Academic YearsThe Financial Aid Office uses a standard academic year that spans two enrollment terms (semesters). These two terms total at least 30 weeks of instruction.
A full-time student is expected to complete at least 24 credits during an academic year.
The standard academic year starts with the fall semester and finishes at the end of the spring semester. Summer sessions may be added to the end of the standard academic year.
Full-Time and Part-Time Status
For financial aid purposes, a student must be enrolled for at least 6 credits a semester in an eligible program to qualify for financial aid consideration, and only the Federal Pell Grant is available for qualified students taking fewer than 6 credits a semester.
Balances Owed to the College Most aid awards do not cover a full year's college costs. Parents and students should expect to contribute toward payment of education.
Balances not covered by financial aid can be paid using the PLUS or alternative loan programs, or parents and students may opt to go on a monthly payment plan.
The College offers such a plan through Tuition Management Services (TMS). Many students take advantage of this program to pay in 10 monthly payments the portion of college costs not covered by financial aid.
The first payment is usually due in July before the start of fall classes. A small fee is charged.
Cabrini College Funds Cabrini College funds, both merit awards and need-based grants, are retained at the same percentage rate that tuition is retained.
For example, if a student withdraws and owes 40 percent of the semester’s tuition, 40 percent of his/her Cabrini funds will be retained to help pay down the obligation.
PHEAA State Grant The PHEAA State Grant is retained at the same percentage rate that tuition is retained, similar to Cabrini funds.
Aid From Other Sources Aid from other sources includes outside scholarships, grants, loans, and employee tuition reimbursement.
Funding from outside sources may be listed on the Financial Aid Award notice, but these amounts are estimates. Sponsors of outside aid usually have their own eligibility requirements. The Financial Aid Office will complete any paperwork required to assist in the application.