Financial Aid

Your Financial Aid Resources

Rasmussen College provides support resources to assist you in determining a financial aid solution that allows you to earn the degree you desire to help you achieve the career you want.

We award grants, tuition discounts, and other financial assistance to our students through:

To learn more about financial aid options available to you, complete the form on the right, and we will contact you shortly.


How to Apply for Student Financial Assistance

We use the FAFSA (Free Application for Federal Student Aid), available online at fafsa.ed.gov, to determine your financial aid eligibility.

  • Before you apply
  • Steps in Applying
  • IRS Data Retrieval
  • School codes

Before you Apply

In order to complete the FAFSA online, you must register for a FSA ID with the U.S. Department of Education. Your FSA ID will serve as your electronic signature on all future financial aid documents completed online. You can apply for a FSA ID by visiting: fsaid.ed.gov.

When completing the FAFSA, you will be asked for Rasmussen College's school code, which you can find on the School Codes tab.

If you already have a FSA ID, complete your FAFSA at fafsa.ed.gov.

What You Can Do With Your FSA ID:

  • Sign your FAFSA electronically
  • Review and, if needed, correct answers on your processed FAFSA
  • View information about your federal grants and loans
  • Reapply for financial aid in the future
  • Conduct other online business with the U.S. Department of Education

Note: If you are a dependent, your parent(s) can also acquire a FSA ID to electronically sign your FAFSA.

What You Need to Complete Your FAFSA:

  • Your social security number
  • Your driver’s license number, if you have one
  • Your W-2 Forms
  • Your federal income tax return
  • Your current bank statements and records of stocks, bonds, and other investments
  • Your records of other untaxed income received, such as Social Security, Temporary Aid to Needy Families (TANF), welfare or veteran’s benefits
  • Your business or farm records, if applicable
  • Your alien registration number, if you are not a U.S. citizen
  • If you are a dependent student, you will also need:
    • Social Security number(s) of your parent(s)
    • Income and financial records (as listed above) for your parent(s)

Beginning with the 2017-2018 FAFSA, you will use income records from two calendar years prior to the academic year for which you are applying. For example, use 2015 tax information to complete the 2017-2018 FAFSA.

Application Resources:

Steps in Applying

Step 1
Get a FSA ID. To sign your FAFSA electronically, you (and your parent, if you are dependent) need a U.S. Department of Education FSA ID. If you don’t already have one, apply now at fsaid.ed.gov. Your FAFSA will be processed faster if you sign using a FSA ID.

Step 2
Utilize the IRS Data Retrieval Tool.
The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS Web site.

  • For 2017-18, the IRS Data Retrieval Tool is unavailable. Proceed with filing your FAFSA by manually entering your tax return information.
  • For 2018-19, the IRS Data Retrieval Tool is available!
If you are eligible to use the IRS Data Retrieval Tool, we highly recommend using the tool for several reasons:
  • It's the easiest way to provide your tax data.
  • It's the best way of ensuring that your FAFSA has accurate tax information.
  • You won't need to provide a copy of your or your parents' tax returns to your college.
When you use the IRS DRT to transfer your tax return information from the IRS, the information will NOT display on your FAFSA. For your protection, the answer to each question is replaced with “Transferred from the IRS”.

To learn if you are eligible to use the IRS Data Retrieval Took, click here.

Step 3
Save your FAFSA. Save your application often using the SAVE button at the bottom of the screen. That way, if you lose your Internet connection, you can return to the FAFSA you already started.
NOTE: Do not click the EXIT button. If you do, you will close your application and erase all the information you entered.

Step 4
Get Help.  Because there is plenty of FREE help available, you don’t have to pay to get assistance filling out your FAFSA. The "NEED HELP WITH THIS PAGE?" button at the bottom of every online FAFSA page will help you complete that page. The HELP button at the top of every screen has a complete index of help topics. In addition, you can chat with a customer service representative directly over the Internet by clicking the CHAT button. If you still need more help, call 1-800-4-FED-AID.

Step 5
Sign Your FAFSA. If you have a FSA ID, you can electronically sign your FAFSA. Otherwise, you’ll need to print the signature page and mail it in. If you are a dependent, a parent will need to sign your FAFSA as well. Your parent(s) can sign either by using his or her own FSA ID or by mailing in a signature page.

Step 6
Submit Your FAFSA. Click the SUBMIT button located on the very last page of the online FAFSA form. After submitting your application, you will be taken to a new page that confirms your submission and gives you a confirmation number.

Step 7
Complete Your Aid Application. Once Rasmussen has received the results of your FAFSA, additional documentation may be required. Submit this information as soon as requested. 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.

If you have questions or need assistance, please call 888-549-6755 and a program manager will be happy to help you.

The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS Web site.

  • For 2017-18, the IRS Data Retrieval Tool is unavailable.  Proceed with filing your FAFSA by manually entering your tax return information.
  • For 2018-19, the IRS Data Retrieval Tool is available!
If you are eligible to use the IRS Data Retrieval Tool, we highly recommend using the tool for several reasons:
  • It's the easiest way to provide your tax data.
  • It's the best way of ensuring that your FAFSA has accurate tax information.
  • You won't need to provide a copy of your or your parents' tax returns to your college.

When you use the IRS DRT to transfer your tax return information from the IRS, the information will NOT display on your FAFSA.  For your protection, the answer to each question is replaced with “Transferred from the IRS”. 

Click here for the steps to follow to utilize the IRS Data Retrieval Tool.

School Codes

Please choose the corresponding code based on the campus list below:

Online
Rasmussen Online: 008501
Bachelor Completer: 008501

Minnesota
Blaine: E01864
Bloomington: 011686
Brooklyn Park/Maple Grove: E01193
Eagan: 004648
Lake Elmo/Woodbury: E01264
Mankato: 016845
Moorhead: E01382
St. Cloud: 008694

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

Florida
Fort Myers: E01494
Land O' Lakes/East Pasco: E02004
New Port Richey/West Pasco: E00933
Ocala: 008501
Tampa/Brandon: E01929

Kansas
Kansas City/Overland Park: E02166
Topeka: E02167

Wisconsin
Green Bay: E01295
Wausau: E01851

North Dakota
Fargo: 004846


Funds Distribution

Financial aid disbursements and other school refunds are delivered to students through a partnership between Rasmussen College and BankMobile. Click here for more information.

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