Financial Aid - Good Samaritan College of Nursing

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Financial Aid

Financial Aid Student Handbook
Financial Aid Awareness
Applying for Financial Aid
Types of Financial Aid
Loan Forgiveness Programs
Work Study
Other Sources of Financial Aid
Financial Aid Satisfactory Academic Progess
Return of Title IV  
FASTChoice - Apply for a Private loan

Financial Aid Awareness

To help students understand the basics of financial management, the Financial Awareness Counseling module from the Department of Education will provide information on federal student loan debt, and an estimate of what their loan debt is likely to be at the time they leave school.

Start Here, Go Further With Federal Student Aid

10 Important Facts About Financial Aid

Student Aid on the Web

Financial Aid Manual

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Applying for Financial Aid

The College believes that any student who meets admission requirements should not be denied an education because of lack of funds. However, financial aid depends upon careful evaluation of all resources available to the student and the College. After being accepted for admission, all prospective students will be advised of financial aid application procedures. In order to participate in FSA, institutions are required to provide students and potential students with specific information regarding the student financial aid programs. At GSC, this information is provided in the college catalog, on the college website, Financial Aid Student Handbook, and other publications and through the college electronic communication process. Student rights and responsibilities are listed below, and in the Financial Aid Student Handbook.

We review financial aid applications and make annual selections based on financial need and the promise of academic accomplishment. Students must file a renewal financial aid application for each academic school year.

GSC's Federal Code for the FAFSA is: 006494.

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Need Based vs Non-Need Based Aid

Need Based Aid

  • Pell Grant
  • SEOG Grant
  • OCOG Grant
  • Federal Work Study
  • Scholarships (Institutional and Outside)
  • Subsidized Stafford Loan

Non-Need Based Aid

  • Unsubsidized Stafford Loan
  • Parent PLUS Loan
  • Private Loan

Types of Financial Aid

Financial Need
Aid for most of the federal programs is awarded based on financial need (except for Direct Unsubsidized Loans, and Direct PLUS Loans). The Expected Family Contribution (EFC) on your Free Application for Federal Student Aid (FAFSA) is the number used to determine your federal student aid. The aid described below indicates whether it is Need based aid, or Non-Need based aid.

Cost of Attendance
Minus - Expected Family Contribution (EFC)
Equals = Financial Need


Pell Grants
The Pell Grant program is a federal entitlement program authorized by the Education Amendments of 1972. Eligibility is determined from data provided on the Free Application of Federal Student Aid (FAFSA). Receive information about Pell Grants from your high school counselor or the GSC Financial Aid Office. The Federal School Code for GSC #006494.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG Program provides need-based grants to help undergraduate students finance higher education costs. Priority is given to students who are Pell Grant recipients with low Expected Family Contributions (EFC's). Students must file a FAFSA as part of the application process for the FSEOG. The FAFSA serves as the application for this grant.

Ohio College Opportunity Grant (OCOG)

Ohio residents in a degree/nurse diploma program with a FASFA Expected Family Contribution (EFC) number of 2190 or less and a maximum household income of $75,000 are eligible. Students are limited to 10 semesters or 15 quarters of state, need-based grant aid. The FAFSA serves as the application for this grant.

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The GSC Scholarship Application Form is required of any student who wishes to be considered for internal scholarships. The form can be found on the College web site in My GSC. Students entering the College in August (fall semester) should submit the form by June; December is the deadline for January (spring semester) entry students. There are many scholarships available; the descriptions and requirements are available in the College Catalog.

Click here for a list of the available GSC Scholarships

The Ohio Nurses Foundation
The Ohio Nurses Foundation offers several scholarships for students who are earning their RN degree. Go to Ohio Nurses Association: Financial Assistance to download an application.

F.A. Davis Nursing Scholarship
F.A. Davis is delighted to offer our annual $1,500 undergraduate nursing student scholarship opportunity. This scholarship reflects our continual commitment to the education of nurses and recognizes the very special nature of those who have chosen to embark on this challenging, yet rewarding career path. For more information and to apply, please visit

Health & Human Services
In exchange for at least two years service at a health care facility with a critical shortage of nurses, the Nursing Scholarship Program pays for tuition, required fees and other reasonable costs including books and supplies. Go to Health Resources and Services Administration: Health Professions to apply.

Nursing Scholarships
A scholarship database has been created specifically for nursing students. See Scholarships, amounts and deadlines by going to

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Direct Stafford Subsidized Loan 
A federally financed and subsidized student loan made on the basis of the student’s financial need and other specific eligibility requirements. The federal government does not charge interest on these loans while borrowers are enrolled at least half-time.

Consideration requires the filing of the Free Application for Federal Student Aid (FAFSA).

Direct Stafford Unsubsidized Loan
A federally financed student loan made to students meeting specific eligibility requirements. Interest is charged throughout the life of the loan. The borrower may choose to pay the interest charged on the loan or allow the interest to be capitalized (added to the principal).

Direct PLUS Loans
Parents of dependent students can borrow PLUS loans to pay for their children’s education. Parents are responsible for all interest charges. Parents must begin paying on the fully disbursed loan after 45 to 60 days.

Private Loans
There are many ways to pay for higher education, and choosing the right approach requires a good understanding of your options, your responsibilities, and the various details of each lender's loan products. It's a lot to keep in mind. FASTChoice makes it easy by providing you with information about private loans in an easy-to-understand format, to help you determine which private student loan best meet your needs. Please click here to apply.  

Charles Schell, 5/3 Bank GSC Loan

A limited number of interest free loans are available to qualified students attending the College.

Loan Forgiveness Programs

Health and Human Services Nursing Loan Repayment
This program is available for nurses who want to take advantage of a federal program to help pay off nursing education loans. The Nursing Education Loan Repayment Program (NELRP) is aimed at giving nurses an incentive to practice in “critical shortage areas” by repaying up to 85 percent of their outstanding student loans for their nursing program. In exchange, nurses work at a qualified facility for three years.
To obtain further information or for an application, call (877) 464-4772 or email or access the web site at Health & Human Services Nursing Loan Repayment.

Public Service Loan Forgiveness (PSLF)

Workforce Investment Act
The Workforce Investment Act (WIA) is a federally funded program that establishes the Workforce Development System and provides funding to support training to unemployed adults and dislocated workers. GSC is a training center to help individuals receive training they need in their AASN two-year program to become a nurse.
WIA assists eligible students in helping them with their educational expenses. Contact the area you live in to find out if you are eligible:

Warren County 513-695-1130
Butler County 513-785-6500
Brown County 1-800-553-7393 ext 261
Clermont County 513-943-3000
Northern Kentucky
Florence 859-283-1885
Lawrenceburg 513-943-3000
Nurse Education Assistance Loan Program (NEALP)

The purpose of NEALP is to assist the state in meeting nursing shortages by providing financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in approved Ohio pre-licensure nurse education program who intend to serve as nurses after graduation. NEALP provides up to $1,500 per year. In exchange, to qualify for loan cancellation, recipients must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five years after graduation. Students must apply to the Ohio Board of Regents.


Veterans are eligible for educational benefits. The Veterans Administration provides a VA Benefits Application to apply for these benefits. If you are a veteran of the US Military, please see the following links:

Work-Study Program

Federal Work-Study

The purpose is to provide part-time jobs for undergraduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

The Federal Work Study (FWS) program is Campus-Based grant that is provided by the Department of Education. In order to receive a Federal Work-study Allocation, the Dean of Enrollment must apply for these funds through the annual FISAP report each October 1st. Allocations vary and are based on enrollment and other financial information provided in the application. Federal Work-Study (FWS) jobs may be on or off campus. Off campus FWS jobs with federal, state, or local public agencies or private nonprofit organizations must be in the public interest.

Students may work up to 10 hours per week during the normal College semesters and may work up to 40 hours per week during the summer semesters, depending on FWS allocation available. Students participating in the FWS program will be paid an hourly rate of $11.50/hour, and will be paid by clocking in and out of the Kronos time clock system. These hours will be verified each pay period by the Assistant Director of Admissions and Financial Aid each pay period. Students will then be paid via direct deposit bi-weekly on Trihealth pay dates.

Eligibility for FWS runs during the regular academic year July 1st through June 30th. Eligibility is reviewed each academic year.

General Procedure

Before each semester (in July and October), the Financial Aid Office will communicate with the Skills Lab, those hiring tutors, and other areas of the College and Trihealth to see if they have someone interested in working for them. The Financial Aid Office will determine eligibility and inform students and supervisors if the student is qualified. At least 7% of work-study students in this program will be working for a non-profit outside agency as required by the Department of Education.

  • Complete Free Application to Federal Student Aid (FAFSA) so that we can determine eligibility.
  • Respond to the email letting the Financial Aid Office know you are interested.
  • Students will then be invited to apply for a specific job posting number through the TriHealth HR Employment process.
  • HR will contact the student to complete employment paperwork with their office. Students will go through the same steps that a regular TriHealth team member goes through. It will be the student’s responsibility to follow the steps and stay in close communication with the HR contact as well as the GSC Financial Aid Office so as not to delay the start of the specified job.
  • When all steps in the process have been completed, the Financial Aid Office will notify students of the work-study assignment or interview, (if requested by the supervisor) and start date. The student and supervisor of the department will determine the student’s work schedule.
  • Students are paid through the TriHealth payroll system. Direct deposit is available.


Students must have a current, valid Free Application for Federal Student Aid (FAFSA) on file and have need as determined by the College budget and cost of attendance. Each semester, the Financial Aid Office will send an email to all students who may qualify under the Federal Work-study program and are meeting the Standards for Satisfactory Academic Progress.

Institutional Work-Study

Students who are not eligible for Federal Work-study may be eligible for Institutional Work-study, if institutional funds are available. Those receiving institutional work-study are not required to have a completed FAFSA. Funds will be awarded and applied to student accounts.

Other Sources of Financial Aid

Veterans Administration
Approved for training of veterans

Local service clubs, churches, labor unions, companies, etc. offer grants and scholarships for college students. Also, search FinAid as a starting point for additional aid.

Ohio Board of Regents

State Grants and Scholarships (SGS) administers a variety of grant and scholarship programs to aid students as they pursue higher education.

Ohio Safety Officers College Memorial Fund

Provides tuition assistance to the children and spouses of peace officers, fire fighters and certain other safety officers who are killed in the line-of-duty, anywhere in the United States. It also provides assistance to the children and spouses of a member of the armed services of the US, who has been killed in the line of duty during Operation Enduring Freedom, Operation Iraqi Freedom or a combat zone designated by the President of the United States. The child is only eligible for this program if he/she is not eligible for the Ohio War Orphans Scholarship. Interested students should contact the Ohio Board of Regents.

Student Aid on the Web

The U.S. Department of Education provides students with resources on preparing for and funding education beyond high school.

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