Financial Aid

Your Financial Aid Resources

Rasmussen provides support resources to guide financial aid solution that allows you to earn the degree you want to help you achieve the career you want.

We award grants and tuition discounts to our students through:

To learn more about financial aid options available to you—just 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) to determine award amounts. This is available online at fafsa.ed.gov.

  • 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)

Use income records for the calendar year prior to the academic year for which you are applying for financial aid. For example, use 2015 tax information to complete the 2016-2017 FAFSA.

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.

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.
Students or parents who are married and filed as Married Filing Separately, are married and filed as Head of Household, filed a Form 1040X amended tax return, or filed a Puerto Rican or foreign tax return are not eligible to use the IRS Data Retrieval Tool, and will need to enter their tax return information manually. Remember, the Form 1040X is used to correct your original filed tax return.

Additionally, students or parents who filed their tax returns electronically within the last three weeks, or through the mail within the last eleven weeks, might need to either enter their tax return information manually or return at a later date to transfer their tax return information into the FAFSA, as their tax return information might not be available for transfer from the IRS.

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 Application. 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 Application. 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.

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

The FAFSA now provides an option to electronically transfer your Federal tax return information directly from the IRS on to your FAFSA with the use of the IRS Data Retrieval Tool. The transfer is easy, it’s fast and it’s accurate. By using this tool, you may not have to request an IRS Tax Transcript to verify the information on your FAFSA. This can simplify the FAFSA and overall financial aid process.

Follow the below steps to utilize the IRS Data Retrieval Tool (IRS DRT):
  1. Log in to your current FAFSA or start a new FAFSA at www.fafsa.gov.
  2. Once logged in, go to the financial section of the FAFSA. Your tax filing status will need to show “already completed taxes” in order to be able to transfer your information.
  3. Click on “Link to the IRS”.
  4. Fill in information exactly as it appears on your tax return (tax filing status, address) and click “submit.”
  5. Check the box that asks if you want to transfer the data to your FAFSA. Then click “transfer now” and you will be brought back to the FAFSA website. All of the data transferred over will now populate on the FAFSA with a note that says “transferred from the IRS.” DO NOT change any of this transferred data.
  6. Finally, make sure to resubmit the FAFSA

School Codes

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

Online
Rasmussen Online: 008501
AcceleratED: 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
Appleton: E01896
Green Bay: E01295
Wausau: E01851

North Dakota
Bismarck: E01407
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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