Financial Planning
The funding of a La Roche University education is the primary responsibility of the student (and parent(s) of dependent students). Resources are available to assist the student in meeting costs of higher education from the federal and state governments, La Roche University, and outside resources. It is the student’s responsibility to file the Free Application for Federal Student Aid (FAFSA) yearly for consideration of the various financial aid programs.
The Financial Aid Office provides students with education, counseling and resources to help manage the financial aspects of their educational goals. Various combinations of employment, grants, loans, and scholarships may be used to add to funds already available to cover the total cost of a college education. Students should carefully consider the costs of attending college and should apply for financial assistance if the costs exceed the available resources.
How Financial Aid is Determined
Filing the FAFSA allows the federal government to calculate the Student Aid Index (SAI). The Office of Financial Aid will use the SAI to develop a financial aid package, based upon the student’s need and available resources. Need is determined by subtracting the SAI from the Total Cost of Attendance (tuition, fees, housing, meals, books, personal, and commuting expenses).
The financial aid package specifies the types and amounts of assistance, including non-federal aid for which a student is eligible to receive to cover his or her education-related expenses. Government and University funds are limited and the amount awarded to a student may not meet all financial need.
All awards are subject to revision. Factors affecting a student’s eligibility include changes in residence status or enrollment, and adjustments as a result of revisions to the FAFSA and/or the verification process. If an adjustment of an award is made, the student will be notified and advised to access their financial aid information through the My Financial Aid student portal.
Financial Aid Application Process
Complete the FAFSA online at www.studentaid.gov as soon as possible after October 1. La Roche University’s Federal School Code is 003987. For state grant consideration, students must submit the FAFSA and the appropriate state grant applications by the published deadlines of their home state agencies. (Pennsylvania residents must file the FAFSA by May 1 for State grant consideration). After the FAFSA has been processed and the FAFSA Submission Summary is received, the Office of Financial Aid will provide a notice of eligibility with instructions for how to view the financial aid information via the My Financial Aid student portal provided verification has been finalized (if applicable).
Verification Policy
Federal Student Aid requires that some applications be reviewed for accuracy through a process called verification. If a student is selected for this process, it will be specified on the FAFSA Submission Summary that is sent to the student from the federal processor. The student will also be notified by the university on the My Financial Aid student portal, and through the mail or by email. If selected for the verification process the student will be required to turn in additional documentation. The student's financial aid file will not be considered complete and ready for verifying until all missing eligibility information has been received and processed. The student will not receive aid notification until verification is completed. This process can take from one to four weeks depending upon how quickly the student submits accurate and complete information and documents. Failure to provide the documents will delay the awarding of the student’s financial aid.
Type of Financial Aid
Grants and scholarships are considered gift aid; students are not required to repay the funds received. Need-based grants are based on financial need as determined by the FAFSA.
Loans, typically offered at lower interest rates, are to be repaid by students and/or parent(s) usually after they complete their program of study or separate from the University.
Employment opportunities are offered to students to help them meet their educational costs.
Federal Financial Aid Programs:
Students who are U.S. Citizens or have permanent residence status in the United States are eligible to apply for assistance under various federal financial aid programs. Eligible students must complete and submit the Free Application for Federal Student Aid (FAFSA) to be considered for all of the following federal programs:
Federal Pell Grant. Federal Pell Grants are usually awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree. A Federal Pell Grant is determined by need. Students must file the FAFSA annually to be considered. More detailed information about the Federal Pell Grant Program, as well as all of the other federal student aid programs referenced below, can be found at www.studentaid.gov.
Federal Supplemental Educational Opportunity Grant (FSEOG). SEOG amounts are based on financial need. Students who already have a bachelor’s degree are not eligible. Early filing of a FAFSA is essential. Preference is given to students who are Pell grant eligible.
Federal Work-Study (FWS). FWS is a need-based program that allows students to earn money to use toward their personal or educational expenses. Work-study dollars are paid directly to the student like a paycheck and are not credited toward the student’s bills. Funds are limited.
Federal Direct Subsidized Loan. Actual amount depends on financial need. The Federal Government pays the interest while the student is in school. The interest rate for subsidized and unsubsidized Direct Loans is set by federal law and subject to changes every July 1. A chart showing current and historic interest rates can be found on the U.S. Department of Education website (www.studentaid.gov).
Federal Direct Unsubsidized Loan. Awarded in addition to the Federal Subsidized Direct Loan or to those who do not qualify for the Subsidized Loan based on level of demonstrated need. The student is responsible for the interest due on a quarterly basis while enrolled in school.
Federal Direct Parent Loan for Undergraduate Students (PLUS). Federal Direct PLUS loans are available to parents of dependent undergraduate students. Interest rates are set by federal law and are subject to change every July 1. Generally, monthly interest and principal payments begin within 60 days after the second disbursement.
State of Pennsylvania:
PA State Grant (PHEAA). Grants are awarded on the basis of need, which is determined by filing the FAFSA and the Pennsylvania Higher Education Assistance Agency (PHEAA). Recipients must be residents of Pennsylvania, which is determined by filing the FAFSA. Students who have previously earned a bachelor’s degree are ineligible. Detailed information about all state grant programs can be found at http://www.pheaa.org. The deadline to file the FAFSA for consideration of the PA State Grant is May 1.
PHEAA randomly selects applications for income validation and will email the student using the email address provided on the FAFSA to request the required documentation. The student must mail the additional documentation directly to the PHEAA State Grant Division in Harrisburg, PA. Failure to submit this additional documentation will delay state grant awards.
Chafee Education and Training Grant (Chafee ETG) Program. This federally funded program offers grants to Pennsylvania undergraduate students aging out of foster care who are attending an eligible postsecondary institution.
PA Fostering Independence Tuition Waiver (FosterEd) Program. The FosterEd Program provides a waiver for tuition and mandatory fees charged by most post-secondary institutions located in the Commonwealth for youth who are or were in foster care. The application is combined for Chafee ETG and FosterEd and more information about eligibility can be found on the application.
La Roche University:
Scholarship funds available at La Roche University are awarded on the basis of academic achievement (merit-based) and/or financial need (need-based). Students are considered for need-based scholarships if they have a Free Application for Federal Student Aid (FAFSA) on file by April 1. Applications can be filed after the deadline but will be processed according to the date received and may reduce the student’s eligibility for aid resources.
Alternative Loans (Private Lenders):
Alternative loans are designed to assist students and their families who need additional educational financing. Loan approval is based on credit worthiness and ability to pay. Lenders have specific guidelines for their programs, and some allow students to borrow funds to cover past due balances.
Satisfactory Academic Progress
In order to qualify for Federal financial aid (Federal Pell Grant, Federal SEOG, Federal Work-Study, Federal Direct Subsidized Loan, Federal Direct Unsubsidized Loan, Federal Direct PLUS Loan and Federal Direct GradPLUS Loan), a student must maintain satisfactory academic progress as established by the University in accordance with federal guidelines. All academic work, regardless of whether the student received financial aid, will be included in this calculation.
Undergraduate Satisfactory Academic Progress Definition
Satisfactory academic progress for Undergraduate financial aid recipients is defined as follows:
- Successful completion of 67% of all credits attempted;
- A minimum 2.00 Cumulative Grade Point Average (C.G.P.A.) must be obtained;
- Maximum Time Frame is established as 150% of the time needed to complete an undergraduate degree or certificate program at La Roche University.
- Courses may be repeated only once to be counted toward making satisfactory academic progress. Students will not receive financial aid for courses attempted more than twice.
- “W,” “I,” “NC,” and “F” grades will count as credits attempted with zero credits earned.
- Passed grades “P” and “P+” will count as credits attempted and earned toward grade level progression but will not count in the G.P.A.
- Remedial courses will count as credits attempted or earned, but they will not be included in the GPA calculation.
- Transfer credits will count as courses earned toward grade level progression but will not count in the G.P.A.
- La Roche Experience (LRX) classes will count as credits attempted and earned and will count toward grade level progress.
Satisfactory academic progress is checked at the end of each semester.
- Students who do not meet the definition of satisfactory academic progress according to the above definition are placed on Financial Aid Warning status and will receive financial aid for one additional semester.
- If the student meets the definition of satisfactory academic progress at the end of the warning status semester, the warning status will be removed and the student may continue to receive financial aid.
- If the student does not meet the definition of satisfactory academic progress at the end of the warning status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
- Students who feel they have extenuating circumstances may appeal the suspension of financial aid in writing and clearly outline the special or unusual circumstances which contributed toward their lack of progress using the appeal form that will be enclosed with their suspension letter. Supporting documentation must be submitted along with the appeal form.
- If the student’s appeal is approved, the student will be place on Financial Aid Probation status and will receive financial aid for one final semester.
- If the student meets the definition of satisfactory academic progress at the end of the probation status semester, the probation status will be removed and the student may continue to receive financial aid.
- If the student does not meet the definition of satisfactory academic progress at the end of the probation status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
Graduate Satisfactory Academic Progress Definition
Satisfactory academic progress for Graduate financial aid recipients is defined as follows:
- Successful completion of 75% of all credits attempted;
- A minimum 3.00 Cumulative Grade Point Average (C.G.P.A.) must be obtained.
- Maximum Time Frame is established as 150% of the time needed to complete a graduate degree or certificate program at La Roche University.
- Courses may be repeated only once to be counted toward making satisfactory academic progress. Students will not receive financial aid for courses attempted more than twice.
- "W,” “I,” and “F” grades will be calculated as credits attempted with zero credits earned.
Satisfactory academic progress is checked at the end of each semester.
- Students who do not meet the definition of satisfactory academic progress according to the above definition are placed on Financial Aid Warning status and will receive financial aid for one additional semester.
- If the student meets the definition of satisfactory academic progress at the end of the warning status semester, the warning status will be removed and the student may continue to receive financial aid.
- If the student does not meet the definition of satisfactory academic progress at the end of the warning status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
- Students who feel they have extenuating circumstances may appeal the suspension of financial aid in writing and clearly outline the special or unusual circumstances which contributed toward their lack of progress using the appeal form that will be enclosed with their suspension letter. Supporting documentation must be submitted along with the appeal form.
- If the student’s appeal is approved, the student will be placed on Financial Aid Probation status and will receive financial aid for one final semester.
- If the student meets the definition of satisfactory academic progress at the end of the probation status semester, the probation status will be removed and the student may continue to receive financial aid.
- If the student does not meet the definition of satisfactory academic progress at the end of the probation status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
Return of Federal Student Aid (Title IV) Funds Policy
A Return to Title IV (R2T4) calculation is required when a student does not attend all of the days the student was scheduled to complete within a payment period or period of enrollment. This policy applies to all students who officially withdraw, unofficially withdraw, or are administratively dismissed while receiving Title IV aid. The R2T4 calculation is done to determine the amount of Title IV aid earned by the student.
The students affected by this policy are determined according to the following definitions listed below:
An official withdrawal occurs when a student provides written or electronic notice to the Registrar or completes the university’s withdrawal process. In such cases, the withdrawal date is the date the student begins the withdrawal process or notifies the institution of intent to withdraw.
An unofficial withdrawal occurs when a student ceases enrollment without notification and fails to earn a passing grade in all courses for the term. Because La Roche University does not take attendance after the census date, the withdrawal date for these students is the respective term midpoint, unless faculty can document a later academically related activity, such as an exam, paper submission, or project participation, as required by 34 CFR 668.22(c)(3)[1].
When a student who receives a disbursement of Title IV funds then ceases attendance prior to the 60 percent point in the payment period, La Roche University will determine whether the student must repay a portion of the disbursement. A statutory prorated schedule will be used to determine the percentage of Title IV funds the student has earned at the time of withdrawal. Federal Work Study funds are excluded from the calculation.
If a student withdraws after completing more than 60 percent of the semester/term, all Title IV aid is considered earned and the student does not owe a repayment. However, withdrawing may affect a student’s satisfactory academic progress and eligibility for future financial aid.
Modular (Subterms) Courses and Return to Title IV
A student who withdraws from a subterm course (1st 8 weeks or 2nd 8 weeks) within the semester is considered to be withdrawn, even if registered for future classes starting in the same semester, unless one of the following criteria is met:
- The student, at the time of withdrawal from a subterm class, is attending another class.
- The student has successfully completed course work in 49 percent of the countable days within the semester. Calculations cannot be rounded up to achieve 49 percent.
- The student has successfully completed courses that constitute half-time (6 credit hours) enrollment in the semester.
- The student provides documentation to the college indicating the intent to attend a future class within that semester.
If none of these criteria are met, the student is considered withdrawn and an R2T4 calculation must be completed. If the student provides documentation but doesn’t actually attend that future class, an R2T4 calculation is still required.
Return to Title IV Calculation
1. La Roche University calculates the percentage of Title IV aid earned based on a student’s attendance through the determined withdrawal date. The institution identifies the total number of calendar days completed in the payment period and the total number of days the student was scheduled to complete in that period. The percentage completed is determined by dividing the days attended by the days scheduled. To calculate the amount of aid earned, this percentage is multiplied by the total Title IV aid for which the student is eligible. When determining the length of the payment period or period of enrollment, scheduled breaks of five consecutive days or more are excluded from both the total term length and the student’s attendance period, provided the student’s last date of attendance occurs after the break.
2. The institution will then determine the total institutional charges (tuition, fees, and books and supplies charged at the bookstore) and multiply the total institutional charges by the percentage determined in step 1 above in order to calculate the earned charges.
Note that eligibility for a post-withdrawal disbursement (PWD) will be confirmed within 30 calendar days of the date that the student withdrew. The student or parent will have 14 calendar days from the date that La Roche University sent the PWD notification to accept a PWD. If a response is not received from the student or parent within the allowed time frame or the student declines the funds, La Roche University will return any earned funds that the school is holding to the Title IV programs.
In accordance with federal regulations, when Title IV financial aid is involved, the calculated amount of R2T4 funds is returned in the following order:
- Federal Direct Unsubsidized Loan Program;
- Federal Direct Subsidized Loan Program;
- Federal Direct Graduate PLUS Loan Program;
- Federal Direct Parent PLUS Loan Program;
- Federal Pell Grants;
- Iraq and Afghanistan Service Grant (IASG);
- Federal Supplemental Educational Opportunity Grant (FSEOG) Program; and,
- Federal TEACH Grants.
Students are encouraged to officially withdraw to ensure accurate processing of their financial aid. Students remain responsible for any outstanding tuition, fees, or balances that result from the return of Title IV funds. The institution, in turn, is responsible for monitoring grade records to identify unofficial withdrawals, documenting withdrawal dates and R2T4 calculations, and ensuring timely communication and compliance with federal timelines. La Roche University maintains all records of withdrawal determinations and R2T4 calculations for audit and program review purposes.
Note, effective January 1, 2026, the regulations—outlined in the January 3, 2025, Federal Register—amend §?668.22(a)(2)(ii)(A)(6) to provide an exemption from the Return of Title IV Funds calculation when the following conditions are satisfied:
- The student is treated as never having begun attendance for Title IV purposes.
- The institution returns all Title IV, HEA assistance disbursed to the student for that payment period or period of enrollment.
- The institution refunds all institutional charges to the student for that period.
- The institution writes off or cancels any balance owed by the student due to the return of funds.
[1] An institution that is not required to take attendance may use as the student's withdrawal date a student's last date of attendance at an academically-related activity provided that the institution documents that the activity is academically related and documents the student's attendance at the activity.