Alternate content for script Text Only VersionSkip to Main Content

FAQ

A caucasias male student with a caucasian female in Main Building
 

Below are some of the most common questions our Office of Financial Aid is asked. If you have any further questions, please feel free to contact us at finaid@rosemont.edu 

For first-time and transfer students in the Undergraduate College, nearly 100% of the students will receive one or more forms of financial aid.

For students in the Undergraduate College, the FAFSA is the only application required. However, additional forms must be completed for students who wish to borrow a Federal Direct Subsidized/Subsidized Loan or participate in the Federal Work Study program. Additional paperwork is also required for parents who wish to borrow the Direct PLUS Loan. If your FAFSA is selected for verification, then you will also need to submit a Verification Worksheet and Federal tax transcripts for parents and student if applicable.

For students in the Schools of Graduate and Professional Studies, a supplemental financial aid application is also required.

The FAFSA is the Free Application for Federal Student Aid. This form is used to determine the amount of money a family is expected to contribute toward the cost of attending a college or university. The results of the FAFSA are used in determining student grants, work study, and loan amounts.

The financial aid award letter spells out the details of your financial aid package. A financial aid package is a collection of different types of financial aid from multiple sources. The award letter is created by a Rosemont College financial aid counselor after you have been admitted to the college and submitted your FAFSA.

Your financial aid award letter will tell you the total amount of financial aid for which you qualify for a full academic year. Subtract this amount from the annual tuition and fees at Rosemont and you will learn whether you have a balance to cover outside of the financial aid process. With your initial financial aid package, you will receive a worksheet to help you calculate your costs.
Yes, loans are considered a form of self-help aid. These loans are only for college students pursuing degrees, are guaranteed, and, in some cases, are subsidized by the federal government.
This is a loan that the parent of a student attending college can assume to help pay the child’s college costs. To obtain the loan, the parent will need to be approved based on the parent’s credit history. If the parent is denied the PLUS loan, the student could be eligible for additional Direct Unsubsidized Loan.
Federal work study awards are estimates of what a qualifying student could potentially earn in a given semester or year by working at a job, in most cases, on campus. An award amount does not guarantee a student a position or the certainty of earning the award. If a student has an award indicating they have eligibility, they will be given the ability to apply for a position. These positions are competitive due to limited federal funding.
A scholarship is normally based on merit. Often merit is determined by your academic record. Grants are typically awarded based on financial need, which is determined by filing the FAFSA.
Yes. If you have been admitted to Rosemont College, your financial aid will be available through the Rosemont iNet, our online financial aid portal accessed through the iWay, our online campus wide student information portal.

Yes. Although walk-in appointments are available, you can schedule an appointment online at www.Rcfinancialaid.appointy.com to minimize wait times.

Once per year. The FAFSA is available each year on October 1st to determine eligibility for the following academic year. For example, the FAFSA for the 2018-2019 academic year will be available on October 1, 2017.

Complete any and all required forms as early and accurately as possible. This will help Rosemont College financial aid staff give you the best indication of what your financial aid package will be. Check the Rosemont iNet frequently to stay abreast of award changes and documents needed.