Merryfield Academy Financial Aid Mission Statement
Financial Aid Mission Statement
To accomplish this mission we will:
- Provide quality customer service to students from a knowledgeable and professional staff committed to providing accurate, clear information appropriate to their individual needs.
- Provide accessibility and opportunities for students to apply for financial aid via computers, forms, publications and personalized assistance.
- Award financial aid in equitable and consistent manner.
- Protect the privacy of students and assure the confidently records and personal circumstances.
- Respect the dignity and diversity of each student.
- Evaluate and update our programs regularly to ensure effectives.
Tuition and Fees
Tuition for the Pet grooming course is charged per payment period and is determined by your residency status. The following costs have been established by the Director of the School for the 2017-2018 per academic year. They are subject to change.
Tuition per Payment Period *
1-300 clock hour…………..…. $5,400
301-600 clock hours…………..$5,400
Equipment and Supplies….…. $1,200
*Tuition rates, equipment and supplies fees are subject to change during the academic year.
Although the cost of being a student at Merryfield Academy is low compared to any other Pet Grooming School, educational expenses can strain your budget. Merryfield participates in federal and state programs in order to offer eligible students several options for financial aid.
Understanding Your Financial Aid Awards
The Financial Aid Office calculates awards based on full-time enrollment (18 hours per week for full-time enrollment and 15 hours per week for night classes is the minimum for fulltime enrollment).
- GRANTS — are financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)
- Grants are awarded as a result for financial need. Applying for grants is done by completing the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov
The most common grants include the Pell Grant
Enrollment 600 Hours
Pell Grant /Loan Amount Prorated Amount
- STUDENT LOANS, unlike most grants are borrowed money and must be repaid, with interest. There are two types of Federal Stafford Loan: subsidized and unsubsidized. Students must demonstrate financial need to receive a subsidized Stafford Loan. Financial Need is not a requirement to obtain an unsubsidized Stafford Loan. The Department of Education will pay (subsidize) the interest that accrues on subsidized Stafford loans while the student is enrolled in a qualified certificate program, on at least a half-time basis. The student is responsible for paying the interest on the unsubsidized loan from the time it is disbursed until the loan is paid in full. Students will pay the interest while in school or they can allow the interest to accrue (accumulate) have the interest added to the principal amount of your loan.
The website below shows interest rates disbursed between July 1, 2017 and June 30, 2018. Please visit https://studentaid.ed.gov/types/loans/interest-rates for updated information on interest rates and fees.
The interest rate are now is 4.45% on subsidized Stafford loans and unsubsidized Stafford Loan between July 1, 2017 and June 30, 2018 and 6.31% on Parent Plus loans. Repayment of Stafford Loans begins six months after you cease to be enrolled at any post-secondary school on at least a half time basis. Standard repayment is spread out over a ten year period of time; however, other repayment options are available.
- Please visit https://studentaid.ed.gov/types/loans/interest-rates for updated interest rates.