Financial Aid Philosophy
Ohio Medical Career College strongly believes that the availability of a high-quality education should depend on a student's academic ability, determination, and discipline, not their financial status. OMCC has been partnering with various financial aid programs and finding financial options to respond to a wide range of economic circumstances.
OMCC does not use financial need as a consideration in assessing a student's eligibility for admission. The admission and financial aid processes are separate and distinct. No decisions regarding financial aid are made until the student is accepted.
The Financial Aid Office manages the financial aid process and serves as the liaison between students and OMCC. OMCC safeguards the confidentiality of all financial aid information supplied by applicants and does not publicly identify recipients of financial aid.
We understand that even with assistance, paying for college is not easy. The various programs outlined on this page, however, can make paying for school manageable.
Federal Student Aid (FSA)
Ohio Medical Career College is approved by US Department of Education to participate in the Federal Student Aid (FSA) programs. Federal student aid funding can be used for One Plus One Nursing (RN) and Practical Nursing (LPN) programs.
The following financial aid programs are available to eligible OMCC students:
- Federal Pell Grants - A Federal Pell Grant is not a loan and does NOT have to be repaid. Pell Grant is considered the foundation of federal financial aid to which aid from other federal and non-federal sources (such as WIA) might be added. The maximum Pell Grant award for the 2014-15 award year (July 1, 2014 to June 30, 2015) is $5,730. The exact amount of a Pell Grant depends on financial information provided by a student on a Free Application for Federal Student Aid (FAFSA).
Note: While the Pell Grant is not a loan, a student may still be required to pay back part of the grant if the student does not complete a term for which the grant was issued.
- Federal Direct Subsidized Stafford Loans - These are low-interest loans that DO need to be repaid to the government. The interest is "subsidized" or paid by the federal government while a student is in school and during a 6-month grace period after a student leaves school or graduates. The subsidized loan is need-based and eligibility depends on a student's financial need as determined by information supplied on a FAFSA. You cannot be in default on a previous student loan, owe a repayment of other federal financial aid, or be enrolled in less than 6 credit hours of classes. The actual amount of a subsidized loan is affected by several factors, including number of hours enrolled and other financial aid funding.
Note: Accepting a loan means accepting the responsibility for repaying the money you borrow including interest costs and fees. You may ONLY use the student loan to pay for your education expenses at the school that is giving you the loan. Before requesting a loan, make sure you find out the true costs, interest rates, and how long it will take to repay the loan. Learn more on the Federal Student Aid website. Be a smart borrower!
- Federal Direct Unsubsidized Stafford Loans - Most students eligible to participate in Federal Student Aid qualify for an unsubsidized loan. With an unsubsidized loan, interest is charged from the time loan funds are disbursed. Interest may be paid while in school and during a grace period, or may be added to the principal balance of the loan (capitalized).
- Federal Direct PLUS Loans - If additional funds are needed beyond these base amounts, parents of dependent students may borrow through the PLUS loans (PLUS) program.
All federal student aid applicants must complete the FAFSA (Free Application for Federal Student Aid). The application is free and you will need to provide information on your income (or your parents) for the previous calendar year. You will need OMCC's school code, 041773, for your FAFSA.
Your financial aid information will be received by OMCC Financial Aid Office approximately 7 to 10 business days after you complete the FAFSA to begin processing. Students should file their FAFSA/add OMCC School Code at least 4 weeks before the preferred program start date to ensure adequate processing time by the financial aid office.
Workforce Investment Act (WIA)
The Workforce Investment Act of 1998 (WIA) is designed to provide quality employment and training services to help eligible adults find and qualify for meaningful employment.
Ohio Medical Career College is an approved training provider for Ohio Workforce Investment Act funds. WIA funding can be used for Registered Nursing (RN), Practical Nursing (LPN), Nursing Assistant (CNA/STNA), Phlebotomy, and Billing & Coding training programs.
To see if you are eligible to receive assistance, please contact your county WIA office.
Trade Adjustment Assistance Act (TAA)
The Trade Act program provides a variety of re-employment services and income support to assist individuals who have become either unemployed or had hours reduced as a result of increased imports from, or shifts in production to, foreign countries. TAA services may be expanded to secondary workers of businesses or suppliers to the primary company, firm, or petitioning workers who filed the TAA petition.
Veteran Education Benefits (G.I. Bill®)
The G.I. Bill® is designed to provide college or vocational education for eligible service members and veterans. In 2008, Congress passed the Post-9/11 Veterans Educational Assistance Act which greatly expanded the educational benefits for military veterans who have served since September 11, 2001.
The following benefit programs are administered by the Veteran's Administration:
- Montgomery GI Bill® - Active Duty (MGIB)
- Montgomery GI Bill® - Selected Reserves (MGIB-SR)
- Post-9/11 Educational Assistance Program (Post-9/11 GI Bill®)
- Veterans Educational Assistance Program (VEAP)
- Survivors & Dependents Educational Assistance Program (DEA)
Ohio Medical Career College accepts veteran education benefits. GI Bill® funding can be used for Registered Nursing (RN), Practical Nursing (LPN), Phlebotomy, and Billing & Coding training programs.
If you are eligible to receive assistance, please identify your chapter program (ie. Chapter 30, Chapter 33, etc) and apply online via Veteran Administration's VONAPP interface. Bring a printed copy of completed application form as well as your Certificate of Eligibility (CoE) to the Admission Office to begin the enrollment process.
To see which benefits you qualify for, please contact VA Adminstrative Office at 1-888-GIBILL1 (1-888-442-4551). Wait time can be long, try pressing #1 then number 0 to decrease respond time.
* GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at http://www.benefits.va.gov/gibill.
Bureau of Vocational Rehabilitation (BVR)
The Bureau of Vocational Rehabilitation (BVR) provides grant programs for undergraduate students with disabilities. The Rehabilitation Services Commission in the student's state of residence determines a student's eligibility. Students with disabilities who are interested in applying should contact their local BVR office to begin the process.
Ohio Medical Career College is an approved training provider for BVR benefits. BVR funding can be used for Nursing Assistant (CNA/STNA), Phlebotomy, and Billing & Coding training programs.
Dayton BVR Office
1435 Cincinnati St, Suite 200
Dayton, OH 45417
Tel: (937) 331-5000
Fax: (937) 331-5052