Student Loans, Grants, And Discounts

Maximize Your Education. Minimize Your Debt.

At Rasmussen College, we understand that your higher education is one of the biggest investments you will make in your life. We work to help you make your investment more affordable and successful.

You have many options for financing your college education. Whether you choose to take advantage of loans, grants, or tuition discounts, opportunities are available to you through federal and state agencies, and at Rasmussen College, we offer several grants and tuition discounts to qualifying students.

Click on the tabs below to learn more about opportunities to help finance your college degree and make your higher education investment successful.

  • Rasmussen Funding
  • Federal Funding
  • State Funding
  • Code of Conduct

Rasmussen College Student Grants and Tuition Discounts

Learning Innovation Grant
The Rasmussen College Learning Innovation Grant is for incoming students who enroll in Flex Choice ® Competency-Based Education (CBE) programs. Rasmussen will grant a maximum of $1,000 which will be awarded upon successful completion of the academic program.
See Eligibility Requirements

Fast-track Tuition Discount
Students taking sixteen or more credits shall only be charged for sixteen credits. For every course taken beyond four courses, students will only be assessed a $175 course resource and technology fee and a $10 fee per textbook for each faculty-led course. See course catalog for textbook opt-out policy.

Corporate Discount¹
Part-time students employed by a Rasmussen College corporate partner are eligible for a 10% tuition discount.

Military Discount¹
All current and retired military personnel, as well as veterans, enrolling in a degree, Diploma, or Certificate program are eligible for a 10% tuition discount. Rasmussen College also extends the 10% discount to the spouse and dependents, age 18-21, of any service member on active duty.² This discount applies to part-time students.

¹ Students cannot receive both corporate and military discounts.
² In order to qualify for the discount, all admission requirements must be completed, and enrolling students must provide proof of service by submitting an actual or faxed copy of their military ID card, including expiration date. Retired military personnel must provide valid military retiree ID or DD 214 form. Spouses and dependents must provide an actual or faxed copy of their dependent military ID card, which includes an expiration date.

Federal Loans and Grants

The United States federal government offers college students several types of loans and grants to those who qualify. These loans and grants are one resource to help you finance your higher education.

Federal Loans

Federal Direct Subsidized Loans
These loans do not accrue interest while you are attending school at least half-time. Refer to your college catalog for loan limits.

Federal Direct Unsubsidized Loans
These loans accrue interest at a low rate while you are attending school at least half-time. Refer to your college catalog for loan limits.

Federal Direct PLUS loans
These loans are borrowed by a parent for his or her dependent son or daughter. Refer to your college catalog for loan limits.

Federal Grants

Federal Pell Grant Program
This grant is based on financial need of the applicant. Refer to your college catalog for possible amounts per year.

Federal Supplemental Educational Opportunity Grant
This grant is based on financial need awarded by the institution. Notification is made by the College regarding eligibility. Refer to your college catalog for possible amounts per year.

View catalog for more information.

Funding is also available at the state level and varies by state. For more information about the state funding available in your state, complete the form on the right and we will contact you shortly to discuss the opportunities available to you.

Code of Conduct for Educational Loans

The Higher Education Act (HEA) requires colleges to develop, administer and enforce a code of conduct in governing education loan activities. Such activities are associated to any loan made, insured or guaranteed under the Federal Direct Loan (FDL) program or any other private educational loan. A private loan is not written under the Title IV provisions of the HEA and is issued to a borrower for postsecondary educational expenses, regardless of whether the loan is provided through the institution or from the lender directly to the borrower. All employees of Rasmussen College must comply with this written code of conduct. The policy will be reviewed and updated annually.

Gifts
Any officer, employee or agent of Rasmussen College employed in Student Financial Services or who has responsibilities with respect to educational loans must not solicit or accept ANY gift from a private educational loan lender, servicer or guarantor. A gift is described as a gratuity, favor, discount, entertainment, hospitality, loan or any other item having monetary value of more than a nominal amount (although this amount is undefined in federal law or the ED regulations, Rasmussen College defines this amount as $10). Examples of permissible gifts include, but are not limited to, small office supplies such as pens, notebooks, rulers, calculators and other small office supply items. Employees are exempt from the solicitation rule only if the gifts in question above the limit are also being offered to the general public in a setting such as a conference.

Contributions
Rasmussen College will not accept philanthropic contributions from a lender, lender servicer or guarantor that are related to the educational loans provided by the lender, lender servicer or guarantor to Rasmussen College or that are made in exchange for any advantage related to educational loans.

Advisory Councils/Board of Directors
A Rasmussen College officer, employee or agent who is employed in Student Financial Services or who otherwise has direct responsibilities with respect to educational loans will not serve on or otherwise participate in an advisory council or Board of Directors established by any lender, a group of lenders or a lender’s affiliate. In addition, Rasmussen College will not permit a lender’s or guarantor’s employee or agent to be identified as an employee, representative or agent of the College.

Consulting, Contractual and Revenue Sharing Arrangements
Any officer, employee or agent of Rasmussen College that is employed in Student Financial Services or who has direct responsibilities with respect to educational loans will not accept from any lender or its affiliate any fee, payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to or on behalf of the lender. This includes the opportunity to purchase stock on any venue other than free market terms. In addition, Rasmussen officers, employees or agents will not solicit or accept a fee, revenue or profit sharing or other materials in exchange for Rasmussen College recommending the lender or its products.

Loan Counseling
Rasmussen College may request and accept assistance from a lender or guarantor in conducting in-person entrance and exit loan counseling as long as the staff of the College is in control of the counseling and the lender/guarantor does not promote a specific lender’s products or services. A guarantor may promote benefits under other federal and state programs that the guarantor administers. Rasmussen College may request and use materials, presentation or online loan counseling resources, but the materials must disclose the identity of the entity and must not promote their specific products.

Opportunity Pools and Loan Cost Payment Prohibition
An opportunity pool means an educational loan made by a private lender to a borrower that Rasmussen College guarantees in any manner or that involves Rasmussen directly or indirectly paying points, premiums, payments, additional interest or other financial support to the lender for the purpose of that lender extending credit to the borrower. Rasmussen College will not solicit or accept from any lender any opportunity pool to be used for private educational loans in exchange for concessions or promises to the lender that Rasmussen will deliver a specified number of loans, loan volume or, if applicable, a preferred lender arrangement. In addition, the College will not make interest payments to a federal or private loan lender to lower costs for educational loan borrowers or to prevent default.

Publications
Rasmussen College will not permit a private lender to use the name, emblem, mascot, logo, other words, pictures or symbols readily identified with the College in the marketing of private educational loans to Rasmussen students or parents in a way that implies that Rasmussen College endorses the lender’s private educational loans.

Staffing/Training/Technology
Rasmussen College will not permit a lender or guarantor to staff or train College Student Financial Service offices for any reason or at any time unless the assistance is offered, free of charge, through standard materials, activities, programs, workshops or another venue that is designed to improve the services and professional development of the Rasmussen College staff in relation to administration, financial literacy, debt management, default prevention, educational counseling or other related topics.

Rasmussen College adheres to the National Association of Student Financial Aid Administrator’s Statement of Ethical Principles.

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