Financial Plan

When Robert Morris University has all appropriate documentation, a financial plan will be calculated for the student describing how the student can finance his or her education at RMU. Usually a plan is calculated for three quarters (30 weeks or one academic year) unless the student has not earned enough credit hours to progress to the next academic level (i.e., freshman, sophomore, etc.)

The plan will consist of awards that the student is eligible to receive and will be a combination of grants, loans, and cash payments that will cover the tuition and fees for three quarters or one academic year.

If a student receives Federal and/or State financial awards, RMU institutional funds, and a Federal Subsidized loan, the combination of these awards (including scholarships) CANNOT exceed Financial Need. Unsubsidized Stafford loans, PLUS (Parent Loan for Undergraduate Students) loans, and private alternative loans are non need-based aid. The total of all awards (need-based and non need-based) CANNOT exceed the Cost of Attendance. RMU Scholarship & Grant Programs cannot be awarded in excess of the cost of tuition and fees. Charges are based on the official census. Students are responsible for charges of tuition, fees & books, and are further responsible for the financial aid process.

Robert Morris University Illinois is a private, not-for-profit associate, baccalaureate, and master's degree-granting institution, accredited by the Higher learning Commission of the North Central Association of Colleges and Schools (230 South LaSalle Street, Chicago, Illinois 60604, 312.263.0456) and authorized by the Illinois Board of Higher Education (1 N. Old State Capitol Plaza Suite 333, Springfield, Illinois 62701-1377, 217.782.2551, IBHE Feedback). Robert Morris serves over 4500 students interested in getting an education that meets the demands of today's business, graphic arts, health care, culinary and technical world at its main campus in Chicago as well as at locations in Arlington Heights, DuPage, Elgin, Orland Park, Schaumburg, Springfield, Peoria and Lake County.