Decoding Roosevelt University Costs: Tuition, Fees, and Financial Aid

Roosevelt University, a medium-sized private institution in Chicago, Illinois, is committed to making education accessible. Understanding the costs associated with attending, including tuition, fees, and available financial aid options like scholarships and loans, is crucial for prospective students and their families.

Understanding the Cost of Attendance

The "Cost of Attendance" is the total amount of money the average student has to pay, without any financial aid, to attend Roosevelt University. Consider it the "sticker price." This figure includes tuition and fees, books and supplies, personal expenses, and transportation.

Tuition and Fees

Roosevelt University's tuition is $21,280. Compared with the national average cost of tuition of $47,097, Roosevelt University is cheaper. These figures include both tuition and fees. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers.

Other Costs

Beyond tuition, students should budget for:

Books and Supplies: Approximately $1,200 per year.
Personal Expenses: Around $4,400 per year.
Transportation: Estimated at $1,100 per year.

Demystifying the Net Price

The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies.

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The average net price is $21,503 per year.

Scholarships and Grants: Funding That Doesn't Need Repaying

Scholarships and grants are forms of aid which do not require repayment and are awarded based upon a student's academic abilities and financial need. Roosevelt considers all new students for scholarships at the time of admission. These scholarship awards are granted based upon your previous academic record, or in some programs your interview or audition. Additional endowed scholarships are awarded on a competitive-basis each year.

Types of Grants

Pell Grant: A federal grant based on financial need. For 2024-2025, full-time awards ranges from $740 to a maximum award of $7,395. Pell Grant eligibility is limited to the equivalent of 12 full-time semesters.
Supplemental Educational Opportunity Grant (SEOG): A federal need-based grant for families with a -1500 Student Aid Index (SAI). The maximum award is $1,000. Funds are limited.
TEACH Grant: The federal Teacher Education Assistance for College and Higher Education (TEACH) Grant provides up to $4,000 per year to undergraduate and graduate students who are completing or plan to complete course work needed to begin a career in teaching.
MAP Grant: MAP grants are based on need and are funded by the State of Illinois. You are automatically considered for it when you complete the FAFSA before the state cut-off date. MAP regulations require you to enroll for 15 credit hours per semester to receive the full award. If you enroll part time or for only part of the academic year, your award will be prorated according to ISAC rules. The award is restricted to tuition and mandatory fees.
Retention of Illinois Students & Equity (RISE) Act: The Retention of Illinois Students & Equity (RISE) Act allows eligible undocumented students to apply for all forms of state financial aid. The Alternative Application for Illinois Financial Aid provides a pathway for these qualified students to apply for Monetary Award Program (MAP) grants, the state's largest need-based grant program for low-income college students.

Private Outside Scholarships

Students are encouraged to seek assistance from outside resources. Students receiving aid are required to report all outside assistance to Financial Aid Services. The receipt of outside assistance, (e.g., private scholarships, employer tuition reimbursement, vouchers, private loans, high school awards, etc.) may require an adjustment to the original aid offered when the additional assistance provides the student with total funds in excess of calculated federal eligibility.

Students receiving outside sources of assistance are advised to notify the Office of Financial Aid Services of their awards. Student aid, including outside resources, may not exceed the student’s cost of attendance. Therefore, if a student has been awarded aid by the Office of Financial Aid Services and receives an outside award, an adjustment to the original award letter may be necessary. The scholarship will only be applied for tuition and fees unless the agency/company or foundation states otherwise.

If a student’s private scholarship check is sent to the University, it will be directly applied to their University student account, one half in the fall term and one half in the spring term, unless otherwise specified by the scholarship sponsor. Payments are usually processed within two weeks.

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If the scholarship check is sent directly to the student, but it is made out to the University, submit the check to Financial Aid Services for processing. If the scholarship check is sent directly to the student and it is made co-payable to him/her and the University, endorse the check and submit it to Office of Financial Aid Services. If the check is sent to the student and made payable to the student, it is his/her responsibility to report this resource to Financial Aid Services and to apply any funds necessary to your University student account.

Loans: Investing in Your Future

Education loans are a form of aid borrowed from either the government or a private lender to finance expenses directly related to the cost of attending college. The loan must be repaid and is subject to the terms and conditions determined by the lender. Students are encouraged to carefully consider all loan options before borrowing.

Federal Direct Loans

Federal loans are part of the financial aid awarded to students who successfully submit the FAFSA (Free Application for Federal Student Aid). Department of Education: (1) Subsidized/the government pays the interest accrued while the student is enrolled, and (2) Unsubsidized/the student is responsible for the interest as soon as the loan is disbursed to the school where the student is enrolled. Department of Education.

Federal Direct Loan borrowers are charged a fee that is a percentage of the total loan amount. The fee is deducted proportionately from each loan disbursement. The current fee for the undergraduate subsidized and unsubsidized loans is 1.057%.

Students who ‘accept’ the federal loan(s) must complete the following online requirements at studentaid.gov:

Loan Counseling/Entrance - You must indicate Roosevelt University as the school you are attending. Loan Counseling/Entrance is an online tutorial that describes the Federal Direct Loan program and processes, discusses financial literacy including budgeting and managing finances, and introduces repayment information.
Master Promissory Note - the Master Promissory Note is valid for 10 years from the date it is completed. Department of Education detailing that the student understands the federal loans must be repaid. The Master Promissory Note describes the federal loan program and processes, including disclosures that will be sent to you about your federal loan each semester. The Master Promissory Note provides complete details about loan eligibility, eligible loan amounts, loan interest rates and fees, and borrower rights and responsibilities. Information regarding your loan will be submitted to the National Student Loan Data System and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

Eligible academic year federal direct loan amounts are based on the following annual federal limits:

Grade Level	Dependent Students	Independent Students
Freshmen (0-29 hours earned)includes Paralegal Studies	$5,500 annually No more than $3,500 may be subsidized	$9,500 annually No more than $3,500 may be subsidized
Sophomores (30-59 hours earned)includes Paralegal Studies	$6,500 annually No more than $4,500 may be subsidized	$10,500 annually No more than $4,500 may be subsidized
Juniors and Seniors (60+ hours earned)includes Paralegal Studies	$7,500 annually No more than $5,500 may be subsidized	$12,500 annually No more than $5,500 may be subsidized
Graduate	Not applicable	$20,500
Doctoralincludes Pharmacy and Psychology	**Not applicable	Up to cost of attendance

Federal Direct PLUS Loans

Federal Direct PLUS Loans are available to the parents of dependent undergraduate students and to graduate/doctoral level students. For the 2024-2025 award year, the interest rate for the Direct Parent PLUS Loan and Direct Graduate PLUS Loan is 9.08%.

Federal Direct PLUS Loan borrowers are charged a fee that is a percentage of the total loan amount. The fee is deducted proportionately from each loan disbursement. The current federal loan fee applied to the Federal Parent PLUS Loan and the Direct Graduate PLUS Loan is 4.228%.

Private Education Loans

Private Education Loans are obtained by student and/or parent application directly to the lender. Private loans are designed to assist students and their families to meet the cost of attendance not met by other types of financial aid or personal resources. Before you apply for a private loan, Roosevelt University recommends researching all federal forms of aid, including PLUS loans, as they may be more favorable to borrow. A private loan can be awarded up to the cost of attendance minus any other financial aid you have already received. Loan approval is generally based on credit worthiness and ability to repay.

Students are encouraged to compare loan offers from multiple lenders to get the best terms available to them as interest rates and fees may vary. You can compare private loans from multiple lenders using either of the following options:

ElmSelect displays a neutral list (in random order) of private lenders that Roosevelt students have borrowed during the previous aid year.
Credible enables students and parents to compare unbiased, personalized and prequalified rates with no hidden fees and no impact on their credit.

Paying for Graduate Studies

Tuition rates for graduate programs vary by college and program. Here's a breakdown:

College of Humanities, Education and Social Sciences

MFA in Creative Writing: $950 per credit hour
MA in General Psychology: $1,100 per credit hour
MA in Clinical Psychology Counseling Practice: $1,150 per credit hour
Teacher Preparation Programs: $695 per credit hour
South Cook Teach Residency Program: $551 per credit hour
Online Language and Leadership Programs (Initial Term Fall 2025): $695 per credit hour
Online Language and Leadership Programs (Initial term Summer 2025 and Prior): $474 per credit hour

College of Science, Health & Pharmacy

Computer Science & Cybersecurity: $995 per credit hour
Biotechnology: $1,250 per credit hour
Health Informatics: $1,250 per credit hour
MS Data Science: $1,250 per credit hour
MS Bioinformatics and Computational Biology: $1,250 per credit hour
MS Integrated Biomedical Science (research based thesis): $1,250 per credit hour
MA Biomedical Sciences (bridge to professional schools): $1,350 per credit hour
Counseling Programs: $1,450 per credit hour

Heller College of Business

Integrated Marketing Communications: $1,050 per credit hour
Hospitality and Tourism Management: $1,050 per credit hour
Organizational Development: $1,050 per credit hour
Training & Development: $1,050 per credit hour
MS in Accounting - STEM: $1,250 per credit hour
MS Business Analytics STEM: $1,250 per credit hour
MS Financial Risk Management STEM: $1,250 per credit hour

Chicago College of Performing Arts

MA Performing Arts Administration: $1,763 per credit hour
MA Theatre Directing Fast Track Program: $1,424 per credit hour
Opera - Voice & Piano/Professional Diploma: $952 per credit hour
Suzuki Pedagogy/Professional Diploma: $600 per credit hour

Doctoral Programs

Part Time, per Credit Hour (1-8 credits per semester):
- College of Humanities, Education and Social Sciences PsyD Doctorate in Clinical Psychology, PsyD: $1,700
- College of Science, Health & Pharmacy: PharmD (Cohorts entering summer of 2024 and summer of 2025): $1,530
- College of Science, Health & Pharmacy: PharmD (Cohorts entering summer of 2023 and prior): $1,530
Full Time, per Academic Year (9 or more credits per semester):
- College of Humanities, Education and Social Sciences PsyD Doctorate in Clinical Psychology, PsyD: $30,045 - Credit hours over 12 are charged at the part-time per credit hour rate
- College of Science, Health & Pharmacy: PharmD (Cohorts entering summer of 2024 and summer of 2025): $45,000 - Each Pharmacy cohort will be capped at a flat rate once full-time status is achieved. (Hours may vary by cohort)
- College of Science, Health & Pharmacy: PharmD (Cohorts entering summer of 2023 and prior): $51,920 - Each Pharmacy cohort will be capped at a flat rate once full-time status is achieved.

Important Considerations for Graduate Students

In certain graduate programs, it is recommended that a maximum of nine credit hours be taken in any single semester. In some programs, no more than nine credits may be taken in any single semester. Please consult an advisor regarding your program of study.
A graduate student is considered full-time at 6 semester hours, is not eligible for a CTA Ventra U-Pass, and may be eligible for federal financial aid.
A doctoral student is considered full-time at 6 semester hours, is eligible for a CTA Ventra U-Pass, and may be eligible for federal financial aid. The flat-rate tuition rate does not apply until 9 semester hours.

Additional Fees

Student Activity Fee: For full-time undergraduate students, the Student Activity Fee is included in tuition.
Student Health Fee: The student health fee is a non-refundable fee that is applied to all student accounts each semester.
CTA Ventra U-Pass: Non-refundable fee applied to all full-time Chicago Campus students regardless of usage.

Financial Aid Application and Deadlines

The Financial Aid Application Due date is Not available. Applications received prior to the Priority Application Due date Not available will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.

Notification Date Not available. When students receive a letter with the amount and types of aid the college is offering.

Response Due Not available. The deadline for students to respond to the college’s aid offer.

Managing Loan Repayment

All students who borrow federal loans are required by law to complete Loan Counseling/Exit. Exit counseling discussed details about loan repayment and borrower rights and responsibilities. Repayment of your federal loans is a financial obligation.

Exit counseling is required for the following reasons:

Student graduates/completes an RU degree program. This applies whether or not the student intends to continue on to another degree program.
Student is no longer enrolled at least half-time according to the current grade level. For example, half-time for an undergraduate student is six credit hours. For examples, half-time for a doctoral student is three credit hours.
Student is no longer enrolled. All courses have been dropped or the student did not enroll for an active term.

Code of Conduct for Education Loans

The Higher Education Opportunity Act of 2008 (HEOA) requires that institutions participating in the federal student loan programs develop, publish and enforce a code of conduct with respect to students loans.

Roosevelt University is committed to the highest standard of ethics and conduct and therefore, the staff of Financial Aid Services is bound by the institution's Code of Conduct and Ethics for Business Activities, which requires each individual to comply with legal and regulatory requirements, policies and procedures that apply to his or her particular duties. The institution and its employees are banned from any revenue sharing arrangements with lenders.

No employees of Financial Aid Services and those employees who have responsibilities with respect to education loans shall solicit or accept any gift from a lender, guarantor, or servicer of education loans.

Financial Aid Statistics

Students Receiving Financial Aid: 80.21%
Freshmen With Need and Received Financial Aid: 87.65%
Average Aid Packages Awarded: $31,500
Average Need-Based Scholarship or Grant Award: $9,000
Need-Based Loan Amount: $7,000

Resources for Further Information

Financial Aid Office Phone Number: Not available
College Board's BigFuture College Profiles: College profiles are based primarily on information supplied by the colleges themselves through participation in College Board's BigFuture College Profiles higher education data collection portal, with some data provided via federal and state agencies.

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