Federal Aid
Federal Financial Aid
We Look Forward to Welcoming You to the Rosemont Community!
Federal Financial Aid consists of grants, work study, subsidized, unsubsidized loans and Direct PLUS loan options. Learn more about each of these Federal Aid options below.
Students can apply for Federal Financial Aid by completing the Free Application for Federal Student Aid (FAFSA®) form using the instructions listed below. To see all Financial Aid options available to you, please visit the Financial Aid home page.
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Start Your Free Application for Federal Student Aid
The most important things families can do in the Financial Aid process is to send Rosemont their FAFSA® by entering our school code (003360) on the form:
Rosemont College FAFSA® school code: 003360
Work Study
Grants
Direct PLUS Loans
Subsidized & Unsubsidized Loans
Loan Limits
FAFSA® Verification
Approximately one third of FAFSA filers are selected for verification. A requirement of the US Department of Education, verification is the process of confirming information submitted on the FAFSA.
Students are responsible for submitting requested information to complete the verification process no later than 45 days before the last day of the student’s enrollment.
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.
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Inspiration from the Venerable Cornelia Connelly, Foundress of the Society of the Holy Child Jesus,
the Sponsoring Congregation of Rosemont College
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Satisfactory Academic Progress
Undergraduate/Professional Studies
At the time of evaluation, if minimum standards have not been met, the student will become ineligible for student aid until standards are met again. In accordance with federal regulations, Rosemont College's policy is to monitor academic progress for students in the Undergraduate College at the end of the Spring semester. A student must have a cumulative GPA of at least 2.0 (qualitative standard). They must also have passed at least 67% of all credits attempted (quantitative standard).
Graduate Students
Rosemont College’s policy is to monitor academic progress for Graduate students in the School of Graduate and Professional Studies (SGPS) at the end of the Spring semester. Graduate Students must have a cumulative grade point average of at least 3.0 (qualitative standard). They must also have passed at least 75% of all credits attempted (quantitative standard).
For All Students
Students who fail to meet the minimum standards of Satisfactory Academic Progress will be notified in writing by the Financial Aid Office and their Financial Aid will be suspended. Students who fail to meet the academic progress standard may submit an appeal with the Financial Aid Office prior to the start of the next academic semester.
Students who fail to meet the academic progress standard may submit an appeal with the Financial Aid Office prior to the start of the next academic semester.
- Appeals should specify mitigating circumstances, such as illness or death in the family that prevented the student from achieving satisfactory academic progress.
- The Financial Aid Office may request additional documentation to support the appeal.
- The student will be notified in writing of the outcome of the appeal.
- If the appeal is denied the student will remain ineligible until both standards are met.
- Students will also become ineligible for aid if they have not graduated within completing 150% of the required hours needed to complete their program as defined in the Rosemont College Handbook.
Financial Aid Probation
If the appeal is granted the student will be placed in a status of Financial Aid probation for one semester. The student may also be required to complete an Academic Action Plan with the student academic support center (undergraduates) or student services (graduate and professional studies students) if it is determined it is not possible for the student to meet the qualitative and quantitative standards to make Satisfactory Academic Progress after just one semester’s coursework.
Work Study
The Federal Work Study program offers part time employment opportunities for undergraduate and graduate students who demonstrate financial need, enabling them to earn funds to support their educational expenses. This program not only facilitates financial assistance but also promotes community service and positions that are aligned with the student's field of study.
Federal Work Study Eligibility Criteria
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- Demonstrate financial need as determined by the FAFSA
- Secure a position
- Submit all required documentation
*Note: Due to high demand for the program, not all students with an eligibility award will be guaranteed a position. Typically, positions are filled on a semester by semester basis, with many students continuing in their roles from the fall semester into the spring semester.
If you are working on campus for the first time, please ensure you bring the required I-9 documents. Both the Office of Financial Aid and the Payroll Department must receive these forms before you can obtain a Student Employment Contract. The I-9 form, a federal requirement, verifies your identity and employment eligibility. You will be unable to start your position until the college has on file your completed I-9, W-4, Student Employment Contract, and Confidentiality Agreement.
If you have previously worked on campus, you do not need to resubmit the I-9 form. However, you will receive a Student Employment Contract and Confidentiality Agreement which must be completed before your first day of work.
*Note: A Student Employment Agreement is required for every campus job and must be completed each academic year, regardless of prior employment.
Steps to Obtaining a Position
Each department at Rosemont conducts its own hiring. This takes place at various times for various departments. Be sure to check ADP Recruitment as job opportunities change frequently, Student Employment Positions.
Federal Grants
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
The federal SEOG grant is awarded to students with extremely high financial need and does not have to be repaid.
Direct PLUS Loans
Direct PLUS Loans for Parents
Direct PLUS loans are loans made available to parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers of a Parent PLUS loan can request up to a student’s Cost of Attendance minus the student’s current aid offer. Approved parents must complete the Master Promissory Note (MPN) agreeing to the terms of the loan.
Dependent undergraduate students whose parents are not deemed credit worthy for the Federal Direct Parent PLUS loan program are eligible to borrow an additional $4,000 Federal Direct Unsubsidized Loan as a freshmen and sophomore, and an additional $5,000 Federal Direct Unsubsidized Loan as a junior and senior.
Direct PLUS Loans for Graduate or Professional Students
Direct PLUS Loans for Graduate or Professional Students is a credit based federal loan program for graduate and professional students pay for education expenses not covered by other Financial Aid and are subject to interest and fees. Credit worthy applicants can borrow a loan amount up to the cost of education not covered by other aid.
Applicants should reference Rosemont College Tuition & Fees to determine the amount needed before applying for a PLUS loan for Graduate or Professional Students.
Direct Subsidized & Unsubsidized Loans
The US Department of Education’s Federal Student Loan Program provides all students that apply with a valid FAFSA the opportunity to borrow a yearly amount of loans where the U.S. Department of Education is the lender.
Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need where interest does not accrue, it is paid by the Federal Government.
Loan Limits
Year |
Dependent Students(except students whose parents are unable to obtain PLUS Loans) |
Independent Students(and dependent undergraduate students whose parents are unable to obtain PLUS Loans) |
| First Year Undergraduate | $5,500, No more than $3,500 of this amount may be in subsidized loans | $9,500, No more than $3,500 of this amount may be in subsidized loans. |
| Second Year Undergraduate | $6,500, No more than $4,500 of this amount may be in subsidized loans. | $10,500, No more than $4,500 of this amount may be in subsidized loans. |
| Third Year+ Undergraduate | $7,500 per year, No more than $5,500 of this amount may be in subsidized loans. | $12,500, No more than $5,500 of this amount may be in subsidized loans. |
| Graduate or Professional Student | Not Applicable (all graduate and professional degree students are considered independent). | $20,500 (unsubsidized only). |
| Subsidized and Unsubsidized | $31,000, No more than $23,000 of this amount may be in subsidized loans. |
$57,500 for undergraduates, No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students, No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study. |
Interest Rates
Undergraduate Borrowers |
Graduate or Professional Borrowers |
|
6.53% Direct Subsidized Loans and Direct Unsubsidized Loans |
8.08%
Direct Unsubsidized Loans
|
FAFSA® Verification
Federal student aid will remain estimated and will not be credited to the student’s account until verification is complete. Additionally, students awarded Federal Work Study may not begin employment until verification is complete.
Items to Be Verified Include:
• Adjusted Gross Income
• US income tax paid
• Number of family members in the household
• Number of family members enrolled in post secondary schools at least half time
• Untaxed income
• Any other conflicting information.
Students are notified in writing by the Financial Aid Office of the documents need to complete verification. The following documents are those generally required to complete the process.
• Signed copy of student’s federal income tax return from the prior, prior year (two years ago)
• Signed copy of parents’ federal income tax return from prior, prior year (two years ago for dependent students)
• Student’s W-2 form(s) from prior, prior year (two years ago)
• Parents’ W-2 form(s) from prior, prior year (two years ago for dependent students)
• Spouse’s W-2 form(s) from prior, prior year (two years ago for married independent students)
• Signed copy of spouse’s income tax return for prior, prior year (two years ago for married independent students)
• Verification Document
Upon receipt of the verification documents, Rosemont will compare the information on the submitted documents with that on the FAFSA. If discrepancies are revealed, the school will make the corrections, which could result in a change in aid eligibility.
Rosemont will notify the student in writing of any changes in eligibility due to verification within one week of completing the verification process. We will cease processing federal student aid for students who fail to submit the required verification documents before the deadline.
If a student is selected for verification after federal student aid funds have already disbursed, the school will withhold all future disbursements of federal student aid until verification is complete.
Overpayment of Financial Aid
If verification results in the student’s ineligibility for aid that has been previously disbursed, then the student is responsible for repaying aid that he/she is not eligible for. We will notify the student in writing requesting full payment of the overpayment of aid he/she is not eligible for.
Any student in an overpayment status who fails to repay the overpayment or make satisfactory repayment arrangements will be reported to the US Department of Education and/or to the National Student Loan Data System (NSLDS) and remain ineligible for further federal student aid until the overpayment is resolved.
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)