The first step is to complete your 2025-2026 FAFSA that will open in December 2024. Don't worry! We will remind you when you can apply and will provide you all of the steps you need to complete your file. Eligible applicants will receive a Federal Unsubsidized Loan for $42,722.00.

*Review FAFSA eligibility here. Seek alternative loan options here.

If you need additional funding to pay any outstanding balances and/or for living expenses, you may apply for the Federal Direct Graduate Plus Loan. The application for the 2025-2026 Graduate PLUS Loan will open April. Please note you are permitted to borrow up to your Cost of Attendance. The Cost of Attendance for the 2025-2026 academic year will be updated in June 2024.  In the meantime, use the current one as an estimate.

New students tend to ask “how do we accept the loans?” Quick answer… you don’t! The unsubsidized loan is automatically awarded based on your completion of the FAFSA. You will NOT be prompted to accept the loan.

Note: Entrance Counseling and MPN are required for loan disbursement. If you want to cancel or reduce your loan, you must email stratfinaid@rowan.edu and request the adjustment.

If you completed a FAFSA, an award letter will be emailed to the email address entered on your FAFSA application by mid-May. Any updates or changes to your aid will be reflected in Self-Service Banner. Click on the Financial tab, FinAid 9x Self-Service.

If you have outstanding verification documents or requirements your aid package will not populate until this is complete. Make sure you have your Rowan Network credentials set-up, so you are able to log into Self-Service Banner and check your Rowan email regularly. Outstanding requirements are emailed and posted in Banner.

Your loans are automatically awarded on your account and will be split in half for the Fall and Spring term. Loan disbursement dates will be updated when the 2025-2026 Cost of Attendance is published in June under the Announcements & Dates to remember. All aid will be applied to any outstanding charges first.

Your e-bill will be emailed to you by the Bursar Office in June. 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.