Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Welcome
Having a sound financial plan begins with you having an understanding of the financial commitment it takes to obtain a graduate degree. We feel it is
important for you to have a sound knowledge of the financial commitment you are making.
Our goal is to educate, assist and counsel our students in finding the necessary financial resources to fund their education and provide debt
management information while at the Rutgers School of Law - Camden.
Your Financial Aid Contact:
Rebekka Howell
Assistant Director, Financial Aid
rebekka.howell@camden.rutgers.edu
856-225-2966 (Direct Line)
Office Hours:
8:30am - 5:00pm Mon -Thur
8:30am - 4:30pm Fri
Office of Financial Aid
Armitage Hall, B40
311 N. 5th Street
Camden, NJ 08102
856-225-6039 phone
856-225-6074 fax
Debt Management
A quality graduate/professional education is an expensive endeavor. We recommend that you do the
following:


Minimize the amount of loan you need to borrow. Plan a conservative but realistic budget and
stick to it. It is tempting to borrow the maximum amount of loan available to you. Keep in mind
that you are committing a portion of your future income to loan repayment every time you
borrow.
Keep records and copies of all financial documents you complete and sign. These are your
official records. You are the best source of information about your loans and other financial
matters.
INSIDE THIS ISSUE
Welcome
Debt Management
1
Federal Direct Loan
Federal Direct Grad PLUS Loan
2
Gross vs Net Disbursement
Tuition and Fees Per Semester
3
Student Expense Budget
4
Term Bill
Financial Aid Refund
Which Department Should I Contact?
5
Helpful Links
6
Be informed about your educational debt profile to date. Please log into the National Student Loan Data System (NSLDS) at nslds.ed.gov to view your
debt profile.
The National Student Loan Data System is a complete listing of all your federal student loans both undergraduate and graduate including:

Loan disbursement dates and amounts

Loan servicer information
Managing your student loan debt begins with you being informed about your level of debt.
And remember...
If you live like a lawyer while you’re a student;
you’ll live like a student when you’re a lawyer.
________________________________________________________________________________ 1
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074
Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Federal Direct Loan/William D. Ford Loans
Description
Federal student loan available to graduate/professional students
Eligibility
Requirements
· US citizen or permanent resident
· Enrolled at least half-time in degree program
· Not in default on prior education loan
Loan Limits
Annual: $20,500
Interest Rate
6.21% fixed rate (loans first disbursed on or after July 1, 2014 and before July 1, 2015).
Aggregate: $138,500
5.84% fixed rate (loans first disbursed on or after July 1, 2015 and before July 1, 2016)
Interest begins to accrue after first disbursement, and may be paid quarterly while in school or capitalized
at repayment
Fees
1.073% (1st disb. date on or after Oct. 1, 2014, and before Oct. 1, 2015)
1.068% (1st disb. date on or after Oct. 1, 2015, and before Oct. 1, 2016)
For more information, please visit studentaid.rutgers.edu
Federal Direct Grad PLUS Loan/William D. Ford Loans
Description
Eligibility
Requirements
Federal student loan available to graduate/professional students
· U.S. citizen or permanent resident
· Enrolled at least half-time in a graduate degree program
· Not be default on a prior educational loan
· Credit review required
Loan Limits
Annual: Borrow up to the cost of attendance less
other aid (including maximum Direct of $20,500)
Interest Rate
7.21% fixed rate (loans first disbursed on or after July 1, 2014 and before July 1, 2015).
Aggregate: No aggregate limit
6.84% fixed rate (loans first disbursed on or after July 1, 2015 and before July 1, 2016)
Unsubsidized loan. Interest is capitalized prior to repayment
Fees
4.292% (1st disb. date on or after Oct. 1, 2014, and before Oct. 1, 2015)
4.272% (1st disb. date on or after Oct. 1, 2015, and before Oct. 1, 2016)
For more information, please visit studentaid.rutgers.edu
________________________________________________________________________________ 2
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074
Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Gross vs Net Disbursement Amounts
Please take these examples into account when determining how much you would like to borrow to cover expenses for the school year.
Direct Loan
Example: Annual loan for $20,500 split over two semesters ($10,250 per semester).
$10,250 Loan principal amount for the semester (amount to be repaid)
- 110
1.073% loan origination fee (no rounding; truncate cents)
$10,140 Actual semester disbursement credited to the student’s account
Student loans have annual loan limits; however, if you want you can reduce the annual amount borrowed from the standard amount offered on your
financial aid award notice.
Direct Grad PLUS Loan
Example: Annual loan for $10,000 split over two semesters ($5,000 per semester).
$5,000 Loan principal amount for the semester (amount to be repaid)
- 215
4.292% loan origination fee (no rounding; truncate cents)
$4,785 Actual semester disbursement credited to the student’s account
Easiest way to calculate your Direct Grad PLUS loan net amount is to divide the amount you need by .95712.
To receive a net amount of $5,000, request a gross amount of $5,224.01 (5,000 /.95712=5,224.01). Please be sure not to include cents when
requesting your loan amount.
2014-2015 AY Actual Tuition and Fees (per semester)
15/16 AY rates will become available after 07/16/15.
CR.
HRS.
1
2
3
4
5
6
7
8
9
10
11
12
RES.
CAMPUS
TUITION
FEE
967.00 401.00
1,934.00 401.00
2,901.00 401.00
3,868.00 401.00
4,835.00 401.00
5,802.00 401.00
6,769.00 401.00
7,736.00 401.00
8,703.00 401.00
9,670.00 401.00
10,637.00 401.00
11,600.50 928.25
COMP.
FEE
73.00
80.50
88.00
95.50
103.00
110.50
118.00
125.50
133.00
140.50
148.00
155.50
SCHOOL
FEE
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
366.00
PIRG
FEE
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
11.20
RES.
TOTAL
1,703.25
2,677.75
3,652.25
4,626.75
5,601.25
6,575.75
7,550.25
8,524.75
9,499.25
10,473.75
11,448.25
13,061.45
NON-RES. CAMPUS
TUITION
FEE
1,466.00 401.00
2,932.00 401.00
4,398.00 401.00
5,864.00 401.00
7,330.00 401.00
8,796.00 401.00
10,262.00 401.00
11,728.00 401.00
13,194.00 401.00
14,660.00 401.00
16,126.00 401.00
17,584.00 928.25
COMP.
FEE
73.00
80.50
88.00
95.50
103.00
110.50
118.00
125.50
133.00
140.50
148.00
155.50
SCHOOL
FEE
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
256.75
366.00
PIRG
FEE
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
11.20
NON-RES.
TOTAL
2,202.25
3,675.75
5,149.25
6,622.75
8,096.25
9,569.75
11,043.25
12,516.75
13,990.25
15,463.75
16,937.25
19,044.95
________________________________________________________________________________ 3
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074
Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Student Expense Budget
The Financial Aid Office is required by federal regulations to establish student expense budgets for everyone receiving federal financial aid. These
budgets establish the maximum amount of aid a student can receive from all sources, including scholarships, grants, and federal, state and private
loans.
The following chart will help you determine approximately how much money you will need to meet your educational expenses for the academic year.
Many students have unrealistic expectations about the type of lifestyle they will be able to afford while attending school. A realistic examination of your
individual needs should be made to assure that your student lifestyle expectations are consistent with financial resources and obligations.
Academic Year 2015-2016
NJ RESIDENTS
based on full-time enrollment (12 or more credits)
Commuter
(living w/family)
Tuition/Fees (actual charges may differ; tuition and fees
have not been set for the 15/16 AY but should be
available after 07/16/15)
Resident
(campus housing)
Off-Campus
(private housing)
26,866
26,866
26,866
Room/Board
4,054
12,750
18,090
Books/Supplies
1,350
1,350
1,350
Travel Expenses
2,688
888
2,688
220
220
220
2,864
2,864
2,864
38,042
44,938
52,078
Loan Fees
Miscellaneous
Total
OUT-OF-STATE RESIDENTS
incl. higher tuition charges of $36,223
(actual charges may differ; tuition and fees have not
been set for the 15/16 AY but should be available after
07/16/15)
Commuter
(living w/family)
Total
Resident
(campus housing)
50,366
Off-Campus
(private housing)
57,938
64,402
________________________________________________________________________________ 4
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074
Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Term Bill
The Office of Student Accounting, Billing, and Cashiering provides access to your online term bill, processes refunds, administers payment plans,
coordinates exit counseling, and assists with issues that arise with your student account.
Registration at Rutgers is a 2-step process:
Step One: Pre-Register. You will receive a term bill based on your registration.
Step Two: Submit your term bill (each semester you attend even if the amount due is ‘zero’ and you expect a refund) to the Office of Student Accounting
Services. Login to finservices.rutgers.edu/otb/ to pay your bill and confirm your attendance. A copy of your award letter can be presented in person at
the Office of Student Accounting or faxed to (856) 225-6017.
Financial Aid Refunds
Once all required documents are received by the Financial Aid Office and you have confirmed your attendance, your financial aid will be posted to your
student account.
Students who have credit balances on their accounts can expect to receive a refund within the first two weeks of school. Since we cannot guarantee that
refunds will be available at the start of school, students are encouraged to prepare for the initial cost of books, supplies and incidentals. Information is
available at the Student Financial Services Office, Armitage Hall - 1st Floor, 311 North 5th Street, (856) 225-6021.
Students are encouraged to sign up for electronic direct deposit refunds for faster receipt of their financial aid refunds directly to their personal checking
or savings account. Direct Deposit is not an option for the summer. To enroll in RU ScholarRefund or for more information about how direct deposit
works, please visit studentabc.rutgers.edu
The first disbursement of Direct funds was scheduled for late August so many of you may already have a refund. Check with the Office of Student
Accounting, Armitage Hall, 1st Floor (856-225-6021).
Things that may affect your financial aid refund are:

changes in your enrollment (e.g. dropping a class) and/or

changes in your residency (e.g. becoming a NJ resident).

Students must make satisfactory progress toward their degree each year. Students who fail to maintain their class level standing will be
reviewed by the Associate Dean and the Director of Financial Aid each year for continued funding.
DO NOT SPEND YOUR ENTIRE REFUND IF ANY OF THE ABOVE APPLY TO YOU!
YOUR BUDGET MAY HAVE TO BE ADJUSTED AND YOU MAY NOT BE ENTITLED TO YOUR INITIAL REFUND AMOUNT.
Reasons why aid may have not disbursed


You did not confirm your attendance
All required documents have not been submitted to the Office of Financial Aid
Which Department Should I Contact?
________________________________________________________________________________ 5
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074
Financial Aid Information
Rutgers School of Law - Camden
2015/2016 Academic Year
Helpful Links
Office Of Financial Aid
School of Law – Camden
studentaid.rutgers.edu/
camlaw.rutgers.edu
Office of the Registrar
Office of Student Accounting, Billing, and Cashiering
registrar.camden.rutgers.edu
studentabc.rutgers.edu/
Planning Letter
Financial Aid Required Documents
studentaid.rutgers.edu/scholarship/
finservices.rutgers.edu/faaward/doc/missingDocLogin.htm
This offer is a preliminary estimate based on the unverified information
you reported on the FAFSA and may be subject to change.
List of financial aid documents
Financial Aid Award Status
Term Bill
finservices.rutgers.edu/faaward/letter/awardLogin.htm
finservices.rutgers.edu/otb/
Your awards are based on the information you reported on your Free
Application for Federal Student Aid (FAFSA). Your eligibility for these
awards may change if new information is received, including the status of
your Satisfactory Academic Progress. Rutgers University reserves the
right to adjust your awards.
The University no longer mails term bills to your home address. Use this web
page to access your account. Here you can view your semester charges
based on your registration and financial credits applied to your account.
FAFSA
NSLDS
fafsa.ed.gov
nslds.ed.gov
Submit a Free Application for Federal Student Aid (FAFSA)
(Federal School Code: 002629)
The National Student Loan Data System (NSLDS) is the U.S. Department of
Education's (ED's) central database for student aid. NSLDS receives data
from schools, guaranty agencies, the Direct Loan program, and other
Department of ED programs. NSLDS Student Access provides a centralized,
integrated view of Title IV loans and grants so that recipients of Title IV Aid
can access and inquire about their Title IV loans and/or grant data.
Federal Student Aid
Manage My Direct Loan
studentaid.ed.gov
studentloans.gov
The smart student guide to financial aid.
This site is your source for information from the U.S. Department of
Education about how to manage your student loans.
Free Annual Credit Report
annualcreditreport.com
Web site to access FREE credit report. Credit score can be added for a
nominal fee.
________________________________________________________________________________ 6
RUTGERS-CAMDEN
OFFICE OF FINANCIAL AID
th
311 N. 5 Street
Armitage Hall, B40
Camden, NJ 08102
P: 856-225-6039
F: 856-225-6074