Financial Aid

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Continuing RCBC Borrowers

Federal Student Aid Notice!
Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013. To view the fact sheet for more information, click here.

If you are a returning student and want to continue to receive Federal Direct Loans at Rowan College at Burlington County you must complete the following steps:

1. Complete the Free Application for Federal Student Aid (FAFSA) .

Complete the FAFSA and list Rowan College at Burlington County to receive the results.

RCBC 's Federal School Code for use on the FAFSA : 007730

The FAFSA can be completed online here: http://www.fafsa.ed.gov

2. Register for classes (minimum of 6 credits is required).

3. Complete the Direct Loan Request form. 

4. Check WebAdvisor to determine if your loan has been processed.

Make sure to give our office 3 - 5 business days to process your loan.

*It is important that you follow these steps as soon as possible in order for your loan eligibility to be processed. 
*If you have not used a loan within the past year then a new MPN (Master Promissory Note) will be required.

 

Annual Limits

Maximum amounts for each year of study

Grade Level

 

Base Amount*

 Additional Unsubsidized

Dependent Undergraduates

 

Freshmen

$3,500

$2,000

 

Sophomore

$4,500

$2,000

 

 

 

 

Independent undergraduates**

 

Freshmen

$3,500

$6,000

 

Sophomore

$4,500

$6,000

       

*If the borrower does not meet financial need for a subsidized Stafford Loan using the expected family contribution, or has reached the aggregate limit in subsidized Stafford loans, the borrower may receive this entire loan amount in unsubsidized Stafford loans provided the borrower has remaining eligibility.

 
       

**Includes dependent students whose parents are unable to borrow PLUS loans.