Office of Financial Aid

How to Qualify

Eligibility Requirements

NEOMED’s Financial Aid office follows the US Department of Education’s policy when determining students eligibility for financial aid. Institutional policies regarding student eligibility can be found in our resource library.

We recommend students apply for both Federal Direct Loans and NEOMED’s Campus Based Aid Program. Federal Direct Loans include Direct Unsubsidized Loans and Direct GradPLUS Loans. The Campus Based Aid Program includes financial need based scholarships, grants, and loans. Those students applying for Campus Based Aid will have additional steps during the application process.

Dependency Status

All students are considered independent of their parents for financial aid purposes once they reach the graduate/professional level. However, NEOMED requires parental data on the FAFSA for those students wishing to apply for campus-based aid. These programs have limited allocations and must be awarded to the neediest students. Most students are unable to work while attending school and therefore may appear equal when looking at student income and assets, NEOMED looks at the next available resource a student may have, his or her parents. Parental data is used to make a distinction between those students whose parents have the ability to provide financial assistance and those students whose parents are unable to help. As in all other financial aid considerations, ability to pay rather than willingness is key.

Exemption to omit parental data from FAFSA

Students can qualify for an exemption to omit parental data from their FAFSA and still qualify for most campus-based aid.  To qualify for an exemption, you must meet one of the following requirements:

  • Age 26 before June 1 of given Award Year
  • Federal Pell Grant Lifetime Eligibility Used at or above 150%
  • Veteran of the United States Armed Forces

 

To view your Pell Lifetime Eligibility Used (LEU) percentage, log in to National Student Loan Data System (NSLDS).  Your Pell LEU will be found on the Financial Aid Review page.  You can also find your Pell LEU on your Student Aid Report (SAR) sent by Federal Student Aid after completing your FAFSA. You can review your SAR online on the FAFSA website.

College of Medicine students: Please note that you must provide parental information to be considered for the Loan for Disadvantaged Student as well as the Primary Care Loan.

Please complete the Campus Based Aid Waiver if you would like to request to omit parent data from your Campus Based Aid Application. Students must complete the Campus Based Aid Parental Waiver annually.

Special Circumstances

Students may experience mitigating circumstances that are not reflective on their application materials. Students have the ability to review our special circumstance policy and submit an appeal for consideration. NEOMED special circumstance policy and appeal form is located on our resource library.

Questions? Please Contact:

Office of Financial Aid
Phone: 330.325.6286
Email: finaid@neomed.edu
Fax: 330.325.5905

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