Download PDF - Roger Williams University
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Financial Aid<br />
(For U.S. Citizens and U.S. Permanent Residents)<br />
Financial Aid<br />
<strong>Roger</strong> <strong>Williams</strong> <strong>University</strong> strives to maintain an active<br />
and equitable program of financial assistance for students<br />
who would otherwise not be able to attend the institution.<br />
The criteria for financial assistance are demonstrated<br />
need, academic performance, and a U.S. citizenship or<br />
eligible non-citizen status. Aid is awarded without regard<br />
to age, gender, race, sexual orientation, creed, national<br />
origin, or disability.<br />
There are three types of financial aid: loans, employment,<br />
and grants/scholarships. Assistance may consist of one or any<br />
combination of these types of financial aid. Awards can be from<br />
the federal government, the student’s state of residence, private<br />
agencies, and/or <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong>.<br />
How and When to Apply<br />
In order for <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong> to assess the financial<br />
need of each candidate in a uniform manner, all freshman and<br />
transfer applicants must submit:<br />
Early Action and Regular Decision Applicants<br />
• CSS Profile Form by January 1<br />
• <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong> Verification Form<br />
• Free Application for Federal Student Aid (FAFSA) by<br />
February 1<br />
• A copy of Federal Tax Transcripts from the IRS, W2 forms<br />
and that of their parents by April 15<br />
Returning Students: Students must reapply for financial aid<br />
each year to have their current eligibility determined. All<br />
returning students must submit:<br />
• Free Application for Federal Student Aid (FAFSA) by<br />
February 1<br />
• <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong> Data Form, available at the<br />
Office of Student Financial Aid and Financial Planning by<br />
February 1<br />
• A copy of Federal Tax Transcripts from the IRS, W2 forms<br />
and that of their parents by April 15<br />
Students must satisfy the academic standards of the <strong>University</strong><br />
to be considered for continuing financial assistance.<br />
The CSS Profile Form and Free Application for Federal Student<br />
Aid (FAFSA) are available online at www.CollegeBoard.com<br />
for the CSS Profile and www.fafsa.ed.gov for the FAFSA. The<br />
CSS Profile Registration Form and the FAFSA On The Web<br />
Worksheet are available from high school offices, transfer<br />
offices, and <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong>’s Office of Student<br />
Financial Aid and Financial Planning.<br />
Priority consideration is given to applicants whose<br />
FAFSA is received by the federal processor no later than<br />
February 1. Priority applicants are considered for the<br />
maximum aid possible according to their demonstrated<br />
need and <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong> policies. If actual<br />
income tax figures are not available, please estimate to<br />
the best of your ability.<br />
Satisfactory Progress Policy for Financial<br />
Aid Recipients<br />
Policy: Students receiving financial aid who do not meet the<br />
minimum requirement as outlined under the Rate of Progress<br />
may not be eligible to receive financial aid.<br />
Appeals: Any student who believes that mitigating<br />
circumstances prevented him or her from achieving the<br />
minimum requirement should write an appeal letter.<br />
This letter should explain the circumstances and state<br />
how the student anticipates achieving the required Rate<br />
of Progress. The letter should be addressed to Appeals<br />
Committee, Office of Student Financial Aid and Financial<br />
Planning, <strong>Roger</strong> <strong>Williams</strong> <strong>University</strong>, One Old Ferry Road,<br />
Bristol, RI 02809-2921.<br />
Federal Financial Aid Return Policy<br />
Any student receiving federal financial aid who withdraws is<br />
required under federal regulation, to have federal and/or state<br />
financial aid funds pro-rated.<br />
If a student withdraws, return of financial aid will<br />
be applied in accordance with federal regulations and<br />
institutional policy.<br />
Sources of Financial Aid Available Through<br />
the <strong>University</strong><br />
Educational Assistance for Veterans: The Veterans<br />
Administration administers programs for veterans<br />
and service people seeking assistance for education<br />
or training. Veterans and service people who initially<br />
entered the military on or after January 1, 1977 may<br />
receive educational assistance under a contributory<br />
plan. A deferred payment plan is available for veterans<br />
enrolling full time.<br />
Federal Direct Subsidized Loan: This program enables<br />
students with demonstrated need to borrow federally<br />
subsidized funds from the U.S. Department of Education.<br />
Repayment and interest accrual does not begin until six<br />
months after students graduate or drop to less than half-time<br />
enrollment. To apply for this loan, complete a FAFSA form,<br />
sign an Award Letter and complete a Master Promissory Note<br />
and Entrance Interview.<br />
Federal Direct Unsubsidized Loan: This program allows<br />
students who do not qualify based on need for the subsidized<br />
loan program to apply for this federal loan. Interest is accrued<br />
while the student is in school, with repayment of interest<br />
and principal beginning six months after graduation. The<br />
application criteria for the above program also applies to this<br />
loan program.<br />
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