Other Policies
Outside Gift Aid Policy
Students should notify the Financial Aid Office if they are receiving any privately funded scholarships or grants, other than those previously listed, by submitting a photocopy of any scholarship notifications and information on the availability of these funds for subsequent years. The University will then be able to notify students of any impact on their financial assistance package.
Immaculata Institutional Employment
The Immaculata Institutional Employment Program provides limited on-campus employment opportunities to students who do not qualify for federal college work-study. Students are paid on a monthly basis for the hours worked the previous month. Institutional employment earnings are not deducted from the student’s charges; the student may however sign the check over to the University as payment toward the balance due. Do not include Immaculata Institutional Employment as a credit for payment of tuition, fees or room and board. Immaculata Institutional Employment opportunities are limited and approved by the Office of Financial Aid. Please direct all questions and or requests for additional information about this opportunity to the Office of Financial Aid.
Private Educational Loan Program
Students can apply for private educational loans as a supplement to traditional federal and state sources of financial aid. Immaculata University encourages all students and families to first apply for federal and state financial aid. Private educational loans are loans offered by banks or lending institutions to help students and families bridge the gap between the cost of education and the amount of other financial aid received. These private supplemental loans are NOT guaranteed by the federal government. Unlike federally guaranteed student loans, lending institutions that offer private educational loans may impose certain eligibility requirements and varying terms. In most cases, the student and/or co-signer must have a good credit history and a low debt-to-income ratio. Since a credit check is likely, not everyone is approved for a private educational loan.
Special Circumstances
If, after filing for financial aid, the student or the student’s parents experience a reduction in income due to unemployment, divorce or separation, death, loss of untaxed income, or other circumstances, he or she must contact the Financial Aid Office. The student may be eligible to receive increased financial assistance due to a special condition and will need to find out what information is required to determine your eligibility.