Tuition & Fees

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Financial Aid Information

Eligibility:

To be considered for financial aid, students must fill out the Free Application for Federal Student Aid, which is found online at http://www.fafsa.ed.gov. The FAFSA can be filled out any time after January 1^st.  Early submission is encouraged in order to receive priority consideration.  Financial aid award offers are typically sent out beginning in April for the upcoming academic year.

Financial Aid Limitations and the Cost of Attendance Budget:

Federal law limits to the amount of financial aid that students can receive, including federal and non-federal educational loans.  These limits are determined by the Cost of Attendance Budget, which is established by the Student Financial Aid Office.  The total amount of all types of financial aid cannot exceed the amount of the Cost of Attendance Budget.

• The Cost of Attendance Budget is the amount of tuition and an average allowance for housing, food, books, and other educational expenses.  It is based on average costs for a student living modestly on or near campus.  The Budget is not determined by an individual student’s actual expenses, and does not include family expenses.
• In 2010-11, the amount allocated for living and educational expenses was $ 5,532 per quarter.   Tuition is added to determine the total amount of aid per quarter.  The Budget is adjusted to accommodate Metropolitan or Non-Resident tuition when applicable.  Living expenses are the same for all groups.

Summer Financial Aid:

Initial financial aid award amounts are for fall and spring semesters only. Nurse anesthesia students are eligible to apply for a separate summer financial aid package when they have completed course registration for summer semester.

Types of Aid Available:

• University Graduate Scholarship:  awarded by the College of Nursing.   Availability and the amount of awards depends on enrollment and the total amount available for disbursement.
• Advanced Education Nursing Traineeship Grants:  money from the U.S. Department of Health and Human Services which is awarded through the College of Nursing for the first year of the program only.  Availability and the amount of awards depends on enrollment and the total amount available for disbursement.
• Nurse Anesthetists Traineeship Grants:  money from the U.S. Department of Health and Human Services which is awarded through the College of Nursing for the second year of the program only.  Availability and the amount of awards depends on enrollment and the total amount available for disbursement. 
• Federal Direct Graduate PLUS Loan:  a Direct Loan available to Graduate Students. More information is available at  http://financialaid.uc.edu/gradstudents/gradplus.html
• American Association of Nurse Anesthetists Scholarships:  Students may apply for a limited number of scholarships after completing six months of study.  More information is available at  http://www.aana.com/ProfessionalDevelopment.aspx?id=1401
• State Association Scholarships:  Some state professional associations for nurse anesthetists offer scholarships.  Students should check with the association in their home state for more information.

Stipends and Forgivable Loans from Future Employers:

Some students choose to accept money during school from anesthesia groups or hospitals in exchange for a promise of future employment.  These agreements are legally binding and usually carry penalties beyond repayment if the student does not fulfill his or her obligation to the employer.  It is recommended that students have these agreements reviewed by an attorney before signing.  The money is also subject to income taxes, in most cases the taxes are levied when full-time employment begins.  These agreements are not calculated in the Cost of Attendance Budget and do not affect the amount of Financial Aid that a student may receive.

How Semester Conversion Affects Financial Aid:

Annual amounts of financial aid awarded will not change.  Financial aid will be divided into two semester payments (fall and spring) instead of three quarter payments. 

For More Information:

Visit http://financialaid.uc.edu  or call the Financial Aid Office at 513-556-1000.