1) How will I be notified of important financial aid information?
Please be aware that the Financial Aid Office may use electronic means to communicate with you. It is your responsibility to keep your Rollins' e-mail address current and to read messages that are sent. It is also important that you keep your mailing address and phone number current with records' officials.
2) How is my need determined?
The Free Application For Federal Student Aid (FAFSA) determines your Expected Family Contribution (EFC). The EFC determines your eligibility for need-based aid. Items that will affect need-based aid eligibility from year to year include dramatic changes to income and/or assets, changes to the number of family members in college, changes to the number of family members residing in the household, etc.
3) Can my award be increased?
The Office of Admission determines scholarship eligibility based on your academic history. Need-based financial aid is awarded based on uniformly applied policies designed to distribute available resources in an equitable manner. These awards are not negotiable.
4) How is dependency status determined on the FAFSA?
Step three of the FAFSA poses a series of questions used to determine whether you are dependent for financial aid purposes. If you answer no to all, you are dependent. The questions address your age, marital status, degree level, whether you have dependent children, and military veteran status.
5) What if I have unusual family circumstances?
We recognize that the need analysis process does not always consider every family situation. If your family has experienced an unusual change in financial circumstances not considered on the Free Application for Federal Student Aid, you may wish to request consideration. To do this you should request a Need Analysis Review Form from our office. Complete the form and return it with the appropriate documentation. We will make every effort to incorporate these circumstances into the need analysis calculation. A review may only be conducted for circumstances that can be documented.
6) What other forms, in addition to the FAFSA will I need to complete?
7) Are there other general types of information I might want to know?
Rollins College is accredited by the Southern Association of Colleges and Schools (SACS). Please contact the Financial Aid Office for specific information relating to: The cost of attendance, available financial aid programs, or financial aid policies for study abroad programs.
Graduation/Retention rates and information relating to the athletic program may be obtained by contacting the Director of Institutional Research at (407) 646-2573. Information on campus crime statistics may be obtained by contacting Campus Safety at (407) 646-2999.
The Family Educational Rights and Privacy Act (FERPA) assures the confidentiality of your educational record. This Act also allows you access to information contained in your educational record. Please contact the appropriate office if you would like access to any information held. Rollins College 's policy regarding confidentiality can be found in the College Catalogue. The policy permits the release of directory information without the student's consent unless specifically requested in writing not to disclose. Students who wish to have their directory information withheld must make this request no later than September 1 of each year. If a request is received, all directory information will be withheld since the College cannot release selected information. Requests for withholding of directory information should be made to the Office of Student Records.
If you are a financial aid recipient you have certain rights and responsibilities.
You have the right to:
You are responsible for:
8) What happens to my financial aid if I must withdraw from class or am unable to complete a semester?
If you must withdraw from class, you may be required to repay a portion of your financial aid. Eligibility for financial aid is based on the costs involved with attending for an entire semester. Please read the following Return of Title IV Aid policy carefully.
Repayment Requirements for Federal Aid Recipients who fail to complete a semester
In the event that a student who received Title IV funds completely withdraws, is expelled, drops out, or otherwise fails to complete a period of enrollment for which charges are incurred, the College will first determine whether:
Unearned Title IV funds, other than Federal College Work Study, must be returned to the appropriate financial aid program. A student "earns" Title IV funds in direct proportion to the length of time he or she remains enrolled. The percentage of time during the period that the student remained enrolled is the percentage of aid for that period that the student earned. For example, if a student remains enrolled in 50 out of 100 calendar days for a semester, that student has earned 50 percent of his or her aid. Therefore, using this example, 50 percent of the aid must be returned to the appropriate aid program(s). A student who remains enrolled for more than 60 percent of the semester earns all of his or her aid for that semester.
A student who abandons (drops out) his/her classes without officially notifying the college will have a portion of aid cancelled and returned to the appropriate program. The midpoint of the semester will be used as the withdrawal date for students who fail to provide official notification.
According to Federal Guidelines, the responsibility for repaying unearned aid may be shared by the College and the student in proportion to the aid each is assumed to possess. The College share is the lesser of: a) the amount of unearned aid or b) institutional charges multiplied by the percentage of aid that was unearned. The student's share is the difference between the total unearned amount and the institution's share.
Unearned Title IV aid will result in a reduction to each aid program in the following order:
Reduction of the above programs may create a balance that will be due from the student to the College. The student's share of a grant will be reduced to half per federal law. The student's share of a returned loan will be paid according to the terms of the promissory note. Aid from Rollins' sources will be reduced by the same percentage of credit given against tuition. The percent of credit given against tuition is dictated by the college refund policy. Rollins College's policy does not include state programs in the return of Title IV aid. State of Florida grant and scholarship programs will be finalized at the end of the drop/add period.