$4,811

Avg. Federal Grant

$5,527

Avg. Federal Loan

$44,327,031

Total Aid Awarded

Rowan University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$44.327M

Financial Aid Official Website

https://sites.rowan.edu/financial-aid/

Investing in your own education at Rowan University (RU), New Jersey is a sure-fire way of securing your own future and guaranteeing success in finding your passion in your pursuit of a career. With the accreditation bestowed upon the university by the Commission on Higher Education, Rowan University ensures quality education for students. This, however, can come at a great cost understandably. The university doesn’t shy away from offering students financial aid that may help them alleviate some of their financial pressures. You may take a look at some of the aids they provide below.

Scholarships

The Rowan University offers various types of scholarships:

  • Rowan University Scholars Program: This scholarship is awarded to students with excellent merit records. The award amount is determined by Rowan University’s Division of Student Affairs based on the overall academic qualifications of the student.

  • CMSRU Institutional Scholarships: Cooper Medical School of Rowan University (CMSRU) provides all eligible students financial support based on financial need. Students who submit their FAFSA forms with the correct details are considered eligible for this scholarship. CMSRU Scholarship Committee keeps students posted with the details of the scholarship and guides them accordingly.

For more details regarding the university's scholarships, please visit Rowan University Scholarships.

Grants

Federal Grants

  • Pell Grants: The grant amount is decided according to the course enrolled and the number of credits associated with that course. The amount may go up to $6,195. Students should apply for this grant by submitting their FAFSA forms. In order to be eligible, the student must be either a U.S. citizen, or a permanent resident.

  • Supplemental Educational Opportunity Grant (SEOG): Priority is given to students who have previously received a Pell Grant. This is usually awarded to students who have depleted their previously received aids. Grant awards may range between $100 and $4,000.

State Grant

  • Tuition Aid Grant (TAG): This Grant is provided to undergraduate students who live in New Jersey and have financial need. The amount of grant depends on the financial need, cost of attendance, and available funding for this grant.

  • Educational Opportunity Fund Grant (EOF): This grant provides financial assistance to students living in New Jersey and are coming from economically weak backgrounds and want to study further. Students need to participate in the Educational Opportunity Fund to get eligible for this grant.

If you'd like to know more about the grants the university offers, please visit Rowan University Grants.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

28%

Institution Grant Aid

40%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,811

State Grant Aid

$6,234

Institution Grant Aid

$6,106

Pell Grant

$4,712

By determining the students’ financial performance through their FAFSA submissions and reviews, Rowan University makes sure every one of their students get the financial help they need by providing multiple opportunities for financial support. Right down below, you may see how the university distributes their financial aid accordingly.

  • Total aid awarded by the University comes up to  $44,327,031 and the percentage of students who receive the aid is about 43%.

  • Federal Grant average aid is $4,811, with the percentage of students receiving it standing at 33%.

  • Pell Grant average aid is $4,712 and the percentage of students receiving it is 33%.

  • 28% of students receive State Grants that contain an average aid of $6,234.

  • Institution Grant average aid worth an average of $6,106 is received by 40% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,988

$30,001 - $48,000

$11,962

$48,001 - $75,000

$5,475

$75,001 - $110,000

$463

Over $110,000

N/A

The average federal aid in Rowan University is calculated according to the family income bracket of the student. These aids keep on changing as per the decided income bracket. 

For the income bracket which is between $0-30,000 the aid amount is the highest which is $13,988. Aid amount decreases with an increase in the income bracket. For incomes between $30,001 to 48,000, the amount comes up to $11,962. For an income range of $48,001 to 75,000 the aid provided is $5,475. When the income range increases the aid amount decreases to $463. When the range becomes $110,000 and more the aid amount reaches zero.

Student Loans for Rowan University

Average Loan Amount Average Loan Amount received per year.

$6,586/Year

Students Taking Out Loans

61%

Loan Default Rate

5.6%

The student loan is a kind of financial aid which has to be paid within a stipulated time. The Average loan a student receives from Rowan University is $6,586 with a loan default rate of 5.6%. Around 61% of Rowan University students opt for a student loan. 

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