(ii) the institution recommends the lender or the loan products of the lender and in exchange, the lender pays a fee or provides other material benefits, including revenue or profit sharing, to the institution, an officer or employee of the institution, or an agent. Carlton E. Lemke Fellowship in Mathematics for graduate students in the Department of Mathematical Sciences. Various deferments allowing postponement of repayment are available depending on when the student received the first loan. University Name: Rensselaer Polytechnic Institute. Effective 7/1/2012 and thereafter, all Pell grant recipients are limited to receive no more than 12 semesters of Pell Grant awards. The actual details may vary. Senior Scholarships May 7, 2021 Alumni News, High School News, Home Page, Parent News, School News, Student News by Nicole Bostel Below is the most up-to-date list of seniors and their scholarship awards. Javascript is currently not supported, or is disabled by this browser. Joaquin B. Diaz Memorial Fellowship for graduate study in mathematical sciences. Please note that interest rates and fees are subject to change July 1 of each year. Periods of deferment are limited to those who are (1) in school at least half-time; (2) on graduate fellowships or rehabilitation training; (3) unemployed; (4) serving on active duty during a war, being on active duty as a member of the national guard, or (5) in economic hardship. All Rensselaer scholarships and grants are awarded based upon full-time attendance. Request for a waiver of the NYS TAP standards are made to the Registrars Office. A nonrefundable fee of $35 is required for an orientation program held prior to registration. The priority deadline date for returning students is April 1 of the year the applicant is seeking aid. Previous STEM Seniors Honored with Academic Letters Next Be Kind and Happy Mother's Day Comments are closed. Policy Statement School of Architecture or co-terminal program students may receive the award for up to 10 semesters. Visit the Office of Financial Aid website, www.financialaid.rpi.edu, for additional instructions and details. Students who fail to maintain the minimum credit hours or achieve the required grade point averagesmay be placed on federal financial aid warning for one semester, allowing for the potential to continue receiving federal aid. Depending on loan type, students may receive a six month grace period prior to the required repayment period with the Direct Loan programs. Application information and the deadline for fall submissions will be announced in the summer preceding each fall semester. Award schedules may be changed by subsequent legislative action. The same percentages apply to the reduction of Rensselaer gift aid programs. Applicants who file after any of these filing deadline dates will be reviewed, but cannot be guaranteed full consideration of all aid programs. The recipient of the award is determined by the Vice President for Student Life. School of Architecture or co-terminal program students may receive the grant for up to 10 semesters. Graduating Student Awards Celebrate Rensselaer Students! E.T.B. Maximum award is $4,000. Typically in such programs, the student is considered the primary borrower, with a credit worthy co-signer. ROTC Room & Board Scholarship The ROTC Room & Board Scholarship is awarded to all ROTC scholarship recipients attending on a full-time basis. The HEOA program participation agreement, which must be executed by all institutions participating in Title IV financial aid programs including student loan programs, requires a code of conduct with which the institutions officers, employees, and agents shall comply. Students in coterminal MBA programs may receive up to 3 additional terms of funding. Students do not apply separately for these awards. About the Federal National Student Loan Data System (NSLDS): As a Federal Student Aid Programs Eligible Institution, Rensselaer is required to submit detailed information about the Federal Student Loans we certify to the Federal NSLDS. Undergraduate award amounts currently range from $500 to $5,165, depending on family New York State net taxable income and when the student receives his/her first TAP payment. The return of Federal funds does not apply to any student whose date of withdrawal is beyond the 60 percent enrollment period for which the student has been charged. Is there any financial aid at RPI. No separate forms are necessary. Reason for Policy Studying abroad can be costly. Students enrolled in the co-terminal program are considered undergraduate students for financial aid purposes and are instructed to file the FAFSA as a student who has not yet completed a Bachelors degree. The Office of Financial Aid transmits appropriate information to the federal Department of Education (DOE). Perkins was a need-based loan program for students with exceptional financial need, with a fixed interest rate of 5%. A student receiving Rensselaer merit-based awards will automatically have those awards renewed as long as he or she has not been academically dismissed and meets all other eligibility requirements. An origination fee of 4.276% is deducted from the gross amount borrowed. The Adult Career and Continuing Education Services-Vocational Rehabilitation (ACCESS-VR) agency can assist with questions about access to a full range of services for disabled persons. Junior and beyond: $7,500 with no more than $5,500 from the subsidized program. The 2018-2019 interest rate is 6.60% for graduate students. Established by Clay P. Bedford, the prize is given in memory of Livingston Waddell Houston, 11th president of Rensselaer. School of Architecture or co-terminal program students may receive the award for up to ten semesters. The return of funds does not apply to any student whose date of withdrawal is beyond the 60 percent enrollment period for which the student has been charged. Once the student has reached that limit, s/he may borrow only unsubsidized loans, and interest begins to accrue on the students outstanding subsidized loan. Fu is the recipient of the Rensselaer Leadership Award and is a member of the Epsilon Delta Sigma Management Honor Society. Waivers of standards are granted for one semester only. Additional applications may be required for state financial aid programs. Repayment schedules may begin immediately or be have grace periods of six or nine months, depending on the loan program. (II) the officer, employee, or agent has reason to believe the gift was given because of the official position of the officer, employee, or agent. The student must demonstrateoutstanding leadership skills, possess an excellent academic record, and have createda positive impact on the community. Students receiving VA benefits may also qualify for additional federal grant, loans, and work-study programs. Steven Chu, Postdoctoral Faculty Sponsor. Our community is better as a result of their time at Rensselaer and these awards are a way of showing them our appreciation. Use of the one-time presidents waiver does not preclude the possibility of waiver of the C (2.00) cumulative GPA requirement alone in a subsequent semester. International students cannot receive institutional aid, unless a Rensselaer Medal Scholarship recipient or receiving a Division I Athletic Scholarship. The Rensselaer Medal is a scholarship opportunity worth $120,000 for outstanding math and science students. Now in its 18th year, The Leadership Institute is the Chamber's award-winning professional development program that has an an accomplished and diverse alumni network of nearly 500 graduates. 2024 Bicentennial Award* This award assists recipients to attain the benefit of a Rensselaer education and is supported by donations from Rensselaer alumni and friends since the inception of the Institute in 1824. Naval Science (Navy/Marines), (518) 276-8001. Generally, awards are committed well before the start of the academic year; awards are usually mailed during March and April for the following fall term. The tuition refund percentages below apply to all students whether or not they are federal aid recipients. In general, the maximum amount to be retained by the student will be no more than the difference between the finalized tuition charges minus the amount of Federal and Institutional aid the student is eligible to retain. Federal Direct PLUS (Parent Loan for Undergraduate Students) Borrower must be the natural parent or custodial stepparent of a financially dependent undergraduate. Nominations must be in .doc, .docx, .pdf, .jpg, .png, or .gif format for all awards except the Paul B. and Barbara J. Zuber Award for Underrepresented Students. International students may be eligible for private (alternative) student loans up to their Cost of Attendance. Michael Aloysius Philbin Memorial Fellowship for graduate study in civil engineering. finally, if there is still outside aid left, the remaining outside aid will replace existing Rensselaer need-based aid rounded up to the nearest $50 increment. William Weightman Walker Fellowship for a graduate student in chemistry and chemical biology, biochemistry-biophsyics, or chemical and biological engineering. Does this mean that there will be no FA for the following years? Parthesius Fellowship for graduate study. Annual Federal Direct Loan eligibility: The 2018-2019 interest rate is 5.05%. An exception to this policy is Canadian citizens who apply for admission on or after the Fall 2012 semester shall be considered for institutional aid. The 2018-2019 interest rate is fixed at 7.6 percent. These merit-based awards are given in recognition of an outstanding record of academic and personal achievements, a strong commitment to excellence, and illustration of intellectual curiosity. Book Expenses for Federal Pell Grant Recipients: All colleges must provide a mechanism for Federal Pell Grant recipients to obtain their books within seven days from the start of each term if the student is expected to receive a credit balance refund from their Pell Grant. $104M in Research Expenditures Recipients of federal aid programs must be United States citizens or eligible non-citizens and meet other requirements. There are a limited number of off-campus community service positions. It is committed to partnering with students to assist in making a quality education financially possible for undergraduates and their families. A highlighted row with an asterisk (*) indicates that a school has selected a Medalist. An acceptance of an offer of work study is not a guarantee of employment nor may a recipient utilize anticipated work study earnings to pay bills owed to the Institute. Additionally, under New York State education law, the president of the New York State Higher Education Services Corporation (NYSHESC) can waive the academic progress requirement of a minimum C (2.00) cumulative GPA for a student who has received two years of state-funded aid. Spring 2022 Hours. Rensselaer Recognition Award* This limited fund is provided to select students based upon a holistic view of the students academic record, extracurricular activities, and potential for success at the Institute. Federal Supplemental Education Opportunity Grant (SEOG) These additional grants are made to Pell Grant recipients who demonstrate exceptional financial need. Official withdrawals and leaves are coordinated through the Office of Student Experience. The 2018-2019 interest rate is 5.05% for undergraduate students and 6.60% for graduate students. Code of Conduct The Award for Excellence Provided to the top student transferring to a Rensselaer engineering program from each of the Institutes four-year affiliated colleges and universities. Scholarship Description Rensselaer Leadership Award/Rensselaer Merit Award These merit-based awards are given in recognition of an outstanding record of academic and personal achievements, a strong commitment to excellence, and illustration of intellectual curiosity. Unmet need is the difference between your Estimated Family Cost to Attend Rensselaer and your Federal EFC. Any student awarded a fellowship through the Institute will receive a stipend equal to or greater than the Institute approved rate. Graduate students: $20,500 from the unsubsidized program only. The funding is provided through a combination of the maximum VA Benefit tuition support award (about $36,000 per year) and Yellow Ribbon awards from VA and Rensselaer which cover the level of tuition above the VA annual support maximum. There is no minimum grade point average required for renewal each year. The annual interest rate is a fixed rate equal to the high yield Treasury Note as of June 1st plus 3.06%. She received the RAA Alumni Key Award in 2017 and the Albert Fox Demers Medal in 2022 and is a member of the Stephen Van Rensselaer Society of Patroons. Opportunities exist for additional work and study during the summer in many programs. Recipients receive this award for a maximum of eight semesters of full-time undergraduate study. Assistantships consist of full academic year tuition and a stipend of at least $22,000 for the current academic year and, if the student is requested to register and work full time during the summer, at least $29,334 for the current calendar year. Federal and state aid recipients are subject to the terms and conditions of those programs. Full-time AmeriCorps members perform 1,700 hours of service. Coterminal degree students may receive up to 2 additional semesters of funding after completing their undergraduate degree requirements. Sanctions Designed to enrich and augment classroom and laboratory studies, the student life experience is a vital part of Rensselaer's undergraduate education. Seven award schedules are currently in effect. (iii) an officer, employee, or contractor of a lender, guarantor, or servicer of education loans from serving on a board of directors, or serving as a trustee, of an institution, if the institution has an interest policy that the board member or trustee must excuse themselves from any education loans at the institution. Eligibility details about Federal Direct Loans, Perkins Loans, and Pell Grants received by students, including award periods, award amounts, and schools where funds were used is provided. STUDENT SELF HELP Rensselaer utilizes the College Scholarship Service recommended minimum student contribution from income from summer earnings when determining need-based Institute funding regardless of the federally calculated EFC. Award amounts vary. Families are expected to utilize a combination of income, assets, and borrowing ability to fund educational costs. One approach to fund your studies is to apply for a study abroad scholarship that can pay for your expenses. Institute COVID-19 Website. (ii) an officer or employee of the institution who is not employed in the Office of Financial Aid but who has responsibility with respect to education loans as a result of a position held at the institution, or an agent who has responsibility with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education loans, if the institution has a written conflict of interest policy that clearly sets forth that officers, employees, or agents must excuse themselves from participating in any decision of the board regarding education loans at the institution; or AmeriCorps Web site is www.americorps.gov/. The Joseph H. Smith Jr. 45 Award This award was created for the most outstanding student in the engineering science program at the Institutes affiliated community colleges. Rensselaer Leadership Award, Rensselaer Medal Award, Rensselaer Recognition Award) and are not interested in federal or state aid then you do not need to complete the FAFSA. Troy, NY USA 12180 Students who may be candidates for these programs are urged to contact the Office of Financial Aid. Students denied federal financial aid for failure to make satisfactory academic progress may appeal through the Office of Financial Aid. Several types of assistance to help defray the cost of graduate study are available from Rensselaer funds. Both Vermont and Rhode Island offer grant programs that provide partial support for study at Rensselaer. We are providing these FAQs to help students, counselors, family members, and others better understand next steps for your enrollment. Any credit balance remaining on the students account after all charges and awards are re-calculated will be provided to the student. Albert S. Paulson Fellowship in Quantitative Financial Management for outstanding graduate students enrolled in the Lally School of Management and Technology. Student Consumer Information Rensselaer Leadership Award . Bill and Yellow Ribbon Programs for U.S. Veterans. Rensselaer Scholarship and Grant awards are provided to help finance the student enrollment costs and based on view the students are required to live in RPI housing and participate in an RPI meal plan for their first five semesters. Non-scholarship students receive a monthly stipend during their junior and senior years. Recipients receive one of these awards for a maximum of eight semesters of full-time undergraduate study. rensselaer leadership award amount. The code of conduct requirements are set forth in the Higher Education Opportunity Act (HEOA) signed into law on August 14, 2008. Persons with disabilities may visit the New York State Education Department website, www.nysed.gov, for more information about higher education and training award availability as well as other living services. Students may need to verify their grace period with the federal Direct Loan Service Center (https://studentloans.gov/myDirectLoan/index.action). Edward A Saibel Fellowship for graduate study in mechanical engineering. How to Get a Scholarship to Study Abroad. Most awards are a combination of scholarship(s), grant(s) loan(s), and/or job. Generally, outside aid will be treated as follows: first, it will be used toward any unmet need in your package. Rensselaer Grant* (formerly Rensselaer Alumni Scholarship) This need-based grant is awarded to students who exhibit strong academic and extracurricular achievement, and display a strong commitment to excellence. Glenn W. Bailey Memorial Fund in Support of the Lighting Research Center for graduate students studying at the Lighting Research Center in the School of Architecture. Dr. Hugo S. Ferguson 56 and Evelyn M. Ferguson School of Engineering Fellowship for graduate study in materials and science engineering. Repayment begins after disbursement, and the borrower may have up to 20 years to repay. The Lally School at Rensselaer is one of more than 500 universities participating in the new Post 9/11 GI Bill, and the Yellow Ribbon Program, a provision of the new GI Bill, which was created to make resources available to military veterans and their dependents to attend college and graduate school. A student who has utilized eight semesters of eligibility (10 if in Architecture or co-terminal) seeking institutional aid must appeal in writing with an academic plan from his/her adviser outlining the coursework needed for graduation. Awards below with an asterisk (*) assist recipients to attain the benefit of a Rensselaer education and are supported by donations from Rensselaer alumni and friends since the inception of the Institute in 1824. Only full-time, degree-seeking graduate students are eligible for financial support from Rensselaer in the form of research assistantships, teaching assistantships, or fellowships. The fund is used to financially support scholarships for worthy and needy undergraduate students. The Tuition Assistance Program (TAP) is described below. This program helps eligible New York State residents attending in-state postsecondary institutions on a part-time basis to pay for tuition. For Federal aid programs students must complete the FAFSA application annually. New York residents can contact the New York State Office for National and Community Service, 52 Washington St., Rensselaer, NY 12144.