Loans Available to Graduate Students


Loans Available to Graduate Students

Federal Direct Stafford Loan Programs

Unsubsidized Loan

All matriculated students enrolled at least half-time may receive a Federal Unsubsidized Stafford Loan regardless of family income. The student will have to pay all interest charges while they are attending the University and until the loan is fully repaid.

Please click here for the current interest rate.

Graduate PLUS Loan

Eligible, matriculated graduate students who are enrolled at least half-time (4.5 credits) and making satisfactory academic progress may borrow up to the cost of education from the federal government. The applying student must be a citizen or eligible non-citizen of the United States and pass a financial credit check. The PLUS loan, when added to other financial aid and/or resources, may not exceed the total cost of education for that academic year.

A graduate student may complete a Grad PLUS Loan Application each year at

Follow the instructions on the following link: 

How to Complete a Graduate PLUS Application

Alternative/Private Loans

Rowan University does not maintain a preferred lender list for private alternative education loans, nor are we able to recommend specific lenders. However, over the last several years, our students and parents have used the lenders found on the list provided in the link below to meet their education loan borrowing needs. Using ELMSelect, a service provided by ELM Resources, students and parents can compare and contrast the terms and conditions of each loan option and select a private education loan that best suits their financial circumstances. Students are not limited to the lenders appearing on the ELMSelect list and may choose any lender that best suits their educational borrowing needs.

This list is provided as a convenience as the choice of a lender always rests with the borrower. The Financial Aid Office will process private loans through any lender selected by a student, even if not listed here. Students have the right and are welcome to borrow with any private lender of their choosing and are encouraged to perform their own due diligence in seeking a private loan lender. In addition to this list, we suggest that you research federal credit unions (if you are a member) as many offer educational alternative loans products. 

ELM Select Private/ Alternative Loan Lenders

Additionally the State offers NJCLASS loans, visit:


For information about repaying your federal student loans, visit: