Requirements for receiving financial aid

Following are the requirements for students to receive and maintain financial assistance at Rose-Hulman.

  1. Students who have earned a bachelor's degree will be considered for assistance only from the Direct Stafford, Parent and Additional Unsubsidized Loan Programs.
  2. Students must be enrolled at least half-time (at least six hours per quarter) to be considered for assistance from the Federal Perkins Loan, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, Federal Direct Stafford Loan and all Rose-Hulman institutional aid programs.
  3. Aid awarded to students enrolled less than full-time (at least 12 hours per quarter) will be allocated using a ratio of the number of hours for which the student is enrolled divided by the minimum full-time standard number of hours (12). This ratio will be multiplied times the original full-time award to determine the part-time allocation.
  4. Federal aid programs may be used to meet costs for students studying abroad. Students wishing to use financial assistance for study abroad must contact our office to make the necessary arrangements.
  5. Aid recipients must maintain satisfactory academic progress toward degree requirements.
  6. Student must be a degree-seeking student to receive financial aid.

Federal law suspends your eligibility for federal student aid if you have been convicted for the possession or sale of illegal drugs. However, this is only the case if the offense occurred during a period of enrollment when you were receiving federal student aid (grants, loans, and/or work-study). Additionally, a past conviction does not automatically mean that you are ineligible for federal student aid. You should still complete and submit your FAFSA as you might qualify for aid from other sources. Keep in mind, you don't need to count convictions that have been removed from your record or that occurred before you turned 18, unless you were tried as an adult.