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Graduate Student Loans

The Federal Stafford Student Loan

Through the Federal Stafford Loan program matriculated graduate students enrolled at least half-time may borrow up to $20,500 per year. Students apply by completing the Free Application for Federal Student Aid (FAFSA), indicating that they are willing to accept financial aid in the form of a loan. There are two types of Federal Stafford Loans:

1. Subsidized: If the student demonstrates need based on the Student Aid Report, the federal government will pay the interest charge while the student is enrolled at least half-time. A Federal Subsidized Stafford loan cannot exceed $8,500 per year. These are 6% fixed interest loans.
   
   
2. Unsubsidized: All matriculated students enrolled on at least a half-time basis may receive a Federal Unsubsidized Stafford Loan regardless of family income. However, the student will have to pay all interest charges until the loan is fully repaid. These are 6.8% fixed interest loans.

NOTE: Request for student loans must be received at least 30 days prior to the last day of class of the semester for which the loan is requested.

Federal PLUS Loan for Graduate Students

Graduate and professional students that borrow the maximum from the Federal Stafford Loan but need more money to pay for educational expenses may borrow from a PLUS loan. Repayment of a PLUS loan begins 60 days after disbursement. Plus loans carry a fixed interest rate of 7.9% Click here to download an application.

Federal Graduate PLUS loans can be deferred. For more information please visit our Graduate Student Frequently Asked Questions page.

Rowan University Student Loan Home Page

Visit our Loan Home Page for information on Alternative Loans, Links to our preferred lenders, US Department of Education Promissory Note site etc.

NOTE: Request for educational loans must be received at least 30 days prior to the last day of class of the semester for which the loan is requested.

For Additional Information on graduate scholarships, assistanships, etc. visit the Graduate School