Tuition & Aid

FAFSA^® Form Information

1. Go to studentaid.gov, and create a Federal Student Aid (FSA) ID
2. Gather required documents
3. Obtain the Federal School Code for institutions you want to receive your FAFSA^® Form (select the School Codes tab for Rasmussen University codes)
4. Gather contributor information (if applicable)
5. Fill in personal information
6. Save your FAFSA^® application
7. Sign and submit the FAFSA^®

For additional tips on successfully completing your FAFSA form, read the Federal Student Aid Pro Tips resource.

Get started on your application by watching our "FAFSA: Tutorial" video.

Learn more about how to apply for financial aid with our "FAFSA^®: Creating an FSA ID" video.

Aid application timeline

• We encourage students to submit the FAFSA^® application as soon as they consider attending the University.
• The aid application process takes approximately two to six weeks if requested student documentation is submitted accurately and timely.
• The federal deadline for filing the FAFSA^® application is June 30th of the applicable award year. However, the University must receive the valid results of the FAFSA^® application while the student is still enrolled for aid eligibility to be determined.

Submit All Requested Documents to Rasmussen University

Once Rasmussen University has received the results of your FAFSA^®, we will notify you, via email, of any required documents that you will need to submit. You can review any request for required documents at any time in the Account Center on the Student Portal.

Rasmussen University's Student Financial Aid team cannot review your application for financial aid until all necessary documentation has been received. It is your responsibility to complete your financial aid application file, so take a proactive approach to ensure that you have done everything you need to do. If you have not submitted all requested financial aid eligibility documentation by the beginning of the fifth (5th) week of the quarter, a payment plan will be created for the full balance owed. You still have the opportunity to submit all requested financial aid eligibility documents to have your aid eligibility determined; however, the payment plan will remain active until such time as the balance is paid in full.

Loan Entrance Counseling and Master Promissory Note

If you are interested in receiving Federal Direct Loans, you’ll need to complete both Loan Entrance Counseling and a Master Promissory Note (MPN).

• Entrance Counseling
• Master Promissory Note (MPN) for a Subsidized/Unsubsidized loan

We also encourage you to complete the Student Loan Acknowledgement annually at studentaid.gov, which highlights your responsibilities as a borrower, your current federal loan indebtedness (if any), aggregate loan limits and repayment plans.

Receiving Your Financial Aid Award Notification

When your financial aid file is complete (i.e., all documents requested have been submitted), it will be reviewed by Rasmussen University.

If we need additional information:

• A request for that information will be emailed to you, and you can view the request in the Document Center within the Account Center.

If we have everything we need:

• We will prepare your award package and notify you via email when your awards and Award Notification are ready for your review.

Once available, your awards and Award Notification can be viewed in the Account Center.

Account Center

The Account Center within the Student Portal is your go-to place for:

• Viewing your charges, payments and payment schedule in My Finances
• Viewing and uploading required documents in My Documents
• Viewing financial aid awards in My Financial Aid
• Viewing alerts and messages in My Message Center

Disbursing Financial Aid

A student must be officially accepted to Rasmussen University in an eligible degree or certificate program as one of the eligibility requirements to receive and have financial aid disbursed to their student account. Rasmussen University begins disbursing financial aid no earlier than three weeks into the term. Funds are first applied to your tuition and fee charges. Any remaining funds (excess funds) are disbursed to you, the student. Your student account will show an unpaid balance until this disbursement occurs. If the aid you are eligible to receive does not cover your charges, a Student Payment Plan is created and can be viewed on the Student Account Center.

Actual charges for tuition and fees, also known as direct charges, will be different than what is reflected in the financial aid COA because the COA is based on estimated averages.

COA figures are established through student surveys and other research and may include the components below:

• Tuition and Fees (based upon projected enrollment)
• Books, Course Materials, Supplies and Equipment
• Living Expenses
• Personal Expenses
• Transportation
• Dependent Care Costs30
• Professional Licensure Costs31

View the estimated Financial Aid Award Cost of Attendance.

Federal Direct Subsidized Loans

These loans do not accrue interest while you are attending school at least half time. Refer to your college catalog for loan limits.

Federal Direct Unsubsidized Loans

These loans accrue interest at a low rate while you are attending school at least part time. Refer to your college catalog for loan limits.

Federal Direct PLUS Loans

These loans are borrowed by a parent for a dependent or undergraduate child or by a graduate student. Refer to your college catalog for loan limits.

Code of Conduct

Members of Rasmussen University's financial aid team are required to exemplify the highest level of ethical behavior and demonstrate the highest level of professionalism.

Review our Code of Conduct

Private/Alternative Loans

When federal loans and other aid do not cover your cost of attendance, private or alternative educational loans may be available. Private educational loan programs are credit based and vary by lender. Because private loans are regulated by banks rather than the government, borrower benefits may vary, and students may be required to have a cosigner as part of the loan application. Terms and conditions applicable to these loans vary greatly. Factors such as interest rate, APR, length of repayment, loan minimum and maximum, and fees should be carefully considered when researching and choosing a private educational loan. If you have borrowed a private loan previously, we recommend keeping your loans with one lender. Rasmussen offers online private loan comparison tools, Credible and FastChoice. Click on either of the links below to compare lenders, and select the one that is best for you.

Compare Private Loan Rates with Credible

Compare Private Loan Rates with FastChoice

Rasmussen University does not endorse, recommend or promote any lender for private loans. The listings shown on Credible and FastChoice are not preferred lender lists, nor do they represent every lender that provides private educational loans. For residents of Minnesota, you may also want to review the terms and conditions of the MN SELF Loan (www.selfloan.state.mn.us) before selecting a lender.

Online Kickstart Grant

When you begin the next chapter of your education by starting in select Rasmussen University Online programs by January 6, 2025, you could save up to $400 toward your tuition.29 Plus, you could save even more if you qualify for one of our other grants. Visit our grant page to learn more.

Pass the Torch Grant

The Pass the Torch Grant was created exclusively for new incoming students at Rasmussen University. This is an opportunity current students or alumni to pay their experiences forward by referring someone in their life to receive up to $500 on their education at the University.28

Alumni Grant

Returning alumni, you could save up to $3,000 on your Associate’s, Bachelor’s, MSN or Doctoral degree.22 Visit our Alumni Grant page to learn more.

Medical Assisting Inspire Grant

Eligible new students can save up to $4K25 on tuition and earn their Medical Assisting Diploma for under $11.5K.27 Visit our Medical Assisting Inspire Grant page to learn more.

LPN Care Grant

Eligible new students can save up to $2,000 on their Practical Nursing Diploma tuition and work toward becoming a licensed practical nurse (LPN).23 Visit our LPN Care Grant page to learn more.

Get Started Grant

Currently licensed registered nurses (RNs) can save up to $1,380 in tuition and fees with our RN to BSN Get Started Grant. Visit our RN to BSN Get Started Grant page to learn more.

Fast-Track Grant

Students taking 16 or more credits shall only be charged for 16 credits.12For every course taken beyond four courses, students will only be assessed a $195 course resource and technology fee and a $15 fee per textbook for each course.12See course catalog for textbook opt-out policy.

Rasmussen University Early Honors Program

The Early Honors Program allows high school students to experience college-level courses while enrolled in high school. Through this opportunity, students can access courses not offered at their high school and explore potential career areas. Eligibility is limited to high school juniors and seniors who are at least 16 years old at the time of enrollment. Early Honors coursework may be available both on campus and online. See the Rasmussen University Early Honors Program Terms and Conditions for more information.

Affiliation Grant

Some students who are members of or have credits from organizations with whom Rasmussen University has a signed Affiliation Agreement may be eligible to receive a grant equal to a specific percentage of per-credit tuition costs billed each quarter.  The percentage is determined by the agreement between Rasmussen University and the organization. Rasmussen will require proof of the student relationship with the organization such as a transcript or membership card.  Contact your campus for details.

• The Affiliation Grant was first available to new students on August 11, 2021.
• Grant is only applicable to students enrolling in undergraduate degree programs.
• Student must maintain continuous enrollment to remain eligible.  A student who withdraws and re-enrolls may no longer be eligible for the grant.
• Student must submit proof of relationship to the Affiliate prior to the seventh day of the first quarter of enrollment (i.e., official transcript, membership card, etc.).
• Student must meet entrance requirements for the academic program in which they are enrolling.
• Employees of Rasmussen University, LLC and their family members are not eligible for the grant.
• Grant may not be combined with other grants or scholarships offered by Rasmussen University.
• Grant is nontransferable, and no substitution or cash equivalent/refund is allowed.

Corporate Grant

• Student must maintain continuous enrollment to remain eligible. A student who withdraws and re-enrolls may no longer be eligible for the grant.
• Student must meet entrance requirements for the program in which they are enrolling.
• Enrolling students must provide proof of eligibility by submitting proof of employment prior to the 7th day of the first quarter of enrollment (i.e.: recent paystub or employment verification letter)
• Employees of APEI and APEI Education al Units, including Rasmussen College, LLC and their family members are not eligible to participate.
• Students cannot receive both corporate and military grants.
• Grant is nontransferable, and no substitution or cash equivalent/refund is allowed.
• Students with tuition rates at or lower than $258 per credit for full-time rates and $334 per credit for part-time rates are not eligible for any grants or scholarships offered by the University.
  • Students who start the Healthcare Certificate, Medical Assisting Diploma, or Healthcare/Health Sciences Associates with a Medical Assisting Specialization programs on or after May 8, 2024, may be eligible for institutional grants regardless of program or course tuition rate provided they meet all other applicable terms and conditions for the grants.
  • Students enrolling in the Master of Science in Nursing degree program on or after January 2, 2023, may be eligible for institutional grants regardless of program or course tuition rate provided they meet all other applicable terms and conditions for the grants.
  • Students enrolled in the Nursing Post-Graduate Certificates in Nursing Education, Healthcare Technology, Simulation and Informatics or Nursing Leadership and Administration are not eligible for any grants or scholarships offered by the University.
• Immediate family members of Corporate Alliance employees may be eligible to receive the Corporate Alliance Grant. This includes spouses, qualified domestic partners, children and step-children.

For additional details visit: https://corporate.rasmussen.edu/employer-alliances

Professional Achievement Grant

Depending on your employer’s benefits program, you may be eligible for savings up to 100% with the Professional Achievement Grant.19 The Professional Achievement Grant may not be combined with other grants or scholarships offered by Rasmussen University. Visit our Employer Benefits page to find participating employers.

Start Strong Tuition Savings

Students who enroll through an employer alliance may be eligible to save up to over $7,000 on program tuition and fees through Start Strong Tuition Savings.15 Learn more about Start Strong Tuition Savings.

Federal Pell Grant Program

This grant is awarded based on the financial need of the applicant. Refer to the college catalog for possible amounts per year.

Federal Supplemental Educational Opportunity Grant

This grant is awarded by an institution based on a student’s financial need. Notification is made by the University regarding eligibility. Refer to your college catalog for possible amounts per year.

Other Grant Options

University funding is available at the state level and varies by state. Grant funding is awarded based on your qualifications as determined by filing the FAFSA. Please contact an admissions advisor for more information. Visit our State Grant Programs website to learn more.

Rasmussen University Transfer Policy

We define a transfer student as anyone who’s previously earned college credit from an accredited two- or four-year college/university after graduating from high school. A student enrolling at Rasmussen University with college credit earned while attending high school is not considered a transfer student but rather a new, incoming student.

To learn more about transfer credits and view our full transfer policy, visit our Transfer Policy page.

Self-Directed Assessment

Save time and money with self-directed assessments. These $149 online assessments allow you to show that you have already achieved the skills and knowledge for a particular course and don't need to take it. Available in 56 different programs.

Credit for Prior Learning

Maximize your credits and reduce overall costs by bringing in previous college courses, military transcripts and other college equivalents, such as course waivers and industry certifications. Learn more about credits for prior learning on our Transfer Policy page.

Tuition Reimbursement

Many employers offer some level of tuition reimbursement to their employees. Whether your employer offers full or partial reimbursement, this valuable benefit can help you save money and reduce your student debt while you earn your degree. Check out the following tips to see how you can make the most of tuition reimbursement opportunities through your employer:

1. Talk to HR about tuition options through your employer, which may include:

• Partnerships: Your company may partner with a specific college that offers discounts.
• Direct Pay Tuition Assistance: There may be eligibility requirements, but this option means your employer pays for whichever college you attend.
• Tuition Reimbursement: You, the student, pay for college but are reimbursed afterward by your company.

2. Choose courses or a program that meet(s) requirements set by your employer. However, they may require that your degree is applicable to your job.

3. Let your employer know the benefits of the program, including what you will gain and how this will help your position in the company. Furthermore, you should prepare responses to address any concerns your employer may have (i.e., How will you balance school and work? How do you plan on using these acquired skills?).

4. Meet with your employer to go over the benefits that both you and the company would receive in furthering your education.

Work-Study

We have a wide range of work-study opportunities for current students at our campuses, online and with our community service partners. This is a great way for current students to gain experience and earn money while taking courses. For information on open positions, the application process and the hiring process, see the Work Study Program Guide. View all necessary eligibility requirements and terms and conditions.

Learn more about federal work-study student basics by watching our "A Minute to Learn It – 6 Good Things You Need to Know about Federal Work-Study" video.

Outside Scholarships

Rasmussen University encourages our students to search for other scholarship funding opportunities, referred to as "outside scholarships." Fastweb and Scholarship Search are both reputable scholarship search engines that can match you to relevant scholarships free of charge. Use both to find scholarships you may be eligible for.

To learn more about scholarships and requested documentation, watch our "What is a Scholarship?" video.

North Dakota Career Builders Loan Repayment Option (Rasmussen University – Accelerated Bachelor of Science Nursing Program Only)

The North Dakota Career Builders Scholarship program was created to attract students into high-need or emerging occupations in the state of North Dakota.Newly hired graduates in high-need occupations within North Dakota may qualify for up to $5,667 per year for student loan repayment, or one-third of the applicant’s outstanding student loan principal balance at the time of the application, whichever is less. Payments are made over 3 years. Maximum eligibility is up to $17,000. Eligible loans include:

1. FEDERAL Subsidized Student Loans
2. Federal Unsubsidized Student Loans
3. Federal Consolidated Student Loans
4. Perkins Loans
5. Bank of ND DEAL loan or CEAL education loan

For more information, please contact an admissions advisor, or visit the ND Career Builders Scholarship website.

Rasmussen University delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://disbursements.bmtx.com/refundchoices/. You can also view our third-party servicer contract for refund management. A student must be officially accepted to Rasmussen University in an eligible degree or certificate program as one of the eligibility requirements to receive and have financial aid disbursed to their student account. Rasmussen University begins disbursing financial aid no earlier than three weeks into the term. Funds are first applied to your tuition and fee charges. Any remaining funds (excess funds) are disbursed to you, the student. Your student account will show an unpaid balance until this disbursement occurs. If the aid you are eligible to receive does not cover your charges, a Student Payment Plan is created and can be viewed on the Student Account Center.

Learn more about funds distribution.

Find the corresponding code based on the campus list below:

Online
Rasmussen Online (for new/current students whose enrollment began in or after January 2023): 008694
Rasmussen Online (for current students whose enrollment began before January 2023): 008501
Bachelor Completer (for new/current students whose enrollment began in or after January 2023): 008694
Bachelor Completer (for current students whose enrollment began before January 2023): 008501

Graduate
Graduate Studies: 008694

Florida
Fort Myers: E01494
Central Pasco: E00933
Ocala: 008501
North Orlando: E40514
Tampa/Brandon: E01929

Illinois
Aurora/Naperville: E01510
Mokena/Tinley Park: E01865
Rockford: E01244
Romeoville/Joliet: E01649

Kansas
Kansas City/Overland Park: E02166
Topeka: E02167

Minnesota
Hennepin/Anoka (Blaine): E01864
Bloomington: 011686
Eagan: 004648
Mankato: 016845
Moorhead: E01382
St. Cloud: 008694

North Dakota
Fargo: 004846

Wisconsin
Green Bay: E01295
Wausau: E01851

Your Rights. You have the right to...

• privacy. All records and information submitted with your application for financial aid are confidential and subject to legal requirements concerning disclosure of such information.
• know about the refund policies for both Rasmussen University and Financial Aid if you withdraw after the term begins.
• request a reduction or cancellation of your student loans. Remember that a student loan is a debt that must be repaid; borrow only what you need.
• know specific consumer information.
• know what financial aid programs are available to you, including information on all federal, state and college financial aid programs.
• know the application procedures and deadlines for each of the available programs.
• know that you may request consideration for an adjustment to information reported on the Free Application for Federal Student Aid (FAFSA) due to special or unusual circumstances that may impact your eligibility for aid.
• know how financial aid is distributed and the basis for these decisions.
• know how and when financial aid is disbursed.
• know how your financial aid eligibility was determined. This includes how costs for tuition and fees, living expenses, books, course materials, supplies, equipment, travel, personal, and miscellaneous expenses were determined in your estimated cost of attendance. It also includes what resources were considered in the calculation of your financial aid eligibility (such as estimated family contribution and other financial aid or personal assets).
• know the interest rate of your loan, the total amount to be repaid, repayment procedures, when repayment begins and the length of the repayment period.
• know how Rasmussen University determines whether you are making satisfactory academic progress and what happens if you are not.

Your Responsibilities. You must...

• regularly check your student email account for information from Rasmussen University and Financial Aid.
• keep your parents or guardians informed of all financial aid requirements and deadlines (if you are a dependent student).
• reapply for financial aid each award year.
• complete all application forms and supporting documents accurately and submit them on time via the student portal.
• read and understand all forms you are asked to sign. You are also responsible for knowing the financial aid reapplication deadlines.
• provide correct information at all times. Reporting false information is a violation of the law and may be considered a criminal offense.
• submit, by the deadline indicated, all additional documentation, verification, corrections and/or new information requested by either the Financial Aid Office or the agencies to which you submitted applications. Some examples include federal tax return transcripts, verification forms, loan entrance counseling, loan promissory notes and loan exit counseling prior to leaving school.
• notify us in writing/email if the information reported on your financial aid applications has changed.
• notify the University and any lenders if there are changes in your name, permanent mailing address, anticipated graduation date or enrollment status.
• notify us in writing/email if you receive any scholarships or other awards that do not appear on your financial aid award notification.
• accept responsibility for all agreements that you sign.
• know and comply with the refund procedures of Rasmussen University.
• show Satisfactory Academic Progress according to established policies and standards of Rasmussen University.
• notify us in writing/email if you are receiving financial aid for attendance at another institution while attending Rasmussen University.
• maintain satisfactory status on student loans. Students who default on their student loans or owe refunds on federal grants are not eligible for any financial aid.