Financial Aid Newsletter
W I N T E R
SPECIAL
POINTS OF
INTEREST:

Work-study posi-
T E R M
2 0 1 5 + 2 0 1 6
FAFSA Filing AGAIN… January 1, 2016
tions are still
available. Check
them out on
www.rosehulman.edu

Office Hours
Monday—Friday
8:00 am—5:00pm
INSIDE THIS
ISSUE:
Financial Aid
and Coursework
Senior Relocation Loans
Dreaming of
Summer Term
2
2
Mark your calendar! Submitting
2016-2017 Free Application for
Federal Student Aid (FAFSA)
began January 1, 2016. For students who are residents of the
state of Indiana, the deadline is
March 10th.
Completing your FAFSA online is
the quickest and most accurate
way to apply for financial aid.
Submitting a FAFSA comes with
no strings attached. The application is free and available online at
www.FAFSA.gov.
If you filed a FAFSA for the current school year, make sure it
includes your current email address. Otherwise, you may not
receive important information
from the Department of Education regarding your ability to
submit a Renewal FAFSA for the
2016-2017 school year. Since
the Renewal FAFSA includes
many of the answers that you
provided on your prior year
application, you will have fewer
questions to complete. If you
are unsure of the email address
on file with the Department of
Education, review your 20152016 FAFSA at www.FAFSA.gov.
mation Section”.
For tax filers: The IRS Data
Retrieval is the best option for
filing the FAFSA. If you file the
FAFSA before your taxes are
available to do the IRS Data Retrieval, you may go back later
and do the retrieval. The instructions are as follows:
* Amended taxes
Click on the IRS Data Retrieval
Tool. Enter the required information to transfer IRS income
tax data to your FAFSA.
You are not eligible to use this
tool if any of the following applies to you or your parent(s):
* Married, filing separate
* Puerto Rican or foreign tax
return
RHIT School Code:
001830
Go to www.FAFSA.gov, and log
in. Click on “Make FAFSA Corrections”
Navigate to “Financial Infor-
2
State of Indiana
Aid
3
2017—2018
FAFSA
3
VA Benefits
3
Repeated
Coursework
4
How Do I Find
my Loan History?
4
Double Majors/Double Degree Program
If you are a student who is pursuing a double major or a double
-degree program, you will need
to be cautions about how you
take your classes at the end of
the major.
The federal regulations state that
once you finish your first Bachelor’s degree you can not get aid
for the second major. In order
for you to receive financial aid
for both majors or programs,
you must finish both majors in
the same term. If you finish one
before the other, you are not
eligible for any undergraduate
financial aid after completing the
first degree.
If you are receive VA benefits,
regarding the regulations that
pertain to you.
If you have any questions, please
contact the Financial Aid Office.
PAGE
2
Financial Aid and Coursework
Federal regulations stipulate that students cannot
be awarded financial aid for
course work that is not applicable to the student’s
current degree program.
For example: if a student is
enrolled in a total of 12
credit hours for a term but
4 of those credit hours are
not applicable to the student’s
degree program, the student will only be eligible to
receive federal aid for the
8 hours of courses that are
applicable to the student’s
degree program. The students can enroll in courses
that do not apply to their
degree if they are already
enrolled in 12 credit hours
that do apply to his/her
degree program.
If you are unsure if a course
does or does not apply to
your degree program, you
should review your program requirements with
your academic advisor.
Senior Relocation Loans
Obstacles are
those things you
see when you take
your eyes off the
goal!
The Class of 34 and
McGregor loans are designed to be used by those
seniors who are in need of
additional funds to pay for
basic relocation expenses.
6% and must be repaid
within 12 months. The
maximum loan amount for
each loan is $2,500.00.
(You may only receive one
loan.)
The Class of 34 loan has an
interest rate of 7% and
must be repaid within 30
months. The McGregor
loan has an interest rate of
You must show that you
have employment secured
upon graduation as a
means to repay this loan.
The funds for these loan
programs are limited and
are given on a first come,
first serve basis for those
who are approved.
The proceeds from these
loans will not be disbursed
until the 6th week of the
quarter in which you are
graduating. Contact Student Financial Services in
Moench Hall or ext. 8972.
Dreaming of Summer
Summer of 2016 may seem far away, but remember the amount you borrow during
the fall/winter/spring terms will affect what is available to you in the upcoming summer term. If you are offered and you accept the annual maximum limits of loans
and receive your maximum Federal Pell Grant for the fall/winter/spring term, your
financial aid for the summer term may be limited to private/parent loans.
If you are planning to attend summer classes, it is important for you to plan ahead
and talk to the Financial Aid Office regarding your options.
FINANCIAL
AID
NEWSLE TTER
PAGE
State of Indiana Aid
In order to receive the maximum amount of
state aid, a student will need to take at least
15 credit hours per term or 45 credit hours
per academic year.
If you earn less than 45 credit hours in an
academic year, then your eligibility for state
aid during the next academic year will be
decreased
If you are a 21st Century Scholars, it is very
important that you complete 45 credit hours
in an academic year, or your aid will be decreased significantly.
2017-2018 FAFSA
Starting in the 2017-2018
school year, instead of waiting
until you and/or your parents
have completed your tax returns for the previous year,
students will now be able to
complete the FAFSA using information from two-years prior
(PPY). Using two-years prior tax
information on the FAFSA (as
opposed to one-year prior information) will increase the
form's accuracy and give families an earlier and more accurate idea of their anticipated
financial aid and college costs.
With the switch to PPY, students and families will be able
to:

File the FAFSA earlier. Under the new PPY system,
the 2017-2018 FAFSA will
be available in October
2016, rather than January
1, 2017 and students/
parents will use their 2015
finances.

More easily submit a FAFSA. The IRS Data Retrieval
Tool (DRT), which allows
automatic population of a
student’s FAFSA with tax
return data and decrease
the need for additional
documentation. Since tax
data from two years prior
would be readily available
upon the FAFSA application.
Veterans Affairs
The Financial Aid Office is now the office that certifies VA benefits. If you
are a VA benefit recipient, please contact Candice Sutliff in the Financial
Aid Office. Each term all VA students must fill out a Veteran’s Certification
Form and turn it in to Ms. Sutliff. Your certification will not be sent in until
our office receives the Certification Form. It is very important that you
keep the VA certifying officials informed of any changes in your enrollment.
3
Repeated Coursework
Federal regulations limit the number of times undergraduate students can receive financial aid for repeated
coursework. The general rule is that students may only receive financial aid for repeating a course one time
after previously passing the same class with a grade of “D” or better.
Consider the following examples:
Fall 2015 – A student takes a class and receives a grade of “C”: course is eligible for aid.
Spring 2016 – The student repeats the same class: course is eligible for aid.
Fall 2016 – The student registers for the same course once again to try for a better grade: course is
INELIGIBLE for aid.
In this example, if the student registered for 12 credit hours for fall 2016 and three of those credits represented an ineligible repeated course, then the student’s financial aid eligibility would be based on nine
credit hours for that term; thus, the student would be considered a three-quarter time student. This is true
regardless of the reason (want or need) for repeating the course.
Financial Aid Staff:
Rose-Hulman Institute of Technology
Melinda Middleton
Director of Financial Aid
middleto@rose-hulman.edu
Candice Sutliff
Assistant Director of Financial Aid
sutliff@rose-hulman.edu
Luann Hastings
Assistant Director of Financial Aid
hastings@rose-hulman.edu
Jill Mishler
Administrative Assistant
mishler@rose-hulman.edu
5500 Wabash Ave. CM 5
Terre Haute, IN 47803
Phone: 812-877-8672
FAX: 812-877-8838
How do I find my Loan History?
The Department of Education has a website called the National Student Loan Data System (NSLDS). NSLDS
provides a centralized, integrated view of Title IV (federal) loans and grants that are tracked through their
entire cycle. It displays information on loan amounts, outstanding balances, loan statutes and disbursements. The login for the NSLDS site requires your social security number, the first two letters of your last
name, your date of birth and your FSA ID. Once you are in your account, you will be able to view each of
your federal student loans individually. You can see information regarding the original loan amount, outstanding balance, interest rate, lender, servicer and guarantor. This is the best way to determine how much
you have borrowed in federal loans and who you will need to contact regarding repayment.
The website address is: www.nslds.ed.gov/nslds_SA/