02/20/2018 3:38 pm
Many students use outside scholarships to help fund their education. High schools, community organizations, churches, employers and many others have outside scholarships that students should always be on the lookout for. All legitimate scholarship search engines and applications must be free and should not request any credit card or bank information from the applicant. Throughout the year our office receives information about outside scholarships opportunities and information on these are listed below. These scholarships are not offered or maintained by Rockford University.
02/20/2017 11:07 am
Rockford University participates in the William D. Ford Federal Direct Loan Program for all Stafford loans.
The Office of Student Administrative Services (SAS) will originate your Stafford Loan once you are registered for classes and have completed the following: Master Promissory Note (MPN), entrance counseling, award letter, 2019-2020 Federal Direct Loan Request Form or 2018-2019 Federal Direct Loan Request Form, and Standards of Academic Progress Policy. The MPN will be used for all subsidized and unsubsidized Federal Stafford loans. Subsequent Stafford loans accepted by you will be automatically processed under the same MPN in future academic years.
Current Student borrowers:
The Office of Student Administrative Services (SAS) will originate your Stafford Loan once you are registered for classes and have completed a signed award letter and direct loan request form. You will not need to complete a new MPN, entrance counseling, or SAP as long as you have an active one on file with Rockford University.
Upon completion of all required documents, loan funds will be disbursed through an electronic funds transfer (EFT) to your student account. Loans cannot be processed after a student becomes ineligible or after the term has ended.
Parents: Rockford University participates in the William D. Ford Federal Direct Loan Program. If you wish to borrow on behalf of your son or daughter in the Federal Parent Loan for Undergraduate Students (PLUS) program please complete the following the steps.
Current/New Parent Borrowers: All NEW and PREVIOUS parent borrowers will need to complete a PLUS loan application after April 15th. The application process determines credit eligibility. You will be required to use your FSA ID to log-in and complete the Federal PLUS application. If approved for the loan, SAS is not able to originate a Parent PLUS loan until a completed PLUS MPN is on file and the student has completed the financial aid process. If a completed Parent PLUS loan MPN is on file, a new one may not be needed.
Utilizing An Endorser: An endorser is someone who will pass the credit check and who agrees, similar to a co-signer, to repay the PLUS Loan if the borrower is unable to do so. Almost anyone can serve as an endorser. However, the student cannot serve as an endorser for their parent.
If you choose to obtain an endorser, the endorser should complete the endorser addendum at studentloans.gov. The endorser will need the PLUS Endorser Code (if a Direct PLUS Loan Request was completed) or Loan Identification Number to connect the endorsement to the denied PLUS Loan. Completing the endorsement online also requires a Federal Student Aid ID (username and password).
Master promissory notes (MPNs) are used for PLUS Loans and allow for multiple year borrowing under the same terms. However, when an endorser is used, the terms of the MPN used for that loan is specific only to that loan. Therefore, a borrower who has previously received a PLUS Loan without an endorser will need to complete a unique MPN for the endorsed loan. Also, any additional PLUS borrowing will require a new MPN and endorser addendum (though the same endorser can be used).
Finally, when the borrower is initially denied and approved through use of an endorser or appeal, the borrower will need to complete the Parent PLUS counseling requirement before the PLUS Loan can be disbursed. This counseling is a review of loan and repayment obligations available at studentloans.gov.
In cases of a parent credit denial or when an eligible endorser is not available the student will be eligible for an additional unsubsidized loan. Rockford University will be notified and a new award letter with required documentation will be mailed to the student.
National Student Loan Data System (NSLDS)
Parent and student loan information (Federal Student Loans) will be submitted to the National Student Loan Data System. Guaranty agencies, lenders and schools determined to be authorized users will have access to the loan data. You can visit the NSLDS website to review your federal information.
11/21/2016 1:15 pm
66% of students began their studies in Fall 2016 and returned in Fall 2017
The percentages below measure the first-time, full-time students pursuing bachelor’s degrees that began their studies in Fall 2011 and graduated within 150% of “normal time” to complete their program.
|American Indian/Alaskan Native||0%|
|Black or African American||7.7%|
2 or more
By Federal Grant or Loan
|Pell Grant recipient||37.1%|
|Subsidized Stafford Loan recipient but no Pell Grant||38.0%|
|Neither Pell Grant nor subsidized Stafford Loan recipient||
11/21/2016 10:23 am
William D. Ford Direct Federal Subsidized Stafford Loan –Eligibility determined by grade level and need. Must submit a Free Application for Federal Student Aid. If approved, lifetime aggregate amount up to $23,000 for all undergraduate study. Interest is subsidized as long as the student is enrolled at least half-time. Repayment and interest accumulation begin six months after graduation on a monthly basis. Repayment extendable to 10 years with minimum monthly payments of $50. Students must complete a Master Promissory Note (MPN), Entrance Counseling, signed award letter, and the 2019-2020 Federal Direct Loan Request Form or 2018-2019 Federal Direct Loan Request Form before their loans can be processed. Please visit https://studentloans.gov to complete the MPN and Entrance Counseling requirements on-line. Students must log-in with their own FSA ID. Current interest rate can be found here and the current origination fee is 1.066% for loans with a first disbursement prior to 10/1/18 and 1.062% for loans with a first disbursement on or after 10/1/18.
William D. Ford Direct Federal Unsubsidized Stafford Loan –Same as subsidized Stafford, except not based on financial need. Students are responsible for quarterly interest on the loan while in attendance at college. Interest accumulates immediately at a fixed rate and the current interest rate can be found here. The current origination fee is 1.066% for loans with a first disbursement prior to 10/1/18 and 1.062% for loans with a first disbursement on or after 10/1/18. Students may or may not choose to pay interest on the loan while in attendance at college.
Federal Perkins Loan **not currently available for the 2018-2019 academic year and going forward**– Is available to students who demonstrate need and meet institutional criteria as long as funds are available. Interest is subsidized as long as the student is enrolled at least half-time. Interest is fixed at 5% and repayment starts nine months after the student leaves or is enrolled less than half-time. Click here for more information or refer to the Perkins Loan Master Promissory Note.
Direct Federal PARENT Loan for Undergraduate Students (PLUS) –
This is a Parent loan for dependent students. Parents may borrow the difference between the student’s cost of education and all other financial assistance. The current origination fee is 4.264% for loans with a first disbursement prior to 10/1/18 and 4.248% for loans with a first disbursement on or after 10/1/18. Interest is fixed and the current interest rate can be found online. Repayment begins 60 days after the loan is fully disbursed and is not based on financial need. Interest accrues beginning on the date of the loan’s first disbursement. A parent may elect to defer payments until student graduates through forbearance options. Click here to begin the application process. Please keep in mind that the parent will apply under their own FSA ID.
Additional Private Student Loans– Several financial institutions provide low-interest loans for students who might need additional assistance after federal loan options are used. The various loans differ by interest rate, interest capitalization, guarantee fees, and co-signer options. Students may need a creditworthy cosigner in order to obtain a private loan. Many students have found that applying with a co-signer often results in a lower interest rate. Interest begins accruing at disbursement but in most cases no payment is required until six months after graduation or a student drops below half-time enrollment. We recommend that students compare several lenders before selecting a private loan.
Rockford University is required by federal regulations to comply with individual lender terms and cannot certify a loan for more than your eligibility as determined by the student cost of attendance minus any other available financial aid. If you have any questions regarding cost of attendance, please contact Student Administrative Services (SAS). Rockford University does not participate in revenue-sharing practices, referral fee arrangements, or private loan application fee payments.
Please remember that borrowing a loan is a legal obligation and loans must be paid back with interest. To learn more about responsible borrowing, click here.
Entrance/Exit Counseling Federal Requirements
Entrance and Exit Counseling are required for all federal student loans. These counseling sessions provide a borrowing student with information on his/her rights and responsibilities as a borrower as well as repayment information and options. These sessions also explain the consequences for failing to repay a student loan. Exit Counseling also includes a review of debt management strategies and loan forgiveness options. Entrance counseling is required before a student can receive a Federal Direct Loan and Exit Counseling is required once a student drops below half-time enrollment and received a federal loan. Entrance and Exit Counseling can be completed online at: https://studentloans.gov.
Perkins Loan Exit Counseling is completed at https://www.myloancounseling.com/
Students can also use this Web site to access information about federal loan amounts, outstanding loan balances, status, record of disbursements, and servicer contact information. www.nslds.ed.gov
11/11/2016 12:22 pm
11/10/2016 11:46 am
10/28/2016 2:23 pm
The U.S. Department of Education requires that all universities annually provide notice regarding the availability of the consumer information listed below. Please contact the department responsible with questions, concerns or for requests of paper copies.
Parents (of dependent students), to the extent that they are able, have the primary responsibility to pay for their child’s education. Students are also expected to contribute to their educational costs. Eligibility for federal grants and loans and state need-based grants is determined by filing the Free Application for Federal Student Aid (FAFSA). Rockford University also requires the FAFSA to determine eligibility for need-based institutional aid.
Employees are available during normal operating hours Monday-Friday 8:30 a.m.-5 p.m. during the year to help prospective students, current students, current and prospective employees obtain consumer information.
09/14/2016 9:00 pm
Rockford University students are billed each semester in advance. The billing for the fall semester will normally be prepared and mailed July 1 and is due August 1. The billing for the spring semester will normally be prepared December 1 and is due January 1. Students’ registrations are not complete until their accounts have been paid or payment has been fully arranged. A number of payment plans including a monthly payment option, employer tuition assistance, loans, MasterCard, VISA or Discover are available through consultation with the Student Administrative Services (SAS) office. Payments can also be made over the phone by contacting SAS or through your Self-Service account.
Checks should be made payable to Rockford University and addressed to the address below:
Students who are receiving employer assistance are required to submit an Employer Reimbursement request to the SAS office each semester prior to the first class period of the semester. Financial clearance is required for class attendance and residency at Rockford University, and participation in Rockford University activities. No grades, diploma, certificate or transcript will be granted to students who have indebtedness to Rockford University.
Rockford University attempts to provide for all students financial aid packages sufficient to meet their entire financial need. However, for those students who remain personally responsible for paying a portion of their Rockford University costs, the following options are available:
Rockford University offers a payment plan that allows students/families to pay their balance in monthly installments. There are no interest charges; however, a $50 per semester enrollment fee and the first full payment must accompany a signed contract. Monthly installments can be paid by VISA, MasterCard or Discover cards or by cash or personal check. Additional information is available from the Student Administrative Services office
Schedule of monthly payments that fall 10 days past due will be assessed a late fee of 1.5 percent. Account balances after the due date that are not covered by scheduled loan disbursements, employer tuition assistance or veterans benefits will be assessed a late fee of 1.5 percent of the balance until paid in full. Additional information on alternative loan options is available from the SAS office.
Employee/employer reimbursement forms are available in the SAS office. Forms must be submitted each semester prior to the first class period of the semester.
Students are responsible for full payment of accounts.
Students can receive full refunds of prepaid tuition, fees, and room-and-board costs (less the non-refundable tuition deposit) if they present written notice of withdrawal at the SAS office before the last drop date. Refer to our academic calendars. Students who withdraw after classes begin receive refunds based on the schedule below.
Important: Students receiving financial aid should confer with the SAS office to determine how their aid packages will be affected before they change their status. Students who withdraw from all classes after the last day to withdraw with a refund will be subject to removal of Title IV aid based on results from the Department of Education.
|Tuition refunds for Fall 2017 will be made on this basis:|
|Through August 29………………………………………………………………………………………..||100% of tuition|
|After August 29………………………………………………………………………………………………||No refund|
|Tuition refunds for Spring 2018 will be made on this basis:|
|Through January 22………………………………………………………………………………………….||100% of tuition|
|After January 22………………………………………………………………………………………………||No refund|
|Refund policies for Summer 2018 are as follows:|
|If you withdraw before 3rd class date………………………………………………………||100% refund|
|If you withdraw on or after 3rd class date………………………………………………..||No refund|
Appropriate refunds will be made by check within 45 days of receipt of a request for refund. Refunds of board (meal) and room charges will not be refunded after the last date to drop. No refunds will be made for temporary absence during the regular school year. For information concerning board and room refund policies, contact the Student Administrative Services office. Special instructional fees will not be refunded unless students withdraw before the first day of class. No refund will be made of the tuition deposit or the $40 registration fee.
Cash advances will not be distributed until a student’s account reflects a credit balance (all financial aid has been applied). Subsequent to the add/drop period, students having a credit remaining will have the option of leaving the credit on account or receiving a check for the total credit. A “Request for Refund” form must be completed at the SAS office.
The University reserves the right to dismiss any student whose conduct is not satisfactory in any area of university life (under procedures stated in the Rockford University Student Handbook). No refund of tuition, room, board or fees is made in such cases.
Students may appeal any refund policy decision to the director of Student Administrative Services.
09/14/2016 8:58 pm
|Graduate application fee||$50|
|Transcript evaluation (MAT)||$75|
|Tuition 2018-2019||$720 per credit hour|
|Tuition 2017-2018||$710 per credit hour|
|Non-refundable registration fee per semester||$50|
|Transfer credit fee||$20 per course|
|GRE Test (MAT)||$185|
|GMAT Test (MBA)||$250|
|MBA Prerequisite Test||$50|
There is a limited amount of financial aid that Rockford University offers to its admitted graduate students.
The Part-Time Student Voucher Grant provides a $150 per credit hour discount, up to $900 per semester, to part-time degree-seeking or certification-seeking students in good academic standing, subject to these restrictions:
Application forms are available at Student Administrative Services (SAS) or the Graduate Studies Office.
Additional fees not listed here may also apply and are subject to change without notice.
Rockford University will defer your tuition payment until after you have completed the semester to allow time for your employer to reimburse you. The program is limited to reimbursable tuition costs only; registration fees and textbook costs are not eligible for deferment, even though you may receive reimbursement for these costs. Please ask for a Tuition Deferment Form at the Office of Graduate Studies.
You may be eligible for GRE fee reimbursement. In order to receive this aid, you must fill out the FAFSA form. Your Expected Family Contribution (EFC) must be equal or less than $1900.
The Rockford University MBA program offers a $250 per credit hour scholarship to employees of public and not-for-profit organizations desiring to take courses leading to an MBA. The discount is available only to those currently receiving less than 50 percent of the cost of tuition and applies to a maximum of two courses per semester.
09/14/2016 8:57 pm
|Tuition Fall 2018 – Summer 2019||$430 per credit hour|
|Tuition Fall 2017 – Summer 2018||$420 per credit hour|
|Tuition fixed upon admittance|
|Transfer credit fee||$20 per course|
Students are eligible for State and Federal aids. Apply for Financial Aid >>
Rockford University will defer your tuition payment until after you have completed the semester to allow time for your employer to reimburse you. The program is limited to reimbursable tuition costs only; registration fees and textbook costs are not eligible for deferment, even though you may receive reimbursement for these costs.
Rockford University offers a tuition-covered option for qualified individuals who have been out of work for at least 18 months. This option will cover any remaining tuition after all eligible state and federal student aid is applied. Financial aid/eligibility requirements for this program include:
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