Federal Aid
The FAFSA determines your eligibility for all federal financial aid.
If you do not yet receive federal aid, you will need to go to the website listed above to complete an application, or visit your university financial aid office.
Rutgers students receiving aid: you can apply it to a Global PACT program. It is important to add a Summer term to your FAFSA so that you may receive more aid for the additional costs to you. Then contact your financial aid office to check your amount of aid and ensure that all documentation has been completed.
The Rutgers Financial Aid Office (New Brunswick)
Address: 620 George Street
Office Hours: 8:30 am-5:00 pm, Monday-Friday
Telephone: (732) 932-7057
Fax: (732) 932-7385
Email: finaidnb@rci.rutgers.edu
Website: http://www.studentaid.rutgers.edu
- for information on all of the federal aid programs that you could be eligible for, click here http://studentaid.rutgers.edu/typesofaid.asp
Note: Students are usually discouraged when they are offered primarily loans, and while this is an individual decision we want you to keep in mind that this really is the 'opportunity of a lifetime' and something that could very well be worth taking out a loan for.
Non-Rutgers students receiving aid: you should contact your institution’s financial aid office since there is a possibility that not all of the aid will transfer to the program. You must inform the Rutgers Study Abroad of the aid that will apply to the program, and you must forward the necessary documentation as soon as possible.
Award Types: http://studentaid.ed.gov/students/attachments/funding/PerkinsLoanInfo.pdf
Pell Grants: unlike typical need-based awards, the Pell Grant does not require repayment. The Pell Grant is reserved for students with the most financial need, but it does not run out and there is no state or school deadline.
Supplemental Education Opportunity Grants (SEOG): the student’s college selects recipients and decides the amount of each award. Eligibility is based on extreme financial need with first priority given to Pell Grant recipients.
Perkins Loans are offered by participating schools to full- or part-time undergraduate students who demonstrate the greatest financial need. Recipients repay the university for the loan.
Stafford Loans are available to eligible students enrolled at a participating post-secondary school on an at least half-time basis. The post-secondary institution certifies the student’s eligibility for the loan. The student is allowed a grace period (usually six months) after leaving school or dropping below half-time enrollment before repayment begins. Repayment of the loan is scheduled over a maximum 10-year period.
PLUS Loans: http://www.parentplusloan.com/. The Federal PLUS loan is available to an eligible parent of a dependent undergraduate student attending a participating post-secondary school on at least a half-time basis. This program is also available to graduate students, as the GradPLUS program. The parent may borrow up to the cost of education minus any financial assistance that the dependent student is expected to receive. A PLUS loan borrower must be creditworthy or must obtain a creditworthy endorser on the loan. The parent borrower is responsible for paying to the lender the interest that accrues on the loan from the time the loan is disbursed until it is paid in full, over a maximum of 10 years.
