Web Privacy Policy Alternative Loans These non-federal loans are secured through private lending institutions. Academic departments review the progress of continuing graduate students each term. Maximum award is $4,000. A Rensselaer leadership Award (Financial and material-wise) will be given to you in recognition of your outstanding record of academic and personal achievements, illustration of intellectual curiosity, and a strong commitment to excellence. Satisfactory Academic Progress (SAP), full time attendance, and aggregate limits are evaluated for renewability. Federal Direct Loan (Unsubsidized) Unsubsidized means that the federal government does not pay the interest on behalf of the borrower while the individual attends college at least half-time. Details on SAP guidelines are available at, Complete details on Federal Financial Assistance is available at, https://studentloans.gov/myDirectLoan/index.action, Acalog Academic Catalog Management System (ACMS), November 1 of year prior to start of enrollment (ex:11/01/2018 for 2019-2020), February 1 of enrollment year (ex:02/01/2019 for 2019-2020), November 1 of year prior to start of enrollment. The law further specifies that the code shall be displayed prominently on the institutions Web site and that all institutional officers, employees and agents with responsibilities related to such loans be annually informed of the provisions of the code of conduct. Graduate students: $20,500 from the unsubsidized program only. In addition, the borrower may defer payments while the student is enrolled at least half time. Note that a student who qualifies for an 80% tuition refund will have their Rensselaer total gift aid reduced by 80%:the student remains responsible to pay 20% of their initial tuition bill and they retain 20% of their Rensselaer gift aid. If you try your best you can also study in abroad with International students have a big hurdle of managing the finances while studying abroad. Several types of assistance to help defray the cost of graduate study are available from Rensselaer funds. The RAA continues its strong tradition of support to the Institute, our alumni, and current students, with the RAA Scholarship Fund, established in 2016 with a gift of $250,000 from the RAA. Students entering Rensselaer with ROTC scholarships receive an additional scholarship covering the average cost of on-campus room and board. Exxon Education Foundation Stewardship for graduate study in civil engineering. The Award for Excellence Provided to the top student transferring into a non-engineering program from two-year affiliated colleges and universities. Civil Engineering Fellowship Sponsored by Alumni in Construction for graduate study in civil engineering. Awards may be adjusted when there are differences between FAFSA/Profile estimates and actual figures. An origination fee of 4.276% is deducted from the gross amount borrowed. Graduate students are awarded up to Cost of Attendance or up to the annual Direct Loan limits, whichever comes first. Co-terminal students may receive up to 2 additional terms of Rensselaer gift aid funding during the graduate timeframe. Coterminal Program Financial Aid Eligibility: Students enrolled in Coterminal degree programs are considered undergraduate students for financial aid purposes during the timeframe prior to completion of their Bachelor Degree requirements. This program was established from . Rensselaer Polytechnic Institute President Shirley Ann Jackson was recognized by the Federal Bureau of Investigation (FBI) for her outstanding contributions to the community. ROTC scholarship recipients receive awards for periods varying from two to four years. Academic. These encompass scholarships, grants, work, and loans. Repayment begins nine months after a student is no longer in attendance on a half-time basis. Naval Science (Navy/Marines), (518) 276-8001. Please be aware that most lenders will not lend to a student who has not attained his/her 18th birthday at the time of application, regardless if a co-signer is used. Junior and beyond: $7,500 with no more than $5,500 from the subsidized program. An exception to this policy is Canadian citizens who apply for admission on or after the Fall 2012 semester shall be considered for institutional aid. (2) GIFT BAN Students do not apply separately for these awards. Opportunities exist for additional work and study during the summer in many programs. The Zonta International Foundation awarded the first Jane M. Klausman Women in Business Scholarships in 1998 to women pursuing degrees in business leading to a business management career. Student eligibility is similar to federal Direct Loan program. These awards may replace all or in part previously awarded Rensselaer funds. The priority deadline date for returning students is April 1 of the year the applicant is seeking aid. This award is presented annually to the senior who is judged to have contributed the most in service to the student body, in much the same way. Students may need to verify their grace period with the federal Direct Loan Service Center (https://studentloans.gov/myDirectLoan/index.action). No separate application is necessary. Federal Grants, Loans, and Work-Study Assistance. A nonrefundable fee of $35 is required for an orientation program held prior to registration. . Satisfactory Academic Progress (SAP), full time attendance, and aggregate limits are evaluated for renewability. Recipients of the Rensselaer Tuition Remission benefit are not eligible to receive other Rensselaer scholarships or grants unless the student would otherwise receive Rensselaer aid that would exceed the Tuition Remission benefit. For Canadian citizens, only the CSS Profile application is required to determine eligibility for Rensselaer need-based financial aid. It is not based on financial need. Additional details about these policies are provided in the in the Undergraduate financial aid information section of this catalog and on the www.financialaid.rpi.edu website. The lender will communicate with Rensselaer and the Office of Financial Aid in turn will notify the lender of the amount a student is eligible to borrow. Troy, NY USA 12180 Initial disbursements are made during the first week of each eligible term. Awards are not provided for terms when the student is not charged for tuition or fees for Rensselaer taught courses. (1) BAN ON REVENUE-SHARING ARRANGEMENTS W. Cary Franklin 77 Fellowship for graduate study in mechanical engineering or an allied field. Search below to see a list of participating schools and to determine if a school has selected a Medalist. Corporate, Foundation, and Private Fellowships Many corporations, foundations, and individuals offer fellowships for graduate study at Rensselaer. | To provide access to a quality education for high-quality students, Rensselaer offers substantial financial aid from its own funds. International Students Request for a waiver of the NYS TAP standards are made to the Registrars Office. Now in its 18th year, The Leadership Institute is the Chamber's award-winning professional development program that has an an accomplished and diverse alumni network of nearly 500 graduates. Some awards from the Institute may be replaced all or in part by other Institute awards. Robert S. Roller Fellowship in Lighting for graduate students exploring fundamental issues in lighting technologies at the Lighting Research Center. His support of Rensselaer athletics and activities earned him the nickname "Mr. The HEOA program participation agreement, which must be executed by all institutions participating in Title IV financial aid programs including student loan programs, requires a code of conduct with which the institutions officers, employees, and agents shall comply. Bill and Yellow Ribbon Programs for U.S. Veterans. DeWitt-Wallace Foundation Fellowship for graduate study primarily in humanities and social sciences. James P. Ferris Fellowship in Astrobiology for graduate study related to the field of astrobiology. All nominations must be submitted by 11:59 p.m., EDTon March 24, 2023, for full consideration. Seven award schedules are currently in effect. By Daily Freeman |. It is committed to partnering with students to assist in making a quality education financially possible for undergraduates and their families. Rensselaer awards typically require full-time attendance, but may be prorated if a student is attending on a part time status. Rensselaer accommodates this need by allowing books to be added to the students Bursar billing account charges. This award is renewable on an annual basis for up to eight semesters. Students must complete the FAFSA by the priority filing deadline date to be considered for renewal of need-based awards. All income data reported are subject to verification by the New York State Department of Taxation and Finance and NYSHESC. The Department of Education will retain 1.069% of the amount you borrow for loan fees. Students in approved co-terminal programs may receive up to an additional two semesters of assistance. Financial aid is available to well-qualified first year students in the form of fellowships and assistantships. Athletes as well, not sure how much. The Tuition Assistance Program (TAP) is described below. Repayment schedules may begin immediately or be have grace periods of six or nine months, depending on the loan program. Recipients may receive this award for a maximum of eight semesters of full-time undergraduate study. Shavell-Weinman Graduate Research Enhancement Award for graduate study in economics or humanities related to understanding economic behavior. (iii) Rule for Gifts for Family MembersFor purposes of this paragraph, a gift to a family member of an officer or employee of an institution, to a family member of an agent, or to any other individual based on that individuals relationship with the officer, employee, or agent, shall be considered a gift to the officer, employee, or agent if In addition to participation in various GI educational programs, the Institute is partners with the VA in the Post-9/11 GI Bill Yellow Ribbon Program. New York residents can contact the New York State Office for National and Community Service, 52 Washington St., Rensselaer, NY 12144. For the 2018-2019 academic year, all first-year undergraduate students are expected to contribute a minimum of $1,900. Edward A Saibel Fellowship for graduate study in mechanical engineering. Unmet need is the difference between your Estimated Family Cost to Attend Rensselaer and your Federal EFC. Both Vermont and Rhode Island offer grant programs that provide partial support for study at Rensselaer. Federal financial aid warning status may only be granted once. Nominations must be in .doc, .docx, .pdf, .jpg, .png, or .gif format for all awards except the Paul B. and Barbara J. Zuber Award for Underrepresented Students. Christopher Graef: The United States Air Force Mathematics And Science Award, The Presidential Award For Educational Excellence, Rensselaer Alumni Award; Rensselaer Leadership Award; Rensselaer . Rensselaer Leadership Award . (II) Food, refreshments, training, or informational material furnished to an officer or employee of an institution, or to an agent, as an integral part of a training session that is designed to improve the service of a lender, guarantor, or servicer of education loans to the institution, if such training contributes to the professional development of the officer, employee, or agent. Spring 2022 Hours. Eligibility details about Federal Direct Loans, Perkins Loans, and Pell Grants received by students, including award periods, award amounts, and schools where funds were used is provided. The majority of my scholarship is from the Rensselaer Leadership Award. Rensselaer aid programs consist of merit-based, merit within need, and need-based aid programs. Repayment begins after disbursement, and the borrower may have up to 20 years to repay. The Profile application may only be filed electronically. Federal and aid recipients are subject to the terms and conditions of those programs. Rensselaer Grant, Rensselaer Access Grant, President's Assistance . Instructions will be sent to students on how to complete the counseling upon leaving school. Herman Family Fellowship for women in entrepreneurship. Students denied federal financial aid for failure to make satisfactory academic progress may appeal through the Office of Financial Aid. Graduating Student Awards Upcoming Events. (III) Favorable terms, conditions, and borrower benefits on an education loan provided to a student employed by the institution if such terms, conditions, or benefits are comparable to those provided to all students of the institution. RPI." I have read a lot that the CS program is very challenging, and I don't want to go to RPI if there is a risk that I have to end up paying in full every year. (i) a lender provides or issues a loan that is made, insured, or guaranteed under this title to students attending the institution or to the families of such students; and Thereafter, a student who is not making SAP will no longer be eligible to receive federal aid until s/he regains SAP or is granted federal financial aid probation. For federal or state assistance, international students must be U.S. citizens or permanent residents; possess a valid alien registration receipt card; have an arrival-departure record (I-94) from the Department of Homeland Security showing a status of refugee, asylum granted, parole (I-94 confirms paroled for a minimum of one year and status has not expired), or Cuban-Haitian entrant; possess a valid temporary resident card (I-688); or have a conditional permanent resident card (I-151C). The maximum amount of Direct PLUS loan is the total cost of attendance, minus other financial aid. ROTC (including myself) kids get the leadership award and it covers housing. Most private loan suppliers will require a U.S. credit-worthy co-signer to accompany the applicant. $104M in Research Expenditures University Name: Rensselaer Polytechnic Institute. Rensselaer Medal Scholarship First presented in 1916, the Medal is a merit-based scholarship awarded to promising secondary school juniors who have distinguished themselves in mathematics and science. 2024 Bicentennial Award* This award assists recipients to attain the benefit of a Rensselaer education and is supported by donations from Rensselaer alumni and friends since the inception of the Institute in 1824. Application information and the deadline for fall submissions will be announced in the summer preceding each fall semester. In addition to these general forms of student assistance, the federal government has aid programs directed to specific groups of students. Federal Supplemental Education Opportunity Grant (SEOG) These additional grants are made to Pell Grant recipients who demonstrate exceptional financial need. (518) 276-6000, Copyright document.write(new Date().getFullYear()) Rensselaer Polytechnic Institute (RPI), Media Policy George Mahe 42 Fellowship in memory of John L. Sharp 42 for graduate study. | Recipients may receive this award for a maximum of eight semesters of full-time undergraduate study. In such instances, federal and institutional aid is only provided for coursework to meet graduation requirements. Award amounts vary, ranging from $500 to full tuition. More detailed information, including examples of refund and repayment calculations, is available in the Admission, Bursar, and Financial Aid offices. The Dr. Shirley Ann Jackson CLASS (Clustered Learning, Advocacy, and Support for Students) Awardrecognizes a graduating senior who as a leader exemplifies the ability to solve complex challenges through intellectual agility, multicultural sophistication, and a global view. Need based awards require continued demonstrated need for renewal in a subsequent year. The tuition refund percentages below apply to all students whether or not they are federal aid recipients. Carlton E. Lemke Fellowship in Mathematics for graduate students in the Department of Mathematical Sciences. Other repayment options may be available to students including extended, graduated, income-based and income sensitive repayment. However, if you have Rensselaer need-based grants (i.e. Willie was a person who was always there to help anyone who needed a kind word, or a small favor, and he did so in a quiet, unassuming manner. Rensselaer Merit Scholarship The Institute is a sponsor in the National Merit Scholarship Corporation (NMSC) program, which provides up to $2,000 to students who list Rensselaer as their first-choice institution in accordance with NMSC guidelines. These fellowships consist of a calendar year stipend of at least $22,000. The students last date of attendance is used for both account adjustment calculations and reflects the date the student began the Institutes withdrawal process, the students last date of recorded attendance (or other acceptable academic activity), or the midpoint of the semester for a student who leaves without notifying the Institute. Congratulations on your acceptance to Rensselaer! Parent borrower must complete a separate form for the Rensselaer Office of Financial Aid called a PLUS Loan Request Form (PLRF). Students should contact the Direct Loan Servicing Center (https://studentloans.gov/myDirectLoan/index.action) for specific information. We do not consider parents attending college nor siblings attending graduate study. Federal Policy on Drug Conviction & Aid Eligibility A student who has been convicted of any offense under any Federal or State law involving the possession or sale of a controlled substance shall not be eligible to receive any federal Title IV grant, loan, or work assistance during the period beginning on the date of such conviction and ending after the interval specified in the following table: A student whose eligibility has been suspended may resume eligibility before the end of the ineligibility period if the student satisfactorily completes a drug rehabilitation program, defined by the Secretary, that includes two unannounced drug tests; or the conviction is reversed. A student who is on an approved leave of absence will be considered as in school for purposes of repayment of federal loans. (V) Philanthropic contributions to an institution from a lender, servicer, or guarantor of education loans that are unrelated to education loans or any contribution from any lender, guarantor, or servicer that is not made in exchange for any advantage related to education loans. Graduate students may borrow up to $20,500 per year. Alexander Van Rensselaer Service Award (Scholarship award: amount up to $15,000) This award is presented to a student of worthy character who demonstrates service to the student body of Drexel. Individuals should always consider Federal Loan programs before borrowing through alternative loan programs. An award of Federal Work Study employment is not a guarantee of a job. The annual maximum a student may borrow is $5,500. Rensselaer Medal Scholarship First presented in 1916, the Medal is a merit-based scholarship awarded to promising secondary school juniors who have distinguished themselves in mathematics and science. The Department of Education will retain 1.069% of the amount you borrow for loan fees. School of Architecture or co-terminal program students may receive the award for up to ten semesters. Dr. Ernest F. Nippes 38 Graduate Research Enhancement Award for graduate students in materials engineering. The student is eligible to retain the same percentage of Federal aid eligibility as the percentage of time enrolled. The annual interest rate is a fixed rate equal to the high yield Treasury Note as of June 1st plus 3.06%. degree in computer science in 1987 and an M.S. Phi Theta Kappa Society Scholarship Phi Theta Kappa recognizes intellectual achievement in American two-year colleges. A student selected for verification by the Department of Education and/or Rensselaer is required to submit additional information which may include federal tax transcripts and other supporting documentation. RPI Athletic Grant-in-Aid The Grant-in-Aid is awarded to Division I athletes who have been recruited and selected by the ice hockey coaches. School of Architecture or co-terminal program students may receive the award for up to 10 semesters. Aerospace Studies (Air Force), (518) 276-6236 Students denied federal financial aid for failure to make satisfactory academic progress may appeal through the Office of Financial Aid. Veera and Arjun Saxena Fellowship in Microelectronics for outstanding Ph.D. students working in the area of microelectronics. It did not depend on GPA when I got it. 46 Fellowship for a masters student studying mechanical engineering who is a member of the Mechanical Engineering Honorary Society, Pi Tau Sigma. Rensselaer Leadership Award, Rensselaer Medal Award, Rensselaer Recognition Award) and are not interested in federal or state aid then you do not need to complete the FAFSA. Graduate students may borrow up to $20,500 per year. Monday - Friday: 9:00 am - 5:00 pm. All Theta Kappa Society transfer students who are accepted and subsequently enroll at Rensselaer Polytechnic Institute will receive the $5,000 annual scholarship. A student receiving Rensselaer merit-based awards will automatically have those awards renewed as long as he or she has not been academically dismissed and meets all other eligibility requirements. Meet Alexia, one of Petersons Scholarship Winners! Walter H. Rogers Jr. P.E. There is no minimum grade point average required for renewal each year. All Rensselaer scholarships and grants are awarded based upon full-time attendance. This scholarship will be paid each year the student remains eligible for ROTC scholarship benefits regardless if the recipient resides on or off-campus. International students cannot receive institutional aid, unless a Rensselaer Medal Scholarship recipient or receiving a Division I Athletic Scholarship. The combination of the Rensselaer Merit Scholarship and the Rensselaer National Merit Recognition Award cannot exceed $2,000. The borrower is responsible for the accrued interest while in school. To get the best user experience please use a supported browser.Here are a few we recommend: The Rensselaer Leadership Award is given in recognition of an outstanding record of academic and personal achievements, a strong commitment to excellence, and illustration of intellectual curiosity. Rensselaer Polytechnic Institute. This site provides information about the students current loan servicing agent as well as details about Federal loan and grant awards received throughout enrollment. (bb) such counseling does not promote the products or services of any specific lender. Federal Direct Loan (Subsidized) Subsidized means that the federal government pays the interest on the borrowers behalf while attending college at least half-time and six months thereafter. The Department of Education will retain 1.068% of the amount you borrow for loan fees. Daughter of Tamera and Paul Stone . Established in 1981 by the Rensselaer Union, the award is in honor of William P. (Willie) Stanton, Class of 1972 (hon. STUDENT SELF HELP Rensselaer utilizes the College Scholarship Service recommended minimum student contribution from income from summer earnings when determining need-based Institute funding regardless of the federally calculated EFC. Responsibility for selecting the Medalist belongs to the faculty and staff within the participating secondary school. Repayment begins 60 days from disbursement, unless deferment has been requested to the federal processor. New Architecture majors are required to pay approximately $950 for the purchase of special software through the Institute, which includes a one-time technology fee. Generally, outside aid will be treated as follows: first, it will be used toward any unmet need in your package. William R Osgood Fellowship for graduate study in mechanical engineering. Rensselaer Graduate Fellowships The Institute awards full-stipend, tuition, and fees fellowships for select incoming students. Federal Direct Loan (Unsubsidized) Examples include the U.S. Bureau of Indian Affairs, Aid to Native Americans Higher Education Assistance Program, and Veterans Administration (VA) educational benefits. The term includes a gift of services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, computer hardware, printing costs or services for which the recipient pays below-market value, payment in advance, or reimbursement after the expense has been incurred. A veteran who changes his or her credit-hour load or who withdraws from the Institute must notify the veterans coordinator immediately. The 2018-2019 interest rate is 6.60% for graduate students. Student Consumer Information Aid Award In making aid awards, Rensselaers typical approach is to award scholarship funds first, then add self-help awards (loans and work-study jobs) to help meet need. Code of Conduct (518) 276-6201, Peter Konwerski, Ed.D.Vice President for Student Life, 110 Eighth Street Recipients receive one of these awards for a maximum of eight semesters of full-time undergraduate study. Professor Howard Kaufman 62 Memorial Fellowship for graduate students in electrical, computer, and systems engineering, with preference given to students working in the area of control systems. Satisfactory Academic Progress (SAP) To remain eligible for these Title IV federal student assistance programs, students must complete a specified percentage of attempted credit hours and maintain a required cumulative grade point average (GPA) as well as a minimum semester grade point average each semester. International students may be eligible for private (alternative) student loans up to their Cost of Attendance. The Office of Financial Aid works with campus partner offices to identify students accepted into co-terminal degree programs and actively assists students with FAFSA updates and other information needs during the transition to graduate student status. Reason for Policy (518) 276-6000, Copyright 2017 Rensselaer Polytechnic Institute (RPI), Media Policy | Privacy Policy | Student Consumer Information | Title IX Policy | Accessibility. Their financial aid account is reviewed to identify the amount of Federal, State, or Institutional aid that may be retained as payment against their adjusted charges.