rasmussen.edu | 888-5-RASMUSSEN ACADEMIC INFORMATION AND UNIVERSITY POLICIES There are three basic types of aid available to Rasmussen students: • Loan funding through various state and federal student loan programs. These funds must be repaid. • Gift Aid, also known as grants, is assistance you do not have to pay back and is usually based upon financial need. • Employment through work study programs may provide relevant work experience and decrease the necessity of borrowing student loans for living expenses. Once a student has had their financial aid eligibility determined, a payment plan will be created for any balance still owed the University. If a student has not submitted all requested financial aid eligibility documentation by the beginning of the fifth week of the quarter, a payment plan will be created for the full balance owed. The student still has the opportunity to submit all requested financial aid eligibility documents to have their aid eligibility determined; however, the payment plan will remain active until such time as the balance is paid in full. Financial Aid Disbursement: A student must be officially accepted to Rasmussen University in an eligible degree or certificate program as one of the eligibility requirements to receive and have financial aid disbursed to their student account. Rasmussen University begins disbursing financial aid no earlier than three weeks into the term. Funds are first applied to your tuition and fee charges. Any remaining funds (excess funds) are disbursed to you, the student. All financial aid excess funds and other school refunds are delivered to students through a partnership between Rasmussen University and BankMobile. Your student account will show an unpaid balance until this disbursement occurs. If the aid you are eligible to receive does not cover your charges, a Student Payment Plan is created and can be viewed on the Student Account Center. Institutional Scholarship and Grant Programs Rasmussen University offers the following institutional scholarship and grant programs. All scholarships are non-cash awards. Some campuses have additional scholarships available; please contact your Admissions Advisor or Advisor for more information. Students are eligible for only one of the following scholarship and grant programs at a time: • Early Honors Program • Military Grant • Corporate Alliance Grant • Articulation Grant Rasmussen University and its agents assume no responsibility for damages, losses, or injury resulting from acceptance or use of the scholarship 136 award. Taxes and fees, if any, are the sole responsibility of the recipient. A. Institutional Grants Students who inquire about grant availability and meet qualifications for military, corporate alliance, or articulation grants are eligible to receive a grant equal to a specified percentage of per-credit tuition costs billed each quarter. 1. Military Tuition Rate and Grants Policy Rasmussen University recognizes the service and sacrifices of the men and women who serve and have served and supported the United States Armed Forces through a special tuition rate for active duty military personnel and tuition discount for veterans and retired military personnel, Guard and Reserve members, and eligible spouses and dependents. In addition to this benefit, Rasmussen University also accepts the GI Bill® and other VA education and training benefit programs, as well as military and veteran-related scholarships. For further details on all military education benefits, please contact the Military Specialist team at military.questions@ rasmussen.edu or 886-245-9627. Students in the following categories may be eligible for an alternative tuition rate or grant. Verification of eligibility is required in order for an alternative tuition rate or grant to be applied: • Active Duty Uniformed Military (Air Force, Army, Marines, Navy, U.S. Coast Guard) • Veteran (honorably discharged) • Retired Military • U.S. National Guard Member or U.S. Reserve Member • Authorized dependents (includes spouse, domestic partner, children, and step-children) of active duty uniformed military, retired military, and veterans a. Active Duty Military Tuition Rate Students who are active duty uniformed military receive per credit tuition pricing as indicated on the Tuition Table. Taxes and fees, if any, are the sole responsibility of the recipient. Students who receive reduced tuition pricing are not eligible for other Rasmussen University scholarships or grants. Students who are accepted into the Physical Therapist Assistant Program through the METC PTA Bridge Block Transfer are not eligible for the Active Duty tuition rate, however the Non-Active Military Tuition Grant may be applied for any active military student meeting these qualifications. Students must verify active duty military status by providing a copy of their verification letter or a copy of orders from their command reflecting current status and specific date of separation. b. Non-Active Duty Military Tuition Grant Students who are not classified as Active Duty Military (such as retired or honorably discharged veterans, U.S. National Guard or U.S. Reserve members, or authorized dependents of active duty uniformed military, retired military, and veterans) may be eligible for a grant equal to 10% of per-credit tuition costs billed each quarter. Taxes and fees, if any, are the sole responsibility of the recipient. This grant typically cannot be combined with other university grants or scholarship programs. Students must verify their grant eligibility status with one of the following documents: • Form DD214 or other separation documentation that indicates the specific date of separation • Leave and Earning Statement (LES) • Military Authorization Form, which a Rasmussen University official completes when a United States Uniformed Service (USUS) identification card (DD Form 1173-1) is presented in person • Certificate of Eligibility • Active Duty Orders (acceptable documentation for authorized dependents of active duty uniformed military only) 2. Corporate Alliance Grants Corporate alliance employees and their immediate family members (includes spouse, domestic partner, children, and step-children) receive a grant from Rasmussen University equal to a specified percentage of per-credit tuition costs billed each quarter. The percentage is determined by the corporate alliance agreement between Rasmussen University and the other entity. Rasmussen University will require proof of employment for corporate alliance employees, such as a pay stub, to initiate and maintain the grant. Rasmussen University will require proof of relationship to corporate alliance employees for immediate family members. Some corporate alliance employers have a relationship with Rasmussen University to offer employees a Professional Achievement Grant; this grant is only for employees and cannot be extended to immediate family members. Terms and conditions are unique for each Professional Achievement Grant alliance, and the employee should work with their employer to determine eligibility. Contact your campus for details. Additional information on grants is available at www.rasmussen.edu/ tuition/ 3. Articulation Grant Some students from institutions of higher learning with whom Rasmussen University has a signed articulation agreement receive a grant equal to a specified percentage of per-credit tuition costs billed each quarter. The percentage is determined by agreement between Rasmussen University and the other institution of higher education. Contact your campus for details. 4. Chicago Residential Grant Residents of select Chicago, IL neighborhoods are eligible to receive a grant equal to: • $101 per credit for part-time enrollment or $51 per credit for full-time enrollment in any School of Design, School of Education, or School of Justice Studies program. • $101 per credit for part-time enrollment or $51 per credit for full- time enrollment in any School of Business program with the exception of the Accounting Bachelor’s Degree, Business Management Bachelor’s Degree, Finance Bachelor’s Degree, Healthcare Management Bachelor’s Degree, Human Resources and Organizational Management Bachelor’s Degree, Human Resources Management Master’s Degree, Marketing Bachelor’s Degree, or Supply Chain Logistics Management Bachelor’s Degree programs. • $101 per credit for part-time enrollment or $51 per credit for full- time enrollment in any School of Health Sciences program with the exception of the Health and Wellness Bachelor’s Degree, Healthcare Administration Master’s Degree, Health Information Technician Associate’s Degree, Medical Assisting Diploma, or Medical Billing and Coding Certificate programs. • $101 per credit for part-time enrollment or $51 per credit for full-time enrollment in any School of Technology program with the exception of the Computer Science Bachelor’s Degree, Cyber Security Bachelor’s Degree, Information Technology Management Bachelor’s Degree, and Data Analytics Bachelor’s Degree programs. • $66 per credit for part-time enrollment in Accounting Bachelor’s Degree, Business Management Bachelor’s Degree, Finance Bachelor’s Degree, Healthcare Management Bachelor’s Degree, Human Resources and Organizational Management Bachelor’s Degree, Marketing ALL CONTENT IS SUBJECT TO CHANGE BY ADDENDUM
