Rose-Hulman Merit Scholarships: A Comprehensive Guide
Rose-Hulman Institute of Technology recognizes and rewards talented students through a variety of merit-based scholarships. These scholarships acknowledge academic achievements and other outstanding qualities. All admitted students are automatically considered for merit scholarships. This article provides a detailed overview of Rose-Hulman merit scholarships, eligibility requirements, and other financial aid opportunities.
Understanding the Cost of Attendance at Rose-Hulman
The sticker price at Rose-Hulman is $74,226, including tuition and fees amounting to $56,049. However, the cost of attendance can vary from year to year and typically rises. The total cost, including food and housing, books and supplies, transportation, and personal expenses, is approximately $74,869. College costs differ for each student based on their financial situation.
Rose-Hulman Merit Scholarships
Rose-Hulman Merit Scholarships are awarded to students based on academic and non-academic factors. These scholarships are renewable depending on institutional funding, with no GPA requirement.
Eligibility Criteria
All admitted students are automatically considered for Rose-Hulman Merit Scholarships. The selection process considers a number of factors, including:
- Academic Measures: High academic achievements.
- Non-Academic Measures: Extracurricular activities, leadership roles, and community service involvement.
Other Scholarship Opportunities
In addition to the general Merit Scholarships, Rose-Hulman offers several other scholarship programs:
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- Rose-Hulman Named Scholarships: These scholarships are limited in number and have specific restrictions placed on them by the donor. All students who meet the eligibility requirements for these awards will automatically be considered. The Rose-Hulman Financial Aid Committee typically awards these scholarships based on the information provided in the student’s admission file.
- National Merit Finalist Scholarships: If you scored exceptionally high on the PSAT/NMSQT, you may have been named a National Merit Scholarship Finalist. Rose-Hulman offers scholarship money to National Merit Scholarship Finalists, ranging from $1,000 to $2,000 per year depending upon a student's financial need. Applicant must be a National Merit Finalist who has designated Rose-Hulman Institute of Technology as his or her first-choice institution when completing the scholarship application. Applicant must take the PSAT/NMSQT in the specified year of the high school program and no later than the third year in grades 9 through 12. These scholarships are awarded by Rose-Hulman, corporations, and the National Merit Foundation.
- FIRST Robotics Scholarship: Rose-Hulman Institute of Technology is offering three merit-based scholarships, each for $10,000, to high school seniors who have participated on a FIRST team during their school career. This scholarship may be applied to any undergraduate course of study at Rose-Hulman Institute of Technology. The scholarship is renewable up to a total of $40,000 over four years, contingent upon maintaining good academic standing. Each recipient must meet the regular academic requirements for admission to the Institute. All online applications must be submitted by February 1st. Only admitted students are eligible to apply. The application is located on the applicant portal under the admit tab.
- Trueb Scholarship: The Trueb Scholarship is a scholarship available to freshmen who have participated in Boy Scouts. If you have been involved in Boy Scouts and would like to apply for this scholarship, please complete an application by February 1. Only admitted students are eligible to apply.
- Conru Scholarship: The Conru Scholarship is a scholarship available to freshmen who have demonstrated inventive, innovative and/or entrepreneurial behavior during high school. The Conru Scholarship will total $10,000 over four years, contingent upon maintaining good academic standing. To apply for the Conru Scholarship, complete an online application by February 1. Only admitted students are eligible to apply. The application is located on the applicant portal under the admit tab.
- Ingram Scholarship: The Ingram Scholarship is a scholarship available to a freshman student who have participated in Girl Scouts. If you have been involved in Girl Scouts and would like to apply for this scholarship, please complete an application by February 1. Only admitted students are eligible to apply. The application is located on the applicant portal under the admit tab.
- ROTC Scholarships: ROTC scholarships from the Army and the Air Force can be used at Rose-Hulman. Awards cover a percentage of tuition, an allotment for books, and a monthly stipend during the academic year to cover miscellaneous expenses. Winners of four-year ROTC scholarships may receive the cost of room/board from Rose-Hulman. Deadlines for ROTC scholarship applications are typically in December.
- Local Scholarships: Local scholarships are typically good at any college the student chooses to attend. Individuals who are Rose-Hulman caliber students are usually very competitive for these awards. Check with your high school counselor for more information about these opportunities.
- Lilly Scholars Program: Indiana residents should be sure to talk to their counselors about the Lilly Scholars program, a full tuition opportunity available by competition in each county of the state.
- Bakota Family Scholarship: The Bakota Scholarship is a one-year scholarship that is awarded to a student majoring in electrical, mechanical, or chemical engineering and will be a sophomore during the upcoming academic year. The student must also have a minimum cumulative GPA of 2.7 and have a full-time job during the summer between their freshman and sophomore years. Deadline for submitting your essay is August 30th.
- Rose-BUD Scholarship:The goal of the Rose-BUD program is to broaden the participation of academically talented students majoring in electrical and computer engineering. The program is part of National Science Foundation's efforts to encourage more students to pursue careers in science, technology, engineering and mathematics (STEM). Eligible students are freshmen or transfer students with a demonstrated financial need who have been accepted to Rose-Hulman. Through the generosity of the National Science Foundation, the Rose-BUD program will provide financial support, advising, mentoring, networking and professional development. Only admitted students are eligible to apply.
- Noblitt Scholars Program: This is a four-year invitation-only program for students with a passion to make a positive impact on the world. Students in the program are required to identify an area of concern or interest to them, such as sustainability, infrastructure, or social justice. Working with a faculty mentor, they will dive deeply into their chosen area to gain a growing knowledge and understanding of the context involved. To demonstrate their progress, each year during the four-year program they will formally present their reflections on what they have learned, mastered, and discovered.
Application Process
To be considered for most Rose-Hulman scholarships, students must apply by February 1 to enroll during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more.
Need-Based Financial Aid
Rose-Hulman also provides need-based financial aid to students who qualify.
FAFSA and SAI
The Free Application for Federal Student Aid (FAFSA) is a confidential assessment of a family's ability to pay for a student's college education. This collection of personal and financial data is used to establish the Student Aid Index (SAI). The FAFSA uses financial information from the prior, prior year. If your parents are divorced or separated, you and the parent who provide the most financial support will fill out the FAFSA. The Federal Processor uses your FAFSA data and federally mandated formulas to calculate your Student Aid Index (SAI). The SAI will include both parent and student income, assets and family size.
Types of Need-Based Aid
- Federal Pell Grant: This federal grant is for undergraduates working toward their first bachelor’s degree. The amount of Pell Grant is based on your SAI. For less than full time enrollment the Pell Grant will pay based upon the credit hours a student is enrollment. For full time enrollment (12 hours and above), students will receive the same amount.
- Indiana Grants: The student and parent must reside in the state of Indiana and must file FAFSA before April 15th to be considered for these grants. Indiana residents who file a FAFSA are automatically considered for the Indiana Higher Education, Freedom of Choice and Twenty-first Century grants. The federal processor must receive the FAFSA before the March 10 deadline to be considered for Indiana state aid. Eligibility for these awards is dependent on financial need.
- Rose-Hulman Need-Based Grant: Rose-Hulman need-based aid is determined by the FAFSA that is filed every year starting in October.
Financial Aid Award
The financial aid award lists the total estimated cost of attendance, including both direct and indirect costs. We use actual costs for full-time tuition, standard room and food and school fees. Other costs may vary, so we use averages for such items as books and supplies, personal expenses and miscellaneous expenses. Your financial aid award may be changed if your financial need changes, you receive funding from other sources or the data on your Free Application for Federal Student Aid (FAFSA) changes.
Meeting Financial Need
Rose-Hulman Institute of Technology met 74% of its students’ financial aid need. The FAO strives to meet our students' financial needs. The average need-based scholarship or grant awarded to first-year students at Rose-Hulman Institute of Technology was $38,881. Additionally, 61% of first-year students received need-based financial aid in fall 2022. In some cases yes, in others no. There are limits on the amount of financial aid money available. Depending on your situation, your costs may or may not be covered in full.
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Need-Based Self-Help Aid
Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $4,565.
Loans
Loans are handled independently of Rose-Hulman. We have compiled the following list of the most common loan sources to help you investigate this financial aid option.
Student Loan Debt
At Rose-Hulman Institute of Technology, the median federal loan debt among borrowers who completed their undergraduate degree is $25,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $265. Additionally, 21% of graduating students at Rose-Hulman Institute of Technology took out private loans. Students with private loans had an average of $63,895 in private loan debt at graduation. Average Total Indebtedness of 2023 Graduating Class$45,749. Graduating students who have borrowed (any loan type, 2023)54%.
Additional Financial Aid Information
Student Financial Services (SFS) Office vs. Office of Financial Aid
The SFS Office works hand in hand with the Office of Financial Aid, so we wanted to make you aware of the differences between our offices. Financial Aid will handle all of your financial aid, including awarding and disbursing to your account. The SFS Office will send you an invoice every trimester and accept payment from you. Please contact Financial Aid concerning financial aid matters and SFS concerning billing issues.
Payment Options
Your financial aid will arrive in your student account ten days before classes begin. If you don't have enough credit in your account to cover your books and supplies, we offer a program called Bucks for Books, which allows you to pay off your books and supplies by the end of the quarter in which you used Bucks for Books. To sign up for Bucks for Books, visit the campus bookstore!
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Federal Work-Study
Federal Work-Study provides jobs for students with financial needs, allowing them to earn money to help pay education expenses. Students may choose to accept or decline the award.
Outside Scholarships
Students can use outside scholarships to supplement their financial aid package at Rose-Hulman. Outside scholarships are awards offered by private and non-profit organizations separate from their college. ScholarshipPoints has partnered with CampusReel to provide new users with an opportunity to win a $10,000. Bold.org helps students from all backgrounds to take bold steps toward a brighter future. We love this scholarship because the name doesn't lie - it's easy money. Many scholarship applications make you jump through hoops and require tons of essays and questionnaires.
Midwest Student Exchange Program
Rose-Hulman is in a state that participates in the Midwest Student Exchange. That means that if you are a resident of Indiana, Kansas, Minnesota, Mississippi, Nebraska, North Dakota, Ohio, or Wisconsin, you may qualify for discounted tuition at Rose-Hulman. This program applies to both private and public institutions, although the discount at private institutions is lower.
Test-Optional Policy
Rose-Hulman Institute of Technology is test-optional, which means that applicants are permitted, but not required, to submit their standardized test scores. If you choose not to submit your scores, admissions officers will weigh your grades, extracurriculars, essays, and interviews more heavily.
Campus Environment
Colleges in cities offer easy access to jobs, internships, and entertainment. These colleges provide plenty of opportunities but may include higher living costs and a busier environment than other campuses. Some urban schools have traditional campuses, while others blend into the city.
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