Financial Aid
RETS College is committed to helping you find ways to put our academic programs within your financial reach!
Financing your education may seem like an overwhelming task. The RETS College Financial Aid Staff is here to help! The first step in the process is to setup an appointment with the financial aid department through your RETS College admissions representative: (937) 433-3410 or 1-800-837-7387.
The only way to tell if you're eligible to receive aid is to apply. Many factors are taken into account when awarding aid, and everyone who needs financial assistance to attend school should apply. Currently, more than 80 percent of RETS students receive some form of financial assistance.
Financial Aid - Questions
For additional questions call Andrea Sanders at (937) 433-3410.
How do I apply for a loan?
Before the federal loan eligibility can be determined you must complete a free Application for Federal Student Aid (FAFSA). The forms can be obtained from the RETS College financial aid office. For more information on FAFSA, please go to: http://www.fafsa.ed.gov/
What is a PLUS loan?
The Federal Direct Parent Loan for Undergraduate Students (PLUS) is not on financial need and is limited to a parent borrower for a dependent student. A parent is currently defined as a persons natural or adoptive mother or father, step-parent, or legal guardian. The annual limit is equal to the students cost of attendance, minus any other financial aid the student is receiving. Parents are required to pass a credit check. The interest is variable, adjusted each year on July 1st, but will not exceed 9 percent. Interested parents should contact the RETS College financial aid department for further details.
What is a Perkins loan?
A Federal Perkins Loan is a fixed rate, low-interest loan awarded on the basis of financial need. The borrower is not charged an origination fee.
Difference between Subsidized and Unsubsidized Loan?
A Subsidized Student Loan is awarded is awarded on the basis of the students financial need and other specific eligibility requirements. The federal government does not charge interest on the loans while borrowers are enrolled at least part-time, during a six-month grace period, or during authorized periods of deferment. An Unsibsidized Student Loan is not based on the students financial need, but students must also meet specific eligibility requirements. Interest is charged throughout the life of the loan. The borrower may choose to pay the interest charged on the loan or allow the interest to be capitalized (added to the loan principal).
What is a grant?
Unlike loans, grants do not have to be repaid. Grants are usually awarded to students with the fewest financial resources and are considered need-based aid. This need is determined by the federal government when you fill out the Free Application of Federal Student Aid (FAFSA). Grants usuall come from federal and state lgovernments and are sent directly to the school.
What is a PELL grant?
Federal Pell Grants are awarded to undergraduate students working toward their first degree. Your actual award depends on: -The number of credits for which you register. - Whether you are a full time student or part-time student. - Whether you attend school for a full academic year or less.
What is the Ohio Instructional Grant (OIG)?
The Ohio Instructional Grant Program (OIG) provides need-based tuition assistance to full-time undergraduate students from low and moderate income families. This program is intended to expand access to higher education by bringing the cost of college within reach of more Ohio families. Awards are based on family income with consideration given to the number of dependents in the family. Benefits are restricted to the students instructional and general fee.
Who is eligible?
Recipients must be Ohio residents who are in a degree granting program. If you are a dependent, your parents must be Ohio residents also.