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Financial Aid FAQ

Your money, your questions - answered

We know that even after you've read through all of the financial aid pages, you may still have lots of questions. Have no fear, because we have lots of answers!

At this time, all funds under the CARES Act have been distributed.  This program is now closed.

Yes. If you are experiencing financial difficulty, it is highly recommended you schedule an appointment with a counselor.

All of our supplemental forms, such as Change of Address and Request for Additional Aid are available here

Student budgets are prepared using current Department of Education guidelines, which consists of tuition, fees, cost of required books and supplies, room and board (based upon a shared dwelling), transportation, and personal expenses. In general, tuition, fees, and books come from your school’s Student Affairs office. Room and board costs are constructed using Bureau of Labor Statistics data for specific geographical regions. This is supplemented with data from surveys sent to our student body.

Entrance and Exit Interviews are integral pieces of the Financial Aid Process. All first-time borrowers must complete Entrance Counseling, which advises you of your rights and responsibilities for the loan you are assuming. Exit Counseling provides valuable information on how to prepare for and repay your student loans. The University will contact students to schedule an Exit Interview before leaving the institution. For more information on completing online federal Entrance and Exit Counseling, click here.

Along with the federal exit program, individuals who borrow funds while in attendance at the Rowan University School of Osteopathic Medicine are required to attend a half-day exit program. This program is built into your academic calendar, typically the third Tuesday in March of your graduating year.

View the RowanSOM Academic Calendar

In some cases, yes, you can use excess Title IV funds to pay for non-academic expenses, such as parking or library fees. An explanation of the benefit, as well as an authorization form, can be found here.

Deferment forms are processed by the Registrar of your respective school.

Students are required to be matriculated in a program of study at least half-time for the period in which they seek financial assistance. Please refer to your school’s enrollment policy.

You are eligible to receive federal financial aid if you are enrolled in a GSBS Certificate program.

You are ineligible to receive federal aid as a non-matriculated student. Check out our list of the most used private lenders here.

Students who have room in their budgets can request additional funds by completing the Request for Additional Financial Aid form. The form is available here.

Subtract your total financial aid award from your Cost of Attendance. Your individual budget figures along with your financial aid award can be obtained by logging into Rowan Self Service. Follow the prompts to Financial Aid. Click on Cost of Attendance for the appropriate academic year.

Yes. Students must submit award changes by using this form.

Complete the Financial Aid Change of Address form. NOTE, this form only applies only to Financial Aid.

A student must be a citizen or eligible non-citizen to receive aid from the Federal Student Aid programs. Students should review their school’s catalog for more specific information regarding citizenship requirements. If you have questions regarding eligibility, please reach out to our office at 856-566-6008 or

RowanSOM default rate for 2014 is 5.8, for 2015 it is 4.7, for 2016 it is 5.6 and for 2017, it is 5.4. All below the national average

The 3-year cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. The FY 2017 official cohort default rates were delivered by the Department of Education to both domestic and foreign schools on September 28, 2020, and includes the data for FY2015, FY2016 and FY2017. FY2014 is included on this chart to meet the requirements of the COCA Standard 11.3.3.

Rowan University's 3-year cohort default rate:

  • 2014 - 5.8%
  • 2015 - 4.7%
  • 2016 - 5.6%
  • 2017 - 5.4%

Have a question you don't see answered above? Please take a moment to contact us and we'll see if we can help you achieve your academic dream: or 856-566-6008

Total Estimated Cost of Your Medical Education

We can provide you with an estimated figure to help you better plan your finances

There are many tools available to calculate what your annual direct and indirect costs may be. The following data reflects student educational debt awarded while in attendance at the Rowan University School of Osteopathic Medicine. The figures reflect principle debt, which does not include accrued interest.

Class of 2021

Mean Debt

Number of Borrowers
133  Borrowers

Range of Borrowing
$21,361 - $388,222

Class of 2020

Mean Debt

Number of Borrowers
138 Borrowers

Range of Borrowing
$1,299 - $454,512

Class of 2019

Mean Debt

Number of Borrowers
129 Borrowers

Range of Borrowing
$21,361 - $434,648

Class of 2018

Mean Debt

Number of Borrowers
112 Borrowers

Range of Borrowing
$8,258 - $362,093