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FINANCIAL ASSISTANCE
PROGRAMS
Rutgers
School of Law-Newark is committed to providing students the highest quality
legal education at an affordable cost. In addition to our low tuition rates,
we offer students a range of merit-based and need-based financial assistance
in the form of scholarships, grants, work-study and loans. The amount of
this support is dependent on individual circumstances and the availability
of funds.
SCHOLARSHIPS
and MERIT-BASED FINANCIAL ASSISTANCE
All
first year applicants are considered for institutional, merit-based scholarships
as part of the admissions application process. These awards include the
Ralph Johnson Bunche Distinguished Graduate Award, the Dean's Merit Scholarship, the Carol and Paul Miller Scholarship and the Justice
Morris Pashman Scholarship. Returning students can also compete for institutional
scholarship opportunities by submitting an institutional scholarship application
each year.
The Ralph Johnson Bunche
Distinguished Graduate Award provides a $15,000 stipend plus
tuition remission for as many as two years to exceptional, incoming, full-time
students with backgrounds of substantial educational or cultural disadvantage.
Established in 1979, this fellowship is named after Ralph Johnson Bunche, the
African-American Statesman, Nobel Peace Laureate, and 1949 recipient of an
honorary Doctor of Laws from Rutgers. Bunche fellows are chosen
by a university-wide selection committee.
The Dean's Merit Scholarships
are offered to students with a history of achievement and academic
excellence who show great promise for the study of law. Every admitted
student is considered for a Dean's Merit Scholarship. Grants range
from $3,000 to full tuition and may last for your entire career at the
law school.
The Carol and Paul Miller
Scholarship
was created by Paul (RUSLN '62) and Carol Miller in gratitude for
the scholarships that made his education possible. This full-tuition,
three-year scholarship is awarded to an incoming student with significant
financial need and strong academic potential. Mr. Miller was born
to a very poor family and was the first in his family to attend college. He was able to attend Rutgers Law School only because he received a full
scholarship. He rose to the top of his profession as executive vice
president and general counsel of Pfizer, Inc. He was among the key
leaders responsible for the growth and success of Pfizer and was named
one of the 100 Most Influential Lawyers in America.
The Justice Morris Pashman
Scholarship supports students, preferably in the Minority Student Program,
who demonstrate exceptional talent and financial need. he scholarship,
established in 1999 by his family, friends and colleagues, celebrates the
memory of Justice Morris Pashman (RUSLN '35), who served on the New Jersey
Supreme Court for 10 years. It provides full tuition and fees for
the recipient's law school career. Recipients serve as reminders
of the high standards of scholarship, dedication and professionalism that
Morris Pashman brought to his 28-year career in the judiciary.
The Martin Unger Scholarship
supports a full-time law school student with strong academic credentials, significant
financial need and a sincere interest in becoming a trial attorney. A student
will receive preference who is the first member of his/her family to obtain a
professional school education and who hopes to enter public service. Preferred
public service includes service in the U.S. Military, or in a prosecutor's office
(especially the U.S. Attorney's Office) or in a public defender's office.
LOANS and NEED-BASED
FINANCIAL ASSISTANCE
In
addition to this merit-based funding, need-based funding is widely available.
In fact, most law students are eligible for and will receive a financial
aid package to help defray their educational expenses. To be considered
for a financial aid package and/or need-based scholarships at Rutgers Law
School-Newark, applicants and students must file a Free Application for
Federal Student Aid (FAFSA) with the U.S. Department of Education. FAFSA
is a need-analysis tool developed by the Department of Education and is
the only financial information required by the law school. Information
will be requested regarding your income, assets, and other financial resources.
This information should be submitted no sooner than January 1st and no
later than March 15th to be considered for the fall term of each academic
year. Be sure to answer "YES" to the question: Will you be a graduate or
professional student for the upcoming year? All graduate and professional
students are considered "independent" for the purposes of determining federal
aid eligibility. FAFSA applications are available in the Financial Aid
Office or students can file electronically. To fill out and submit a FAFSA
over the Internet go to www.fafsa.ed.gov.
The information submitted via the Internet or paper application will be
processed and sent electronically to each school selected on the application.
Use Title IV School Code 002629 to identify Rutgers Law School-Newark as
a selected school.
The Rutgers Financial Aid Office
will calculate your eligibility for all the various sources of financial
aid based on this information. Eligibility for different programs will
be determined by computing your financial need (the difference between
your resources and the university's stated cost of attendance.) They will
also develop your student budget based on the cost of attendance; this
budget will include tuition, student fees and books, as well as a factor
for living expenses, transportation and personal expenses. Students will
be notified by mail of the resulting financial aid package. It will be
comprised of one or more of the following programs:
New
Jersey State Grant: Full-time New Jersey residents who can demonstrate
financial need are eligible. The maximum amount allowed is $1,000 per year.
Federal Perkins Loan: Full-
or part-time graduate students who can demonstrate financial need are eligible.
The maximum amount allowed is $2,000 per year.
William D. Ford Federal Direct
Stafford Loan: Full- or part-time graduate students are eligible. Those
who demonstrate financial need may qualify for a subsidized loan. Other
students may qualify for an unsubsidized loan. Graduate students may receive
up to $18,500/year of which up to $8,500 may be subsidized. The interest
on the subsidized loan is paid by the federal government until 6 months
after graduation or 6 months after dropping below half time enrollment.
The unsubsidized loan has a variable interest rate which is capped at a
maximum of 8.25%. Students are responsible for the interest on the unsubsidized
loan which starts to accrue from the disbursement date of the loan.
Federal Work-Study: Full-
or part-time graduate students who demonstrate financial need are eligible.
Graduate students may receive awards ranging from $2,000 to $5,000 depending
upon financial need and job assignment. Full-time law students may not
work more than 20 hours per week.
Educational
Opportunity Fund (EOF): Full-time New Jersey residents with backgrounds
of historic poverty and early educational disadvantage may apply for EOF
grants. Students who received EOF grants as undergraduates are eligible
if their incomes fall within the required range; others must document their
eligibility. Grants up to $2,850 per year may be awarded.
Private Educational Loans:
Commercial lenders offer a variety of private educational loans as a supplement
to the federal and institutional aid programs listed above. Generally,
these loans are unsubsidized and are limited to the cost of attendance
less other financial aid received. Unlike the federal loan programs, borrowers
must be creditworthy or provide an acceptable cosigner to be approved for
these loans. |
The
law school's Financial Aid office is available to assist you with your
financial aid questions. We can provide additional information regarding
the above programs as well as counseling on consumer credit issues and
debt management strategies. For our graduates interested in pursuing jobs
in the public interest/public service sector, we also have information
regarding the law school's Loan Repayment Assistance Program (LRAP).
Inquiries regarding Financial
Aid should be directed to:
Ms. Nicky Fornarotto
Financial Aid Coordinator
Rutgers, The State University
of New Jersey
School of Law-Newark
Center for Law and
Justice
123 Washington Street
Newark, NJ 07102
973-353-1702
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