Roosevelt University - Financial Aid

Federal Grants

Federal Pell Grant

This is a federal assistance program for any regular degree-seeking undergraduate student pursuing their first bachelors. The student demonstrates exceptional financial need as defined by federal methodology required by the Higher Education Act, as amended by the Higher Education Amendments of 1992. This program is federally funded with the purpose of helping financially needy students meet the cost of post-secondary education. The maximum award for the 2007-2008 Award Year is $4,050.

In order to determine eligibility for this federal financial aid program, students must file a Free Application For Federal Student Aid (FAFSA) and have the results sent to RU. RU will accept results through electronic transmission from the Central Processing System (CPS). RU must have an official Expected Family Contribution (EFC) before eligibility for any fund may be determined. The EFC is determined by the answers given on the FAFSA. The amount awarded in the form of the Pell Grant varies by EFC and enrollment.

Federal Work-Study

Federal Work-Study, (FWS) is a federally supported program for students who have documented financial need, as authorized by the Department of Education, under Title IV of the Higher Education Act of 1965, as amended by the Higher Education Amendments of 1992.

The Federal Work-Study Program’s objective is to provide employment opportunities for eligible students to help meet educational costs while providing an opportunity to gain valuable work experience. Students not eligible for FWS are advised to contact the Career Services Department for assistance.

The amount of financial assistance offered to you in the form of a work-study job reflects the maximum amount of money you will be eligible to earn under the Federal Work-Study program. This does not necessarily mean that you will actually earn the entire amount during the academic year. Students employed under Federal Work-Study are paid on a bi-weekly basis.

You must complete the Free Application for Federal Student Aid (FAFSA) to be considered for student employment.Click here to view available FWS jobs.

Federal Supplemental Educational Opportunity Grant Program (FSEOG)

The Supplemental Grant (FSEOG) is a federal program designed for any regular degree-seeking undergraduate who demonstrates exceptional need. FSEOG funds are awarded only to Pell Grant recipients and are very limited.

In order to determine eligibility for any federal financial aid program, you must file a Free Application For Student Aid (FAFSA) and have the results sent to RU. There is no additional application required...if you are awarded SEOG funds you will be notified via the Financial Aid Award Notification Letter.

Veteran Educational Benefits

Roosevelt University participates in the following Veterans Educational Benefit programs: The G.I. Bill and the Vocational Rehabilitation Program.

If you believe you may be eligible to receive Veterans Educational Benefits you should contact the Veterans Administration to confirm your eligibility. Eligible veterans, eligible dependants of veterans, and eligible active duty personnel must communicate directly with the Financial Aid Office and the Regional VA office to receive educational benefits.

If you receive these benefits it will impact the amount the of other student aid you may receive. If you are utilizing your VA educational benefits for the first time you must complete an Application for VA benefits (form #22-1990). This form is available in the Office of Financial Aid. If you have used VA benefits previously at other institutions, you must complete a Request for Change of Program or Place of Training Form (form #22-1995). This form is also available in the Office of Financial Aid. In addition to one of the above mentioned forms, you must also submit a copy of your DD214 to the FAO.

State of Illinois Grants

Illinois Monetary Award Program (MAP)

A completed FAFSA is needed before the Financial Aid Office can evaluate our eligibility for this award. Documentation of Illinois residency is also required.

The MAP program is a need based grant program offered to undergraduate Illinois residents pursuing their first bachelors degree. This grant can be used toward tuition and mandatory fees only. The maximum award for full time students for the 2007-2008 academic year is $4968.

Effective the 2004-05 academic year, eligibility for the MAP grant is being tracked by the equivalent number of semester credit hours of MAP benefits paid on your behalf. This is called MAP Paid Credit Hours. A minimum of 3 and a maximum of 15 MAP Paid Credit Hours may be used each term based on your eligibility.

There is a limit on the number of MAP Paid Credit Hours that can be paid while you are classified by your school as a freshman and sophomore. This limit is the equivalent of 75 MAP Paid Credit Hours. If this maximum is reached, you must attain Junior status before your MAP grant eligibility can resume. The maximum number of MAP Paid Credit Hours that a student can receive during their undergraduate career is 135. Once this maximum is reached you are no longer eligible for the MAP award. Your financial aid counselor will review your financial aid information to determine your eligibility for this award.To apply for the MAP Grant you must complete the Free Application For Federal Student Aid (FAFSA).

Illinois Incentive Award (IIA)

The Illinois Incentive for Access Award (IIA) provides a one-time grant to new freshmen who are Illinois residents. Its purpose is to improve access and retention for Illinois students who have limited ability to pay for college. The IIA Grant provides up to $500 to freshmen students who have a zero (0) Expected Family Contribution (EFC). Recipients must be enrolled on at least a half-time basis and meet the definition of freshman student.

To apply for the MAP Grant you must complete the Free Application For Federal Student Aid (FAFSA ).

Financial Aid