Financial Services
Get the help you need to finance your education with University of the Rockies' Financial Services Department. Learn about all your tuition and financial options that are available for you.
Online Delivery Format Tuition & Fees
The following is a list of tuition and fees applicable to programs and/or courses offered in online delivery format, effective October 1, 2008. Tuition rates and fees may change at any time without prior notice.
Tuition and Fees:
| Master Degree Tuition (per credit hour) | $640.00 |
| Doctorate Degree Tuition (per credit hour) | $840.00 |
| Application Fee | $50.00 |
| Technology Services Fee* | $250.00 |
| Comprehensive Examination Fee (each attempt, Master's only) | $100.00 |
| Assessment/Materials Fee (Doctoral ORG 7100) | $50.00 |
| Graduation Fee | |
| Doctoral | $500.00 |
| Master | $250.00 |
| Transcript Fee | $5.00 |
| Insufficient Funds Fee | $30.00 |
| Late Payment Fee | $30.00 |
* The technology services fee provides you with initial configuration setup to University systems such as Blackboard, the online library collection, and other academic support systems.
Your tuition and fees are due in full on or before the first week of each course. An exception may be made if you have completed all required financial aid paperwork prior to the start of the term and your financial aid is significant enough to cover all current term charges. There will also be a limited exception for those students using tuition reimbursement, military tuition assistance or direct bill as their method of payment. You are responsible for the amount that financial aid does not cover and it must be paid in full on or before the first week of the each course.
Acceptable forms of payment are:
- Cash
- personal check
- money order
- credit card (Visa or MasterCard)
You are encouraged to speak to your Financial Services Advisor if you are unable to pay the balance owed. University of the Rockies will withhold transcripts, degree verifications, and grade reports until accounts are paid in full.
Delinquent Accounts and Financial Hold
Your account is considered delinquent if full payment is not received the first week of the course resulting in an outstanding account balance. Any student with a delinquent account will be put on a financial hold and not be allowed to register for a subsequent term until payment is received in full or a payment plan is established and approved by the Financial Aid Office. If you have a delinquent account, you will not be permitted to take comprehensive exams, obtain copies of official transcripts, or graduate.
An administrative fee will be assessed to your account for any outstanding balances, late payments or insufficient funds.
Refund Checks
A refund check is only available when you have a credit on your account after tuition and fees have been paid in full. If you authorize the school to retain funds and then would like to request a refund, you must fill out a Disbursement Request Form which is available online. If you do not authorize the school to retain funds the refund check will automatically be generated and mailed to the address on file within 14 business days.
Financial Aid
For the purposes of Financial Aid, you may be eligible to apply for the following student financial aid programs:
- Federal Stafford Loan (subsidized and unsubsidized)
- Graduate PLUS Loans
- Private Loans
- Veterans Educational Benefits
- Military Tuition Assistance
- Employer reimbursement
General 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 in coursework that will count toward your degree
- maintain satisfactory academic progress or meet probationary requirements (see policy)
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.
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 the 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
Verification
The Department of Education randomly selects students for verification throughout the year. If selected for verification you must submit a verification worksheet and a signed/dated copy of the applicable year's tax returns to the Financial Aid Office in order to complete the financial aid application. 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 federal financial aid during that award year.
Federal Loans
Stafford Subsidized: (Interest Rate is 6.8%): This loan is need based. The government pays the interest while the student is in school and during the student's 6-month post-attending grace period. The student is held responsible for the paying the interest after that grace period.
Stafford Unsubsidized: (Interest Rate is 6.8%): This loan is non-need based. The student is held responsible for paying the interest on this loan starting from the time of the first disbursement.
Graduate PLUS Loan: (Interest Rate is 8.5%): This loan is non-need based. The student is responsible for paying the interest on this loan starting from the time of the first disbursement. The approval for this loan is established through a credit check, if denied a student may apply using a co-signer.
Alternative Loans: Alternative Loan applications are available through the financial aid office. This loan is non-need based. The approval for this loan is established through a credit check and the interest rate is tiered based on the credit score of the borrower. If denied, a student may reapply using a co-signer.
Financial Aid Disbursements
Loan payments are split into five equal disbursements for on-campus students and two equal disbursements for online students. Payments are delivered to the school from the disbursing agent, either by Electronic Funds Transfer (EFT) or paper check. The funds are then posted to the students account during the first week of every term or payment period. The student is responsible for any balance that financial aid does not cover and must adhere to the tuition payment policy.
Scholarships
This list only includes a few of the main search sites, there are many more out there. Please be aware of sites that ask you to pay for scholarship information and/or applications. Scholarship searches are available at:
Military Veteran's Benefits Plan
University of the Rockies is approved by the Department of Veteran's Affairs. The Military VA Plan requires that all tuition and any applicable fees be paid prior to each course's start date. Students may choose to have their tuition and/or fees automatically charged to their credit card. (Debit cards are not accepted). Automatic credit card payments are charged after the start date of each course; otherwise, full cash payments must be made prior to the start date of each course. Credit card information will be requested of students selecting this option in order to establish credit for this plan. On-campus students should contact the financial aid office for more information.
Documentation required for the Military VA Plan:
- Student Finance Agreement; and
- Supplemental Student Authorization to Charge Form.
Military Tuition Assistance Plan
University of the Rockies is approved for active duty Military Tuition Assistance. Students are required to submit Tuition Assistance (TA) vouchers at least 5 days prior to the start of each course. Any tuition and applicable fees not covered by the TA program must be paid prior to the start date of each course. On-campus students should contact the financial aid office for more information.
Documentation required for the Military TA Plan:
- Military Tuition Assistance Forms DD1556; and
- Student Finance Agreement.
Entrance and Exit Counseling
Entrance Counseling must be given to all financial aid students before aid is disbursed and Exit Counseling must be given to all financial aid students within 30 days of separation from the school. The entrance and exit counseling is available on http://mapping-your-future.org/. Students may contact the financial aid office to receive individual repayment or account information.
Return of Title IV Funds
The financial aid office will perform Return of Title IV Funds when a student drops from the program. This process ensures that the school keeps the amount of financial aid earned by the student and returns any unearned funds back to the lender. This may result in the student owing the school for tuition and fees.
Tax Statements/Credits
1098-T statements are mailed out to students every year no later than January 31st as required by law. This statement may be used to claim Education Credits, such as The Hope Credit or Lifetime to claim Education Credits, such as The Hope Credit or Lifetime Learning Credit. The statement is mailed to the address on file; it is the student's responsibility to ensure the address is correct.
Non-Degree Student
A student must be enrolled as a degree-seeking student in a program in order to qualify for financial aid.
