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Financial aid opportunities

Rose-Hulman Merit Scholarship
Rose-Hulman Merit Scholarship is awarded to students based on a number of factors, both academic and non-academic. All admitted students are automatically considered for Rose-Hulman merit scholarship. Two criteria are used to determine the award:

  1. Academic measures: These include the quality of the high school curriculum a student has pursued, class rank and size (if applicable) and test scores.
  2. Non-academic measures: These typically center around, but are not limited to, extracurricular activities, leadership and community service.

Other Scholarships
Rose-Hulman Named Scholarships are limited in number and have specific restrictions placed on them by the donor. All students who meet eligibility requirements for these awards will automatically be considered. In most cases, the Rose-Hulman Financial Aid Committee will award these scholarships based on the information provided in the student's admission file.

National Merit Finalist Scholarships are awarded by Rose-Hulman, corporations and the National Merit Foundation. The awards range from $1,000 to $2,000 depending upon a student's financial need. Once a student has taken the PSAT, the student is automatically considered for National Merit Scholarships.

Local scholarships are typically good at any college the student chooses to attend. Individuals who are Rose-Hulman caliber students are usually very competitive for these awards. Check with your high school counselor for more information about these opportunities. Indiana residents should be sure to talk to their counselors about the Lilly Scholars program, a full tuition opportunity available by competition in each county of the state.

ROTC scholarships from the Army and the Air Force can be used at Rose-Hulman. Awards cover a percentage of tuition, an allotment for books and a monthly stipend during the academic year to cover miscellaneous expenses. Winners of four year ROTC scholarships receive the cost of room/board, if possible, from Rose-Hulman.  Deadlines for ROTC scholarship applications are typically in December. Contact the Rose-Hulman ROTC detachments for more information.

Grants
The federal government currently funds two grant programs: the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (SEOG). Students must complete a FAFSA to be considered for these awards. The maximum Pell Grant and SEOG in 2010-11 are $5,500 and $1,000, respectively.

Indiana residents who file a FAFSA are automatically considered for the Indiana Higher Education, Freedom of Choice and Twenty-first Century grants. The federal processor must receive the FAFSA before the March 10 deadline to be considered for Indiana state aid. Eligibility for these awards is dependent on financial need. The maximum award from the state of Indiana to a student attending a private college and meeting all the requirements of these three programs in 2010-11 is $7,056.

Loans
Loans are handled independent of Rose-Hulman. We have compiled the following list of the most common loan sources to help you investigate this financial aid option.

Federal Stafford Loan
Stafford Master Promissory Note
Stafford Entrance Counseling

Federal Perkins Loan
Federal Parent (PLUS) Loan

Alternative Student Loans

For additional information about Financial Aid please visit our Financial Aid Office.