All degree-seeking students whether undergraduate, graduate or doctoral wishing to be considered for federal, state and institutional financial aid programs must complete the Roosevelt 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 90% of our students receive some form of financial aid to assist them in meeting those costs. It is always worth completing the Free Application for Federal Student Aid (FAFSA), as applying and discussing financing options with a Roosevelt Financial Aid Services counselor is free.
To be eligible to receive federal student aid, a student must:
New students are encouraged to submit the FAFSA for financial aid as soon as possible after October 1 for the next academic year. New students will receive an estimated financial aid award as soon as the FAFSA has been received by the Office of Financial Aid Services.
Continuing students are encouraged to submit the FAFSA for financial aid as soon as possible after October 1 for the next academic year. Continuing students must complete all requirements — including verification — to receive an estimated financial aid award.
All students must satisfy all financial aid eligibility requirements to meet the financial clearance/payment deadline for each semester: fall/July 31, spring/December 15, summer/April 15. Students who wait to complete all requirements risk losing eligibility for federal programs, state grants, institutional awards and on-campus student employment. Your enrollment may be cancelled if financial clearance is not confirmed by the payment due date.
Cost of Attendance or financial aid budget is the estimated cost of attending ¶¶Òõ¶ÌÊÓƵ for a full academic year (two semesters: fall and spring terms), including estimated amounts for tuition, fees, books, supplies, room and board, plus a modest allowance for personal/miscellaneous expenses.
These components are used to determine the cost of attendance (see chart below):
| ** Sample** | Full Time | |||
|---|---|---|---|---|
| Cost for Fall/Spring 2021-2022 | Dependent | Independent | ||
| Undergraduate On-Campus | Undergraduate Off-Campus | Undergraduate Off-Campus | Graduate Off-Campus | |
| Tuition** #: | $ 31,500 | $ 31,500 | $ 31,500 | $ 28,858 |
| Loan Fees** | $ 130 | $ 130 | $ 130 | $ 310 |
| Room & Board***: | $ 15,000 | $ 4,700 | $ 10,300 | $ 10,300 |
| Books & Supplies: | $ 1,200 | $ 1,200 | $ 1,200 | $ 1,200 |
| Personal Expenses: | $ 4,400 | $ 4,400 | $ 7,800 | $ 7,800 |
| Transportation: | $ 1,100 | $ 1,100 | $ 1,100 | $ 1,100 |
| TOTAL ESTIMATED BUDGET | $ 53,330 | $ 43,030 | $ 52,730 | $ 41,568 |
***The Room and Board figure is estimation only. Please refer to your signed residence hall contract and student account for actual costs.
#Tuition will vary by program and actual enrollment.
Direct Costs would include tuition, fees, room and board expenses, if using institutional housing; or, in simple terms, items billed to you by Roosevelt.
Indirect Costs would be other educational expenses such as off-campus housing, books, transportation and personal miscellaneous costs, which can be expected but are often out-of-pocket expenses.
If you indicated on your FAFSA that you will be living in the residence hall but decided not to live on campus, please notify Financial Aid Services as soon as possible, as this may affect your awards.
The Expected Family Contribution (EFC) is derived from an assessment formula that is applied uniformly to all aid applicants and considers the financial information provided on the Free Application for Federal Student Aid (FAFSA) as well as other documents filed with the Office of Financial Aid Services. It is not an indicator of the amount a family is expected to pay, but rather measures the overall financial strength of the family. The EFC is used to determine eligibility for federal and state grants.
| Grade Level | Full-Time Credit Hours |
Quarter-Time Credit Hours |
Half-time Credit Hours |
Less than Half-Time Credit Hours |
|---|---|---|---|---|
| Undergraduate | 12 or more | 9 to 11 | 6 to 8 | 5 or less/Not aid eligible |
| Paralegal Certificate/Undergraduate | 24hrs | 9 to 11 | 6 to 8 | 5 or less/Not aid eligible |
| Graduate | 6 or more | Not applicable | 3 | 2 or less/Not aid eligible |
| Doctoral | 6 or more | Not applicable | 3 to 5 | 2 or less/Not aid eligible |
| Doctoral/Clinical Psychology | 6 or more | Not applicable | 3 to 5 | 2 or less/Not aid eligible |
| Doctoral/Clinical Psychology | 6 or more | Not applicable | 1.5 ** | **Unique Circumstances which is noted to us ONLY by the College |
| Doctoral/Pharmacy | 6 or more | Not applicable | 3 to 5 | 2 or less/Not aid eligible |