Tuition and Financial Aid
Tuition payments are due the first week of each term. Payment of tuition may be made through the School of Nursing office or directly to the student account through:
Mercy Hospital School of Nursing
Attention: Financial Aid Officer
1401 Blvd of Allies
Pittsburgh, PA 15219
Students with loans, grants, et cetera, are notified annually of their revenue and balances. Students who cannot meet their financial obligations must meet with the director of the Mercy Hospital School of Nursing for a resolution.
Exit interviews are held by the financial aid officer with students who have loans or debts to arrange for completion of financial obligations.
Graduates with delinquent tuition accounts will be denied release of their transcripts. Congruent with graduation policy, tuition must be paid in full before graduation paperwork is released.
Financial Aid Program
The purpose of the financial aid program is to provide current and prospective students with guidance in determining the type of financial assistance that is available to them. The Mercy Hospital School of Nursing strongly recommends that all students apply for financial aid. Eligibility for grants (state and federal) is determined on the basis of financial need and on several other factors.
Students who wish to apply for financial aid including grants and loans must complete the Free Application for Federal Student Aid (FAFSA). FAFSA financial application forms are available through any high school guidance office, public library, legislator, the Internet, of any financial aid office. The results of having filed this application will be used as a basis for establishing financial need.
Factors such as income, assets, liabilities, family size, and number of family members in college are components that will be considered in determining the student’s need by the Department of Education.
Several sources of financial aid are available to students enrolled at MHSN:
- Pell Grant – a federal grant
- Federal Stafford Loan
- Pennsylvania Higher Education Assistance Agency (PHEAA) Grant
In addition, the Mercy Hospital School of Nursing participates in veterans’ educational benefits through the GI Bill.
The UPMC Tuition Loan Forgiveness Program
UPMC Mercy provides partial tuition coverage in the form of a conditional loan to eligible students in exchange for their commitment to work full time at a participating UPMC facility for two full years upon graduation. Students are financially responsible for fees, textbooks, uniforms, taxes, and other costs.
In order to participate in the UPMC Tuition Loan Forgiveness Loan Program, students must sign a “Terms of Agreement” and official “Promissory Note.” These official documents will be provided to the student.
Prior to completion of the program, students are required to sign another “Terms of Agreement” and official “Promissory Note.” These official documents will reflect any deductions made to the UPMC loan (grant monies and transfer credits).
The regulations of the Internal Revenue Service govern this type of loan forgiveness program. Upon completion of the required work commitment, the loan is forgiven and is now considered income. The individual is required to pay taxes on the entire loan amount at that time.
Students will be considered to be in default of their obligations under any of the following circumstances:
- Failure to remain a student in good standing at the school. “In good standing” means abiding by all school polices and meeting all academic expectations.
- Withdrawal from the program and failure to return within one year from the date of withdrawal.
- Failure to graduate from the school for any reason.
- Failure to pass the national examination to become a registered nurse within one year after graduation.
- The student does not accept full-time employment with UPMC as a registered nurse within three months of graduation.
- The student is denied employment with UPMC as a registered nurse because of failing the UPMC pre-employment screening process.
- Resignation, reduction of working hours to less than full-time, or discharge from full-time employment with UPMC before the full amount of the loan has been repaid.
Students or graduates who default on their obligations will be required to pay the full outstanding balance of the loan plus a fee of $400.