Starting the Financial Aid Process


Wondering how you’re going to pay for your education? You’re not alone.  At Gwynedd Mercy University, we’re committed to making the financial aid process as easy to navigate as possible. That way, you can feel confident that a Gwynedd Mercy University education is within your reach.


 

Qualifying for Financial Aid

Did you know that 100 percent of our first-time, full-time students received some form of financial aid in 2016-17? It's true! While part-time students taking at least six credit hours per semester may be considered for state and federal aid funds, institutional aid is reserved for full-time undergraduate students seeking their first bachelor's degree. Institutional scholarships are offered to both qualifying incoming freshmen and transfer students.  

Applying for Aid

STEP 1: Complete the Free Application for Federal Student Aid (FAFSA). Request a paper copy by calling 800-4FED-AID (800-433-3243). The Prior Prior Year FAFSA, which is available beginning October 1st, will be used to determine your eligibility for federal and institutional need-based aid for the 2018-2019 academic year. Have questions? Check out GMercyU's FAFSA Quick Tips (PDF) or check out this video below: 

FAFSA Filing Deadlines for the 2018-2019 Academic Year : 

  • December 1    Priority Deadline for new students seeking a Presidential, Cristo Rey or E-Stem scholarship
  • January 15      Priority Deadline for all other new students.  First-time students who submit their FAFSA by this date will be eligible to receive a $1,000 FAFSA submission grant.
  • March 15th     Priority Deadline for returning students 
  • April 30th       Final deadline for filing the FAFSA if you're interested in receiving a PHEAA grant.

    In order for GMercyU to provide you with a financial aid award package, you will need to include our FAFSA code on your FAFSA submission.  

    GMercyU's FAFSA code is: 003270

    NOTE:  If you are not planning to file the FAFSA, please let your admissions counselor or the Office of Financial Aid know right away.  That way we can issue a financial aid award letter that includes any institutional merit or other scholarship aid awarded to you, along with your cost of attendance.

    STEP 2: Complete the appropriate Gwynedd Mercy University financial aid application. 

    • New and transfer undergraduates enrolling in an online/accelerated program should submit the University's financial aid application as soon as possible after applying for admission.
    • Returning undergraduate students should submit the University's financial aid application by March 15.
    • Graduate students should submit the University's financial aid application as soon as possible after applyng for admission. 

    STEP 3: Submit requested documentation (for example, federal tax returns or W-2 forms).  

    NOTE:  All communication will be sent to the email address provided on your FAFSA.  Please check that email regularly so you can respond to questions and/or requests for additional documentation.

    STEP 4: Submit FERPA consent form (PDF), which gives us permission to speak with specific people regarding your financial aid.

    STEP 5: Review financial aid award letter and financial aid terms and conditions (PDF), submit signed copy of the award letter to us, and keep a copy for your records. 

    While our financial aid staff is available to answer any questions you may have along the way, we can’t evaluate and issue an award package based on an incomplete application. Please be sure to provide all documentation requested.

    For a quick review of the FAFSA process, take a look at our FAFSA Quick Tips (PDF).

    IRS Verification

    If you have been selected to undergo the federal verification process, you must promptly submit additional tax documentation:

    Student IRS tax return transcript, which can be found at http://www.irs.gov/
    Parent IRS tax return transcript, which can be found at http://www.irs.gov/
    You can find the appropriate Verification Worksheet on the Applications and Forms page.

    Your Aid Award

    You will receive a letter detailing any aid for which you are eligible. Our aid packages account for tuition, fees, room, board, books, supplies, transportation, and miscellaneous expenses.

    A typical aid package includes grants or scholarships, a low-interest student loan, and campus employment (up to 15 hours per week). Undergraduates will likely receive the same amount all four years as long as you reapply annually, you continue to meet all conditions of the award, and your need remains essentially unchanged. 

    Any outside aid you receive (like a scholarship from a local organization) may impact your award.

    Federal Direct Loan Recipients

    If you are receiving Federal Direct Loans for the first time, you must complete the entrance counseling and master promissory note before you can receive loan funds.

    Family Circumstances

    Some important information for families:

    Even if you do not qualify for aid as an entering student, you may become eligible if there is a change in family circumstance (for example, a sibling starting college).

    In the case of a dependent child in your family going to college at least half-time for at least one semester, the calculated parental contribution is divided equally between each child.

    Even if your parents have not yet filed their taxes, you shouldn’t delay filing your FAFSA—you can include estimates, and should complete the FAFSA as soon as possible after it is released in October.

    If your parents are divorced, the FAFSA only requires financial information for your custodial parent (and step-parent, if applicable).

    As an undergraduate, you can only be considered a self-supporting dependent student if you are 24, married, a veteran, have a dependent other than a spouse, or are an orphan or ward of the court.

    Contact Us

    Main Campus undergraduate and graduate students

    FinancialAid@gmercyu.edu
    Phone: 215-646-7300 ext. 216
    Fax: 215-641-5556
    Monday – Thursday: 8 a.m. - 5 p.m.
    Friday: 8 a.m. - 4 p.m.

    Mailing address:
    1325 Sumneytown Pike
    P.O. Box 901
    Gwynedd Valley, PA 19437

    Online/accelerated students in the School of Graduate and Professional Studies

    accelerate@gmercyu.edu
    Phone: 877-499-6333 (toll-free)
    Fax: 215-643-9104
    Monday – Friday: 8 a.m. – 7 p.m.

    Mailing address:
    1325 Sumneytown Pike
    P.O. Box 901
    Gwynedd Valley, PA 19437