$4,727

Avg. Federal Grant

$5,685

Avg. Federal Loan

$10,544,483

Total Aid Awarded

Rowan College at Gloucester County (RCGC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$10.544M

Financial Aid Official Website

www.rcgc.edu/FinancialAid/Pages/default.aspx

It is interesting to note that, every year, around 68% of students at RCSJGC receive some kind of financial aid, while the total amount of assistance/loans provided is $9,335,778. More information regarding the financial assistance schemes can be accessed on RCSJGC’s official financial aid page at http://www.rcgc.edu/FinancialAid/Pages/default.aspx. The total percentage of candidates applying to Rowan College of South Jersey Gloucester Campus who receive the Federal Grant is 42%. Meanwhile, 46% of the applicants receive the Student Grant and 6% are awarded the Institution Grant, while 42% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,753, the State Grant receivers and Institution Grant beneficiaries get $1,899 and $3,256, respectively. And, for the Pell Grant awardees, the average aid amount is $4,058. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Rowan College of South Jersey Gloucester Campus, the percentage of candidates who opt to avail of student loans is around 32%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

17%

Institution Grant Aid

4%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,727

State Grant Aid

$1,900

Institution Grant Aid

$3,853

Pell Grant

$4,653

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,061

$30,001 - $48,000

$5,034

$48,001 - $75,000

$2,567

$75,001 - $110,000

$202

Over $110,000

N/A

Student Loans for Rowan College at Gloucester County (RCGC)

Average Loan Amount Average Loan Amount received per year.

$6,437/Year

Students Taking Out Loans

34%

Loan Default Rate

12.5%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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