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Financial Aid

Consumer Information
Campus Crime Log

How Aid is Distributed and Disbursed to Students
Student Rights and Responsibilities
How and When will Financial Aid be Disbursed?
Terms and Conditions of FWS Employment
How do I obtain my GED?
Policy on Returning Funds to Title IV
Satisfactory Academic Progress
Graduation Rates
Employment Rates

The National Center for Education Statistics collects, analyzes and reports data on American educational institutions, including Rosedale Bible College. To view a wide range of consumer information about RBC or other colleges, visit the College Navigator site. It is a free tool.


How Aid is Distributed and Disbursed to Students

Weber and Associates Inc. is RBC’s third party services provider for Title IV funding. They are responsible for drawing down Title IV funds from the U.S. Department of Education into RBC’s account. After they notify RBC’s financial aid office of the fund transfers, RBC’s accountant then transfers the money into the student’s RBC account. Each student completes a Virtual Financial Aid Office interview with Weber and Associates Inc. during the financial aid process.



Student Rights and Responsibilities

Rights

  1. You have the right to know what financial aid programs are available at your school.
  2. You have the right to know the deadlines for submitting applications for each of the financial aid programs available.
  3. You have the right to know how financial aid will be distributed, how decisions on that distribution are made, and the basis for these decisions.
  4. You have the right to know how your financial need was determined. This includes how costs for tuition and fees, room and board, travel, books and supplies, personal, and miscellaneous expenses, etc., are considered in your budget.
  5. You have the right to know what resources (such as parental contribution, other financial aid, your assets, etc.) were considered in the calculation of your need.
  6. You have the right to know how much of your financial need as determined by the institution has been met.
  7. You have the right to request an explanation of the various programs in your student aid package.
  8. You have the right to know your school’s refund policy.


Responsibilities

  1. You must complete all application forms accurately and submit them on time to the right place.
  2. You must provide correct information. In most instances, misreporting information on financial aid application forms is a violation of law and may be considered a criminal offense which could result in indictment under the U.S. Criminal Code.
  3. You must return all additional documentation, verification, corrections, and/or new information requested by either the financial aid office or the agency to which you submitted your application.
  4. You are responsible for reading and understanding all forms that you are asked to sign and for keeping copies of them.
  5. You must accept responsibility for all agreements that you sign.
  6. You must perform the work agreed upon in accepting a university employment award.

Students and/or parents of dependant students are encouraged to contact the Financial Aid Office if they have any questions regarding “Student Right to Know” information or other questions related to financial Aid.



How and When will Financial Aid be Disbursed?

Financial aid will be disbursed after the satisfactory completion of all required applications, and, if required, the verification process. Generally, aid will be disbursed to students within a few days after the class drop/add period. Financial aid will be posted to the students account and can be accessed through the business office.



Terms and Conditions of FWS Employment

Each year the business office hires Federal Work Study (FWS) eligible students for a variety of jobs on campus. Terms, conditions, job descriptions and wage amounts are available from the business office upon request. An application for a campus job is available online or upon request from the business office.



How do I obtain my GED?

Students who have not graduated from high school are not eligible to receive Title IV funds. RBC does not offer a GED program on campus but will assist interested students in finding a local venue where that test can be taken. Please contact the financial aid office if you need assistance in completing the GED test.



Policy on Returning Funds to Title IV

When a student withdraws from the college the financial aid office will determine how much federal aid the student has earned and how much they will need to return based on the policies in the Federal Student Aid Handbook.

When a student reaches the 60% point in a period of enrollment the student has earned 100% of the Federal Aid for that period. If a student withdraws prior to the 60% point the RBC’s financial aid office will work with Weber & Associates to determine the amount of aid that a student must return.



Satisfactory Academic Progress

In order for a student to receive Title IV, Ohio, or Rosedale Bible College financial aid, a student must demonstrate satisfactory academic progress towards graduation as determined by Rosedale Bible College. Rosedale Bible College’s standard meets or exceeds the minimal requirement set forth by the Dept. of Education and the Ohio Board of Regents. In order for a student to receive Title IV and Ohio funds they must:

  • Maintain a cumulative GPA of 2.00 or higher.*
  • Be enrolled in the two-year associate degree program.
  • A student is eligible for title IV aid for 150% of the required credit hours for any program.
  • At any given point 67% of a student’s attempted credit hours must be within their program of study in order to maintain Satisfactory Academic Progress (SAP).

* If a student’s cumulative grade point average (CGPA) falls below 2.00 they will be placed on academic probation. Once on academic probation, a student may receive Title IV, Ohio, and Rosedale Bible College financial aid for an additional 12 credit hours. If after completing 12 credit hours the student is still not making SAP he or she will no longer be eligible to receive financial aid funds. If a student who has lost eligibility achieves a CGPA of 2.00 or higher they will once again be eligible for Title IV, Ohio, and Rosedale Bible College financial aid funds.

Any student who is denied title IV funds due to the lack of SAP may appeal in writing, detailing any mitigating circumstances, to the financial aid administrator. This letter will be reviewed by the financial aid committee and they will provide a written response to the student detailing their final decision.



Graduation Rates

The "Student Right to Know" graduation rate and other statistics related to graduation and retention at RBC can be found at the College Navigator site.



Employment Rates

Rosedale Bible College provides an associate degree program which is liberal rather than vocational. Many of our students go on to earn degrees which credential them for employment. The dean’s office conducts annual surveys of students who have transferred to other colleges. The average response over the last four years to the question of how well alumni believe RBC prepared them for further study was 8.1 on a 10-point Likert scale.

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