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Graduate Studies - Financial Aid

Tuition grants, loans, and graduate/research assistantships can help you cover the costs of graduate study. Here are our basic guidelines for helping you afford graduate school at Rose‑Hulman.

Graduate Study Financial Aid

We offer three types of financial aid for graduate students: Tuition Grants, Graduate or Research Assistantships, and Loans. We give preference to students who lack other support.

Tuition Grant for full-time, on-campus students

We award tuition grants upon the recommendation of the Graduate Studies Committee. We award these grants to selected, new, full-time students employed less than 20 hours per week for a maximum of five consecutive quarters of graduate study.

We initially award tuition grants to first-term students (not on probation) at the highest discount level: 100 percent for thesis and project-based students or 40 percent for course-based students. As long as you are making satisfactory progress toward your degree with a cumulative GPA of 3.5 or greater, your tuition grant will remain in effect at the maximum level through the full five quarters.

If your cumulative GPA falls below 3.5, your tuition grant will be adjusted according to the grant formula below:

Table 1. Tuition Grant discount rate based on GPA for all full-time on-campus graduate students

Cumulative GPA

Course-based

Thesis/Project-based

≥ 3.5

40% discount

100% discount

≥ 3.25 and < 3.5

30% discount

75% discount

≥ 3.0 and < 3.25

20% discount

50% discount

< 3.0

No Tuition Grant

No Tuition Grant

If you were on academic probation when admitted, you may apply for a tuition grant after completing 12 credit hours of graduate-level study with at least a 3.0 GPA. Your grant amount will be determined based on the table above.

If you want to switch from a thesis/project-based program to a course-based program, you must do so before the start of the fourth quarter of your study. Students that wish to switch from a thesis/project-based program to a course-based program must do so before the start of their 4th quarter of graduate study.  Switching from a thesis- to project-based program means we will retroactively bill you as a course-based student for the quarters you were a thesis-based student. There are no financial ramifications if you switch from a course- to a thesis/project-based, but all policies for a thesis-based program will be applicable for the remainder of your program.

If you change your major and/or program, you will forfeit all financial aid, although you may reapply for assistance.

Aid is not available if you are working simultaneously on your undergraduate degree and your graduate program. However, once you complete your undergraduate program, you may apply for financial aid.

If you are a full-time, on-campus student requiring a sixth quarter tuition grant, you must submit a request to the Associate Dean of the Faculty by the Friday of first week of the fifth quarter.

Tuition Grant for part-time and/or off-campus students in Engineering Management and Software Engineering Programs

Students enrolled in fewer than 12 credit hours per quarter are considered part-time students (exceptions are applied to graduate students with a graduate assistantship from Student Affairs). Therefore, part-time students and/or off-campus students are not eligible for the similar financial benefits of full-time, on-campus students. Students participating in a paid, full-time co-op, internship or employed full time are not eligible for full tuition grants.

We provide the highest discount of 40 percent for students initially admitted without probation. Your discount will remain at that level as long as you are making satisfactory progress toward your degree with a cumulative GPA of 3.5 or better. If your GPA falls below 3.5, your tuition grant will be adjusted per the table below:

Table 2. Tuition Grant discount rate based on GPA for all part-time and/or off-campus graduate students

GPA

Tuition Grant Amount

≥ 3.5

40% discount

≥ 3.25 and < 3.5

30% discount

≥ 3.0 and < 3.25

20% discount

< 3.0

Probation – No Tuition Grant

Graduate Assistantship and Research Assistantship

We will automatically consider you for a graduate assistantship if you are admitted to a thesis-based master’s program on a non-probationary status. Rose-Hulman awards graduate assistantships to selected, new (incoming), eligible, full-time students for three quarters of their first academic year by the Associate Dean of the Faculty upon recommendation of the Graduate Studies Committee and are valued at $3,000 per quarter.

Students in the project-based MS in Engineering Management program will be eligible to apply for a graduate assistantship for the academic quarter in which they begin their project work (enrolled in EMGT 590) upon the recommendation by the Engineering Management department and the Graduate Studies Committee. Furthermore, these students will only be eligible for a maximum of three quarters of graduate assistant awards.

Graduate assistants perform duties as assigned by their departments. This typically requires 12 to 15 hours of service per week. Graduate academic work, together with an assistantship, requires a full-time effort. As 12 credit hours per quarter is a full-time load for a graduate assistant, students receiving graduate assistantships should not accept additional outside employment.

Students should not expect graduate assistantships awards beyond the fourth quarter of graduate study. Graduate assistantships are awarded for an entire quarter and no student should request an assistantship if she/he will not be available for the entire quarter.

Table 3 shows how tuition grants are included with graduate assistantships and are awarded as explained above. Graduate students enrolled in course-based master of engineering programs are not eligible to receive graduate assistantships.  In addition, part-time and/or off-campus graduate students in the Engineering Management and Software Engineering programs are not eligible to receive graduate assistantships.

Table 3. Graduate Assistantship eligibility based on GPA for full-time, on-campus graduate students

GPA

Course-based

Thesis/Project-based

≥   3.5

Not eligible

Eligible to receive GA

< 3.5

Not eligible

No GA

Faculty with funded projects award research assistantships and direct the student’s research. Students receiving a research assistantship are not to accept any additional employment. Research assistantships are renewed at the discretion of the faculty member upon satisfactory performance by students in research and in the classroom. 

Financial Aid Eligibility Deadlines

Term

Domestic Applicant Deadlines

Fall

February 15*

 

July 1^

Winter

October 1^

Spring

January 15^

 

Term

International Applicant Deadlines

Fall

February 15*

 

April 1^

Winter

August 1^

Spring

November 1^

 * Tuition Grant and Graduate Assistantship Consideration

^ Tuition Grant Consideration Only

Loans

Student loans are available in the form of unsubsidized Stafford, Graduate PLUS, or private loans and are administered by the Office of Financial Aid. Contact Financial Aid at 812-877-8672 or finaid@rose-hulman.edu for more information.

Student Employment

We normally reserve on-campus employment opportunities for undergraduate students who hold Federal Work Study and Rose-Hulman Work Opportunity awards. However, graduate students without a funding source such as a graduate assistantship, international fellowship, or research assistantship are welcome to inquire about any open positions that may be of interest to them.

Exterior view of Myers Hall

John T. Myers Center for Technological Research with Industry

This 40,000-square-foot facility is devoted to student and faculty project work. The center provides space and specialized instrumentation for students and faculty to engage in engineering design projects for external clients. There is ample laboratory space for project-based education.

Female student wearing goggles works with apparatus

JRSI Laboratory

In this lab, you will have the opportunity to work side by side with surgeons, faculty and engineers to design, execute and present scientific investigations in an effort to develop engineering solutions to clinical problems. Mechanical testing in the lab is conducted utilizing a state-of-the-art biaxial materials testing machine.

Group of students talk while sitting at their desks with computers

Rose-Hulman Ventures

Rose-Hulman Ventures is a program that brings together students and technology-based companies. For students, the program provides the best engineering professional practice experience possible. In turn, this provides businesses with prototypes, refinements to the design of existing products and expansion in current engineering capabilities. The facility is on the south campus of Rose-Hulman.

Dr. Craig Downing

Dr. Craig Downing

Dr. Craig Downing is the Director of Graduate Studies, Interim Dean of Lifelong Learning, and Head of the Department of Engineering Management. He holds degrees in mechanical engineering, mathematics and statistics, manufacturing systems and workforce education and development.