156 rasmussen.edu | 888-5-RASMUSSEN ACADEMIC INFORMATION AND UNIVERSITY POLICIES 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, Contact your campus for details. Additional information on grants is available at www.rasmussen.edu/tuition. Rasmussen University reserves the right to add, discontinue or amend scholarship and grant programs at its discretion. Any student currently receiving scholarship or grant funds at the time of the amendment will be notified. Students with a start or re-enter date of February 8, 2023 or later are eligible for only one of the following scholarship and grant programs at a time: • Corporate Alliance Grant* • Start Strong Tuition Savings* • Professional Achievement Grant • Military Grant • LPN Care Grant • RN to BSN Get Started Grant* • Alumni Grant • Affiliation Grant • Articulation Grant • Rasmussen Emergency Grant** • Take Charge Grant*** • Change a Life Scholarship • Early Honors Program * May not be combined with other grants or scholarships offered by Rasmussen University, with the exception of the RN to BSN Get Started Grant or Start Strong Tuition Savings. ** Can be combined with any Rasmussen University Grants or Scholarships. *** May be combined with other grants and scholarships offered by Rasmussen University, with the exception of the RN to BSN Get Started Grant. Rasmussen University and its agents assume no responsibility for damages, losses, or injury resulting from acceptance or use of the scholarship award. Taxes and fees, if any, are the sole responsibility of the recipient. The following grants are being administered to eligible, continuing students but are no longer available to new student enrollments: Alumni Achievement Grant, Future Nurses of FL, Future Nurses of WI, Nursing Assistant Grant, Next Step Grant and NAEYC Conference Grant. 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. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill. 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. Students enrolled in a doctoral degree program are not eligible for the Active Duty Military Tuition Rate. 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 receive a grant from Rasmussen University equal to a specified percentage of per-credit tuition costs billed each quarter. The grant may be extended to an employee’s immediate family members (includes spouse, domestic partner, children, and step-children). The percentage and family member eligibility are 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. 3. Professional Achievement Grant Some 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. The Professional Achievement Grant is not subject to the cost-per-credit tuition rate limitations imposed on other institutional grants. 4. Affiliation Grant Some students who are members of or have credits from organizations with whom Rasmussen University has a signed Affiliation Agreement may be eligible to receive a grant equal to a specific percentage of per-credit tuition costs billed each quarter. The percentage is determined by the agreement between Rasmussen University and the organization. Rasmussen will require proof of the student relationship with the organization such as a transcript or membership card. Contact your campus for details. 5. 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. ALL CONTENT IS SUBJECT TO CHANGE BY ADDENDUM
