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.

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 as required by the Higher Education Opportunity Act.

Online Delivery Format Tuition & Fees

The following is a list of tuition and fees applicable to programs and/or courses offered in the online delivery format, effective October 1, 2008. Tuition rates and fees may change at any time without prior notice.

Graduate Certificate Program

Master-Level Tuition (per credit hour) $640.00
Textbooks/Materials (estimated per course) $200.00
Late Payment Fee$25.00
Transcript Fee $5.00
Insufficient Funds Fee $30.00
Students pursuing a graduate certificate are not eligible for financial aid.

Master of Arts in Psychology and Doctor of Psychology Program:

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 7101) $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 the online learning platform , 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. For students taking advantage of their veterans benefits, payment is deferred for the first 60 days of continuous enrollment in a degree program. 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.

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)
  • students pursuing a graduate certificate are not eligible for financial aid

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%): 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%): This loan is not 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 not 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 not 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, but 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:

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.

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.

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.

Institutional Loans

University of the Rockies Institutional Loan is offered to students who meet the approval criteria and is available in two options. Option 1: This loan offers no fees, a 4.5% interest rate, and similar repayment terms that you currently receive under the federal student loan program. Option 2: This loan offers a "zero interest" loan with no origination fees and a zero percent interest rate for the lifetime of the loan with a minimum payment of $50.00 per month while you are in attendance at University of the Rockies. Current recipients of Graduate PLUS Loans are not eligible to participate in this loan program. The maximum loan amount is $20,500 per academic year. If an Institutional Loan borrower wishes to apply for a Stafford Loan after the Institutional Loan has been applied to the borrower's ledger, any Stafford Loan proceeds will reduce the amount of the Institutional Loan. Late charges may apply. In-school deferment is only applicable while borrowers are in attendance at University of the Rockies. For more information, please contact your Financial Services Advisor.

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.