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Merit Scholarship Chart (old)

NJRoadieNJRoadie Forum Champion Rowan, Forum Champion TCNJ Posts: 569 Forum Champion
This was Rowan's chart that had been on their website around 2016. I do not know that they honor this anymore, but as a ballpark, I am posting it here. I believe they also take GPA, volunteer experience, school activities and leadership roles into account. Although I'm not certain, I believe you need to live on campus for these awards to be in effect. *that may not be correct*

SAT Score Range of Award
1,500-1,600 $10,900-$21,800
1,400-1,499 $10,400-$20,800
1,350-1,399 $9,000-$16,000
1,300-1,349 $8,500-$13,500
1,250-1,299 $4,700-$7,400

I have two students at Rowan and they love it there. Always willing to answer questions, and if I don't know, will ask them!

Replies to: Merit Scholarship Chart (old)

  • slimmyslimmy Registered User Posts: 68 Junior Member
    @NJRoadie Thanks for the above info.
    What was the total cost in 2016?
    What else do I subtract from this amount, for example if my family income is about 95k and efc is 10k do I get something from somewhere else? Not sure how all of that works. From what I understand, the school gives some amount for academic scores (sat), and then there is more money given (from school? or govt?) for need?
  • NJRoadieNJRoadie Forum Champion Rowan, Forum Champion TCNJ Posts: 569 Forum Champion
    The EFC (expected family contribution) is pretty much a meaningless number at a school like Rowan. There is no huge endowment being used to fund needy or sort of needy students at many schools but for the super well funded Ivies.

    The amount you would be eligible for in aid such as a Federal Pell Grant is not likely to be much. That typically is for students whose total family income is $50,000 a year or less, but most Pell grant money goes to students with a total family income below $20,000. I believe the NJ TAG grant program is gone, or will be at the end of this school year. If it continues, expect the income limit to be around $65,000 for a family of four.

    Let's talk loans. Your student is eligible for a $5,500 loan as a freshman. This loan is for the entire YEAR, not per semester. The loan amount goes up to $6,500 for the sophomore year, and $7,500 for junior and senior years. If the student isn't finished in 4 years, the loan eligibility starts to run out. I think the total amount allowed is $31,000 over the entire Bachelor's degree. This does not prevent the student or family from securing outside loans, which is how kids wind up seriously screwed up.

    The cost of education (COA) for each family is an estimate that includes not only set fees such as tuition, fees, room and board, but also variable expenses such as books, entertainment, travel. Last year was my daughter's first year, and we kept close track. Her COA at Rowan was $30,055. This included stuff like $85 on laundry, $375 on her dorm room etc.

    She was awarded a merit award of $11,500 from Rowan. This was deducted, and our EFC was higher than yours.
    We made up the difference in numerous ways.
    1. She got a job in her junior year of high school. She saved 80% for her college expenses.
    2. She applied to many scholarships and rec'd around $8,500 in outside money (total, not per year)
    3. She got two jobs on campus as soon as she arrived. One was per hour for pocket money. The other gave her money off her board bill.
    4. She won a small ($1,000) college scholarship.
    5. She enrolled in the Degree in Three Years program, saving a full year of expenses.

    Notice that all these things were HER work for HER education. We contribute our share, but so does she.
    She will graduate with zero debt, we will also have no debt for her education.

  • annamomannamom Registered User Posts: 1,298 Senior Member
    @NJRoadie thank you for the detailed explanation.
    I think I had seen the chart on Rowan web site ( my older DD was a 2016 HS graduate), do you know why they did not post a similar chart last year? do you know whether they increase the amount? Do you know whether they assist with internship (or co-op)?
  • NJRoadieNJRoadie Forum Champion Rowan, Forum Champion TCNJ Posts: 569 Forum Champion
    @annamom I do not know why they did not post a chart. I would guess that they are receiving a larger number of highly qualified candidates. They have no increased the amount that my daughter receives, it was a set amount.
    They are supposed to be assisting with internships, my daughter is a rather self motivated person, so she is doing most of the work on her own. (I'm proud of her, to say the least!)

    Good luck to your family!
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