Financial Aid Newsletter
SPECIAL
POINTS OF
INTEREST:

V O L U M E
Bucks for Books
Financial Aid
Office until
12/10/10.
Workstudy posi-
January 1 is just around the corner, which means it is almost
time to file your Free Application
for Federal Student Aid (FAFSA)
for the 2011-2012 school year.
Please be aware that the priority
deadline for filing in Indiana is
March 10th. Students living in
Indiana must file their FAFSA on
or before March 10th to be considered for State aid.
tions are still
available. Check
them out on the
web.

Office Hours
Monday—Friday
8:00 am—5:00pm

I S S U E
1
W I N T E R
T E R M
2 0 1 0
Get Ready to File Your FAFSA
available in the

1 ,
Refunds are
scheduled for
12/8/10.
INSIDE THIS
ISSUE:
AmeriCorps
2
Where is my
Loan History?
2
FAQs
2
How are we
doing?
3
Bucks for
Books
3
College Goal
Sunday
3
Scholarship
Math Problem
4
When completing the FAFSA,
you will use your 2010 federal
tax return. If you have not completed your federal taxes before
filing the FAFSA, you can still
submit your application using
best estimates. After your taxes
have been completed, you should
correct any income or tax information that is different from
what you initially submitted on
your FAFSA.
File your FAFSA Online in 4 Easy
Steps.
1.
Print the FAFSA on the
Web Worksheet at
www.fafsa.gov. Use this
form to get all of the necessary information together so
your time on the computer
is minimized.
2.
Submit your FAFSA
online at www.fafsa.gov
as soon as possible.
When you submit your
FAFSA online and use PINs
to sign it, your application
will be processed within 72
hours. If you or your parent need to apply for a PIN
or don’t remember your
PIN, you can receive your
PIN in “real-time” at
www.pin.ed.gov.
3.
Print your Student Aid
Report . Once your FAFSA is processed, you will
receive an email with a link
to your Student Aid Report.
If you do not provide an
email address or the email is
undeliverable, a paper Student Aid Report will be
mailed to you. If you do not
receive your Student Aid
Report, your FAFSA has not
been processed.
4.
Update your FAFSA
online at www.fafsa.gov
after you and your parents
have filed your taxes. You
will receive emails from the
Department of Education.
RHIT School Code
001830
ACG/SMART Update
The last award year the Department of Education will fund the
ACG and SMART Grant programs will be 2010 - 2011. Students receiving ACG/SMART in
2010-2011 will not be grandfathered in to receive any ACG/
SMART after 2010-2011. Therefore, it is very important for
students who may have had remaining eligibility after 2010-2011
to realize they will no longer
have this aid resource after the
2010-2011 academic year. Please
contact our office at 812-8778259 if you have any questions or
concerns regarding this aid program.
We want to keep you informed. The Financial Aid
Office will be producing a
newsletter for each term.
Watch for the Spring Newsletter in March.
PAGE
2
AmeriCorps
EARN MONEY TO PAY:
+ LIVING EXPENSES
+ OFF STUDENT LOANS
+ FOR EDUCATION
AmeriCorps is the nation’s
domestic service corps program which allows students to
earn educational and living
expenses for college. You do
not need to have workstudy to
participate in this program.
You can earn between
$1,132.00 and $2,038.00 in
Educational Awards and
$3,123.00 and $4,685.00 for
Living Allowance.
Positions are available in the
AmeriCorps Sycamore Service
Corps for 2010—2011. AmeriCorps is similar to the Peace
Corps, but on a local level.
Individuals serve at local nonprofit organizations in Vigo,
Sullivan, Clay, Parke and Vermillion Counties. You do not
need to be from these counties. You may be placed in the
position and do the volunteer
work while at Rose-Hulman.
AmeriCorps offers several
opportunities for interested
Rose-Hulman students to become involved in part-time
local community service.
Currently, there are open
positions for 300, 450, and 675
hours of service to be completed by August 31, 2011.
For more information, contact
the RHIT Financial Aid Office
at 812-877-8259.
How do I find my Loan History?
Obstacles are
those things you
see when you take
your eyes off the
goal!
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 statues and disbursements. The log-in for the
NSLDS site requires your social security number, the first
two letters of your last name,
your data of birth and your
FAFSA PIN. 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/
For further help, contact the
Financial Aid Office.
FAQs
What if I graduate early,
go on co-op, or Study
Abroad; what happens to
my financial aid. If you are
away from Rose-Hulman
during a particular term, your
financial aid for that term(s)
is dropped. Unfortunately,
we can’t divide it between the
terms you are here. If you are
FINANCIAL
AID
NEWSLE TTER
graduating early, the Financial
Aid Office might be able to get
you a little more Stafford loan
money. If you are interested
in more Stafford Loan money,
please stop by the Office of
Financial Aid to see if you
would be eligible.
What if my outside scholarship has not applied to
my account? You should
check with your scholarship
donor to make sure all required documents have
been submitted. Check
with the Financial Aid Office
if you have questions.
VOLUME
1,
ISSUE
1
PAGE
How are we doing?
We want your opinion on how we are
doing in the Financial Aid Office concerning customer service.
A survey will be sent to all students on
December 6th via email. We would like
to have your comments - good or bad.
We can’t improve our customer service
unless we hear from you.
It is only a ten question survey that you
can access on Banner Web. Please help
us so we can better serve you.
It isn’t where
you come
from, it’s
Bucks for Books
The Parent’s Association of RoseHulman Institute of Technology has
graciously donated funds to establish the Bucks for Books Loan fund.
Bucks for Books was established to
create a short-term solution for
students who are struggling to find
the funds to purchase textbooks
for the academic term. Eligible
students can borrow a maximum of
$650 under the program and repay
it prior to the end of that academic
term. The criteria for the program
is as follows:
1.
Student must be an undergraduate student enrolled at least
half time at Rose-Hulman.
going that
4.
Bookstore credit will be limited to the purchase of textbooks only.
5.
Student may borrow up to
$650.
2.
Loans will be extended to
students in need on a firstcome, first-served basis.
6.
Maximum repayment period
will run through the last day of
class for the term.
3.
Student must demonstrate an
ability to repay the funds
through a legitimate source.
7.
Loan is interest free.
College Goal Sunday
If you have a family or friend in
Indiana that needs assistance in
filing the FAFSA, we encourage you
to invite them to attend College
Goal Sunday on February 20, 2011
at 2:00pm. College Goal Sunday is
an event held around the state
offering free, professional help in
completing the Free Application for
Federal Student Aid. More information and a list of sites around
where you’re
Indiana is available online at
www.collegegoalsunday.org.
Several other states provide the
same service. Check with your
local high school for dates and
times for your Local College Goal
Sunday.
See the Financial Aid Office for a
Bucks for Books Application.
counts
3
Financial Aid Staff:
Melinda Middleton
middleto@rose-hulman.edu
Luann Hastings
hastings@rose-hulman.edu
Jill Mishler
mishler@rose-hulman.edu
New Outside Scholarship
Opportunity:
US Bank Internet Scholarship Program
Rose-Hulman Institute of Technology
5500 Wabash Ave. CM 5
Terre Haute, IN 47803
Available to high school and college
undergraduates. Forty $1,000 scholarships
awarded in a random drawing. No ESSAY.
Phone: 812-877-8259
Program runs October through March.
Fax: 812-877-8838
E-mail: middleto@rose-hulman.edu
Apply at: usbank.com/scholarship.
FinAID…. Math Problem
With each published RHIT Financial Aid Newsletter there will be a challenge. The first 10 undergraduate students that correctly answers the challenge question will win a $50.00 scholarship. You will need to email the answer to
Melinda Middleton at middleto@rose-hulman.edu. The first 10 correct answers received by Melinda will be the winners
of the $50.00 scholarship. Winners will be notified by email.
BAILEY CHALLENGE
Thirty people in a room and each shakes hands with all the
others. How many shakes in all?
Challenge was by Professor Emeritus Herb Bailey