Frequently Asked Questions
What are the steps in obtaining financial aid?
In order to be considered for financial aid each student must:
- Complete a FAFSA, which is available online at www.studentaid.gov.
- Meet with CMSRU Financial Aid to complete a financial plan for the academic year. This plan will include loan application instructions and budgeting advice.
Who is eligible for Financial Aid?
To be eligible for Financial Aid, you must:
- Be a U.S. citizen or hold an Alien Registration Card (permanent resident card)
- Be in good academic standing once in school, and making satisfactory progress toward a degree
- Have a satisfactory credit record allowing you to obtain credit-based loans
- Have registered with the Selective Service if required to do so
- Have a valid social security number
- Certify that you have not previously defaulted on a federal student loan and do not owe money on a federal student grant
- Certify that you will use federal student aid only for educational purposes
Do I have to file a FAFSA?
In order to receive federal loan funding and be considered for CMSRU scholarship assistance, a student must file a FAFSA. Some external private scholarship sources may also require FAFSA information. However, if a student intends to pay for all educational expenses from personal or family resources only, a FAFSA is not required.
What is the FAFSA Title IV Code for Rowan University?
Do I have to file a FAFSA each year I am enrolled?
Yes, each student must re-file the FASFA every year in which he or she expects to apply for federal loans or a CMSRU scholarship.
Should I get a proof of mailing?
You should get a Certificate of Mailing from the U.S. Postal Service if you mail the FAFSA.
- If you file your FAFSA online (which is the recommended method), you will need to print out the signature page (if you do not have a FSA ID) and you will need to sign the signature page and mail it to the address indicated. Once your FAFSA is submitted via the web, you will receive a confirmation number. You should print out the confirmation page as proof of FAFSA submission.
Who should I contact about Veterans Affairs (VA) Benefits?
If you have any questions/concerns regarding the process and procedures for Veterans Affairs benefits, please contact Elizabeth Sosnoski, Veterans Affairs Coordinator at Rowan University-Glassboro Campus, Savitz Hall, 3rd Floor, (856) 256-4233 or firstname.lastname@example.org.
What is the maximum financial aid amount I can borrow for the academic year?
The total of scholarships, grants and loans cannot exceed the cost of attendance for the program in which a student is registered.
When will I receive my loans?
If a loan application is completed and approved by the end of May, loan funds should be credited to the student account on the first day of the term or a few days earlier.
- Each loan is for one academic year, and one-half of the loan will be disbursed at the beginning of the academic year (fall) and one-half of the loan will be disbursed in the middle of the academic year (spring).
What is your Institution's policy regarding parental information?
- Parental income and asset information must be included on the FAFSA, unless the student is married (if applicable, income/assets for the spouse are required), in order to be considered for scholarships administered through CMSRU.
What happens if I receive aid from other resources, a corporation, parent's employment, religious organization, etc.?
Please notify CMSRU Financial Aid on the CMSRU Institutional Form or submit an email to email@example.com if you are notified that you will receive outside scholarship, grant and/or loan funding.
- CMSRU Financial Aid will review any outside aid a student receives to determine if the total amount of aid received exceeds the student's academic budget. Adjustments to the student's financial aid award package may be required.
Can students apply for financial aid if they enroll into the accelerated primary care track 3 year program at CMSRU?
- Cooper Medical School of Rowan University offers an accelerated three-year track (PC3) for motivated students planning a career in Primary Care Internal Medicine or Pediatrics. Students will complete their training at one of the respective Cooper University Hospital residency programs.
- For additional information on the PC3 track offered at CMSRU, click here.
- PC3 track students can apply for federal aid by annually filing the Free Application for Federal Student Aid (FAFSA).
- All accepted students at CMSRU are eligible to apply for institutional scholarships by completing the CMSRU Institutional Form (scholarship application), but are also encouraged to apply for outside (national or regional) funding. Procedures on how and when to submit the CMSRU Institutional Form is usually provided to students by December annually.
- Additionally, students who are planning a career in Primary Care may consider applying for loan repayment though the National Health Service Corps.
- Participation in the PC3 track allows borrowers to eliminate 1 year of tuition and student fees from their loan debt portfolio. In addition, PC3 track students will start earning a resident physician salary in what would have been their 4th year of medical school; PC3 track students will enter the physician workforce and begin earning an Attending-level faculty salary a full year earlier than their colleagues.
- Students in PC3 participate in special courses on the pre-M1 and pre-M2 summers, and they will receive a 12 month budget in their first year to allow for additional living expenses.
- Further details on all funding opportunities are available through the CMSRU Financial Aid website.
How do I contact CMSRU Financial Aid?