Student Loans for University of Rochester Students
About University of Rochester
Dubbed a “new Ivy”, the University of Rochester is a private research institution located in the picturesque city of Rochester, New York. The university offers more than 200 academic majors to undergraduate and graduate students who benefit from both a low student teacher ratio and extensive research facilities. The Institute of Optics and the Laboratory for Laser Energetic (the second most powerful laser in the world) are an excellent testament to the opportunities that students have at this university. Apart from academics, the university also boasts a vibrant and proud athletics history, as various teams compete at the National level.
About Rochester Financial Aid
Education costs at a top notch institution are expensive; with this in mind, the University of Rochester financial aid office offers various merit and need-based aid packages so that students can fund their education. To apply for Rochester financial aid, students must fill out the FAFSA and submit it along with relevant documents. The form can also be accessed on the internet at fafsa.ed.gov.
The colleges of sciences, engineering and arts all award merit-based scholarships to its students and there is no separate application procedure. These scholarships range from $5,000 to full tuition and are subject to performance reviews.
Rochester financial aid offers need-based aid to deserving students in the form of grants, loans, scholarships and work opportunities. Some of the grant programs that the students may obtain include the Federal Pell Grant, the FSEOG, the New York State Tuition Aid Program (TAP), HEOP Grants and State Grants.
Federal loans and work-study programs are also an option that students may explore.
Private loans and University of Rochester
Like the majority of institutions, Rochester University recognizes private student loans as a valid source of funding, as these loans may provide you with some much needed relief when other options are not viable. There are plenty of private lenders out there, so the Comparison Tool at our website will help you compare different loan options in a user-friendly manner, allowing you to find the loan package that suits you best.
Estimating the cost of attendance is one of the most important steps for students when applying for University of Rochester financial aid, and to do so, students must include a number of expenses: tuition fees, room & board expenses, books & supplies, transportation costs, and personal expenses. The current rates for all of the above mentioned costs are available on the University of Rochester website.
Is there an income cutoff point when applying for Rochester financial aid?
There is no particular income cutoff point when applying for Rochester financial aid. All applications are considered individually so that aspects such as assets, family size, and number of kids in college are all considered. You should fill out the FAFSA form so that the correct amount of your financial need may be determined.
Pay for University of Rochester*
|Total Avg. Cost||$54,730|
|Room & Board||$11,640|
|Financial Aid Information|
|Students Receiving Fin Aid||93%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,645|
|%Receiving Other Loans||5%|
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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
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