Annual Federal Direct Loan eligibility: Generally, awards are committed well before the start of the academic year; awards are usually mailed during March and April for the following fall term. Disbursement of Federal Direct Loans All nominations must be submitted by 11:59 p.m., EDTon March 24, 2023, for full consideration. Repayment begins after disbursement, and the borrower may have up to 20 years to repay. International students may be eligible for private (alternative) student loans up to their Cost of Attendance. Such code must prohibit a conflict of interest with the responsibilities of an officer, employee, or agent of an institution with respect to such loans, and include the provisions set forth in the HEOA related to conflicts. rensselaer leadership award amount . Students denied federal financial aid for failure to make satisfactory academic progress may appeal through the Office of Financial Aid. Continuation of or changes in aid are determined by this review and depend on satisfactory academic and research or teaching performance, as well as the continued availability of funds. In such cases the ROTC Room and Board Scholarship and/or other Rensselaer grants and scholarships are adjusted. Typically in such programs, the student is considered the primary borrower, with a credit worthy co-signer. These provide tuition ranging from approximately $18,000 to full tuition, a variable allowance for books, some fees, plus a monthly stipend. Student must complete the FAFSA (Free Application for Federal Student Aid). Unmet need is the difference between your Estimated Family Cost to Attend Rensselaer and your Federal EFC. Recipients receive one of these awards for a maximum of eight semesters of full-time undergraduate study. Preparing Students for Leadership and for Life. Currently over 400 of these scholarships exist for undergraduate students. The veterans coordinator will provide forms and information for initiating benefit procedures. The Department of Education will retain 1.069% of the amount you borrow for loan fees. Web Privacy Policy (II) the officer, employee, or agent has reason to believe the gift was given because of the official position of the officer, employee, or agent. 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. Current and prospective students are invited to contact the Office of Financial Aid, at (518) 276-6813, or via email at finaid@rpi.edu. | It has been always a popular destination with plac Copyright 2023. Federal regulations do not allow for the period of study to be interrupted for more than 180 days, excluding standard periods of non-enrollment. Perkins was a need-based loan program for students with exceptional financial need, with a fixed interest rate of 5%. Repayment of Federal Direct Loans For the 2018-2019 academic year, all first-year undergraduate students are expected to contribute a minimum of $1,900. Federal Work Study offers represent the maximum a student may earn once s/he is assigned a work study position. All Theta Kappa Society transfer students who are accepted and subsequently enroll at Rensselaer Polytechnic Institute will receive the $5,000 annual scholarship. 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. Available to graduate and professional students. In addition, the state offers other special programs including the following for which details and application information are available on the Web at www.hesc.ny.gov. The award recognizes the leadership and academic merit of underrepresented graduate or undergraduate students enrolled at Rensselaer. Reimbursement of expenses to a covered institutional employee for serving on the board of bona-fide professional association recognized by the Commissioner of NYS Education Dept., related to student financial aid. Competition for awards is very high. Recipients receive this award for a maximum of eight semesters of full-time undergraduate study. The Department of Education will retain 1.069% of the amount you borrow for loan fees. Academic departments review the progress of continuing graduate students each term. Leadership award for following years Colleges and Universities A-Z Rensselaer Polytechnic Institute sanjose32 April 1, 2015, 4:03pm #1 My daughter received her FA letter and it only mentions "Rensselaer Leadership Award" of $8.3k for Fall 2015 and $8.3k for Spring 2016. (A) ProhibitionNo officer or employee of the institution who is employed in the Office of Financial Aid, or an individual who has been assigned by the Rensselaer Polytechnic Institute President with supervisory authority over the Director of Financial Aid, or who otherwise has responsibilities with respect to education loans, or agent who has responsibilities with respect to education loans, shall solicit or accept any gift from a lender, guarantor, or servicer of education loans. Returning students requesting need-based aid, must submit the FAFSA, however the CSS profile is not required. 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. (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. Institute COVID-19 Website. Military Science (Army), (518) 276-6254 To determine the percentage of Federal aid to be retained, divide the number of calendar days completed by the total number of calendar days in the enrollment period (excluding scheduled breaks of five days or more AND days that the student is on approved leave of absence). William R Osgood Fellowship for graduate study in mechanical engineering. degree in computer science in 1987 and an M.S. Also note that tuition, room, and board charges may be refunded but fees are non-refundable (i.e. Rensselaer is Division I for mens and womens ice hockey. (B) DefinitionFor purposes of this paragraph, the term revenue-sharing arrangement means an arrangement between an institution and a lender under which Troy, NY USA 12180 This scholarship will be paid each year the student remains eligible for ROTC scholarship benefits regardless if the recipient resides on or off-campus. Award amounts may change if the students demonstrated need decreases significantly. (518) 276-6201, Peter Konwerski, Ed.D.Vice President for Student Life, 110 Eighth Street A veteran who changes his or her credit-hour load or who withdraws from the Institute must notify the veterans coordinator immediately. Students are advised to exhaust other Direct Loan eligibility prior to applying for a Graduate PLUS loan. TAP grants are based on the applicants and his or her familys New York State net taxable income. Rensselaer Leadership Award . Reason for Policy Studying abroad can be costly. These fellowships consist of a calendar year stipend of at least $22,000. Rensselaer Polytechnic Institute also adheres to the Student Lending, Accountability, Transparency and Enforcement (SLATE) Act. There is no minimum grade point average required for renewal each year. (3) CONTRACTING ARRANGEMENTS PROHIBITED The Office of Financial Aid makes student loan determinations during July. In such instances, federal and institutional aid is only provided for coursework to meet graduation requirements. The Joseph H. Smith Jr. 45 Award This award was created for the most outstanding student in the engineering science program at the Institutes affiliated community colleges. Both the FAFSA and CSS Profile applications are available in early October each year. Waivers of standards are granted for one semester only. Generally, outside aid will be treated as follows: first, it will be used toward any unmet need in your package. (B) ExceptionsNothing in this subsection shall be construed as prohibiting . The award recognizes the leadership and academic merit of underrepresented graduate or undergraduate students enrolled at Rensselaer. International students cannot receive institutional aid, unless a Rensselaer Medal Scholarship recipient or receiving a Division I Athletic Scholarship. Recipients receive one of these awards for a maximum of eight semesters of full-time undergraduate study. She received a B.S. (iii) an officer, employee, or contractor of a lender, guarantor, or servicer of education loans from serving on a board of directors, or serving as a trustee, of an institution, if the institution has an interest policy that the board member or trustee must excuse themselves from any education loans at the institution. Troy, NY USA 12180 Annual borrowing maximum amounts vary based on the students year in school. 5 Fu is the recipient of the Rensselaer Leadership Award and is a member of the Epsilon Delta Sigma Management Honor Society. AmeriCorps Web site is www.americorps.gov/. Gross Endowment Fund for graduate study in electric power engineering. degree in industrial and management engineering from Rensselaer in 1992. Over 500 international graduate students are currently enrolled at Rensselaer. Loan programs such as the Federal Direct and PLUS loan programs are liabilities that must be repaid, with interest. New York offers a number of financial aid programs to residents. 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. International Students Rensselaer encourages applications from highly qualified international students. Mail Code: 5345. The 2018-2019 interest rate is 6.60% for graduate students. The Code of Conduct Related to Student Loan Activities is a requirement specific to certain transactions and activities related to financial aid matters. 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. The Office of Financial Aid routinely monitors students approaching the minimum amount of credits required for graduation. The estimated cost of living expenses and books and supplies for the 2018-2019 academic year is $18,118. (i) an officer or employee of an institution who is not employed in the institutions Office of Financial Aid and who does not otherwise have responsibilities with respect to education loans, or an agent who does not have responsibilities with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education loans; Recipients are eligible to receive up to $1,000. In addition to these general forms of student assistance, the federal government has aid programs directed to specific groups of students. Application information and the deadline for fall submissions will be announced in the summer preceding each fall semester. Students must complete the FAFSA by the priority filing deadline date to be considered for renewal of need-based awards. This award may require the nominated students to submit additional letters of recommendation, references, and/or participate in an interview process. Albert S. Paulson Fellowship in Quantitative Financial Management for outstanding graduate students enrolled in the Lally School of Management and Technology. (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 Additional information may be found at www.rpi.edu. Please enable Javascript for full functionality. The Adult Career and Continuing Education Services-Vocational Rehabilitation (ACCESS-VR) agency can assist with questions about access to a full range of services for disabled persons. Interest rates are variable, typically ranging from 2.25% - 12.99% depending on the borrower(s) credit rating. Students may need to verify their grace period with the federal Direct Loan Service Center (https://studentloans.gov/myDirectLoan/index.action). New York residents can contact the New York State Office for National and Community Service, 52 Washington St., Rensselaer, NY 12144. Individuals should always consider Federal Loan programs before borrowing through alternative loan programs. Need-based awards are renewed subject to the student continuing to demonstrate financial need as determined by the Office of Financial Aid. Sophomore: $6,500 with no more than $4,500 from the subsidized program. Senior Scholarships May 7, 2021 Alumni News, High School News, Home Page, Parent News, School News, Student News by Nicole Bostel Below is the most up-to-date list of seniors and their scholarship awards. finally, if there is still outside aid left, the remaining outside aid will replace existing Rensselaer need-based aid rounded up to the nearest $50 increment. Co-terminal and Architecture students may not receive more than eight semesters of eligibility. Irene and Robert P. Bozzone 55 Fellows in Management and Technology for graduate students enrolled in the management and technology MBA program. Recipients may receive this award for a maximum of eight semesters of full-time undergraduate study. 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. (B) DEFINITION OF GIFT Award amounts vary, ranging from $500 to full tuition. The funding is provided through a combination of the maximum VA Benefit tuition support award (about $36,000 per year) and Yellow Ribbon awards from VA and Rensselaer which cover the level of tuition above the VA annual support maximum. Segal AmeriCorps Educational Award Rensselaer Medal Award 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. Post 9/11 G.I. The majority of my scholarship is from the Rensselaer Leadership Award. Scholarship Description Rensselaer Leadership Award/Rensselaer Merit Award These merit-based awards are given in recognition of an outstanding record of academic and personal achievements, a strong commitment to excellence, and illustration of intellectual curiosity. The return of Federal funds does not apply to any student whose date of withdrawal is beyond the 60 percent enrollment period for which the student has been charged. (ii) an officer or employee of the institution who is not employed in the Office of Financial Aid but who has responsibility with respect to education loans as a result of a position held at the institution, or an agent who has responsibility with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education loans, if the institution has a written conflict of interest policy that clearly sets forth that officers, employees, or agents must excuse themselves from participating in any decision of the board regarding education loans at the institution; or If an ROTC student is receiving a Rensselaer merit based award, the student will receive the merit award s/he would otherwise receive or the ROTC Room and Board Scholarship, whichever is greater except as follows: The sum of all other grants and scholarships (including ROTC Scholarships) cannot exceed the cost of attendance determined by the Office of Financial Aid. George Mahe 42 Fellowship in memory of John L. Sharp 42 for graduate study. Students must be enrolled for a minimum of three credits to be eligible. Contact. College Cost Graduate - The total estimated expenditure for a Rensselaer graduate studentfor the nine-month 2018-2019 academic year is as follows: An estimated Federal Direct Loan fee of $50 is also added. It is committed to partnering with students to assist in making a quality education financially possible for undergraduates and their families. Use of the one-time presidents waiver does not preclude the possibility of waiver of the C (2.00) cumulative GPA requirement alone in a subsequent semester. 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. This award is given to one Black, Latinx, Native American (or multi-racial) graduating senior and one continuing student who has exhibited service and leadership to the Institute and their community while maintaining outstanding academic performance. It is awarded to a student who, in the opinion of a committee is considered the"First Citizen of the College." Applicants are strongly encouraged to file electronically. Civil Engineering Fellowship Sponsored by Alumni in Construction for graduate study in civil engineering. 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). This program provides qualified veterans or their benefit eligible dependents with total scholarship funding that meets the cost of tuition. 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. Graduate students may qualify for an unsubsidized Direct Loan, that is, a loan for which the student must either start paying interest while still in school or allow the interest to accrue. Please note: Access to the Rensselaer Union and Collegiate Store remains limited to students/faculty/staff that have been granted card access to the building. ), a dishwasher and cook who served the academic and social needs of Rensselaer students for over 45 years. Policy Statement Harry F. Meiners 52 Fellowship for graduate study in physics. 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. Rensselaer Medal Award The Medal was first presented in 1916 with two purposes: Awards are not provided for terms when the student is not charged for tuition or fees for Rensselaer taught courses. Once a students final charges and aid eligibility are determined they are notified of their billing account status. Our community is better as a result of their time at Rensselaer and these awards are a way of showing them our appreciation.