Roosevelt University - Financial Aid - Undergraduate Students - What Types of Financial Assistance are Available

What Types of Financial Assistance are Available
Undergraduate Students | Financial Aid

Any student wanting to be considered for federal, state, and institutional financial aid programs noted here must complete the RU Financial Aid Application Process and meet the minimum requirements for financial aid eligibility. Although funding higher education is the primary responsibility of the family, over 85% of our students receive financial aid to assist them in covering those costs. Many people do not believe that they qualify for student aid but it is always worth applying and discussing options with a RU financial aid counselor. New students are required to bring sufficient funds to pay for their own books at the start of each term. Books typically range between $100-$150 per three credit hour course. To be eligible for almost all financial aid programs (including loans) you must be enrolled at least half-time. Half-time, for both undergraduate and graduate study is at least six (6) hours per semester. We are now full participiants in the Federal Direct Lending Program.

GRANTS

There are several federal, state, and institutional grants available to assist you in covering the costs of attending Roosevelt University. Grants are typically based on financial “need” and do not have to be repaid. Your FAFSA results will assist us in evaluating your grant eligibility. Click here for a listing of some of the available grants.

SCHOLARSHIPS

Roosevelt University offers undergraduate scholarship opportunities to reward applicant's prior academic achievements and/or talents. These scholarships do not require additional applications and are offered prior to admission. All graduate scholarship opportunities require a separate application (CCPA students are automatically considered).

The State of Illinois also offers various scholarships to Illinois students that have established residency and pursue either an undergraduate or graduate career at approved educational institutions. Click here to see a list of those opportunities.

LOANS

Student loans are a very affordable educational financing option for many, if not all, student and families. Many of the loans will allow you to defer payment, both interest and principle, while you are enrolled at least half-time. Unlike grants and scholarships, student loans must be repaid. There are various student loan programs, including need and non-need based loans, designed for parents and students alike. To review some of the available loan programs Click here.

Effective fall 2008, RU participates in the Federal Direct Lending Program. For more information - click here.

STUDENT EMPLOYMENT

There are various student employment opportunities available at RU during the fall and spring semesters. You may earn funds to assist you with your educational expenses while working in a position that helps you gain experience, build your resume, and give back to the community in which you live and learn. The advantage of taking part in the Federal Work Study Program is that your employment is centered around your academic schedule. School comes first! Whether working with our exciting new JumpStart Community Service based program or in one of the many positions available on campus, the Federal Work Study Program can give you the competitive edge you need to be successful in your future career. Click here to find out more about these opportunities and to review some of the available positions.

We know that this was a lot of information to digest. The good news is that you can see that financing an RU education is more manageable than you may have thought. Now let's look into how you can apply for these funds.

Financial Aid | Undergraduate Students