Southside College of Health Sciences receives financial support for student scholarships from endowed funds, community organizations, and foundations that provide funds for students who meet their qualifications and requirements. This assistance is applied to the costs for the specified academic year.
State & Federal Program
Lifetime Learning Credit
A tax credit (up to $2000) of total qualified tuition and related expenses of the students in the taxpayer’s family (i.e., the taxpayer, the taxpayer’s spouse, or an eligible dependent) who are enrolled in eligible educational institutions. A taxpayer cannot claim both a Lifetime Learning Credit and a Hope Scholarship Credit for the same student in the same year.
Federal Pell Grant
Grants are awarded to eligible undergraduate students who have not earned a bachelor’s or professional degree. Eligibility is based on need, credit hours enrolled and PELL lifetime eligibility usage.
William D. Ford Federal Direct Loans
The U.S. Department of Education provides funds that are guaranteed by the federal government. Student loans are borrowed money that must be repaid with interest. Students must be enrolled at least six (6) credit hours each semester to be eligible. Returning students must have earned at least twenty-four (24) credit hours to be eligible to borrow a second-year loan.
There are two types of Federal Direct Stafford Student Loans:
- Subsidized loans are available to students who demonstrate sufficient financial need;
- Unsubsidized loans are awarded to students who do not demonstrate financial need and are responsible for the interest for the entire life of the loan.
All students graduating or withdrawing from SCHS who have accepted and received Title IV funds (Federal Pell Grant and Federal Stafford Loan) must complete a mandatory exit counseling via www.studentloans.gov
Federal PLUS Loans to Parents
Long term loans made to parents of dependent students. A separate application is required.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Grants awarded to undergraduate students who have not earned a bachelor’s degree. Eligibility and award are based on financial need.
Tuition Work Waiver
Southside Medical Center offers a Tuition Work Waiver Program for students enrolled in the Nursing Program at Southside College of Health Sciences. Students who have completed their first semester with a grade of “C” (80 or above) in nursing are eligible to apply. Information and applications for this program are provided at the conclusion of the first semester.