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Getting Started University Costs Forms Grants and Loans Aid Award Stafford Loan Loan Repayment Contact Us Financial Aid Home |
Q: If my parents can't contribute to my educational expenses, can I still qualify for enough aid to attend Rush? A: Graduate students are considered independent for most federal aid and parental income/resources are not considered in eligibility for non-institutional aid programs. Therefore, most graduate students do qualify for sufficient aid if they meet criteria for the various programs. You should be aware, however, that the aid will be in the form of loans. Undergraduate students must provide parent data if instructed to do so when completing the FAFSA. Contact our office for further clarification and assistance. Q: Even though I am independent of my parents, do I still have to provide parental information to be considered for institutional grants and loans? Why? A: Almost all graduates and most undergraduates exhibit a high amount of financial need. Parental information is used to award limited institutional funds to students who are the neediest and come from lower economic backgrounds. Q: My parents are divorced and both are remarried. Which parent do I include on the financial aid applications? A: Federal regulations state that the parental information should be on the parent that you lived with the most in the last 12 months. However, if you did not live with one parent more then the other, answer in terms of the parent that provided the most financial support in the last year or during the most recent calendar year that you were supported by a parent. Q: My parent(s) have remarried. Does my stepparent information have to be included? A: Stepparent information must be included, even if they weren't married in the previous year. Q: When do I apply for financial aid? A: The best time to apply is right after completion of tax returns. You will be using actual data instead of estimates, which will reduce the chance of your application being selected for "verification". Q. If I don't hear about my acceptance until just prior to the start of the program, can I still apply for aid? A: Yes. We suggest filing the FAFSA as if you were all ready accepted in your program. If you include Rush's school code (009800) on the FAFSA, it will be processed and sent to us automatically. Once you receive your acceptance notice then you can complete the institutional application and your financial aid package can be determine . Q: Will funds still be available to me if I am accepted late? A: Yes. Federal Stafford Loans will still be available, as will other types of loans. Every effort possible will be made to provide late acceptances with the same type of financial package as individuals accepted earlier. Q: When will I be notified of my financial aid package? A: Financial aid packages are awarded on a rolling basis from April 1st on. You will be notified if additional documents are needed. Q: If I have a poor credit record, will I still be able to receive loans? A: It depends. Federal Stafford and Perkins Loans are not based on credit; however, if you are in default on any federal loans, you will be unable to receive any additional federal loans. Outside loan programs require credit checks and you may be denied access to these funds. Q: Will a scholarship from a private source affect my aid from Rush? A: Scholarships and grants from outside sources will be used to reduce any loans awarded to you by Rush University. Grants from Rush probably will not be affected. |
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