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Financial Aid

The Student Financial Aid Office works with students to help them secure funding needed to finance a graduate education and also promote responsible borrowing habits. Information in this section will help you get a quick look at how affordable a Rowan-Virtua School of Translational Biomedical Engineering and Sciences degree can be. Additional information and how to contact the Financial Aid office can be found on the Rowan Stratford Campus Student Financial Aid website.

Please note: All Translational Biomedical Engineering and Sciences programs are eligible for financial aid (federal financial aid and/or private education loans). While Ph.D. students are eligible to apply for financial aid, additional funding beyond the stipend and tuition waiver may not be needed. For further information contact the Stratford Campus Student Financial Aid Office.

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Your Education - Made Possible

Financial aid is generally provided by or through federal and state agencies, foundations, corporations, and the University. Grants are regarded as "gift" assistance and need not be repaid, although they may carry certain provisions. Loans that are offered can be repaid over an extended period after the student graduates. Where aid is offered in the form of a work study job, the student is paid an hourly rate for work actually performed. Please confirm with the financial aid office if you are eligible for Federal Work-Study.

Financial aid at the graduate/professional school level is based upon enrollment. Aid is awarded on the basis of "financial need" as determined by federal guidelines. The University expects that students and their families will contribute to the fullest of their ability to meet educational expenses. Students who feel that they will be in need of assistance should request information and applications from the Stratford Campus Student Financial Aid Office as soon as accepted for admission.

Submit your FAFSA

Financial Aid Programs

Free Application for Federal Student Aid (FAFSA)

School Code: 002609

Students are encouraged to apply for financial aid as soon as the application becomes available each year. Financial aid awards are made after class registration has occured. This allows the Student Financial Aid Office to confirm enrollment status and construct the applicants cost of attendance. Students who have applied and qualified for aid must maintain Satisfactory Academic Progress as one of the conditions to maintain eligibility for federal funding. Another important eligibility requirement to keep in mind is that students must be enrolled at least half time. For Translational Biomedical Engineering and Sciences programs, half time is five (5) credits, while full time is nine (9) credits. Contact the Stratford Campus Student Financial Aid Office for more information about applying for, and receiving financial aid.

Announcements and Important Dates

Do you have questions or need help exploring your options? Schedule an in-person or phone consultation today! Schedule an appointment!

 

On May 10, 2023, the Treasury Department held a 10-year Treasury note auction that resulted in a high yield of 3.448%. The chart below shows the interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2023 and before July 1, 2024.

Loan Type Interest Rate

Direct Unsubsidized Loans for Graduate and Professional Students

 7.05%

Direct PLUS Loans for Graduate or Professional Students

 8.05% 

 

Financial Aid - Simplified

Applying for financial aid can seem like a daunting process, but if you follow these simple steps, you’ll be a pro in no time!

  1. Complete the required Free Application for Financial Aid (FAFSA) online (use FAFSA code 002609)
    Additional FAFSA questions? We can help!
  2. Visit studentaid.gov and log in using your FSA ID
    1. Click on the Complete Aid Process tab and
      1. Under Complete a Master Promissory Note, complete the Subsidized/Unsubsidized Loan MPN
      2. Complete Entrance Counseling
  3. Submit Supplemental Financial Aid Forms (If requested - see below)
  4. Track your application through Banner Self-Service. You can log-in using your Rowan credentials.

In order to receive funds for the start of class and avoid possible late fees, the financial aid application process must be completed prior to the start of classes.

 

You can receive the additional funding through either a private educational loan, or through the Federal Direct Graduate PLUS loan.

 

How to Apply for the Direct Graduate PLUS Loan

  1. Sign into www.studentaid.gov
  2. Click on the Apply for Aid tab
  3. Click on Apply for a Grad PLUS Loan.  Select ROWAN UNIVERSITY under “School and Loan Information”.
  4. If you are not automatically directed to complete the Grad PLUS Loan Master Promissory Note (MPN), click on the Complete Aid Process tab and under Complete a Master Promissory Note, complete the Grad PLUS MPN.
  5. Click on your profile name and select “Documents”. Under “My Correspondence” select PLUS Correspondence. 
  6. Email the PLUS Correspondence letter to the Student Financial Aid Office at StratFinAid@rowan.edu.  State the amount you are requesting to borrow in your correspondence.