The Cost of Attendance (COA) for the 2027–2028 academic year will be published by June 2027. In the meantime, you can review the current Cost of Attendance to estimate your educational and living expenses for your first year.

The Cost of Attendance includes two types of expenses:

• Direct Costs: Expenses billed directly to you by the school, such as tuition and required fees.

• Indirect Costs: Estimated expenses you may have while attending school, such as books and supplies, housing, food, transportation, and other living expenses. These costs are not billed directly by the school.

Funding options for medical education typically include a combination of limited scholarships, federal student loans, and private educational loans. Scholarships and grants can help reduce the overall cost, but they are often competitive and may cover only a portion of tuition and expenses. Federal loans may provide additional support for eligible students, while private loans are another option for students who need supplemental funding and meet the lender’s eligibility requirements.

The 2027-2028 FAFSA is now open! 

Eligibility for federal financial aid is limited to U.S. citizens and eligible non-citizens. Financial aid opportunities for international students can be found here. 

Complete all of the steps below to secure federal loan funding. 

1. Complete the required Free Application for Financial Aid (FAFSA) online (use FAFSA code 002609)
2. Visit studentaid.gov and log in using your FSA ID
3. Click on the Grants and Loans dropdown and
4. Select Master Promissory Note
   1. complete the Subsidized/Unsubsidized Loan MPN 
5. Click on the Grants and Loans dropdown and
   1. Select Loan Entrance Counseling
6. Track your application through Banner Self-Service. You can log-in using your Rowan credentials

In order to receive funds for the start of class and avoid possible late fees, the financial aid application process must be completed prior to the start of classes.

Eligible applicants will receive a Federal Unsubsidized Loan up to $50,000.00.

*Review FAFSA eligibility here. Seek private education loan options here.

💡 Tip: Start building and maintaining good credit now so you’ll have access to the best private education loan options if you need them. We recommend you apply for private education loans in April 2027.

For international students, funding options can be more limited. Many U.S. federal loans and scholarships are only available to U.S. citizens or permanent residents, and some private lenders may require a U.S. citizen or permanent-resident co-signer. International students can also explore international student loan programs and funding opportunities available through their home country.

Please visit the International Students and Financial Aid section on our website for more information.

💡 Tip: We recommend you apply for private education loans in April 2027.

The Admissions Committee may consider incoming students for scholarships during the admissions process. Scholarships may be awarded based on a variety of factors, including financial need and academic achievement. If you are selected for scholarship consideration, the Admissions Office will notify you directly.

For more information about University scholarships for incoming students, please contact somadmissions@rowan.edu.

You can also explore scholarship opportunities through national medical organizations, external organizations, and private sources. Visit our Scholarship page to learn more about available resources and opportunities.

The 2027-2028 FAFSA is now open! 

Eligibility for federal financial aid is limited to U.S. citizens and eligible non-citizens. Financial aid opportunities for international students can be found here. 

Complete all of the steps below to secure federal loan funding. 

1. Complete the required Free Application for Financial Aid (FAFSA) online (use FAFSA code 002609)
2. Visit studentaid.gov and log in using your FSA ID
3. Click on the Grants and Loans dropdown and
4. Select Master Promissory Note
   1. complete the Subsidized/Unsubsidized Loan MPN 
5. Click on the Grants and Loans dropdown and
   1. Select Loan Entrance Counseling
6. Track your application through Banner Self-Service. You can log-in using your Rowan credentials

In order to receive funds for the start of class and avoid possible late fees, the financial aid application process must be completed prior to the start of classes.

Eligible applicants will receive a Federal Unsubsidized Loan up to $50,000.00.

*Review FAFSA eligibility here. Seek private education loan options here.

Federal student loans have aggregate, or lifetime, borrowing limits. This means that any federal loans you have previously borrowed count toward your overall limit.

For medical school, you may be able to borrow up to $50,000 per academic year, with a total aggregate federal loan limit of $200,000 across all graduate and professional programs.

Once you reach the $200,000 aggregate limit, you are no longer eligible to receive additional federal student loans.

💡 Tip: Keep track of how much you’ve already borrowed federally. This will help you plan how much more you can take for medical school. If you reach your maximum aggregate loan limit prior to completing your medical degree, you may borrow private education loans to fund your remaining education. 

If your federal student loans do not cover the full cost of your medical education, you may have other options to help fill the gap up to your Cost of Attendance:

• Explore scholarships and grants. Look for opportunities through national medical organizations, foundations, and private organizations. These funds generally do not need to be repaid. You can begin by checking out our Scholarships web page.

• Consider private education loans. Private lenders may offer additional funding for educational expenses. Eligibility, interest rates, repayment terms, and co-signer requirements vary by lender.

💡 Tip: Start building and maintaining good credit now so you’ll have access to the best private education loan options if you need them. We recommend you apply for private education loans in April 2026.

If you need additional funding to help cover your educational expenses, a private education loan may be an option. Follow the steps below to explore lenders, apply for a loan, and notify the Student Financial Aid Office once your loan has been approved.

1. Compare Private Loan Lenders

Use ELM Select to explore private education loan options from participating lenders. ELM Select allows you to compare lenders and review information about available private education loan products to help you identify options that may meet your needs.

Tip: We recommend applying to 2–3 lenders within the same time frame so you can compare your options. Applying within a short period may also help you evaluate offers based on similar timing and circumstances.

2. Notify the Rowan-Virtua SOM Student Financial Aid Office When Your Loan Is Approved

Once your private education loan has been approved, email the Student Financial Aid Office at stratfinaid@rowan.edu.

Subject: Private Loan Notification

Please include the following information in your email:

• Student Name
• Banner ID
• Lender Name
• Approved Loan Amount
• Health Insurance: Indicate whether you plan to enroll in or waive Rowan University's student health insurance.

Incoming medical students will begin receiving award letters via email in mid-April. 

FAFSA Filers: Allow two weeks from the date of submission to receive your federal loan package on your award letter. If more than two weeks has passed, you may have outstanding requirements. Your aid package and award letter will not generate until all outstanding requirements are complete. 

To review your file for outstanding requirements, make sure you have your Rowan Network credentials set up so you are able to log into Self-Service Banner. Once logged in, click on the Financial Aid tab, Finaid 9x Self-Service to view and complete any outstanding requirements. Be sure to routinely check this section as new requirements may appear. 

You will not have to accept your loan award. If you would like to adjust or cancel your loan amount, simply email stratfinaid@rowan.edu from your University email address with your request prior to the start of the fall term.

Be sure to complete the Entrance Counseling and MPN to complete the loan eligibility process.

Any updates or changes to your aid will be reflected in Self-Service Banner. Click on the Financial tab, FinAid 9x Self-Service.

Financial aid disbursement dates will be updated once the 2027–2028 Cost of Attendance is published. You can find the disbursement dates in the Announcements & Dates to Remember section on our homepage, expected to be updated by June.

When your financial aid is disbursed, it will first be applied to any outstanding charges on your student account. If your account shows a negative balance after your aid has been applied, this means you have a credit balance and are eligible for a refund.

You’ll know your refund has been processed when the negative balance on your student account changes to a zero balance.

Your e-bill will be emailed to your University email account by the Bursar Office about 30 days before your term begins. A negative amount due will result in a refund back to you. The billing due date will be published when you receive your bill.

Additional payment options can be found on the Bursar site.

If you have borrowed the maximum Cost of Attendance for the year, you can anticipate a larger Spring Refund because University billed fees are charged in the Fall only.

Health Insurance will always appear as a charge on your Fall bill. The process to waive or enroll will be emailed to you by Student Affairs by the start of the Fall term.

The Rowan University New Jersey Residency Policy and Eligibility for In-State Tuition policy can be found here.

After reviewing the policy, if you are classified as an out-of-state student and think you meet the criteria to be considered a New Jersey resident for tuition purposes, you may apply for a change in residency.  To apply, you would complete the Residency Analysis Form found at here.

There are additional documents required to be submitted with the Residency Analysis form which are described in Part II of that form.  In order to allow enough time for processing the request it is recommended that the form and all required items be submitted at least five (5) weeks before the start of the semester for which you are seeking a change in tuition. 

Please contact the SOM Registrar at somregistrar@rowan.edu for additional information.