Student Loans for Rutgers Students
Anyone who has watched “The Sopranos” knows about Rutgers University. A prominent character attends the school, or he pretends to do so, and the word “Rutgers” seems to prompt nods of admiration each time this particular character names the school he attends.
But Rutgers University is more than a prop on a popular television show. In fact, it’s a world-class institution known for promoting research and delivering academic excellence. However, Rutgers University is also known as a slightly expensive school, particularly for students who don’t live in New Jersey. Student loans for Rutgers students could help to fill the gap.
Need for Student Aid at Rutgers
Rutgers University administrators suggest that the school is reasonably priced, and based on the information available online, that comment seems accurate for students who are residents of New Jersey. Unlike other prestigious schools, which can charge tuition rates comparable to the price of a new car, Rutgers tries to keep costs for residents low, so all students can get the education they need in order to succeed in the workforce.
However, the costs students must bear goes above and beyond the number seen in a tuition bill. Students also have expenses related to:
Students who come from New Jersey may be able to cut their costs by living at home with their parents, but those who come to this school from other, distant locations may have a bit of sticker shock to endure when they’re provided with a bill that includes all of these other fees. In some cases, that bill might be too big for students to pay.
Help From the Rutgers Financial Aid Office
While the bill for tuition, room, board and other necessities might be high for Rutgers students, the school’s website suggests that more than 80 percent of students get some form of financial aid in order to pay for school. Most of these students begin the process by filling out a Free Application for Federal Student Aid (FAFSA). This document is used by officials to determine a student’s eligibility for federal forms of aid, including grants and loans, but the financial information a student provides here can also help officials at Rutgers to come up with a package of scholarships and grants that could cover a student’s fees and expenses.
If that fails, students still have options. For example, some students find that they can pay for school by applying for and receiving loans in the private marketplace. These loans can sometimes come with attractive repayment options and low fees, and that could help some students to pay for the education they need.
Pay for Rutgers University*
|Total Avg. Cost||$26,338|
|Room & Board||$10,816|
|Financial Aid Information|
|Students Receiving Fin Aid||81%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$14,552|
|%Receiving Other Loans||40%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics