Types of Financial Aid

Types of Financial Aid

Types of Financial Aid

Our office can help you reach your educational goals by offering various ways to pay for college. Completing a FAFSA application is the first step to helping us determine your eligibility for the various state and federal programs. You may be eligible for a variety of aid including student loans, federal grants, state grants, scholarships and work-study.

Quick Overview of Financial Aid Programs

The chart below is intended to serve as a quick visual overview of some of the most common forms of financial aid available at Rowan University. Eligibility for each type of financial aid is based on your FAFSA and meeting other eligibility requirements. 

Aid Type Level Special Considerations
Federal Loans Undergraduate, Graduate, Certificates* Subsidized loans only available to undergraduate students. Subject to grade-level and lifetime loan limits.
Federal Pell Grant Undergraduate Based on your EFC (Expected Family Contribution), only available to qualifying students for their first bachelor's degree.
Tuition Aid Grant Undergraduate Based on your eligibilty through HESAA. Eligible students must be pursuing their first bachelor's degree, enroll in 12 credits each semester and be a New Jersey resident. 
Educational Opportunity Fund (EOF) Undergraduate Must be accepted into Rowan's EOF program at the time of admission and be eligible per HESAA's income requirements. 
Federal Work-Study Undergraduate, Graduate, Certificates* Funding is limited, you must work to earn any funds awarded to you. 
Institutional Scholarships Undergraduate, Graduate Offered at the time of admission through the Office of Admissions.
Rowan Opportunity Program Undergraduate Available to new, first-time freshmen students who meet the program income requirements. 
Garden State Guarantee Undergraduate Available to current and transfer junior & seniors who meet the program requirements for earned credits and adjusted gross income.

 *Not all certificate programs are eligible for federal financial aid, click here for additional information. 


There are several types of loans available to students and their families who need funding to pay for their college education. We encourage all students and families to consider which options meet their individual needs, however we recommend federal loan options are considered first since the typically have lower interest rates than other private/alternative loan products.


Grants are a form of financial aid that a student does not repay. By completing a FAFSA, a student is considered for the Pell grant. Residents of New Jersey may also qualify for the New Jersey Tuition Aid Grant (TAG)


Rowan University participates in the Department of Education's Federal Work Study Program (FWS). Students who wish to participate in this program must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov

This program provides jobs both on and off campus for students who indicate a desire to participate in the Work Study program on their FAFSA and show "financial need." Many student worker positions provide skills and experience which will assist students in their career development.


While the Office of Financial Aid does not directly offer/award any scholarships, our office is notified of Rowan scholarship recipients and is responsible for posting the funds to student accounts. The Financial Aid Office does not have discretionary funding to award students who request additional aid. If you are looking for scholarships, our website has resources which may be helpful in directing you to the correct department to provide you with more information.

Deferred Payment Plan

A deferred payment plan allows students to pay their total bill in installments. There is a small enrollment fee and interest is not charged on the balance.

Military Services Office

Veterans Benefits can be a significant help in paying for a college education. This type of aid is managed by the Military Services Office.