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Resident Assistant (RA) Financial Aid

Resident Assistant and Senior Resident Assistant Compensation Overview for 2023-2024 

The RA and SRA compensation model has been updated for the 2023-2024 academic year. The changes were implemented to mitigate the negative impact on financial aid packages for some students. The changes are outlined and explained below. 

Compensation Summary 

  • $9,500 room stipend paid monthly over ten months (September to June - tentative plan) 
  • $1,500 stipend paid monthly over 10 months (September to June) for Resident Assistants 
  • $3,000 stipend paid monthly over 10 months (September to June) for Senior Resident Assistants 
  • Open access meal plan  

Changes in RA and SRA Compensation: 

Room 

  • Instead of room charges not appearing on your student account, you will be charged a discounted room rate ($9,500) 
  • You will receive payments equal to $9,500 that can be used to pay your room charges. The room stipend will be paid before all room charges are posted.
Board 
  • RAs will continue to receive the open access meal plan 
  • This will not appear on your student account.  
Stipend 
  • RAs will continue to receive a $1,500 taxable stipend paid monthly over a ten-month period (September to June) 
  • Senior RAs will continue to receive a $3,000 taxable stipend paid monthly over a ten-month period (September to June) 

Financial Aid Considerations

  • Financial aid awards are based on estimated expenses, including housing and meals.  
  • RAs will be charged for housing on their student account.  Financial aid posted to the account may apply toward this expense.  In addition, RAs will earn a $9,500 room stipend, to be paid separately.  These funds are considered taxable income and may be used to cover the housing charge.
  • RAs will receive a meal plan free of charge.  Accordingly, the financial aid budget and award eligibility will not include a meal component.  This may result in a reduction to your overall aid award as compared to the prior year.