5 minute read

A Guide to Financial Aid & Scholarships for Rutgers Students

Grants, Student Loans, & Fellowships

It would be great if every college student could afford the costs of higher education. In all actuality, most college students, at some point, require financial assistance. And that is why financial aid options are available to Rutgers students.
The Office of Financial Aid at Rutgers is available to work with students through the financial aid process. It doesn’t matter whether it is a first-time student or a transfer student, there are financial aid options for every qualifying student. International students, however, are not eligible for financial aid.

Some Rutgers financial aid options include grants, scholarships, loans, and work-study programs. Grants are gift aid for students with financial need. Scholarships are typically awarded based on academic achievements, athletic talent, or other outstanding accomplishment. Loans are money to help students temporarily. Loans have to be repaid. Types of loans include federal, state, university, and private lenders. Work-study programs allow students to earn money to help pay for college expenses. Students who qualify for work-study jobs can accept positions in fields of interest on-campus. That way, Rutgers students gain valuable work experience and a paycheck.

Grants Available for Rutgers Students

Paying for college can be overwhelming. At Rutgers, qualifying students can receive gift aid as a way to help pay for college expenses. Federal and state grants are some options for students. All students are required to fill out and submit a Free Application for Federal Student Aid (FAFSA) to be considered.

Federal and state grants for Rutgers students include:

Federal Pell Grant—awarded to undergraduates with high financial need. Amount awarded ranges from $400 – $4310.
Federal Supplemental Educational Opportunity Award (FSEOG)—awarded to undergraduates with exceptional financial need. Amount awarded ranges from $100 – $2,000.
Academic Competitiveness Grant (ACG)—awarded to freshmen or sophomores who receive a Pell Grant in the same award year. Awarded $750 in the first year; $1,300 in the second year.
National SMART Grant—awarded to students in their junior or senior year who receive a Pell Grant. Amount awarded is up to $4,000 each year.
New Jersey Tuition Assistance Program (TAP)—eligible students must be New Jersey residents enrolled in college full-time. This grant is awarded to students with a high financial need. Amount awarded ranges from $1,676 – $7,922.
New Jersey Educational Opportunity Grant—awarded to undergraduate and graduate students who come from educationally disadvantaged backgrounds. The undergraduate award ranges from $1,150 – $1,400 per year; graduate students are awarded up to $2,850 per year. All awards are based on college costs and student’s financial need.

Scholarships for Rutgers Students

Rutgers offers a variety of scholarships as another financial aid option. Scholarship awards vary and are typically based on merit and availability of funds.

Rutgers scholarships are as follows:

Presidential Scholarship—this is the most prestigious award for undergraduate students. First-year students in the top 5% of their high school are eligible. Award amount is $21,400 per year for up to four years. An additional $9,900 credit is awarded for on-campus housing and dining. Students who opt to live off-campus receive a credit of $1,100 instead.

National Merit Scholarship—awards $1,000 per year for up to four years, if renewed; in-state and out-of-state students are eligible.

James Dickson Carr Scholarship—this scholarship honors the first African-American Rutgers graduate. Recipient must submit an essay and application to be considered.

September 11 Memorial Scholarship—this scholarship is for dependent children of New Jersey residents killed during the tragedy on September 11, 2001. This scholarship covers the cost of in-state tuition and can be renewed for up to three additional years.

Legacy Scholarship—first-year students are eligible if any of their descendants graduated from Rutgers in 1940, 1941, 1949, 1979, or 1980. Award amounts vary.

Transfer student scholarships include:

Phi Theta Kappa Scholarships —this is a renewable scholarship awarded to members of Phi Theta Kappa Honor Society. Award amount is $8,000 per year. Applicants must be New Jersey residents attending school full-time who hold an associate’s degree.

New Jersey Stars II —is awarded to students with a good academic record and annual family income less than $250,000. Recipients are awarded up to $3,000 per semester for up to four semesters. FAFSA is required for consideration.

Francis B. & Paige D. L’Hommedieu Scholarships—this scholarship can be renewed for one additional year. Applicants must be New Jersey residents, full-time students, and hold an associate’s degree in arts or science to be considered. Award amount is $3,500 per year.

Other scholarships:
New Jersey Garden State Scholarship Program—administers two scholarships: Edward J. Bloustein Distinguished Scholars Program—which is offered to outstanding high school students in New Jersey, without regard to financial need; annual award is $930; and, the Urban Scholars Program—which recognizes outstanding academic abilities of students in New Jersey’s urban and economically distressed regions, with no regard to financial need. Annual amount awarded is $930.

Dana Christmas Scholarship for Heroism—this is a non-renewable scholarship for up to $10,000. Undergraduate or graduate students are eligible.

Rutgers students enrolling in graduate school should inquire about fellowships and assistantships. These merit-based aid options vary by department, and typically pay for tuition and other educational costs. Assistantships also require working as graduate assistants within the department. Graduate students must complete a FAFSA to be considered for either program.

Loans for Rutgers Students

At Rutgers, undergraduate and graduate students may require supplemental funds to afford college. Rutgers loans are a great option. Loan options include: Federal Direct Subsidized Loan, and the Federal Perkins Loan. Neither of these loans accrues interest while the student is still enrolled in college. There is the Federal Direct Unsubsidized Loan and the Federal Direct Parent Loan for Undergraduate Students (PLUS). Private loans are another option.

Key Points to Remember about Rutgers Financial Aid

  • Work with the Office of Financial Aid for all your financial aid needs. Don’t be afraid to ask questions and inquire about all options available to you. Their official website is http://studentaid.rutgers.edu/
  • If you are a transfer student, there are scholarship options for you. These include the New Jersey Stars II or the L’Hommedieu Scholarships. Be sure to look into all options and any other scholarships the university offers.

Additional topics

Financial-Aid Articles