from the program. The purpose of the NFLP program is to increase the number of qualified nursing faculty. Loans are provided to assist with educational expenses and, in exchange for full-time, post-graduation employment as nurse faculty, the program authorizes cancellation of up to 85% of the NFLP loan. 

To qualify for the NFLP a student must be enrolled in an eligible program that prepares the individual to become nurse faculty. Eligible programs at NMC include the Doctor of Nursing Practice (DNP), the MSN-Nurse Educator, RN to MSN-Nurse Educator, and the Post-Master's Certificate-Nurse Educator.  In addition, the recipient must be in good academic standing; committed to completing the program of study and serving as full-time nurse faculty for 4 consecutive years at an accredited school of nursing following graduation from the program; a U.S. citizen or national of the U.S., or a lawful permanent resident of the U.S. and its territories; and have no judgment liens entered against his/her property for default on a federal debt, 28 U.S.C. 3201(e).

To be considered for the NFLP program, an applicant must submit the Free Application for Federal Student Aid (FAFSA) each academic year. Annually, after eligibility is confirmed, the borrower must complete online entrance counseling, acknowledge truth-in-lending disclosures, and sign an online promissory note.

The NFLP loan covers the cost of tuition, fees and books while a student is enrolled part time or full time. Loans may not exceed $35,500 for an academic year and no more than 5 years of support.

This is a loan and it must be repaid, even if the borrower does not complete the program of study. Interest begins to accrue 3 months after the borrower graduates or ceases to be enrolled in an eligible program of study. The interest rate will be 3% per year for borrowers who graduate and fulfill their full-time 4-year teaching obligation. For borrowers who do not graduate, do not obtain full-time employment or do not complete the entire 4-year service agreement, interest will accrue at the prevailing market rate. This prevailing market rate is determined by the U.S. Treasury Department and has ranged from 9.75% to 10.75% in recent years. 

Repayment begins 9 months after the borrower graduates or otherwise ceases enrollment in the eligible program of study, and the loan must be repaid within 10 years. During periods when the borrower is employed full-time to qualify for the cancellation, payments may be postponed but this does not extend the repayment period. 

To qualify for the loan cancellation, full-time employment must be obtained within 12 months of graduation. Upon documented completion of each the first, second and third years of eligible employment, 20% of the loan will be cancelled. Upon documented completion of the fourth year of eligible employment, 25% of the loan will be cancelled. Therefore, after 4 consecutive years of eligible full-time employment, 85% of the loan will have been cancelled. The borrower is then responsible for repaying the remaining 15% of the loan over the remaining 6 years of the repayment period.

NFLP borrowers may be eligible for deferment for up to 3 years when ordered to active duty as a member of a uniformed service, or when a borrower who graduates and is employed decides to return to a graduate nursing education program to further their preparation as a nurse faculty.

For more detailed information about the NFLP program, please download this document about the NFLP that was produced by the NMC Financial Aid Office. Among other things, it includes specific information about documentation and deadline requirements to establish eligibility for the loan cancellation.

Private Education Loans

Students are encouraged to apply for all scholarships, Federal grants and Federal loans for which they are eligible before considering a private education loan, sometimes called an alternative loan. Terms and conditions for Federal student loans may be more favorable than those of private education loans.

Private education loans allow students to borrow in their own name, without any government guarantee. The loans are based on the borrower's credit, and it is often beneficial to have a credit-worthy co-signer. Since these are not governmental loans, the lender assumes more risk and may charge a higher interest rate, larger loan fees, or have more stringent credit requirements than the federal loan programs. Private loans cannot be combined with federal loans if a student wishes to consolidate his/her loans after graduation.

 

Applying for a Private Education Loan

  1. Determine your priorities.  Consider what aspects of a loan are most important to you, such as credit and co-signer requirements, co-signer release, interest rates, fixed or variable interest, fees, enrollment criteria, repayment terms, and borrower benefits such as a discount or rebate for paying through auto debit. 
  2. Research & compare your options.  Look at several lenders and loan products to determine which one best meets your needs.  (See next section for information on selecting a lender.) 
  3. Submit your application.  Once you have decided which loan to apply for, go to the lender's website to complete the application.  NMC's school code for loans is 006404.
    1. During the application process, you will be required to complete a Private Education Loan Applicant Self-Certification form.  Section 2 of that form will ask for your cost of attendance and estimated financial assistance for the loan period.  To obtain those figures, either refer to your award letter or contact your financial aid counselor. 
  4. Follow up promptly.  If you are pre-approved for the loan, the lender will instruct you on any additional steps that you need to complete.  Be sure to respond promptly to any request from your lender. 
  5. Wait.  Now it's our turn.  Once the lender has received everything it needs from you it will notify NMC that the loan is ready to certify.  After you have registered for classes, we confirm your eligibility and enrollment, and submit the certification to the lender.  At that time, we will send you a revised Award Letter showing the loan amount that was approved. 
  6. Receive final disclosure.  After NMC certifies your loan, the lender is required to send you a final disbursement disclosure informing you of your right to cancel the loan.  After providing that disclosure, the lender is required to wait at least 6 days before sending your funds to the school.
 

Selecting a Lender

Selecting a lender for a private loan is an important decision.  The loan programs differ, so it is important that you know the terms and conditions of the loan as well as your rights and responsibilities as a borrower.  Students (and families) are encouraged to research the lender benefits, customer service and other information related to loan processing, services and cost.  Remember that a loan is a debt that must be repaid, so it is recommended that students borrow wisely and no more than is necessary.

To assist in the comparison and selection process, NMC provides a Preferred Lender List on ELM Select.  These lenders were chosen based on the quality of products and services provided.  In selecting our preferred lenders we considered several factors: competitive interest rates, low or zero origination fees, borrower benefits such as co-signer release and interest reductions during repayment, stability and reputation, and quality of customer service.  As the borrower, it is your right to select a lender not on this list.  NMC will process your application for any eligible lender you select. 

Click here to access NMC's Preferred Lender List. Remember, you are not required to select a lender from our list. You have the right to select any lender you wish, that offers this type of loan. 

 

Code of Conduct

Educational institutions that participate in Federal Title IV programs are required to publish a code of conduct related to private education loans.  This code of conduct applies to all Nebraska Methodist College (NMC) employees, officers and agents of the College, including without limitation individuals who are employed in the Financial Aid Office or who otherwise have responsibilities with respect to education loans.  This code of conduct reflects NMC's commitment to conduct business and administer financial aid programs with integrity, in the interest of students, and in compliance with applicable law. 

  1. Ban on revenue-sharing agreements - The College will not enter into any revenue-sharing agreement with any lender.  The College will not accept fees, revenue, or material benefits from any lender in exchange for recommending the lender or loan products to students.
  2. Ban on gifts - NMC employees with financial aid responsibilities may not solicit or accept any gift or other item with a monetary value of more than a de minimus amount from a lender, guarantor, or servicer of student loans. 
  3. Prohibited consulting and contracting arrangements - No NMC employee or agent with financial aid responsibilities shall accept from any lender or affiliate of any lender any fee, payment, or other financial benefit (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender.
  4. Ban on limiting a borrower's choice of lender - NMC employees will not direct first-time borrowers to a particular lender through award packaging or other methods, nor will NMC employees refuse to certify or delay certification of any loan based on the borrower's selection of a particular lending institution. 
  5. Prohibition on offers of funds for private loans - NMC will not request or accept from any lender any offer of funds to be used for private education loans in exchange for a certain number or volume of loans, or in exchange for placement of the lender on a preferred lender list.
  6. Ban on staffing assistance - NMC will not request or accept from any lender any assistance with call center staffing or financial aid office staffing, unless specifically allowed by federal regulation.  Examples of allowable assistance include professional development training, educational counseling materials, financial literacy materials, or debt management materials for borrowers, provided that such materials disclose the identification of the lender; or short-term, nonrecurring staffing assistance to assist the institution with financial aid-related functions during emergencies or natural disasters.
  7. Ban on advisory board compensation - Any NMC employee with financial aid responsibilities, and who serves on an advisory board, commission, or group established by a lender, must not receive anything of value from the lender, except for reimbursement of reasonable expenses incurred in serving on the board.   

Applying for Financial Aid

Program-Dependent Eligibility

To be eligible for financial aid at NMC, you must be admitted to an eligible certificate or degree program. For federal, state and most NMC funding, eligible programs include the Medical Assistant Certificate, all associate, bachelor's, master's and doctorate programs. 

Students enrolled in other certificate programs are not eligible for federal financial aid, but do have other options available. Contact Kathryn Freed to learn more about options for undergraduate certificates. Contact Mark Araujo to learn about options for graduate certificates.

FAFSA

Complete a FAFSA

To receive financial aid, you will need to complete the Free Application for Federal Student Aid (FAFSA). Follow these three steps to complete yours: 

  1. Obtain an FSA ID, the username and password that serves as your electronic signature. 
  2. Gather records of your income, bank statements and other financial information.
  3. Complete your FAFSA online at StudentAid.gov, or download the MyStudentAid app on your mobile phone. The federal school code for Nebraska Methodist College is 009937. FAFSA applications may be open for multiple academic years, so be sure to select the correct one.

The FAFSA is available starting Oct. 1 in the year prior to the start of the academic year.  For example, the FAFSA for 2020-2021 (fall 2020, spring & summer 2021) was available starting Oct. 1, 2019.  The FAFSA must be submitted each academic year for most financial aid programs.

NMC's FAFSA priority date for need-based aid is March 1 prior to the fall semester.

  • Download the myStudentAid app from the Apple App Store (iOS) or Google Play (Android), and submit your FAFSA securely and safely from any mobile device. 
  • Use the IRS Data Retrieval Tool (IRS DRT) if you are eligible to do so. The IRS DRT allows you to transfer information from your tax return directly to your FAFSA. This ensures that the correct information gets reported on your FAFSA, and it reduces your chances of being selected for verification. In order to enhance the security and privacy of sensitive personal data transferred to the FAFSA from the IRS, the imported data will be masked and will not be displayed for you to view.
  • Remember, the FAFSA is free! If you are asked to pay a fee, you are on the wrong site.

What Happens After Completing Your FAFSA

You should receive an email from the FAFSA processor within two weeks of submitting your FAFSA, which will provide instructions on how to access your Student Aid Report (SAR) online. The SAR provides basic information about your eligibility for federal financial aid and includes the information you reported on your FAFSA. Review your information and submit any necessary corrections.  

NMC typically begins reviewing applications and corresponding with financial aid applicants in March for the following fall term.  After that time, notifications are usually sent out within 1-2 weeks of receiving the FAFSA results. Processing for new students with spring and summer start dates will begin after those admission decisions are made. 

  1. After NMC receives and reviews the results of your FAFSA, we will inform you of your status.
    Most correspondence will be sent by email. Prior to the start of a student's first semester of enrollment, we use the personal email address reported on the FAFSA or the one on file at the College. Once your classes begin, the majority of correspondence will be sent to your college email account. An email notification may tell you that we need additional information and/or documentation before we can determine your financial aid eligibility. 
  2. Once we are able to determine your eligibility, we will notify you that your estimated awards are ready for you to view.
    It is your responsibility to access your account on the NMC Financial Aid Portal to view details about documentation requirements and/or your award eligibility. It is important to act promptly when you receive these communications.  If you do not respond, we are unable to continue processing your application. 
  3. Initial awards are typically based on full-time enrollment.
    Notify the Financial Aid Office as soon as possible if you plan to enroll part-time, as it could affect your award amounts.
  4. If your family's financial situation changes, please contact the Financial Aid Office.
    If the family income you reported on the FAFSA does not reflect your family's current ability to pay for your educational expenses, please contact the NMC Financial Aid Office to discuss your options. Examples of typical life changes include loss of employment or other income, separation or divorce, death of spouse or parent, excessive unreimbursed payments for medical/dental expenses, etc. Appropriate documentation will be needed to support your request. 
  5. Federal aid is not automatically renewed so students must reapply each academic year.
    The FAFSA is available beginning Oct. 1 prior to the fall semester of the new academic year. The priority date to be considered for NMC’s need-based aid is March 1 prior to the fall semester. 

NMC merit scholarships are automatically renewed provided the necessary criteria are met. However, NMC requires all scholarship recipients to submit a FAFSA by June 1 prior to each academic year.

Academic progress is reviewed at the end of summer term in August, and notifications are sent to students who are not eligible for renewal.

Satisfactory Academic Progress (SAP) Policy for Credit Hour Programs

To receive federal financial aid for attendance at Nebraska Methodist College, students are required to make satisfactory progress toward completion of a degree or certificate. Below is a description of the minimum standards that must be met. These standards do not necessarily coincide with academic program requirements, which must also be met in order to receive aid.

This policy applies to all federal and state aid programs: Federal Pell Grant, Federal SEOG Grant, Federal Work-Study, Federal Direct Loans (Subsidized, Unsubsidized and PLUS), Nursing Student Loan, Nurse Faculty Loan, and the Nebraska Opportunity Grant program. NMC also applies this policy to determine eligibility for Methodist Grant funds and NMC scholarships.

Frequency of Review
Satisfactory progress is evaluated annually at the end of summer term.

Measurement Standards
To be considered eligible for the financial aid programs named above, a student must meet all of the following conditions:

1. Qualitative - Grade Point Average

  • Undergraduate students must maintain a cumulative grade point average (GPA) of at least 2.0.
  • Graduate students must maintain a cumulative GPA of 3.0 or higher.

2. Quantitative - Pace of Progress
Students must successfully complete (pass) at least two-thirds (66.67%) of cumulative attempted credit hours to stay on pace with the Maximum Time Frame requirements described below.

a. Attempted credits are based on records maintained by the Registrar's Office and include courses for which the student receives a grade of A, B, C, D, F, I, NC, P, S, U, W, WF, or WX. Attempted credits do not include audited courses, validation credits, or courses dropped prior to the issuance of a W.

b. Successfully completed credits include those for which the student receives a passing grade (A, B, C, D, P, or S). Courses for which the student receives a grade of F, I, NC, U, W, WF, or WX will not be counted as completed.

c. Remedial coursework is treated no differently than other coursework.

d. Repeated courses count multiple times as attempted credits, but only once toward completed credits.

e. Transfer credits accepted by NMC are included in both the attempted credits and completed credits.

f. Grades of Incomplete are counted as attempted but not completed. If the student subsequently completes the course requirements and wants to request a recalculation of the percentage of credits completed, the student must notify the Financial Aid Office.

3. Maximum Time Frame
Students must complete all program requirements within 150% of the time it normally takes to complete the degree program (as measured in credit hours). Example: If the student's program of study requires 126 credits, the student may remain eligible for aid through completion of the degree or until the student has attempted 189 credits, whichever comes first.

a. If the student is enrolled in multiple programs the Maximum Time Frame will be based on the longest program.

b. If the student has changed programs, professional courses applicable to the first program will be excluded from the new program's attempted credit limit unless also required for the new program.

Suspension/Termination
A student's financial aid eligibility will be suspended or terminated if any of the following occurs:

  • Student is enrolled in a program longer than two academic years (i.e. a bachelor's degree program) and does not have a cumulative GPA of at least 2.0 at the end of the second year.
  • Student failed to meet either or both the Qualitative and Quantitative standards at the time of the annual review.
  • Student has attempted 150% of the credits required for the degree program. 

Appeal
A student whose financial aid was terminated may submit an appeal to the Financial Aid Appeals Committee. Reasons for an appeal may include: death of a relative, injury or illness of the student, or other special circumstances. At a minimum, an appeal must include the following:

  • A written or typed statement explaining the circumstances contributing to the student's failure to meet the SAP standards, along with the nature and timing of the circumstances;
  • Supporting documentation, as appropriate;
  • A description of what has changed in the student's situation that would allow the student to meet SAP requirements in the future; and
  • An Academic Development Plan (ADP) that has been developed with and is signed by the student's advisor. The ADP must include how the student expects to meet the SAP standards as well as the time frame in which the student expects to be back in compliance with such standards.

Probationary Period
If the student's appeal is approved, his/her financial aid eligibility will be reinstated on a Probationary basis for one semester. The student may continue to receive financial aid during this Probationary Period but must meet the regular SAP standards or be making progress under an approved ADP by the end of the Probationary Period. If the student fails to make progress under the approved ADP the student will not be allowed to submit another appeal.

Re-establishing Eligibility
If the student's appeal is denied or the student fails to make progress during the Probationary Period, the student may re-establish his/her financial aid eligibility after meeting the following conditions:

  • Enroll at student's own expense until both the Quantitative and Qualitative SAP standards are met, while not exceeding the Maximum Time Frame.

Notification
Students will be sent written notification if his/her status changes as a result of the SAP evaluation.

Updated: March 2019

SAP Policy for Credit Hour Programs (PDF Download) >>

Satisfactory Academic Progress (SAP) Policy For Clock Hour Certificate 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 Federal Pell Grant, Federal SEOG Grant, Federal Work-Study, Federal Direct Loans (Subsidized, Unsubsidized and PLUS), and the Nebraska Opportunity Grant program. In addition, NMC applies this policy to determine eligibility for Methodist Grant funds and NMC scholarships.

Measurement Standards
To be considered eligible for the financial aid programs named above, a student must meetall of the following conditions:

1. Qualitative - Grade Point Average
Certificate students must maintain a grade point average (GPA) of at least 2.0 each payment period as well as a cumulative GPA of 2.0 or higher.

2. Quantitative - Pace of Progress
Students must successfully complete (pass) at least two-thirds (66.67%) of their cumulative attempted clock hours to stay on pace with the Maximum Time Frame requirements described below.

  • Attempted clock hours are the hours a student attends each payment period.
  • Transfer clock hours accepted toward the student's program are included in both the attempted clock hours and completed clock hours.
  • Excused absences must be made up.
  • Grades of Incomplete are counted as attempted but not completed.  If a student subsequently completes the course requirements and wants to request a recalculation of the percentage completed, the student must notify the Financial Aid Office.

3. Maximum Time Frame
Students must complete their program requirements within 150% of the time it normally takes to complete the certificate program (as measured in clock hours).  A student must complete a total of 930 clock hours before attempting 1395 clock hours (930 x 150% = 1395).

Warning Period
A student who fails to meet either or both the Qualitative and Quantitative standards will be given a Warning Period of one payment period.  During the Warning Period, a student may continue to receive the financial aid for which he/she is otherwise eligible. 

Suspension/Termination
A student's financial aid eligibility will be suspended or terminated if either of the following occurs:

  • Student failed to meet either or both the Qualitative and Quantitative standards by the end of the Warning Period.
  • Student has attempted 150% of the clock hours required for the certificate program.   

Appeal
A student whose financial aid eligibility was terminated may submit an appeal to the Financial Aid Appeals Committee.  Reasons for an appeal may include: death of a relative, injury or illness of the student, or other special circumstances. At a minimum, an appeal must include the following:

  • A written or typed statement explaining the circumstances contributing to the student's failure to meet the SAP standards, along with the nature and timing of the circumstances;
  • Supporting documentation, as appropriate;
  • A description of what has changed in the student's situation that would allow the student to meet SAP requirements at the end of the next payment period; and
  • An Academic Development Plan (ADP) that has been developed with and is signed by the student's advisor. The ADP must include how the student expects to meet the SAP standards as well as the time frame in which the student expects to be back in compliance with such standards.

Probationary Period
A student whose appeal is approved will have financial aid eligibility reinstated on a Probationary basis for one payment period.  The student may continue to receive financial aid during this Probationary Period but must meet the regular SAP standards or be making progress under an approved ADP by the end of the Probationary Period.  If the student fails to make progress under the approved ADP the student will not be allowed to submit another appeal.

Re-establishing Eligibility
If the student's appeal is denied or the student fails to make progress during the Probationary Period, the student may re-establish his/her financial aid eligibility after meeting the following conditions:

  • Enroll at the student's own expense until both the Quantitative and Qualitative SAP standards are met, while not exceeding the Maximum Time Frame.

Notification
Students will be sent written notification if his/her status changes as a result of the SAP evaluation.

Updated: March 2019

SAP Policy for Clock Hour Certificate Programs (PDF Download