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Financial Aid

FINANCIAL AID 

 If you have not yet applied for financial aid for the 2026-2027 academic year, please do so at your earliest opportunity by submitting the 2026-2027 Free Application for Federal Student Aid (FAFSA). 

 

You may contact the Rutgers Health Piscataway Office of Financial Aid for individualized assistance. Please include your NetID in any email correspondence. You can also visit the Financial Aid Portal Library webpage for more information including quick guides and video tutorials.  

 

Rutgers Health Piscataway Office of Financial Aid 

Research Tower
675 Hoes Lane‚ C103
Piscataway‚ New Jersey 08854 

Phone: 732-235-4689
Fax: 732-235-3264
rbhs_pisc@ofa.rutgers.edu 

  

Overview of Action Items 

You will be able to view your 2026-2027 financial aid package, view required documents, and accept your loans via the Financial Aid Widget in the MyRutgers Portal.  

 

  • View your Financial Aid Package 
  • You will receive an email from the Office of Financial Aid when your financial aid package is available and anytime there is a change to any of your award amounts. 

 

  • Submit Required Documents 
  • You will receive an email from the Office of Financial Aid if you have any outstanding required documents. Please submit any outstanding documentation in a timely manner to avoid delays in processing your financial aid. 

 

  • Accept your federal loans 
  • You will receive an email from the Office of Financial Aid when you are eligible to accept your loans. Until that time, you will only be able to view your loans.  

 

 

Loan Information 

The One Big Beautiful Bill Act (OBBBA) introduces significant changes to federal student loans. Many changes are expected to be implemented beginning July 1, 2026. We strongly recommend that you view the OBBBA webpage for medical students to familiarize yourself with these changes and how they may impact you. 

  • Federal Direct Unsubsidized Loan Program 
  • To be eligible for a Federal Direct Unsubsidized Loan from the U.S. Department of Education, you must complete the 2026-2027 FAFSA. 
  • Under new loan limits established by the OBBBA, you may borrow up to $50,000 annually in Federal Direct Unsubsidized Loans.  
  • Interest rates for the 2026-2027 academic year have not yet been confirmed. When available, you can view them on the Federal Direct Loans webpage under the FEDERAL DIRECT LOAN INTEREST RATE AND ORIGINATION FEES section.  
  • You must be enrolled at least half time to borrow a Federal Direct Unsubsidized Loan. 

 

  • Grad PLUS Loan Program 
  • Under the OBBBA, the Grad PLUS Loan Program will be eliminated as of July 1, 2026. Special program continuation provisions apply only to students who are still in the same degree program, at the same institution they were when they first borrowed a Federal Direct Loan. 

 

  • Private Loans 
  • If your total cost of attendance is higher than the amount covered by your Federal Direct Unsubsidized Loan, you may need to use private loans or other personal resources to cover the remaining expenses, such as tuition, fees, housing, and living costs. Planning early can help you understand how much you may need and what options are available to you.  
  • Review the Private Loans webpage to learn what to consider, questions to ask lenders, and how to apply. 

 

Setting up Direct Deposit 

To expedite receipt of your refund, you should sign up for direct deposit as soon as possible, if you have not already done so.  

Review instructions for setting up direct deposit. 

As you prepare to begin medical school, we want to share important information about changes to federal student loans that may affect how you pay for your education.

The One Big Beautiful Bill Act (OBBBA) makes changes to the Graduate PLUS Loan Program and federal loan borrowing limits starting July 1, 2026. As an incoming medical student, these changes apply to you. Please review the information below and visit our OBBBA information page for the most current details.
What does this mean for you as an incoming medical student?
If you are enrolling on or after July 1, 2026:
  • You will not be eligible for Graduate PLUS loans.
  • You still have options to help cover your cost of attendance. Many medical students choose to use private education loans to supplement federal loans.
    Visit our private loans information page to learn what to consider, questions to ask lenders, and how to apply.
What does this mean for your first year?
Federal loans are available to you under the new limits established by the OBBBA. For your first year of medical school, you may borrow up to $50,000 in Federal Direct Unsubsidized Loans. If your total cost of attendance is higher than this amount, you may need to use private loans or other personal resources to cover the remaining expenses, such as tuition, fees, housing, and living costs. Planning early can help you understand how much you may need and what options are available to you.
Loan limits effective July 1, 2026:
Student Type
Annual Limit
Cumulative Limit Inclusive of Graduate School Borrowing
Lifetime Limit Inclusive of Undergraduate and Graduate School Borrowing
Professional (Medical)
$50,000
$200,000
$257,500
Medical school is a significant financial investment, and we understand these changes may raise questions. Rutgers Health students are encouraged to contact their campus Office of Financial Aid for personalized guidance. In addition, we recommend that you review the following: OBBBA – What Health Professions Students Need to Know and the RWJMS Educational Debt Management Program information. We are here to support you as you plan for your education.