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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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