$5,386

Avg. Federal Grant

$5,747

Avg. Federal Loan

$221,461,026

Total Aid Awarded

Rutgers University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$221.461M

Financial Aid Official Website

https://financialaid.rutgers.edu/

Attending Rutgers University may be more affordable than you think. The university offers a wide range of scholarships, grants and loans, which are listed as follows:

Scholarships

All need-based university scholarship funds are awarded on the basis of financial need as determined by information provided on the FAFSA.

The scholarships awarded are as follows:

  • Rutgers-Eagleton Washington Internship Award (One time grant of up to $5,000 for a summer internship in government/public service in Washington, D.C.)
  • Rutgers University September 11th Memorial Scholarship (Full in-state tuition - renewable yearly)
  • Vincent R. Kramer Merit Endowed Scholarship ($1,766 to one student - renewable for 3 additional years)
  • Leroy Davidson Scholarship (Minimum $1,500)

Grants

Like scholarships, grants also do not need to be repaid. At Rutgers, grants are awarded solely on the basis of financial need. To be considered for any Rutgers grants, you will need to complete the FAFSA form. Click here to know about how to fill FAFSA form.

The grants awarded at Rutgers University are as follows:

  • Federal Pell Grants
  • Federal Supplemental Educational Opportunity Grant
  • New Jersey Tuition Aid Grant
  • Educational Opportunity Fund Programs
  • Disadvantaged Student Fund

Loans

  • Federal Direct Loans
  • PLUS Loans
  • Private Loans

Visit our blog to know more about Student Loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

25%

Institution Grant Aid

42%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$5,386

State Grant Aid

$8,000

Institution Grant Aid

$8,166

Pell Grant

$4,976

Over 51% of the student body receives some form of financial assistance at Rutgers University.

Here is a detailed breakdown of the financial aid received by the students at Rutgers University:

  •  Almost 27% of students receive the Federal grant aid of $5,386.
  • Pell grants are received by approximately 27% of students and the amount offered is around $4,976.
  • The State grant aid is received by approximately 25% of the students with a total average amount of $8,000.
  • The institutional grant aid is received by almost 42% of the students with the total average amount of $8,166.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,769

$30,001 - $48,000

$16,206

$48,001 - $75,000

$10,150

$75,001 - $110,000

$3,572

Over $110,000

$1,690

As stated above, the students at Rutgers University receive financial aid based on their contested needs. Below is the consolidated data on how much financial aid a student should expect based on their family income bracket:

Students whose family income is below $30,000 or fall between $30,001 and $48,000 may expect an average aid amount of $17,769 and $16,206 respectively. The average aid for students whose family income is in the bracket of $48,001 and $75,000 may expect an average aid of $10,150.

Higher-income brackets may not avail as much and receive an average of $3,572 and $1,690 for the income brackets of $75,001 to $110,000 and $110,000 plus respectively.

Student Loans for Rutgers University

Average Loan Amount Average Loan Amount received per year.

$8,635/Year

Students Taking Out Loans

50%

Loan Default Rate

N/A

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