Who We Are
Hondros College of Nursing’s (HCN) Financial Aid Office is comprised of both a system-wide, or Central Support Team, and campus-based aid administrators known as Financial Service Advisors. Our Office is, additionally, assisted by the services of a third-party servicer. Our full Team and associated entities are structured to meet administratively capability requirements of the United States Department of Education Office of Federal Student Aid (USDOE FSA), Title IV of the Higher Education Act of 1965 (HEA), as amended, the Code of Federal Regulations, Title 34 – Education, applicable State aid governing bodies, local and municipal governmental aid agencies, and all other student aid assistance organizations.
Mission Statement
Hondros College of Nursing (HCN) Office of Financial Aid strives to meet the needs of students by providing access to federal, state, and local resources of assistance. It is, furthermore, the mission of HCN’s Office of Financial Aid to adhere strictly to the rules, regulations, and interpretations of the United States Department of Education Office of Federal Student Aid (USDOE FSA) by whom Title IV access is granted.
As required by the Higher Education Opportunity Act of 2008, HCN has established and abides by a Title IV Code of Conduct. The following link provides HCN’s Title IV Code of Conduct: https://www.hondros.edu/tuition-and-financial-aid/title-iv-code-of-conduct/
HCN offers several educational financing options including Federal Student Aid, grants and loans, Veterans’ Benefits (not available at all campuses), and more. Financial aid is available to those that qualify. Student requesting to use Federal Financial Aid are required to complete the Free Application for Federal Student Aid (FAFSA®) and abide by all filing mandates of the United States Department of Education Office of Federal Student Aid. Failure to do so will result in a student being ineligible to access Federal Financial Aid assistance.
Information provided on and through the FAFSA® is used to calculate a Student Aid Index (SAI). The SAI is derived from a calculation performed by the United States Department of Education Office of Federal Student Aid in accordance with the 2021 FAFSA Simplification Act and associated provisions. HCN will receive the necessary SAI electronically after the student meets all filing requirements of the USDOE FSA.
For HCN to process and award aid, all applicants must also complete HCN’s Online Student Financial Aid Portal. HCN will use the USDOE FSA provided SAI in combination with the HEA Federal Financial Aid Cost of Attendance (COA) to establish aid eligibility for each student. Students will use the HCN Online Student Financial Aid Portal to view, accept, decline, and monitor for changes and necessary actions. Financial aid disbursements, both positive and negative, occur throughout the term, generally beginning in the third week of classes, as required by the governing rules and regulations. Disbursements are made via a credit to a student’s institutional account.
Federal Student Aid Programs
FAFSA®, Direct Loans, and the Direct Loan Program are registered trademarks of the U.S. Department of Education. There are three categories of federal financial assistance:
- Grant – aid that does not need to be repaid.
- Loan – aid that must be repaid, but generally not until the students have graduated, enroll less than half time, or stop attending school.
- Work Study – wages for part‐time, educationally related, student or community‐service employment. Federal Work Study (FWS) allows students who demonstrate financial need to earn a portion of their educational expenses. Students must complete the FAFSA® to be considered for FWS funds. In this program, students earn at least the current hourly minimum wage by working at Hondros College of Nursing or in community service roles. Certain restrictions apply.
General Eligibility for Federal Programs
In order to qualify for federal financial assistance*, you must:
- Enroll as a degree-seeking student.
- Be a U.S. citizen or an eligible noncitizen.
- Meet and consent to all Federal FAFSA® filing requirements.
- Qualify in accordance with all applicable Title IV rules and regulations defined under Chapter 34 of the Code of Federal Regulations; the 1965 Higher Education Act, as amended; the FAFSA Simplification Act (Act) that was enacted into law as part of the Consolidated Appropriations Act, 2021; and the amended provisions of the Consolidated Appropriations Act, 2022.
- Demonstrate financial need for need based aid programs according to the federally defined formula.
- Meet all measures of the Federal Satisfactory Academic Progress standards.
- Not be in default on a federal education loan.
- Not owe a refund on a federal education grant
- Have a high school diploma or verifiable recognized equivalent.
* Financial aid is available for those who qualify.
Veteran Benefits
Students who may qualify for veterans’ educational benefits should notify their financial aid representative regarding eligibility as far in advance of their scheduled class start date as possible.
Federal Work-Study (FWS)
FWS provides part-time jobs for qualifying students with financial need, allowing them to earn money to help pay education expenses. Students must complete the FAFSA® to be considered for FWS funds. In this program, students earn at least the current hourly minimum wage by working at Hondros College of Nursing or in community service roles. Certain restrictions apply.
State-funded Programs
In addition to federal financial assistance, state programs may be available to students who demonstrate financial need or who have successfully achieved certain academic qualifications. Typically, state recipients must attend an institution in their home state, and they or their parents must have resided in the state for a specified period of time. Proof of residency is usually required. Check your State’s higher education website for more information. https://highered.ohio.gov/
Additional Aid
Hondros College of Nursing Alumni Achievement Grant
This Alumni Achievement Grant is designed to assist Hondros College of Nursing Alumni as they progress into our Associate Degree in Nursing (ADN) program.
Hondros College of Nursing Institutional Affordability Grant (IAG)
This Institutional Affordability Grant (IAG) is designed to assist Hondros College of Nursing (the “College”) students thathave financial need in order to cover their gap funding, i.e., the difference between total cost of tuition and fees (direct) less the amount of all eligible financial aid resources.
Private Education Loans
Many lenders also offer private education loans to students to supplement their federal financial aid. Terms of repayment, including interest rates, vary by loan. Lenders perform a credit check and determine a loan applicant’s creditworthiness before approving these loans. A loan applicant may also be required to provide a credit‐worthy cosigner. The following link provides more information on private education loans: https://www.hondros.edu/how-to-pay/financial-aid-programs
Employer Tuition Reimbursement
Students eligible for employer tuition reimbursement benefits should contact their employer or human resources department. Tuition reimbursement does not eliminate a student’s responsibility to pay tuition. Students receiving tuition reimbursement are required to disclose to the college the benefit and the amount as is must be considered as Estimated Financial Assistance.