Rose‑Hulman Financial Aid Award Notification

Overview

Financial Aid Basics

Financial Aid Notification: Quick-Start Guide

This guide explains the key parts of your Rose-Hulman financial aid award and what to expect next.

Current Students

Finding Your Award on Banner Web

Prospective Students

The Financial Aid Notification will be available on your Rose-Hulman applicant portal through May 1st.   

What’s Included in Your Financial Aid Notification

You are considered for all available financial aid based on the information we have when your award is created. If a type of aid is not listed, it may be because:

  • You were not eligible
  • Funds were no longer available
  • We have not yet been notified by the donor/organization (ex. Lilly, National Merit, ROTC)
  • Your FAFSA has not been received and processed

Your award may change if your financial need changes, you receive outside scholarships, or your FAFSA information is updated.

Cost of Attendance

Your award shows the estimated total cost of attendance, including:

  • Tuition, fees 
  • Housing and food (the housing cost is an estimated average)
  • Books, supplies, transportation and miscellaneous expenses (estimated averages)

Student Aid Index (SAI)

Your Student Aid Index (SAI) comes from your FAFSA and represents your family’s ability to contribute toward college costs.

  • SAI is subtracted from the cost of attendance
  • The difference helps determine your eligibility for need-based aid

Types of Aid You May See

Gift Aid (No Repayment Required)

  • Pell Grant (based on SAI and enrollment)
  • FSEOG (for students with highest need)
  • Indiana State Grants (Freedom of Choice, Frank O’Bannon, 21st Century Scholar – FAFSA due April 15)
  • RHIT Grant (need-based, funding dependent, FAFSA required)
  • Rose-Hulman Merit Scholarship (automatic renewal, no GPA requirement)

Self-help Aid

Enrollment Matters

Your financial aid notification is based on full-time enrollment (12+ credits) for the academic year.  Aid will be adjusted if your enrollment changes to part-time status.

Students graduating at the end of a term are not eligible for undergraduate aid in future terms.

Wait-listed, audited, and non-credit courses do not count toward enrollment.

Award Changes & Notifications

If your award is adjusted, you will be notified by email and directed to review updates in Banner Web.

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