{"id":1260,"date":"2026-04-28T22:00:35","date_gmt":"2026-04-28T22:00:35","guid":{"rendered":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/?page_id=1260"},"modified":"2026-05-04T15:49:06","modified_gmt":"2026-05-04T15:49:06","slug":"financial-aid","status":"publish","type":"page","link":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/","title":{"rendered":"Financial Aid"},"content":{"rendered":"<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\">\n<p><b><span data-contrast=\"auto\">FINANCIAL AID<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-contrast=\"auto\">If you have not yet applied for financial aid for the 2026-2027 academic year, please do so at your earliest opportunity by\u00a0submitting\u00a0the\u00a0<\/span><a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\"><span data-contrast=\"none\">2026-2027 Free Application for Federal Student Aid (FAFSA)<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">You may contact the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/contacts\/rutgers-health\/\"><span data-contrast=\"none\">Rutgers Health Piscataway Office of Financial Aid<\/span><\/a><span data-contrast=\"auto\">\u00a0for\u00a0individualized\u00a0assistance. Please include your\u00a0<\/span><a href=\"https:\/\/netid.rutgers.edu\/index.htm\"><span data-contrast=\"none\">NetID<\/span><\/a><span data-contrast=\"auto\">\u00a0in any email correspondence.\u00a0You can also visit the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/tools-resources\/financial-aid-student-portal-library\/\"><span data-contrast=\"none\">Financial Aid Portal Library<\/span><\/a><span data-contrast=\"auto\">\u00a0webpage for more information including\u00a0quick guides and video tutorials.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Rutgers Health\u00a0Piscataway\u00a0Office of Financial Aid<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/maps.rutgers.edu\/#\/?click=true&amp;selected=3688\"><span data-contrast=\"none\">Research Tower<\/span><\/a><br \/>\n<span data-contrast=\"auto\">675 Hoes Lane\u201a C103<\/span><br \/>\n<span data-contrast=\"auto\">Piscataway\u201a New Jersey 08854<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Phone: 732-235-4689<\/span><br \/>\n<span data-contrast=\"auto\">Fax: 732-235-3264<\/span><br \/>\n<a href=\"mailto:rbhs_pisc@ofa.rutgers.edu\"><span data-contrast=\"none\">rbhs_pisc@ofa.rutgers.edu<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Overview of Action Items<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">You will be able to view your 2026-2027 financial aid package,\u00a0view\u00a0required\u00a0documents,\u00a0and\u00a0accept your loans\u00a0via the Financial Aid Widget in the\u00a0<\/span><a href=\"https:\/\/my.rutgers.edu\/uxp\/login\"><span data-contrast=\"none\">MyRutgers Portal<\/span><\/a><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">View your Financial Aid Package<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">You will receive an email from the Office of Financial Aid\u00a0when your financial aid package is\u00a0available\u00a0and anytime there is a change to\u00a0any of your award amounts.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Review instructions for\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/financial-information-landing-page\/\"><span data-contrast=\"none\">viewing your financial aid<\/span><\/a><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Submit Required Documents<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">You will receive\u00a0an email from the Office of Financial Aid if you\u00a0have any outstanding required documents. Please\u00a0submit\u00a0any outstanding documentation\u00a0in a timely manner\u00a0to avoid delays\u00a0in processing your financial aid.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Review instructions for\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/required-documents-landing-page\/\"><span data-contrast=\"none\">viewing your required documents<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Accept your federal loans<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">You will receive an email from the Office of Financial Aid when you are eligible to accept\u00a0your loans.\u00a0Until that time, you will only be able to view your\u00a0loans.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Review instructions for\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/wp-content\/uploads\/Accepting-Awards.pdf\"><span data-contrast=\"none\">accepting your federal loans<\/span><\/a><span data-contrast=\"auto\">. Please\u00a0do not\u00a0attempt\u00a0to complete this process until you receive the email.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Loan Information<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The\u00a0One Big Beautiful Bill Act (OBBBA)\u00a0introduces significant changes to federal student loans.\u00a0Many changes are expected to be implemented beginning July 1, 2026.\u00a0We strongly recommend that you view the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/obbba-financial-aid-updates-for-rutgers-health-students\/\"><span data-contrast=\"none\">OBBBA webpage for medical students<\/span><\/a><span data-contrast=\"auto\">\u00a0to familiarize yourself with these changes and how they may\u00a0impact\u00a0you.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Federal Direct Unsubsidized Loan\u00a0Program<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">To be eligible for a Federal Direct Unsubsidized Loan\u00a0from the U.S.\u00a0Department of Education, you must complete the\u00a0<\/span><a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\"><span data-contrast=\"none\">2026-2027 FAFSA<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Under new loan limits\u00a0established\u00a0by the OBBBA, you\u00a0may borrow up to $50,000 annually in Federal Direct Unsubsidized Loans.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"2\"><span data-contrast=\"auto\">Interest rates for\u00a0the 2026-2027 academic year have not yet been confirmed. When available, you can view them on\u00a0the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/types-of-aid\/loans\/federal-direct-and-plus-loans\/\"><span data-contrast=\"none\">Federal Direct Loans<\/span><\/a><span data-contrast=\"auto\">\u00a0webpage under the\u00a0FEDERAL DIRECT LOAN INTEREST RATE AND ORIGINATION FEES\u00a0section.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"2\"><span data-contrast=\"auto\">You must be enrolled at least half\u00a0time\u00a0to borrow a Federal Direct Unsubsidized Loan.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"2\"><span data-contrast=\"auto\">All Federal Direct Unsubsidized Loan borrowers\u00a0are required to\u00a0complete a\u00a0<\/span><a href=\"https:\/\/studentaid.gov\/mpn\/\"><span data-contrast=\"none\">Master Promissory Note (MPN)<\/span><\/a><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><a href=\"https:\/\/studentaid.gov\/entrance-counseling\/\"><span data-contrast=\"none\">Entrance Counseling<\/span><\/a><span data-contrast=\"auto\">.\u00a0Learn more about both\u00a0on the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/types-of-aid\/loans\/federal-direct-and-plus-loans\/\"><span data-contrast=\"none\">Federal Direct Loans<\/span><\/a><span data-contrast=\"auto\">\u00a0webpage under the\u00a0NEXT STEPS TO RECEIVE FEDERAL DIRECT LOAN FUNDS<\/span><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-contrast=\"auto\">section.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Grad\u00a0PLUS\u00a0Loan\u00a0Program<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">Under the OBBBA,\u00a0the Grad PLUS Loan Program will be eliminated\u00a0as of July 1, 2026.\u00a0Special\u00a0program continuation provisions apply only to students who are still in the same degree program,\u00a0at the same institution\u00a0they were when they\u00a0first\u00a0borrowed a Federal Direct\u00a0Loan.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:1440,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Private Loans<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">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.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Review the\u00a0<\/span><a href=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/types-of-aid\/loans\/private-loans\/\"><span data-contrast=\"none\">Private Loans<\/span><\/a><span data-contrast=\"auto\">\u00a0webpage to learn what to consider, questions to ask lenders, and how to apply.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Setting up Direct Deposit<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">To\u00a0expedite\u00a0receipt of your refund, you should sign up for\u00a0direct\u00a0deposit\u00a0as soon as possible,\u00a0if you have not already done so.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Review instructions for setting up\u00a0<\/span><a href=\"https:\/\/finance.rutgers.edu\/student-abc\/refunds\/setting-direct-deposit\"><span data-contrast=\"none\">direct deposit<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<hr \/>\n<p>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.<\/p>\n<\/div>\n<div data-ogsc=\"rgb(0, 0, 0)\"><\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\">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\u00a0<a id=\"OWAc447a563-382f-5116-f76a-45e9d87fbc36\" class=\"OWAAutoLink\" title=\"https:\/\/scarlethub.rutgers.edu\/obbba-rh\/\" href=\"https:\/\/scarlethub.rutgers.edu\/obbba-rh\/\" data-ogsc=\"\" data-outlook-id=\"c5ce05f7-eb8c-4f0c-92ed-549f653c0150\">OBBBA information page<\/a>\u00a0for the most current details.<\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\"><b>What does this mean for you as an incoming medical student?<\/b><\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\">If you are enrolling on or after July 1, 2026:<\/div>\n<ul>\n<li data-ogsc=\"rgb(0, 0, 0)\">You will not be eligible for Graduate PLUS loans.<\/li>\n<li data-ogsc=\"rgb(0, 0, 0)\">You still have options to help cover your cost of attendance. Many medical students choose to use private education loans to supplement federal loans.<br \/>\nVisit our\u00a0<a id=\"OWAa57b6a47-689a-239b-acb0-801efe95b95a\" class=\"OWAAutoLink\" title=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/types-of-aid\/loans\/private-loans\/\" href=\"https:\/\/scarlethub.rutgers.edu\/financial-services\/types-of-aid\/loans\/private-loans\/\" data-ogsc=\"\" data-outlook-id=\"2a661f87-6874-496e-953d-d80767f18f10\">private loans information page<\/a>\u00a0to learn what to consider, questions to ask lenders, and how to apply.<\/li>\n<\/ul>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\"><b>What does this mean for your first year?<\/b><\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\">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.<\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\"><b>Loan limits effective July 1, 2026:<\/b><\/div>\n<table border=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td data-ogsb=\"whitesmoke\">\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\"><b>Student Type<\/b><\/div>\n<\/td>\n<td data-ogsb=\"whitesmoke\">\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\"><b>Annual Limit<\/b><\/div>\n<\/td>\n<td data-ogsb=\"whitesmoke\">\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\"><b>Cumulative Limit Inclusive of Graduate School Borrowing<\/b><\/div>\n<\/td>\n<td data-ogsb=\"whitesmoke\">\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\"><b>Lifetime Limit Inclusive of Undergraduate and Graduate School Borrowing<\/b><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\">Professional (Medical)<\/div>\n<\/td>\n<td>\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\">$50,000<\/div>\n<\/td>\n<td>\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\">$200,000<\/div>\n<\/td>\n<td>\n<div class=\"skipProofing\" data-ogsc=\"rgb(0, 0, 0)\">$257,500<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\"><\/div>\n<div class=\"elementToProof\" data-ogsc=\"rgb(0, 0, 0)\">Medical school is a significant financial investment, and we understand these changes may raise questions. Rutgers Health students are encouraged to contact their campus\u00a0<a id=\"OWA3abcc16a-8c7e-25c4-694f-5bcdcf4db632\" class=\"OWAAutoLink\" title=\"https:\/\/scarlethub.rutgers.edu\/contacts\/rutgers-health\/\" href=\"https:\/\/scarlethub.rutgers.edu\/contacts\/rutgers-health\/\" data-ogsc=\"\" data-outlook-id=\"80560f88-0ed7-4d09-a844-ca441e3e453a\">Office of Financial Aid<\/a>\u00a0for personalized guidance. In addition, we recommend that you review the following:\u00a0<a id=\"OWA27cdd8f3-9a67-260f-8925-c9f93f2197fc\" class=\"OWAAutoLink\" title=\"Original URL: https:\/\/www.nasfaa.org\/uploads\/documents\/OB3_What_Professional_Students_Need_to_Know.pdf Click to follow link.\" href=\"https:\/\/nam02.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.nasfaa.org%2Fuploads%2Fdocuments%2FOB3_What_Professional_Students_Need_to_Know.pdf&amp;data=05%7C02%7Cag2791%40rwjms.rutgers.edu%7Cc3f99d5fc3334b75b50e08dea56bd190%7Cb92d2b234d35447093ff69aca6632ffe%7C1%7C0%7C639130079649061150%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=pC%2FhKvlU%2B9myIyusqfce9BWGFhsGekae%2BOqrAStwF%2FA%3D&amp;reserved=0\" data-ogsc=\"\" data-outlook-id=\"13232579-05c3-461f-b707-2266c3e3e021\">OBBBA \u2013 What Health Professions Students Need to Know<\/a>\u00a0and the\u00a0<a id=\"OWA1eaac4a4-a8a2-d1b4-faa9-c01530762ab4\" class=\"OWAAutoLink\" title=\"Original URL: https:\/\/rutgers.instructure.com\/courses\/152736\/pages\/educational-debt-management Click to follow link.\" href=\"https:\/\/nam02.safelinks.protection.outlook.com\/?url=https%3A%2F%2Frutgers.instructure.com%2Fcourses%2F152736%2Fpages%2Feducational-debt-management&amp;data=05%7C02%7Cag2791%40rwjms.rutgers.edu%7Cc3f99d5fc3334b75b50e08dea56bd190%7Cb92d2b234d35447093ff69aca6632ffe%7C1%7C0%7C639130079649094790%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=W6UNUQPuPTb03Kj5TXP7AMFUw1XHIT%2BHE%2BidG7MQ%2BNU%3D&amp;reserved=0\" data-ogsc=\"\" data-outlook-id=\"9db065d6-859d-4b13-9f3a-117184aed391\">RWJMS Educational Debt Management Program information<\/a>. We are here to support you as you plan for your education.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FINANCIAL AID\u00a0 \u00a0If you have not yet applied for financial aid for the 2026-2027 academic year, please do so at your earliest opportunity by\u00a0submitting\u00a0the\u00a02026-2027 Free Application for Federal Student Aid &hellip; <a href=\"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/\" class=\"\">Read More<\/a><\/p>\n","protected":false},"author":4549,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1260","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Aid - RWJMS M1 Student Orientation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Aid - RWJMS M1 Student Orientation\" \/>\n<meta property=\"og:description\" content=\"FINANCIAL AID\u00a0 \u00a0If you have not yet applied for financial aid for the 2026-2027 academic year, please do so at your earliest opportunity by\u00a0submitting\u00a0the\u00a02026-2027 Free Application for Federal Student Aid &hellip; 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Read More","og_url":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/","og_site_name":"RWJMS M1 Student Orientation","article_modified_time":"2026-05-04T15:49:06+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/","url":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/","name":"Financial Aid - RWJMS M1 Student Orientation","isPartOf":{"@id":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/#website"},"datePublished":"2026-04-28T22:00:35+00:00","dateModified":"2026-05-04T15:49:06+00:00","breadcrumb":{"@id":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/financial-aid\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/"},{"@type":"ListItem","position":2,"name":"Financial Aid"}]},{"@type":"WebSite","@id":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/#website","url":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/","name":"RWJMS M1 Student Orientation","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/pages\/1260"}],"collection":[{"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/users\/4549"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/comments?post=1260"}],"version-history":[{"count":5,"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/pages\/1260\/revisions"}],"predecessor-version":[{"id":1283,"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/pages\/1260\/revisions\/1283"}],"wp:attachment":[{"href":"https:\/\/sites.rutgers.edu\/rwjms-m1-student-orientation\/wp-json\/wp\/v2\/media?parent=1260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}