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. 

If you will be matriculating on June 8, 2026 and your loans disburse to your student billing account prior to July 1, 2026:

• Direct Unsubsidized Loan:
  You can borrow up to $44,944 for the academic year by completing the FAFSA. This loan is offered by the federal government and doesn’t require a credit check. The 2026-2027 Direct Unsubsidized Loan fixed interest rate is 8.07%.

If your Direct Unsubsidized Loan award does not cover all of your costs, you cany apply for a federal Graduate PLUS loan on studentaid.gov, or a private education loan through a bank, credit union, or other private lender.  

• Graduate PLUS Loan: A federal student loan available to graduate and professional students to help cover educational expenses not met by other financial aid. Eligibility is based on a credit check, though requirements are generally less strict than private loans. The 2026-2027 Graduate PLUS Loan fixed interest rate is 9.07%.
• Private Education Loan: A private education loan is money borrowed from a bank, credit union, or private lender to help pay for college expenses when federal financial aid is not enough. Unlike federal student loans, private loans are based on credit history, so some students may need a cosigner to qualify or receive a lower interest rate. Terms, repayment options, and interest rates vary by lender, so it is important to compare options carefully before borrowing.

💡 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.

To learn more about the Introduction to Medical School Course, contact Stephanie Dearden, Associate Director for Center for Student Success, at dearden@rowan.edu.

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. 

If you will be matriculating on July 20, 2026:

• Direct Unsubsidized Loan:
  You can borrow up to $50,000 for the academic year by completing the FAFSA. This loan is offered by the federal government and doesn’t require a credit check. The 2026-2027 Direct Unsubsidized Loan fixed interest rate is 8.07%.

If your Direct Unsubsidized Loan award does not cover all of your costs, you cany apply for a federal a private education loan through a bank, credit union, or other private lender. 

• Private Education Loan: A private education loan is money borrowed from a bank, credit union, or private lender to help pay for college expenses when federal financial aid is not enough. Unlike federal student loans, private loans are based on credit history, so some students may need a cosigner to qualify or receive a lower interest rate. Terms, repayment options, and interest rates vary by lender, so it is important to compare options carefully before borrowing.

💡 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.

Federal student loans have aggregate (lifetime) borrowing limits, which include all federal loans you have previously borrowed.

• Students starting on or after July 1, 2026, may borrow up to $50,000 per academic year for medical school, with a total aggregate federal loan limit of $200,000 across all graduate and professional programs.
• Students who begin their program before July 1, 2026, and receive a federal loan disbursement prior to that date may remain eligible under the legacy federal loan rules for up to three academic years, or the remainder of their program length, whichever is less. Under these legacy provisions, professional students may continue to access the current Direct Unsubsidized aggregate loan limit of $224,000 and may remain eligible for Graduate PLUS Loans up to the cost of attendance. 

  Beginning in the 2029–2030 academic year, the legacy exception will expire. At that point, students will be considered new borrowers and may borrow up to $200,000 in Federal Direct Unsubsidized Loans for medical school, with private/alternative loans serving as the only additional credit-based borrowing option.

💡 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. 

The 2026-2027 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. 

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 alternative loan options here.

You can receive the additional funding through a private educational loan.  

💡 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 completed the Free Application for Federal Student Aid (FAFSA) and received your FAFSA submission summary, you will receive your interactive financial aid award letter via the email you entered on the FAFSA beginning in April.

Allow two weeks from the date of submission to receive 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.

Loan disbursement dates will be updated when the 2026-2027 Cost of Attendance is published by June under the Announcements & Dates to Remember section on our home page. All aid will be applied to any outstanding charges first. If you see a negative balance on your student account, that means you have a credit balance and a refund will be issued to you. You will know that your refund has been generated when the negative credit balance goes to a zero balance.

The Admissions Committee may consider awarding scholarships to incoming students during the admissions cycle. Scholarships may be awarded based on a variety of criteria, including financial need and academic excellence. Students considered for a scholarship will be notified by the Admissions Office.

You may consider applying for scholarships from national medical organizations, external and private  resources. Visit our Scholarship page for more information.

For additional information about scholarships, please contact somadmissions@rowan.edu.

The 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.

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.