Financial Services
Any student enrolled in MCHP who qualifies for financial assistance will receive aid to the extent funds are available. The amount of actual aid awarded depends upon the financial need of the individual student, and, therefore, will reflect the student and/or family’s financial circumstances. All such information is strictly confidential.
If you have any questions about financial aid and available services, please get in touch with our Financial Aid Office at (207) 795-2270.
Financial Services
Defining Financial Need
Financial need is the difference between costs (tuition and fees, room, board, student uniforms, books, supplies, travel, and personal expenses) and the amount of money the student and/or the student’s family can afford to pay. This amount is determined by a standard formula, established by Congress, and approved by the Secretary of Education. The amount is referred to as the Federal Methodology and the calculation is:
Cost of Attendance – Expected Family Contribution = Need
In order to determine the Expected Family Contribution, one must complete the Free Application for Federal Student Aid (FAFSA). The information provided on the FAFSA determines the expected family contribution and these results are used to determine a student’s financial need.
Students that wish to apply for financial aid should submit the FAFSA to the Federal Processor of the U.S. Department of Education by May 1st to meet State scholarship and grant deadlines. Students are required to apply online at www.FAFSA.ed.gov. Students are required to reapply for financial aid for each academic year they wish to be considered for.
The MCHP Financial FAFSA School code is: 006305
Financial Aid Eligibility
A student is eligible for financial assistance at the MCHP if he or she:
- Is a citizen of the United States or is an eligible non-citizen;
- Is not in default on a previous loan
- Does not owe a refund on a previous grant or scholarship
- Has not previously earned a baccalaureate degree [only applies to Pell and Supplemental Educational Opportunity Grant (SEOG)]
- Is a matriculated student
- Is enrolled in at least 3 credits hours each semester (Students completing fewer than 6 credits may contact the Financial Aid office for eligibility.)
- Is making satisfactory academic progress; and demonstrates financial need.
Willful falsification or omission of information on the application is a criminal offense punishable under Maine and federal laws. Intentional falsification or omission of information will result in withdrawal of all financial aid, and repayment of any assistance that has been granted.
Types of Financial Aid
Grants, scholarships, and loans are all potential options for financial aid packages. Grants and scholarships are given without any expectations of repayment. Loans include specific obligations. A students’ financial aid package is revised each year, depending upon the need and the availability of program funding.
Students are considered for financial aid on a basis of financial need and the amount available for funding. The resulting determination, or award, is communicated to the student in the form of a financial aid offer, which the student is free to refuse in whole or in part. Refusal will not result in restructuring the way a student’s aid has been divided between grant aid and loan aid.
Colleges may not have resources adequate to meet all the financial needs demonstrated by financial aid applicants. Students are strongly encouraged to seek outside aid from organizations when additional financial support is required. While not an all-inclusive list, MCHP students have received grants from: high schools, church groups, community/hospitals/hospital auxiliaries, civic minded fraternal and professional organizations, including: American Legion, Kiwanis, Elks, Lions, Odd Fellows, Rebekahs, and Auburn Exchange Club. Veterans and/or dependents may be entitled to certain VA benefits.
Grants, Endowments & Scholarships
State of Maine Grant Program (MESG)
Dr. Gard W. Twaddle Nurses Endowment Fund
Elias E. Tucker Nursing Fund
Women's Hospital Association Fund
Maine Orthopedic Foundation Scholarships
Hazel H. Gould Scholarship Fund
Loans
Direct Loans
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct (PLUS) Loans
Veterans Benefits
Maine College of Health Professions is approved by the State Approving Agency for Veterans’ Education Programs for military personnel, veterans, and their eligible dependents. The GI Bill® is a registered trademark of the U.S. Department of Veterans Affair. Information regarding education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill®.
The College meets the requirements for the enrollment of eligible persons under the provisions of the various educational assistance programs offered through the VA. All students who expect to receive VA benefits are encouraged to contact the VA office to discuss eligibility and apply for benefits. To speak to a VA educational representative, please call 1-888-442-4551 or visit the VA web-site at www.vets.gov/education/apply/.
Once determined eligible, students will submit to the Bursar, Sue Perry: 1) the certificate of eligibility form and 2) the Maine College of Health Professions request for certification form 30 days prior to the beginning of each semester. Download: Request for Certification Form. Questions regarding this form may be directed to Pamela Buckley, Bursar, at 207-795-2649 or Pamela.Buckley@mchp.edu.
Military Tuition Assistance Program (TA)
Maine College of Health Profession is an approved college to offer courses and degrees eligible for tuition assistance by the Department of Defense. All four service branches and the U.S. Coast Guard offer financial assistance for voluntary, off-duty education programs in support of its service members. Each military branch has its own TA application form and process. To find out how to get started, visit your local installation education center.
Once eligible, students will submit to the Bursar the approval letter identifying the level of benefits.
Military Tuition Assistance (TA) is awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, they may no longer be eligible for the full amount of TA funds originally awarded. To comply with the U.S. Department of Defense policy, MCHP will return to the government any unearned TA funds on a prorated basis through the 60% portion of the enrolled course for which the funds had been provided. For MCHP’s policy regarding the return of unearned DoD Tuition Assistance funds see:Return of Unearned Military Assistance Funds..
Payment of College Fees
STATEMENT OF FINANCIAL RESPONSIBILITIES
By enrolling in classes at the Maine College of Health Professions, students agree to pay all charges incurred as a result of that enrollment. Students are responsible for the status of their accounts.
A statement of accounts will be mailed prior to the beginning of each semester, indicating the due date. All accounts require payment in full or have established a payment arrangement with the college on or prior to the first day of class. The College offers the option of an interest-free monthly payment plan. Payment arrangements are coordinated through the Bursar’s office. Students are encouraged to set up a payment arrangement as soon as possible. If within 7 days payment has not been received or arrangements finalized, students will be scheduled to meet with either, President, V.P Finance, Dean or designee and may result in: 1.) Inability to participate in a class; 2.) Inability to participate in an exam; 3). Inability to continue enrollment in the program.
Failure to fulfill all payment expectations and/or payment arrangements will result in a hold being placed on the student’s account. Having a hold will prevent the student from being able to access the following college services: class registration; grades; transcripts and/or receiving of a degree or certificate.
Note: Veterans Administration benefits will be recognized as payment fulfillment as indicated on certificated of eligibility submitted to the Bursar.
Financial Aid Satisfactory Academic Progress
To comply with Federal Title IV Regulations §668.34, Maine College of Health Professions (MCHP) is required to establish and implement policies and procedures surrounding Satisfactory Academic Progress (SAP) for students who use Federal student aid to help pay for college. The SAP policies must be at least as strict as the school’s policies for non-Title IV recipients, and in the case of MCHP, the policies are the same for both groups of students. SAP policy can be viewed by clicking the button below.
