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Financial Aid Policies

Statement of Ethical Principles

Mercy College of Health Sciences is a standing member of the National Association of Student Financial Aid Administrators (NASFAA). As such, we believe that the primary goal of the financial aid professional is to help students achieve their educational goals through financial support and resources. NASFAA members are required to exemplify the highest level of ethical behavior and demonstrate the highest level of professionalism. The guidelines were last updated by NASFAA's Board of Directors in March 2014.

Below is a summary of the NASFAA Statement of Ethical Principles. The entire Statement can be found at this link.

Financial aid administrators shall:

  • Advocate for students
  • Manifest the highest level of integrity
  • Support student access and success
  • Comply with federal and state laws
  • Strive for transparency and clarity
  • Protect the privacy of financial aid applicants

Financial Aid Satisfactory Academic Progress

Students receiving federal and/or state funded aid are required to make satisfactory academic progress (SAP). This is a different policy than the College Academic Performance Policy. To view the requirements for maintaining satisfactory progress for financial aid standards, please click here to open the current Catalog.
 
A student who is placed on Financial Aid SAP Suspension may file an appeal by filling out the form found here and submitting it to the Financial Aid Director.