Federal Awards/Loans
Federal Pell Grant
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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$5,350 maximum - Does not have to be repaid.
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Deadline
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None
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Supplemental Educational Opportunity Grant
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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$800 maximum - Does not have to be repaid.
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Deadline
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None
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Federal Stafford Loan (subsidized)
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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up to $3,500 as Freshman, $4,500 as Sophomore, and $5,500 as Junior and Senior
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Deadline
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None - Variable interest rate, repayment begins 6 months after graduation, up to 10 years for repayment, provided by William Ford Federal Direct Loan Program, banks or other lending institutions.
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Federal Perkins Loan
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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$5,500 maximum.
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Deadline
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None - 5% interest rate. Repayment begins 9 months after graduation. Up to 10 years for repayment.
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Federal Stafford Loan (unsubsidized)
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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up to $3,500 as Freshman, $4,500 as Sophomore, and $5,500 as Junior and Senior
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Deadline
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None - Student is responsible for interest accrued during in-school deferment
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Federal Work Study
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Eligibility
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Demonstrated Need based on completed FAFSA
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Amount
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Varies based on need
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Deadline
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None
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process. Complete work study application.
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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Federal PLUS Loan
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Eligibility
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Available to parents. Not based on need, but parents are subject to credit analysis. Special Note: If parents are not eligible, student can receive up to an additional $4,000 in the Stafford Loan Program.
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Amount
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Up to the cost of attendance at a particular school less eligibility for any other financial aid
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Deadline
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None - Variable interest rate. Rates subject to change July 1 each year. Provided by banks and other lenders. Capped at 9%.
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How to Apply
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Complete FAFSA with school code (002288) Rochester College should be listed as first choice to expedite the process
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Renewal Requirements
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Continue to meet eligibility requirements by completing FAFSA annually
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800 West Avon Road, Rochester Hills, MI 48307
1.800.521.6010 or 1.248.218.2000
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