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Terms & Conditions of Your Financial Aid Offer

Receiving Financial Aid involves some requirements on the part of the recipient. Here are the terms and conditions of financial aid at Rose-Hulman Institute of Technology.

Terms and Conditions of Aid

When you accept the offer of financial aid specified on your Award Notification, you agree to accept and fulfill the following responsibilities, including the terms and conditions set by the federal regulations for financial aid.

Additional assistance

If you receive additional funds not listed on your Award Notification (scholarships, departmental awards, outside scholarships, etc.), report them immediately to the Office of Financial Aid, even if you know the office making the award will advise us directly.

If there is any change to your financial aid eligibility, because of the additional assistance, you will receive email notification that you have a revised Award Notification available. Whenever you receive additional assistance, your awards may be adjusted or reduced, even if your aid has already been disbursed to you.

Previously received Title IV federal aid

You must not be in default on any federal educational loans or owe any refunds on federal grants received at postsecondary institutions.

Use of Funds

You may use funds listed on your Award Notification only for education expenses incurred at Rose-Hulman for the 2017/2018 academic year (Fall/Winter/Spring terms).

Some scholarships, such as the Frank O’Bannon and Twenty First Century Scholarship, have tuition-only stipulations (they must not be used for expenses other than tuition).

Your financial aid awards directly to charges on your RHIT student account (including tuition, some fees, housing, and other charges). Funds in excess of these charges at the time of disbursement will be released to you in the form of a “refund”. If subsequent charges are made to your student account, it is your responsibility to pay them.

Financial aid does not cover certain charges. Check your account balance at least once a month to be sure you do not have unpaid charges.

Financial aid awarded for a specific term can only be used to pay for charges for that term, and the aid can only be disbursed to you/your account for that same term. It cannot be used to pay prior term balances.

Enrollment requirements

Full-time enrollment. We assume that you will enroll full-time in a degree program at Rose-Hulman. Your financial aid cost of attendance budget includes an allowance for tuition at a full-time rate. Students must be enrolled at least half-time in for-credit classes to receive any financial aid. Non-credit classes are not eligible for financial aid. If you enroll less than full-time but at least half-time (6 credit hours), all your aid except Direct Loans will be reduced based on your level of enrollment. Note that:

    Some scholarships require full-time enrollment before disbursement.

Wait-listed classes, not-for-credit classes and classes that you are auditing do not count towards your enrollment.

Less-than-full-time enrollment may reduce future aid eligibility and Satisfactory Academic Progress.

Reducing enrollment levels. Our office monitors enrollment levels (number of credit hours taken) each term. If you drop courses and fall below the minimum credit hour requirements, you may be required to repay all or part of the aid you received. If you consider dropping a class, it is important to discuss your situation fully with a financial aid officer before doing so.

Attendance. The Office of Financial Aid is required to verify that students who received a non-passing grade (any grade other than A, B, C, D or P) in any class actually began attending the class. If you receive an “I” in a course or no grade is reported, we will follow up to determine whether or not you attended the class.

Satisfactory Academic Progress. To remain eligible for financial aid, students must make satisfactory progress toward completion of degree requirements.

Undergraduates with one or more bachelor’s degree(s). Undergraduate students who have received one bachelor’s degree and are pursuing a second degree in another program will only be eligible for loans. However, a student enrolled in an approved dual-degree program or who is a double major may qualify for aid.

Melinda Middleton

Melinda Middleton

Melinda Middleton oversees Rose-Hulman’s Office of Financial Aid as the department’s director. She and the rest of the Financial Aid staff can help you make sense of the loans, grants and scholarships available. They take pride in helping our students find ways to make a Rose-Hulman education an affordable investment in their future.

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Contact Us

Office of Financial Aid
Hadley Hall 104
Rose-Hulman Institute of Technology
5500 Wabash Avenue
Terre Haute, Indiana 47803
Phone: 812-877-8672
Fax: 812-877-8838
finaid@rose-hulman.edu