by our College Data Analytics TeamThe total cost of attendance at Rutgers University - New Brunswick can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Rutgers New Brunswick.
$14,289.00 is the typical Rutgers University - New Brunswick’s first year financial aid package. Approximately 66% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Rutgers University - New Brunswick you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Rutgers University - New Brunswick.
36% of new students (2660 total) were offered scholarships at Rutgers University - New Brunswick, averaging $7,596.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 33% of first-year students (2420 total) got a federal grant, for about $5,458.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.52% | $17,087.00 |
| Income 30k-48k | 6.81% | $16,840.00 |
| Income 48k-75k | 6.03% | $11,095.00 |
| Income 75k-110k | 3.26% | $3,777.00 |
| Income 110k + | 2.94% | $1,406.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
3501 Rutgers New Brunswick undergrads obtain grant aid (this is about 66% of the entire undergraduate student population). The average amount these students receive is $14,289.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.