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What Types of Financial Assistance are Available

Any student wanting to be considered for federal, state, and institutional financial aid programs noted here must complete the Roosevelt University
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 Roosevelt University 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 participants 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 Free Application for Federal Student Aid (FAFSA) results will assist us in evaluating your grant eligibility. 

Roosevelt grant awards are based upon intended: full time enrollment, residency (living on-campus vs. living off-campus), and “need”.  If the status in any one of these areas changes the award can change significantly or be completely rescinded (in the case of less than full-time enrollment). Please read the terms and conditions of your awards very carefully. Chicago College of Performing Arts, international and graduate students are not eligible for a Roosevelt grant awards.

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. New, full-time, undergraduate students can get an on-line estimate of their scholarship eligibility. Awards based upon intended: full time enrollment, residency (living on-campus vs. living off-campus), ACT score and GPA; if the status in any one of these areas changes the award can change significantly or be completely rescinded (in the case of less than full-time enrollment).  Please read the terms and conditions of the award very carefully. Chicago College of Performing Arts, international and graduate students are not eligible for this award.

All Roosevelt graduate scholarship opportunities require a separate application (CCPA students are automatically considered).  Please read the terms and conditions of each award very carefully. Continuing students must apply for financial aid by March 1st each year in order to continue to receive Roosevelt University scholarships and grants.

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. 

There are also an abundance of private scholarship opportunities that students can investigate on their own.  These scholarships are not from Roosevelt University but are offered by private organizations desiring to contribute to the educational related expenses of both undergraduate and graduate students.  As a general rule, NEVER PAY AN APPLICATION FEE for any scholarship opportunities.  Also, carefully investigate each organization BEFORE providing them with any confidential information.  Roosevelt University encourages all students to try the FREE Scholarship Search engine.  There is also a separate listing of private scholarship offers available that students have sent in for us to share with you. 

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. 

Roosevelt University participates in the Federal Direct Lending Program.

STUDENT EMPLOYMENT

There are various student employment opportunities available at Roosevelt University 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!

Federal work study offers are opportunities to earn "up to the amount offered" to you.  It is not a grant. These opportunities are contingent upon the availability of funds and may be limited.  It is important to find a position as early as possible to avoid being placed on a waiting list.  It is also important to note that employment can not commence until your financial aid file has been processed.

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. 

Apply for Financial Aid

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