FINANCIAL AID RESPONSIBILITIES
By accepting your financial aid award, you agree to comply with all federal regulations and Rose-Hulman policies.
FEDERAL AID REQUIREMENTS
To remain eligible for Federal Aid, you must maintain SATISFACTORY ACADEMIC PROGRESS (SAP). Only courses that count toward your graduation requirements are eligible for aid, and you must be enrolled in at least 6 credit hours that apply toward graduation. Federal Aid amounts may be adjusted if you are enrolled less than full-time (fewer than 12 credit hours).
You must not be in default on federal student loans or owe refunds on federal grants. Students pursuing a second bachelor’s degree are eligible only for federal loans, unless enrolled in an approved dual-degree or double-major program.
ROSE-HULMAN SCHOLARSHIPS & AID REQUIREMENTS
Rose-Hulman Merit Scholarship
This scholarship is renewable for up to four years and does not require a minimum GPA.
Rose-Hulman Grant
To be considered, you must file the FAFSA each year. Eligibility is determined based on FAFSA results for the specific academic year.
National Merit Finalist Scholarship
Recipients must maintain full-time enrollment (12 or more credit hours) to remain eligible.
Housing & Food Scholarship
Recipients must live on campus, and all housing and food charges must be billed through Rose-Hulman. Scholarship amounts adjust annually based on standard housing and food costs for students whose awards cover the full standard amount. Individual room charges above the standard (with roommate) rate are not covered.
For students receiving full housing and food scholarships, the award may be reduced by other institutional aid or federal grants. Some housing and food scholarships provide a fixed dollar amount, while others cover the full standard housing and food cost.
ROSE-HULMAN FINANCIAL AID & ENROLLMENT
Rose-Hulman financial aid is based on full-time enrollment. Changes in enrollment status may result in an adjustment to your award. Students who graduate mid-year are not eligible for aid in subsequent terms.
Rose-Hulman aid does not apply to summer, only to fall, winter and spring terms.
Undergraduate Enrollment Levels and Aid Amounts:
- Full-time (12+ credits): 100%
- ¾ time (9–11 credits): 75%
- ½ time (6–8 credits): 50%
- Less than ½ time (1–5 credits): No aid
Wait-listed, audited, and non-credit courses do not count toward enrollment. Full-tuition scholarship recipients who enroll part-time will have their awards adjusted based on actual tuition charges.
REPORTING ADDITIONAL AID
All scholarships or awards from outside sources must be reported to the Office of Financial Aid as soon as possible. If scholarship funds are sent directly to Rose-Hulman and applied to your student account, notification is not required.
Students must comply with NCAA Division III regulations, and scholarships cannot be tied to athletic participation for renewal.
Additional funding from outside sources may reduce or adjust your current financial aid award, even if funds have already been disbursed.
USE OF FUNDS
Financial aid is first applied to your student account, with any excess refunded to you. Aid cannot be used to pay prior-term balances, and funds awarded for a specific term may only be applied to charges incurred during that term.
OUTSIDE SCHOLARSHIP DISBURSEMENT POLICY
As of October 1st, 2023, all outside scholarship funds received from companies & organizations outside of Rose-Hulman will be split evenly between the fall, winter, and spring terms, unless the organization awarding the scholarship specifies in writing that the funds must be applied to a specific term. This policy has been created in response to Federal guidelines. To maintain continuity of processing, this policy applies to all students, not just those receiving Federal Student Aid.
Looking for additional scholarship opportunities? Check out our Outside Scholarship Resource Page for ideas of where to look!
CO-OP PROGRAMS & FINANCIAL AID
Co-op students are not eligible for financial aid for the quarters in which they are participating in their co-op. Students are considered enrolled at the university if they go through the proper Co-op process with Career Services, but the courseload is “zero” credit hours and a tuition charge is not assessed. Since there are no credit hours and there is no tuition charge, students are not eligible for financial aid.
Your financial aid notification is based on a full academic year (fall, winter, spring terms) of full-time enrollment. If your plans change, your award will be adjusted accordingly, including for students who may choose to go on co-op during the fall, winter, or spring terms.
During the terms for which a student is on co-op, financial aid is put on hold and no awards are disbursed onto the student’s account for that term or terms. If a student plans to enroll in courses while on co-op, we recommend you meet with a financial aid counselor to determine your eligibility for financial aid at less than full-time status.