Step One: FAFSA

To apply for federal student aid, students must complete the Free Application for Federal Student Aid (FAFSA), using Rochester College’s federal code 002288. Beginning with the 2017-2018 award year, the FAFSA is available Oct. 1, at no cost to students.. Students will be considered for Pell Grant, Federal Supplemental Opportunity Grant, Federal Direct Loans, Michigan Competitive Scholarship and Michigan Tuition Grant. To ensure student’s eligibility for the Michigan Competitive Scholarship/Michigan Tuition Grant, by March 1st Rochester College’s federal code must be school #1 on the list of schools on student’s FAFSA. Any loans offered and accepted are required to be repaid. Repayment begins six months after graduation and/or ceasing to attend at least on a half time basis.

Step Two: FAFSA Processing

Student Financial Services will receive a copy of the student’s FAFSA application 3-5 business days after submission, and will review it for completeness and accuracy. If the student’s FAFSA is approved, they will receive an award letter email outlining the total amount of financial aid they are qualified for during the Academic Year in which FAFSA was applied. If additional information is required on the FAFSA, students will receive an email from our office outlining the updates needed.

Step Three: Student Promissory Note and Entrance Counseling

First time loan borrowers MUST complete the entrance counseling and loan promissory notes at www.StudentLoans.gov.

Step Four: Cost of Attendance

Review total costs to attend, financial aid awards, and any potential out of pocket costs. Costs for attendance are outlined below. Review the column that pertains to the student’s situation, review their total financial aid awards and the amount they are left with is the total amount either due out of pocket, or the total amount the student will receive in a refund check. Refunds from disbursements will be sent to the Business Office for check processing approximately two weeks after the start of the semester.

Cost of Attendance
Tuition and fees billed to student’s account does not include potential course fees.
Educational expenses include bookstore purchases, travel, commuter room and board and other educational expenses.

  • Residential student (including all educational expenses): $32,896
  • Residential student (only tuition and fees billed to account): $30,380
  • Commuter student (including all educational expenses): $30,232
  • Commuter student (only tuition and fees billed to account): $22,312

Step Five: Accept/Deny Financial Aid Awards

Students will create a username and password for their Rochester College portal (my.rc.edu). Students may accept/deny their awards by going to Financial Services, My Award Letter, and make sure the term next to their name is FA-18. Accept/deny ALL awards for the 2018-2019 Academic Year.

Step Six: Bookstore Voucher

Students with a credit balance will be mailed a voucher when financial aid documents are complete. To opt out, please email sfs@rc.edu. 

Step Seven: Additional Financial Aid Resources

After comparing the cost of attendance with the total financial aid awards students have received, there may be a gap that is required to be paid out of pocket. Options for financing this amount are below. Students may select their desired option of payment by logging on to their student portal under My Billing Ledger.

  1. Parents of dependent students wishing to apply for a Parent PLUS Loan may do so online at www.StudentLoans.gov. If approved, the parent must complete the Loan Promissory Notes on that same site. If denied, the student may be eligible for up to an additional $4,000 in loans for freshman/sophomores college level and $5,000 for junior/senior college level.
  2. Students may apply for a private student loan. Applications are located at www.finaid.org.
  3. Students may pay the out-of-pocket cost in full or enroll in a payment plan, for a one-time payment plan fee.

Step Eight: Payment Due Date

Payment Due Dates for Traditional/Graduate student Summer 2018:

  • Initial Payment: April 27th, 2018, One third of the balance due
  • May 15th, 2018, One third of the remaining two thirds balance due
  • June 15th, 2018, One third of the remaining two thirds balance due
  • July 15th, 2018, One third of the remaining two thirds balance due

Payment Due Dates for Traditional/Graduate student Fall 2018:

  • Initial Payment: August 23rd, 2018, One third of the balance due
  • September 15th, 2018, One third of the remaining two thirds balance due
  • October 15th, 2018, One third of the remaining two thirds balance due
  • November 15th, 2018, One third of the remaining two thirds balance due

Payment Due Dates for Traditional/Graduate student Spring 2019:

  • Initial Payment: January 3rd, 2019, One third of the balance due
  • February 15th, 2019, One third of the remaining two thirds balance due
  • March 15th, 2019, One third of the remaining two thirds balance due
  • April 15th, 2019, One third of the remaining two thirds balance due

Payment Due Dates for Traditional/Graduate student Summer 2019:

  • Initial Payment: April 26th, 2019, One third of the balance due
  • May 15th, 2019, One third of the remaining two thirds balance due
  • June 15th, 2019, One third of the remaining two thirds balance due
  • July 15th, 2019, One third of the remaining two thirds balance due

Additional Information regarding Direct Loan Terms and Conditions, and other Financial Aid and Billing policies, may be found at rc.edu under Financial Aid and Billing and in the Rochester College course catalog.

For questions, please contact Student Financial Services by phone at 248-218-2127, or by email at sfs@rc.edu.