Student Loan Code of Conduct
University of the Rockies officers and employees involved in financial aid processes including student loans adhere to the Student Loan Code of Conduct.
General Financial Aid Eligibility
To be eligible for most types of financial aid, you must:
- be accepted into a degree program
- demonstrate financial need, as shown by the Free Application for Federal Student Aid (FAFSA)
- be enrolled at least half-time in coursework that will count towards your degree each term (see next section)
- maintain satisfactory academic progress (see policy)
Incarcerated students are not eligible for financial aid.
Enrollment for Financial Aid Purposes
For purposes of Financial Aid you are considered to be a full-time student by taking at least six (6) credit hours per term until you reach Dissertation and Pre-Doctoral Internship. At that point, you are considered a full-time student up to the first two years of Pre-Doctoral Internship and up to one year of enrollment in Dissertation. While enrolled in Dissertation, you must contact your Dissertation chair prior to the start of each term and provide the chair with a Dissertation progress report. You may be enrolled in Dissertation up to one year. If you do not complete your dissertation during that period and are not enrolled in any other course or internship, you will register in Dissertation Extension to remain in the program, but will not be eligible to receive financial aid.
General Financial Aid Process
You will need to do the following to apply for Financial Aid:
- Obtain a pin number at www.pin.ed.gov and fill out the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Make sure to include University of the Rockies school code: G35453.
- Complete the Master Promissory Note (MPN) and Entrance Counseling
- Review and sign the award letter
- Complete any additional paperwork required by the financial aid office
Financial Aid Forms
For a list of downloadable financial aid forms, please visit our campus resources page.
Application Deadlines and Renewal of Aid
The application priority deadline for financial aid is June 1st. Applications will be accepted after this date but may not receive priority. Financial Aid is not automatically renewed every year: you must re-apply by filing the FAFSA and other paperwork as necessary. The Master Promissory Note (MPN) is good for 10 years unless you change schools or lenders.
You may be randomly selected for verification. The central processing system randomly selects approximately 30% of the students at University of the Rockies for verification throughout the year. If selected for verification, you must submit a verification worksheet and asigned copy of the applicable year's tax returns to the financial aid office within 30 days of notification. A copy of the verification worksheet can be obtained from the financial aid office. Failure to comply with this Federal requirement may result in loss of eligibility for financial aid during that award year.
Financial Aid Disbursements
Loan payments are split into five equal disbursements and are delivered to the school from the disbursing agent, either by Electronic Funds Transfer (EFT) or paper check. The funds are then posted to your account during the first week of every term. You are responsible for any balance that financial aid does not cover and must adhere to the tuition payment policy.
Non-Degree Seeking Student
If you are admitted as a non-degree seeking student, you do not qualify for financial aid.