What is Financial Aid?

Financial Aid is money that is supplied by some source outside of the family to help pay for the cost of a student’s college education. There are two basic categories of aid: need-based and non need-based. Having financial need as determined by a Federal Government calculation and RMU’s Cost of Attendance and meeting other eligibility criteria are the primary requirements for receiving need-based aid. Non need-based aid is usually referred to as merit-based aid and is generally given to students in recognition of special skills, talent, or academic achievement. There are four types of aid: Grants, Loans, Scholarships, and Federal College Work Study.

This aid comes from four sources: The Federal Government, State of Illinois, Robert Morris University, and private sources.