Financial Aid
Rosemont College Financial Aid Resources
Rosemont College understands that the cost of a college education is a significant investment for students and families. We are committed to making higher education accessible and affordable. Let us help you navigate the world of financial aid.
Rosemont offers merit and talent based scholarships, along with generous financial aid packages, making a private college education affordable. Eligible students can benefit from scholarships, loans, work study, employer tuition remission, and veterans benefits.
%
Rosemont students RECEIVE FINANCIAL AID
Scholarships, grants, and/or loans
%
LOWER TUITION than the national private average
US News: 20 Years of Tuition Costs
%
HIGHER MEDIAN EARNINGS than all schools
US Department of Education: Scorecard
Financial Aid Eligibility
Degree seeking students and those pursuing certain graduate certificates may be considered for Financial Aid if they are United States citizens or eligible noncitizens and are enrolled at least half time.
Financial Aid eligibility is reviewed each year and is subject to changes in family financial conditions, federal and state regulations, and/or Rosemont College policies. To remain eligible, students must maintain satisfactory academic progress and reapply for financial aid each year.
Approximately one third of FAFSA filers are selected for verification.
To be considered for any form of Financial Aid, you must MUST complete the Free Application for Federal Student Aid (FAFSA®) by the required deadline each year. However, the processing submission deadline for Rosemont College students is June 15.
Forms, Resources & Act 69 of 2024
College Affordability and Transparency Act
2025-2026 Forms
- Alumni Program Form
- Dependency Override Form
- Dependency Override Continuation Form
- Employee Program Form
- Enrollment Deposit
- Estimated Balance Worksheet
- Free Application for Federal Student Aid (FAFSA®)
- Identity Statement of Purpose
- Legacy Grant Form
- Master Promissory Note (MPN)
- SAP Appeal Form
- Special Circumstances - Dependent Form
- Special Circumstances- Independent Form
- Student Loan Entrance Counseling
- Student Loan Exit Counseling
- V1 Verification Worksheet - Dependent Form
- V1 Verification Worksheet - Independent Form
- V5 Verification Worksheet - Dependent Form
- V5 Verification Worksheet - Independent Form
2024-2025 Forms
- Enrollment Deposit
- Estimated Balance Worksheet
- Identity Statement Of Purpose
- Master Promissory Note (MPN)
- SAP Appeal Form
- Special Circumstances - Dependent Form
- Special Circumstances - Independent Form
- Student Loan Entrance Counseling
- Student Loan Exit Counseling
My Financial Aid Portal
Your Student Financial Aid Portal is designed to keep you updated on your financial aid status and assist you throughout the financial aid process. You can use the Student Aid Portal to:
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- View your financial aid offer
- Accept or decline your financial aid offer
- View received and outstanding documents
- View messages related to your financial aid offer
- Check the status of your student loans for the current year
- View your student loan history
Tuition, Fees & Types of Financial Aid
Self Serve Resources
Explore the resources below to learn more about how the Rosemont Financial Aid team can help you and your family make tuition more affordable.
FERPA
FERPA requires that federally funded institutions under programs administered by the US Department of Education comply with specific procedures regarding the disclosure and maintenance of educational records. At Rosemont College, this documentation is managed by the Registrar's Office. Visit the Rosemont College FERPA page below to learn more.
Academics
Explore all programs and partnerships offered both on campus and online at the undergraduate and graduate levels.
Student Academic Success Center
SASC provides undergraduate and graduate students with a nurturing environment and opportunities to work to the best of their ability.
Student Life
Clubs, organizations, and athletics add to the fullness of the Rosemont experience for both residential and commuting students. You're sure to find something just for you!
Bursar's Office
The Bursar's Office serves Rosemont College students throughout their academic careers.
The Rosemont Experience
At Rosemont, we believe that no matter what discipline you study, effective communication and problem solving are cornerstones to success. That’s why students take classes across multiple disciplines—to learn to approach complex situations from multiple angles. We also recognize the importance of real world experience in preparing you for a career. In fact, every student engages in at least one internship, volunteer effort, or service learning opportunity.
In the Heart of Suburban Philadelphia's Iconic Main Line
- Beautiful 58 acre Main Line campus located in serene suburban Philadelphia.
- Access to world class advanced degree programs through exclusive partnerships.
- Rooted in Catholicism we welcome all faiths and beliefs.
- 14 NCAA Division III men’s and women’s sports teams.
- Coveted 11:1 student to faculty ratio providing an unparalleled educational experience.
- An average class size of 13 ensures a high caliber, personalized education.
"What one is called to do, one is called to do with all their might."
Inspiration from the Venerable Cornelia Connelly, Foundress of the Society of the Holy Child Jesus,
the Sponsoring Congregation of Rosemont College
Find Your Voice. Expand Your World. Transform Your Future.
Your potential is limitless. Join us to unlock it. At Rosemont, you'll have access to mentorship, rigorous academics, and a supportive community that will empower you to reach and achieve your short term and long term personal and professional ambitions. Take the first step toward finding your voice, by expanding your world at Rosemont and transform your future today!
Financial Aid Frequently Asked Questions
Below are some of the most common questions Financial Aid is asked. If you have any further questions, please feel free to contact us at [email protected] or 610.871.3585
What percentage of students receive Financial Aid?
Nearly 100% of first time and transfer students in the Undergraduate College receive one or more forms of Financial Aid.
How much does my Financial Aid package cover?
Your Financial Aid Award Letter will detail the total amount of Financial Aid you qualify for over a full academic year. Subtract this amount from Rosemont’s annual tuition and fees to determine any remaining balance. Along with your initial Financial Aid package, you will receive a worksheet to help you calculate your costs.
What is a Financial Aid Award Letter?
The Financial Aid Award Letter outlines the details of your Financial Aid package, which includes various types of financial aid from multiple sources. Your award letter will also notify you of additional information needed to complete your financial aid file or to resolve any issues with your FAFSA.
This letter is prepared by a Rosemont College financial aid counselor and is mailed and made available in iWay and the My Financial Aid Portal after you have been admitted to the college and submitted your FAFSA.
What are the types of Financial Aid?
Financial Aid consists of grants, loans, scholarships, and work study. Financial Aid can come from a variety of sources: Federal and State, institutional, and private. The Federal Student Aid site provides a comprehensive guide for families to understand the types of aid available to them.
- Grants: funds awarded based on a family’s estimated financial need. These funds do not have to be repaid. Families may be eligible for government funded grants—Federal or State—as well as from the institution. Rosemont automatically considers eligibility for government and institutional grants in the aid process for families who have submitted a FAFSA. Visit the Federal Student Aid site to learn more about Federal Grants.
- Loans: funds offered through both Federal and private lenders, that are borrowed and must be paid with interest. Loans have different terms and conditions, it is important for families to understand these prior to choosing to borrow the funds. The most common question we receive is about the difference between unsubsidized and subsidized loans. Unsubsidized loans accrue interest throughout the time of the loan, while subsidized loans do not begin incurring interest until a student ceases attendance at the institution. Visit the Federal Student Aid site to learn more about Federal Loans.
- Scholarships: Scholarships are gifts, that do not need to be repaid. There are many sources of scholarships. Rosemont offers merit scholarships for students who demonstrate academic achievement. We also offer several endowed scholarships that eligible students are considered for. And there are numerous other scholarship sources families should research including those offered by employers, individual foundations, private companies, nonprofits, communities, religious groups, and professional and social organizations. Visit the Federal Student Aid site to learn more about scholarships.
- Work Study: a need based Federal program that allows students to earn money to pay for school by working part time. This aid is not included in student packages, rather students must secure a work study funded position and will receive payment for hours worked. Visit the Federal Student Aid site to learn more about Federal Work Study.
How do I accept my Financial Aid?
Accept your awards on the My Financial Aid Portal and ensure that you complete any missing information noted on your award letter.
Details on student’s individual financial aid package can also be found through iWay, Rosemont’s internal site for registered students.
What forms are needed to apply for Financial Aid?
What is the FAFSA?
The FAFSA, or Free Application for Federal Student Aid, is used to determine the amount of money a family is expected to contribute toward college or university costs. The results of the FAFSA influence student grants, work study opportunities, and loan amounts.
Do I have to apply for the FAFSA each year?
Yes, the FAFSA must be completed each year using the tax information filed at the beginning of each year. It is recommended to use the IRS Data Retrieval Tool to submit this tax information and wait three weeks after filing taxes to retrieve the data from the IRS. The information from the FAFSA is automatically sent to the state where the student resides.
How often must I reapply for Financial Aid?
Financial aid must be reapplied for each year. The FAFSA becomes available on October 1st annually to determine eligibility for the following academic year.
What is the difference between a Scholarship and a Grant?
A scholarship is typically based on merit, often determined by your academic record. Grants, on the other hand, are typically awarded based on financial need, which is assessed through the FAFSA.
Are loans considered Financial Aid?
Yes, loans are considered a form of self help aid, specifically for college students pursuing degrees. They are guaranteed and, in some cases, subsidized by the federal government.
What are the different types of Federal Stafford Loans?
The Federal Direct Subsidized Stafford Loan is available to students who demonstrate financial need with the US Department of Education and pay interest while in school.
The Federal Direct Unsubsidized Stafford Loan is offered to eligible students without requiring a demonstration of financial need. Students are responsible for paying the interest, which can be capitalized at the end of the grace period or paid while in school.
When do I begin repaying my Stafford loan?
Students are required to begin payments on their loan six months after they cease to be at least a half time student. This is called a grace period and usually begins after graduation. However, if a student drops below half time status at any point in their education, the grace period will begin immediately.
What is a Federal Direct PLUS loan?
A Federal Direct PLUS loan is a type of loan that parents of college students can take out to help cover their child’s college costs. To obtain this loan, the parent’s credit history must be approved. If the parent is denied a Federal Direct PLUS loan, the student may be eligible for additional Federal Direct Unsubsidized Stafford Loans.
Federal Direct PLUS funds are sent directly to the school. Any overpayment can result in a refund check being sent to either the parent or the student, as directed by the parent.
Does Financial Aid automatically zero out my account balance?
No, Financial Aid does not automatically bring your student account to a zero balance. Please monitor your iWay Student Information throughout the semester to ensure there are no outstanding balances. If you notice any changes, schedule an appointment with our office to discuss your Financial Aid, we are here to assist you.
Can I access my Financial Aid information online?
Yes, if you have been admitted to Rosemont College, you can access your financial aid information online through the Rosemont online financial aid portal on iWay.
What are my account balance payment options?
- Pay by Credit Card: To access CashNet with your CashNet PIN, log in to your Rosemont iWay, and select the “Student Finance” tab. Subject to credit card processing fees.
- Pay by Check or Electronic Check: To access CashNet with your CashNet PIN, log in to your Rosemont iWay, and select the “Student Finance” tab. There are no fees assessed with checks or electronic checks.
- Federal Direct PLUS Loan: Parents can apply at StudentAid.gov by signing in with their parent FSA ID (the same one used for the FAFSA). Interest rates fluctuate and are available on the federal website. Be sure to consider applicable loan origination fees when determining the loan amount.
- Payment Plan: In August, set up a payment plan to begin paying your balance. Fall and spring semesters each offer a five-month payment plan with a per-semester payment plan fee. To access CashNet, log in to your Rosemont iWay and select the “Student Finance” tab. Payment plans are subject to an administrative fee payable with the first installment.
What is Federal Work Study?
Federal Work Study awards estimate what a student could potentially earn in a semester or year through on campus jobs. Eligible students can apply for these limited, non guaranteed, federally funded positions. The Financial Aid office is prepared to assist and support qualifying students.
Can I discuss my child's student account with Rosemont?
Once your child becomes a student at Rosemont College, their privacy is protected. Therefore, the mentioned departments cannot discuss any personal information about the student unless they complete a FERPA, (Family Educational Rights and Privacy Act), waiver. This waiver allows the student to specify with whom our offices can discuss their personal information.
How does the Financial Aid Office communicate to students?
The Financial Aid Office primarily communicates through Rosemont email. It’s very important that students check their Rosemont email accounts daily to stay up to date on any requests or information that may be sent.
How do I renew my Pennsylvania State Grant? Do I have to apply for that grant every year?
Yes, it is very important that students and parents complete the FAFSA (Free Application for Federal Student Aid) renewal each year before May 1st to continue receiving the state grant. If you lose your state grant, you will owe additional money to the college, so be sure to reapply on time each year. Also, keep in mind that you may only receive eight payments of the PA state grant. If you are in school for more than four years, you will lose your state grant after the eighth semester payment and will owe additional money to Rosemont College.
Do some states restrict the transfer of state grants to schools outside their state?
Yes, some states do not allow students to transfer their state grants if they attend a school outside the state where they reside. States that do allow the transfer of state grants to Rosemont can be found on the Stat Aid page.
Can I meet personally with a Rosemont College Financial Aid Counselor?
Yes, you can. Although walk in appointments are available, scheduling an appointment online will minimize wait times. Additionally, check our live online chatbox hours.
What is the most important advice you can give me about the Financial Aid process?
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 iWay frequently to stay abreast of award changes and documents needed.
CARES
Rosemont College is required to provide regular reporting on the use of funds authorized by the CARES Act. Funds received by Rosemont College under the CARES Act were authorized by Congress and signed into law by the President on March 27, 2020. The information found on this page and under the button below is intended to not only meet the reporting requirements of the CARES Act but also provide information to the College community regarding Rosemont’s use of the student grant portion of the Higher Education Emergency Relief Fund (HEERF)
HEERF I Reporting
Rosemont College is required to provide regular reporting on the use of funds authorized by the CARES Act. Funds received by Rosemont College under the CARES Act were authorized by Congress and signed into law by the President on March 27, 2020. The information noted below is intended to not only meet the reporting requirements of the CARES Act but also provide information to the College community regarding Rosemont’s use of the student grant portion of the Higher Education Emergency Relief Fund (HEERF).
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the Act to submit (in a time and manner required by the Secretary) a report to the Secretary describing the use of funds distributed from the HEERF.
Section 18004(c) of the CARES Act requires institutions to use no less than 50 percent of the funds received from Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, healthcare, and childcare).
Rosemont College was required to sign a Certification and Agreement in order to access funds under this program. This Certification and Agreement requires each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act. A part of this compliance includes:
“The following information must appear in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and be updated every 45 days thereafter:
- An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- Rosemont College signed and submitted the U.S. Department of Education Certification and Agreement for Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 13, 2020. The U.S. DOE provided Rosemont College with an electronically signed Grant Award Notification (GAN) on April 25, 2020.
- The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
- Rosemont College received $326,571 for Emergency Financial Aid Grants to Students.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).
- $326,571
- The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
- 215 Title IV Eligible Rosemont Students
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
- Grant processing for the 215 eligible students noted above began on 5/19/20.
- The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
- Rosemont College identified all currently enrolled, full-time, undergraduate students within the College's financial aid system who met the eligibility guidelines for a Pell Grant. Enrollment statuses and continued federal aid eligibility were confirmed for each student prior to disbursement of emergency funds as outlined in the CARES Act and additional guidance from ED.
- Each student’s Pell grant amount was identified, and total CARES grant funds were distributed on the same basis as total Pell funds per student. Hence, students with highest need received highest grant amount, with amounts per student being lowered for those students with a lower need as measured by their Pell Grant eligibility.
- Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
HEERF II Reporting
Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.
What was the total amount of funding Rosemont College Received?
The total amount of funding Rosemont received from the Department of Education for Emergency Financial Aid Grants was $2,142,944.
What is the total amount of Emergency Financial Aid Grants Rosemont paid?
The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of September 30, 2021, is $728,112.53.
What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?
Rosemont estimates that there were 518 active students enrolled in the Spring 2021 term with a FAFSA on file and eligible to participate in Title IV Financial Aid Programs under the Higher Education Act of 1965.
What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding?
There are a total of 170 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act for the HEERF II distribution. Rosemont College issued $326,571 to students in HEERF II funding.
What method did Rosemont College use to distribute Cares Act Funding?
In our commitment to assisting students during the global pandemic, Rosemont issued Emergency HEERF II Financial Aid Grants to students who demonstrated the highest need during the Spring 2021 semester. Students were determined to be of the highest need if a 2020-2021 FAFSA application was on file with Rosemont and the students were eligible for a Federal Pell Grant based on their Expected Family Contribution (EFC).
Rosemont College created a wide-ranging and equitable distribution system among the students with the highest demonstrated need according to the 20-21 FAFSA, housing status and full-time, part-time, or less than half time enrollment. The payment represents a percentage of the students Federal Pell Grant eligibility and ranged from $2,461.62 to $307.65.
HEERF III Reporting
Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.
What was the total amount of funding Rosemont College Received?
The total amount of funds Rosemont received from the Department of Education for Emergency Financial Aid Grants is $2,142,944.
What is the total amount of Emergency Financial Aid Grants Rosemont paid?
The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of September 30, 2021, is $728,112.53.
What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?
Rosemont College estimated 338 students were eligible for the HEERF III distribution during the Summer 2021 semester.
What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding?
There are a total of 177 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $76,250 as of September 30, 2021, for the HEERF III distribution.
What method did Rosemont College use to distribute Cares Act Funding?
In Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Summer 2021 semester and matriculating toward a degree program.
- Rosemont College issued $750 payment to students who were Pell eligible with valid 2020-2021 FAFSA’s on file.
- Rosemont College issued $500 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2020-2021 FAFSA on file.
- Rosemont College issued $250 to students who did not submit a valid 2020-2021 FAFSA.
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HEERF III Reporting (Continued)
Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.
What was the total amount of funding Rosemont College Received?
The total amount of funds Rosemont received from the Department of Education for Emergency Financial Aid Grants is $2,142,944.
What is the total amount of Emergency Financial Aid Grants Rosemont paid?
The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of December 31, 2021, is $890,012.53.
What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?
Rosemont College estimated 338 students were eligible for the HEERF III distribution during the Summer 2021 semester and 740 students during the Fall 2021 semester.
What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding for Summer 2021?
There are a total of 214 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $86,500 as of December 31, 2021, for the Summer 2021 HEERF III distribution.
What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding for Fall 2021?
There are a total of 204 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $151,650 as of December 31, 2021, for the Fall 2021 HEERF III distribution.
What method did Rosemont College use to distribute Cares Act Funding?
For Summer 2021, in Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Summer 2021 semester and matriculating toward a degree program.
- Rosemont College issued $750 payment to students who were Pell eligible with valid 2020-2021 FAFSA’s on file.
- Rosemont College issued $500 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2020-2021 FAFSA on file.
- Rosemont College issued $250 to students who did not submit a valid 2020-2021 FAFSA.
For Fall 2021, in Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Fall 2021 semester and matriculating toward a degree program.
- Rosemont College issued $900 payment to students who were Pell eligible with valid 2021-2022 FAFSA’s on file.
- Rosemont College issued $650 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2021-2022 FAFSA on file.
- Rosemont College issued $400 to students who did not submit a valid 2021-2022 FAFSA.
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To inquire about Rosemont College’s HEERF Distributions or to apply for a Cares Act Emergency Financial Aid Grant, please contact the Office of Financial Aid or the Office of the Bursar.
Quarterly Budget and Expenditure Reporting under CARES Act
Institutional and student portion (June 2022)
Institutional portion (September 2021)
Institutional portion (June 2021)
Institutional portion (March 2021)
Institutional portion (September 2020)
Financial Aid Process
Step 1: Submit your FAFSA. In December this year, the Federal Government will open the Free Application for Federal Student Aid (FAFSA®) form. Families are highly encouraged to complete this form as it is the only way institutions like Rosemont can evaluate what federal and state aid a student is eligible to receive. It is also how many institutions evaluate institutional grant eligibility, so it’s a good idea for even families who don’t think they would be eligible for government funding to complete the FAFSA. To send your FAFSA to Rosemont, enter our school code (003360). Completing the FAFSA is not as daunting as it seems. Please reference the Federal Student Aid website.
NOTE: The priority FAFSA filing deadline for Rosemont College is January 15. Completing your FAFSA early will expedite the processing of your financial aid. If you are a Pennsylvania resident, then you must file the FAFSA before May 1 to receive consideration for a state grant. However, the processing submission deadline for Rosemont College students is June 15, and for Pennsylvania State Grants, the processing submission deadline is April 15th.
Step 2: Receive your Initial Aid Package*. After we receive your FAFSA and you’ve been admitted to the college, you will receive an email—the email address used to complete your FAFSA—outlining your initial financial aid award that indicates the types and amount of aid you qualify for based on the expected family contribution (EFC) determined on your FAFSA, and your provided high school GPA. Your award letter will also notify you of any additional information needed to complete your financial aid file or to resolve any issues with your FAFSA. If you choose not to submit a FAFSA, but are eligible for a merit scholarship and/or any type of tuition discount or other scholarship, we will notify you—but this will not include any federal or state funding. If you choose not to submit a FAFSA, and are not eligible for any institutional merit or scholarships, you will NOT receive any financial communication.
Step 3: Determine your Balance Due. Understanding your financial aid package and how much a Rosemont College education will cost you is important. We have developed the worksheet below to assist you in calculating the balance due after your financial aid has been applied to your institutional charges. For more details, please view Tuition & Fees.
Step 4: Complete the Steps to Finalize Your Aid.
Submit your Enrollment Deposit. If you haven’t already, you must finalize your enrollment at the college by submitting your deposit (which goes toward your first bill).
• Let us know you are ready to finalize your aid. Once you formally enroll at Rosemont by submitting your deposit, you will receive your Rosemont email address and gain access to Rosemont’s student web portal where you will receive directions on how to finalize your Financial Aid. This access may take up to 72 hours.
• Complete and submit outstanding documents. You may be required to provide additional data in order to receive Federal Student Aid.
• Student Loan Related Forms: To accept loan funds families may be required to complete several federal forms. If you have not yet completed these, you will be required to complete the following:
• Entrance Counseling (only needed if accepting student loans)
• Master Promissory Note (MPN) (only needed if accepting student loans)
• Parent Plus Loan Application (only needed if parent wishes to apply for additional loan funding)
• Verification Forms: The law says that before awarding Federal Student Aid, the Federal Government may ask families to confirm the information reported on their FAFSA prior to funds being confirmed. All verification forms can be accessed in the iNet financial aid portal.
• Identity and Statement of Educational Purpose (SEP) form is required when a student is selected for verification by the US Department of Education. The form verifies a student’s identity and that they understand that federal student financial assistance must be used for educational purposes.
• Special Circumstances Forms
NOTE: Financial Aid packages are subject to change. There are a number of reasons why your Financial Aid might need to be updated. This may include, but is not limited to:
• Changes in enrollment or housing status
• Changes to your FAFSA that can occur through loan verification or corrections you make.
• Receipt of additional aid—like external scholarships—that the college was not aware of when aid was awarded.
Disbursement
Typically, financial aid is finalized and posted to your student account during the first couple weeks of each semester. If your financial aid exceeds your charges, then you will be issued a refund, which can be used for educational expenses such as books or transportation. Refunds checks are issued by the Bursar’s Office after the aid has actually been credited to your student account.