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Financial Aid
  • Read more about Apply for a Job

You're here, you're eligible, and you're ready to work. Now check out the rules and requirements for our campus work-study programs, and, if you have more questions, feel free to contact Student Financial Aid Services.

Academic-Year Employment Qualifications & Restrictions

To be eligible for work-study during the fall and spring semesters, you must:

  •     Be making Satisfactory Academic Progress for financial aid
  •     Be officially accepted into and enrolled in a degree program
  •     Be enrolled for at least 3 credits for FCWS or 6 credits for IWS
  •     Work no more than 20 hours per week
  •     Work no more than 8 hours per day​

Summer Employment Qualifications & Restrictions

To be eligible for summer work-study, you must:

  •     Be making Satisfactory Academic Progress for financial aid
  •     Be officially accepted into and enrolled in a degree program
  •     Be enrolled for a minimum of 3 credits for either summer or fall
  •     Work no more than 40 hrs/wk if you're enrolled for 0-to-5 credit hours during the summer
  •     Work no more than 8 hours per day​

Student Employment Manual

Training manual to guide the Supervisors through the entire hiring process can be found here. 

The guidelines of the Student Employment Manual were developed to guide supervisors of student employees through the hiring process; topics to be covered include – but are not limited to - hiring a student employee, supervisor expectations, student expectations, the interview process, scheduling, orientation, budget monitoring, retention and resignation/termination.

Rights & Responsibilities

As a work-study employee, you'll be expected to:

  •     Adopt a professional attitude toward your job
  •     Report to work on time and keep your assigned work schedule
  •     Stay within the 20 or 40 hour weekly working limits
  •     Give your supervisor notice if you'll be absent or late
  •     Perform the job to best of your ability
  •     Observe rules of confidentiality
  •     Provide two weeks' notice if you plan to vacate the position
  •     Keep an accurate record of your hours
  •     Take a 15-minute paid break for every five (5) consecutive hours of work​

Cornerstone Hiring System

The Cornerstone Hiring System is NJIT's digital job bank—where you can search for jobs and employers can post open positions. Through Cornerstone you can:

  •     View the complete list of campus job openings
  •     Apply for positions
  •     Get e-mail notifications whenever you're chosen for interviews
  •     Students: Log in to Cornerstone to look and apply for jobs
  •     Employers: Log in to Cornerstone to post jobs and review applicants

To log in to Cornerstone, you must have an NJIT email address.

As a new or a continuing student in one of our financial aid approved Graduate Certificate programs--whether on campus, at an extension site, or online--you are probably eligible for some sort of financial assistance. You may also apply for an outside scholarship.

Financial Aid Approved Graduate Certificate Programs

  • Animation Essentials
  • Applied Science
  • Applied Statistical Methods
  • Big Data Essentials
  • Biomedical Device Development
  • Biostatistics Essentials
  • Business Analytics
  • Business and Information Systems Implementation
  • Cell & Gene Therapy Sciences
  • Clinical Trials: Design & Analysis
  • Computer Science
  • Construction Management
  • Data Mining
  • Data Visualization
  • Digital Arts Essentials
  • Digital Marketing Design Essentials
  • Digitally Augmented Architecture
  • Environmental Engineering
  • Environmental Science
  • Environmental Science and Engineering
  • Finance for Managers
  • Financial Technology
  • Foundations of Cybersecurity
  • Game Design and Interactivity Essentials
  • Geotechnical Engineering
  • Hydrology and Water Resources Engineering
  • Information Security
  • Innovation and Entrepreneurship
  • Instructional Design, Evaluation, and Assessment
  • IT Administration
  • IT Sales & Analytics
  • Management Essentials
  • Management Information Systems
  • Management of Technology
  • Marketing
  • Mini-MBA
  • Network Security and Information Assurance
  • Neuroscience
  • Pharmaceutical Management
  • Pharmaceutical Manufacturing
  • Pharmaceutical Technology
  • Power Systems Engineering
  • Project Management
  • Real Estate Design and Development
  • Social Media Essentials
  • Software Engineering, Analysis, and Design
  • Statistics for Data Science
  • Structural Engineering
  • Supply Chain Engineering
  • Sustainable Building Design
  • Technical Communication Essentials
  • Transportation Studies
  • UI/UX Digital Design Essentials
  • User Experience Essentials
  • Web Systems Development

Private Loans
Because not all private lending institutions require that loan recipients be matriculated, you may be able to qualify for a private loan. (Be aware that loans from private lenders require credit approval and honor specific lender rules.)

Federal Education Loans 
If you are registered for a minimum of 6 credits and are in any of the aid-approved Graduate Certificate programs, you may qualify for Federal Direct loans, Federal Perkins loans, or federal Work-Study awards. (Keep in mind that you still must meet the requirements of each individual aid program.)

Federal Tax Credits
In addition to being eligible for certain private loans, independent non-matriculated students (or parents of dependent non-matriculated students) may be eligible for the following federal tax credits:

  • American Opportunity Tax Credit - This tax credit expands and renames the existing Hope Credit and can be claimed for qualified tuition and related expenses that you pay for higher education in 2009 and 2010. Qualified expenses include tuition and related fees, books, and other required course materials. The full credit is generally available to eligible taxpayers who make less than $80,000 (or $160,000 for married couples filing a joint return); however, the credit is gradually reduced for taxpayers with incomes above these levels. (The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009.)
  • Lifetime Learning Credit - If you are an adult who wants to go back to school or a college junior/senior, or maybe someone looking to earn a graduate degree, you can apply for this tax credit. The credit is limited to 20% of the first $10,000 you spend on education, meaning that the highest credit that can be granted is $2,000. You do not have to pursue a degree in order to receive the credit; you must only be currently enrolled in a course. Unlike the HOPE Scholarship Tax Credit (above), which can be claimed per student, this credit can be claimed only per family; however, you can claim for an unlimited number of years; that is, you can keep going back to take classes and continue claiming until you have received a $2,000 credit. The same income limits on the HOPE Scholarship Tax Credit apply to the Lifetime Learning Tax Credit.


Taken together, the tax credits are excellent ways to help pay for school. For in-depth information, check out IRS Publication 970 on the IRS website.

Veteran's and Military Benefits
If you are a service member, a veteran, or a military-civilian trying to reach your educational goals, check out our available resources, including the Military Tuition Assistance program.

Scholarships for Adults
NJIT offers merit-based scholarships for undergraduate New Jersey residents and out-of-state students; however, there are many outside scholarship opportunities available for the adult learner:

  • Careers and Colleges
  • SuperCollege.com
  • Scholarships.com
  • Military.com
  • Paying for College: For Students


and more!

As a graduate student with an admissions application on file, you are automatically considered for graduate financial support in the form of grants, stipends, and the like. (You can view the eligibility criteria and contact information for the types of support on the Graduate Financial Support Contacts page.)

Additionally, as an NJIT graduate student, you can apply for supplemental funding in the form of an education loan, including such as a Federal Direct Loan, Perkins Loan, or a private loan—by filing a Free Application for Federal Student Aid (FAFSA). Once your FAFSA is on file at NJIT, you will automatically be awarded Federal Direct Loans, either subsidized or unsubsidized, based on your eligibility. (You are free to decline the loans if you do not want to receive them.)

Keep in mind, though, that all graduate teaching and research award decisions are made by the individual academic departments and not the Office of Graduate Studies. (As such, the terms and conditions of the awards vary.) Also please note that financial support is generally reserved for those students pursuing a doctoral degree.

Merit-Based Scholarships Eligibility

Once you are admitted as a first-time, full-time freshman, your academic records such as SAT/ACT scores and high school GPA, are reviewed to determine your eligibility for NJIT scholarships. Also, many scholarships require that you demonstrate financial need. To be considered for need-based scholarships, you must also have a processed FAFSA on file for the academic year. Scholarship application forms are available here. Please be advised that the combination of grants and scholarships, generally, cannot exceed the student charges the scholarship was intended to pay such as tuition and fees; and if so, the scholarship amounts may be reduced when other aid on the package already funds such charges.

Most merit-based scholarship programs require that you be enrolled full time and maintain a minimum grade point average (GPA) of 3.0. Most scholarships are renewable, but some are not. To continue receiving renewable scholarships, you must continue to meet the scholarship criteria as set forth in the scholarship agreement. However, because some external scholarships funds are determined by the value from the market, there could be occasions where a scholarship may have funds one year and not in a subsequent year if the market is unfavorable. Students will be notified if they are impacted ahead of time so that other options are explored.

For most scholarship programs, NJIT monitors whether a scholarship can be renewed after the spring semester. General scholarship requirements are the following:

  • Continuous full-time enrollment;
  • Meet the standards of Financial Aid Satisfactory Academic Progress (SAP) as outlined here.
  • Maintain a cumulative 3.0 GPA (at time of the annual review in June) and attain a minimum 3.0 GPA for each and every semester;
  • Not exceed the maximum terms (4-years for non-Architect students and 5-years for Architect students and 3 years for accelerated programs), including the number of years/semesters you have already taken.
  • Combination of grants and scholarships awards does not exceed student bill tuition charges or the amount the funds were intended to pay for. The detailed scholarship policy can be found here.

If you are a scholarship recipient and are no longer meeting the scholarship criteria, you are given notification and provided scholarship appeal procedures. Students can only appeal once for a scholarship reinstatement – no second or further appeals requests will be granted. Note that the scholarship appeal process differs and is separate from the SAP appeal process described in “Section X. Satisfactory Academic Progress (SAP) Policy.”

Scholarship Universe

NJIT invested in a scholarship software to assist students find external scholarships to help meet their educational expenses. The Scholarship Universe software allows students to precisely locate scholarships that meet the student’s academic profile. Student’s with a UCID account can access the software to begin their search. Once students apply, they are taken to the external organization for further follow-up. You can apply here.

Scholarship Policies

Uniform Awarding and Application of Payment

The process for awarding and applying funds to the student account follows the below Uniform Awarding and Application of Payment procedure. When instituting this order, awards will not exceed the charges intended to fund factoring in other awards that are part of the package.

  • Direct Charge and Award Lines
  • Tuition-Aid-Grants
  • Third Party Contracts/External Scholarships*
  • NJIT Scholarships (Processed by Student Financial Aid Services)
    • Donors
      • Tuition Only
      • Tuition and Fees
      • Donor supported up to tuition, fees, housing and food
      • Donor supported up to cost of attendance
    • Institutional
      • Tuition Only
      • Tuition and Fees
  • Federal Supplemental Educational Opportunity Grant (SEOG)
  • Federal Pell Grant
  • Athletic Aid
  • Mandated State Waivers (National Guard, Unemployment)
  • NJIT Tuition Remission
  • Student Loans
  • Student Payments

*Click here for a glossary of terms

* External third party contracts/awards may supersede this order since third party contracts/awards may indicate a specific application of payment (e.g. Tuition, fees etc.). External (third party) scholarships without any indication from the external agency as to application of payment will be processed so that the combination of the external and other relevant grants and scholarships will not produce a credit but will be applied to pay tuition, fees, and on-campus housing and food, if applicable. Other external prestigious awards such as the Bauder, Goldwater, National Science Foundation, Department of Defense, Fulbright and Cambridge awards, will have an award cap up to tuition, fees, housing, food and an NJIT Bookstore credit up to $1,200. No cash award will be provided.

The award renewal and application of payment procedure for previous donor-sponsored scholarship recipients where the scholarship intent was unspecified, will follow the previous process as they will be “grandfathered” until graduation, provided the student meets the general scholarship eligibility requirements. The award terms and conditions are accessible on the student’s Highlander Pipeline portal Financial Aid Self-Service Awards section. Although prior recipients of donor-sponsored scholarship awards with unspecified intent will be grandfathered, all awards after Fall 2018 will follow the Uniform Awarding and Application of Payment procedure. Any scholarship with unspecified purpose will be applied towards tuition, tuition-related fees, and on-campus housing and food minus other awards that already cover these charges. However, If the student is a recipient of an NJIT institutional scholarship and was selected to receive a donor-sponsored scholarship, and both awards duplicate the benefit, the institutional award will be reduced first to correct the over award.

Combining Scholarship Awards/Scholarship Over awards
In general, the total amount a student is awarded cannot exceed the charges the award intended to pay. In some instances, when tuition-based grants (like TAG Grants) and NJIT tuition-based scholarships are part of the package, students are limited to receiving these awards up to the cost of tuition. While other NJIT merit scholarships (like Honors scholarship and Freshmen Highlander Scholarships) are restricted to tuition and fees, the combination of other tuition and fee based awards cannot exceed the value of tuition and fees. Federal Pell or SEOG Grants are never reduced in the context of scholarship awarding as the fund can pay up to the cost of attendance.

Outside Scholarships
External scholarships from private organizations may also be restricted to specific expenses by the organization awarding it, and the Office of Student Financial Aid working in conjunction with the Bursar’s Office will apply the scholarships accordingly. This could reduce previously awarded funds. Depending on the type of award and the purpose for the external scholarship, institutional and donor-sponsored scholarships may be reduced to correct the excess. For example, if an outside scholarship is received and it specifies the funds should be used for tuition and an NJIT merit scholarship is already covering tuition, the NJIT merit scholarship will be reduced to factor in the outside scholarship.

On-Campus Housing
For scholarship awarding purposes, on-campus housing constitutes on-campus dorms and the Greek Village as they are owned and/or operated by NJIT. University Centre is not considered on-campus for awarding purposes.

Renewal Process/ Award Selections
To provide adequate time for students and families to plan for their educational expenses, timely awards are necessary. To that end, all scholarship selections from academic departments must be completed no later than June 30 for the upcoming fiscal year. All donor-sponsored scholarships are expected to be renewed provided there is funding and prior recipients continue to meet the scholarship criteria as specified on the scholarship agreement. The University recognizes the value of scholarship renewals as it provides continuous student financial support.

Application of Payment Policy
Further details on the University’s policy for Application of Payment can be found at: http://www.njit.edu/bursar/application-payment/

Uniform Awarding and Application of Payment

Effective Fall 2018, the process for awarding and applying funds to the student account will follow the below Uniform Awarding and Application of Payment procedure. When instituting this order, awards will not exceed the charges intended to fund factoring in other awards that are part of the package.

  • Direct Charge and Award
  • Lines Tuition-Aid-Grants
  • Third Party Contracts/External Scholarships*
  • NJIT Scholarships (Processed by Student Financial Aid Services)
    • Donors
      • Tuition Only
      • Tuition and Fees
      • Donor supported up to tuition, fees, housing and food
      • Donor supported up to cost of attendance
    • Institutional
      • Tuition Only
      • Tuition and Fees
  • Federal Supplemental Educational Opportunity Grant (SEOG)
  • Federal Pell Grant
  • Athletic Aid
  • Mandated State Waivers (National Guard, Unemployment)
  • NJIT Tuition Remission
  • Student Loans
  • Student Payments

*Click here for a glossary of terms

*External third party contracts/awards may supersede this order since third party contracts/awards may indicate a specific application of payment (e.g. Tuition, fees etc.). External (third party) scholarships without any indication from the external agency as to application of payment will be processed so that the combination of the external and other relevant grants and scholarships will not produce a credit but will be applied to pay tuition, fees, and on-campus housing and food, if applicable. Other external prestigious awards such as the Bauder, Goldwater, National Science Foundation, Department of Defense, Fulbright and Cambridge awards, will have an award cap up to tuition, fees, housing, food and an NJIT Bookstore credit up to $1,000. No cash award will be provided.

The award renewal and application of payment procedure for previous donor-sponsored scholarship recipients where the scholarship intent was unspecified, will follow the previous process as they will be “grandfathered” until graduation, provided the student meets the general scholarship eligibility requirements. The award terms and conditions are accessible on the student’s Highlander Pipeline portal Financial Aid Self-Service Awards section. Although prior recipients of donor-sponsored scholarship awards with unspecified intent will be grandfathered, all new Fall 2018 awards will follow the Uniform Awarding and Application of Payment procedure. Any scholarship with unspecified purpose will be applied towards tuition, tuition-related fees, and on-campus housing and food minus other awards that already cover these charges. However, If the student is a recipient of an NJIT institutional scholarship and was selected to receive a donor-sponsored scholarship, and both awards duplicate the benefit, the institutional award will be reduced first to correct the over award.

Combining Scholarship Awards/Scholarship Over awards

In general, the total amount a student is awarded cannot exceed the charges the award intended to pay. In some instances, when tuition-based grants (like TAG Grants) and NJIT tuition-based scholarships are part of the package, students are limited to receiving these awards up to the cost of tuition. While other NJIT merit scholarships (like Honors scholarship and Freshmen Highlander Scholarships) are restricted to tuition and fees, the combination of other tuition and fee based awards cannot exceed the value of tuition and fees. Federal Pell or SEOG Grants are never reduced in the context of scholarship awarding as the fund can pay up to the cost of attendance.

Outside Scholarships

External scholarships from private organizations may also be restricted to specific expenses by the organization awarding it, and the Office of Student Financial Aid working in conjunction with the Bursar’s Office will apply the scholarships accordingly. This could reduce previously awarded funds. Depending on the type of award and the purpose for the external scholarship, institutional and donor-sponsored scholarships may be reduced to correct the excess. For example, if an outside scholarship is received and it specifies the funds should be used for tuition and an NJIT merit scholarship is already covering tuition, the NJIT merit scholarship will be reduced to factor in the outside scholarship.

On-Campus Housing

For scholarship awarding purposes, on-campus housing constitutes on-campus dorms and the Greek Village as they are owned and/or operated by NJIT. University Centre is not considered on-campus for awarding purposes.

Renewal Process/ Award Selections

To provide adequate time for students and families to plan for their educational expenses, timely awards are necessary. To that end, all scholarship selections from academic departments must be completed no later than June 30 for the upcoming fiscal year. All donor-sponsored scholarships are expected to be renewed provided there is funding and prior recipients continue to meet the scholarship criteria as specified on the scholarship agreement. The University recognizes the value of scholarship renewals as it provides continuous student financial support.

Application of Payment Policy

Further details on the University’s policy for Application of Payment can be found at: http://www.njit.edu/bursar/application-payment/

Call them scholarships. Call them grants. Call them awards, assistance, or financial aid. No matter what words you use, it's free money you're talking about.

At NJIT, we believe in rewarding your hard work and dedication. Whether it’s for your academic excellence, athletic achievements, SAT scores, financial need, or residency status, we’ve got hundreds of scholarships, grants, and awards waiting for you. The best part? If you’ve filled out your FAFSA, you’re automatically considered for every award you're eligible for – no extra effort needed!

Renewing Your Scholarships – It's Easy!

  • Merit-Based Scholarships: Most of our merit-based scholarships renew year after year. As long as you continue meeting the requirements outlined in your scholarship agreement and NJIT's Satisfactory Academic Progress standards, your award will be automatically renewed.

  • Need-Based Awards: These will be adjusted each year based on your financial situation and where you are in your academic journey.

What Happens If Your Scholarship Isn't Renewed?

As a student on scholarship probation, the terms and conditions at the conclusion of the fall semester are as follows:

  • Earn at least a 3.0 term GPA at the conclusion of the fall semester

At the conclusion of the fall semester, a review of your fall grade(s) and term gpa will be reviewed and you will be informed whether you met the scholarship requirements for the next semester. 

Note: Honors students on probation have a higher gpa requirement for probation (please speak to your Honors advisor for details).

If one or more of your scholarships doesn't get renewed, you'll be notified by e-mail. You can appeal the decision by submitting this online application to the scholarship appeals committee, care of the director of NJIT Student Financial Aid Services. In your letter, you must describe, in detail, the circumstances that prevented you from meeting the eligibility criteria. Reinstatement of the scholarship will depend on the circumstances detailed in your appeal letter and the availability of funding at the time of your request. To view the appeal deadline go to Deadlines to Watch.

There are two types of Federal Direct PLUS loans. These loans are available to parents of dependent students and graduate students. 

Federal Direct Parent PLUS Loan

The Federal Direct Parent PLUS Loan for undergraduate students is a credit-based loan available to biological or adoptive parent of dependent undergraduate students who are enrolled at least half-time (6 credits) in a degree seeking program. The student must be making Satisfactory Academic Progress (SAP). The interest rate is variable and adjusted each year on July 1. 

There is also an origination fee which is a percentage of the total loan amount which is deducted before the loan is credited to student's billing statement. Parents should consider the origination fee when determining the amount of the loan request. 

Learn more about the Federal Direct Parent PLUS loans. 

Who can borrow: U.S. citizens and eligible non-citizens can apply.

Maximum amount: The loans cover the cost of attendance minus other aid.

Repayment: Payment begins 60 days after the last disbursement of the year is made. Parent may request deferment of repayment while the student is in school and for up to 6 months after the student graduates, drops below half-time or withdraws from school. 

How to apply: Complete the credit-based Parent PLUS Application. 

Other requirements:

  • Student must complete the Free Application for Federal Student Aid (FAFSA).
  • Parent must sign a Master Promissory Note (MPN) for funds to be disbursed.

Federal Direct Grad PLUS Loan

Federal Direct Grad PLUS loan is a credit-based loan available to students attending graduate school who are enrolled at least half-time in a degree seeking program. The student must be a U.S. citizen or eligible non-citizen and making Satisfactory Academic Progress (SAP). The interest rate is variable and adjusted each year on July 1. 

There is also an origination fee which is a percentage of the total loan amount which is deducted before the loan is credited to student's billing statement. Students should consider the origination fee when determining the amount of the loan request. 

Learn more about the Federal Direct Grad PLUS loans. 

Who can borrow: U.S. citizens and eligible non-citizens can apply.

Maximum amount: The loans cover the cost of attendance minus other aid.

Repayment: Student may request deferment of repayment while the student is in school and for up to 6 months after the student graduates, drops below half-time or withdraws from school. 

How to apply: Complete the credit-based Grad PLUS Application. 

Other requirements:

  • Student must complete the Free Application for Federal Student Aid (FAFSA).
  • Must sign a Master Promissory Note (MPN) for funds to be disbursed.

Federal Direct Loans (Subsidized/Unsubsidized)

Federal student loans are available to eligible students (U.S. citizens, permanent residents, and eligible non-citizens) who submit a Free Application for Federal Student Aid (FAFSA). These loans are available to qualifying full-time or part-time (6 credits) undergraduate and graduate students (Unsubsidized only) who are making Satisfactory Academic Progress (SAP) and are accepted into a degree-granting program (some graduate certificates are eligible too). Federal Direct Loans offer better options than private loans from banks. We encourage students to use federal loans before other private loans, which can carry costly fees and higher interest rates. See the loan Repayment Plans.

Learn more about the Federal Direct Subsidized/Unsubsidized loans. 

Federal Direct Subsidized Loan 

These are need-based low-interest loans from the U.S. Department of Education, administered by NJIT. Borrowers must demonstrate financial need after all other awards (grants, scholarships, and federal work-study) are considered. Because these are need-based loans (based on FAFSA), the government pays the interest while the student is enrolled at least half-time (6 credits). You must pay the principal and interest during the repayment period which occurs six months following graduation, or if you are enrolled less than half-time (<6 credits) or withdraw from the university. The federal government withholds an origination fee to defray the costs of administering the loan programs.

Federal Direct Unsubsidized Loan 

These are non-need-based, low-interest loans from the U.S. Department of Education, administered by NJIT. Both undergraduate and graduate students may be eligible but must be enrolled at least half-time (6 credits). Payment is deferred as long as the student is enrolled at least half-time; after deferment, there is a six-month grace period. The borrower is responsible for the interest on these loans from the time the loan is disbursed. Students may choose to make loan payments while in school (recommended) or allow the interest to accumulate. The federal government withholds an origination fee to defray the costs of administering the loan programs.

Required Loan Documents

First-time borrowers must complete the following documents:

  • Master Promissory Note (MPN)
  • Entrance Counseling 

As a Federal Direct Loan borrower, before you graduate, or if you drop below less than half-time enrollment, you must complete:

  • Exit Counseling discusses topics such as repayment options, grace periods, deferment, and more.

How Loan Amounts are Determined

The amount of federal loans offered is based on the following factors (see the chart below for details):

  • Undergraduate or graduate student
  • Grade level (freshman, sophomore, junior/senior)
  • Dependency status
  • Previous federal loan balances

Annual and Aggregate Federal Direct Loan Limits (Subsidized and Unsubsidized)

Year Dependent Students (except students whose parents are unable to obtain PLUS Loans)  Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans) 
First-Year 
Undergraduate Annual loan Limit 
$5,500 – No more than $3,500 of this amount may be in subsidized loans.  $9,500 – No more than 
$3,500 of this amount may be in subsidized loans. 
Second-Year Undergraduate Annual loan Limit  $6,500 – No more than $4,500 of this amount may be in subsidized loans.  $10,500 – No more than 
$4,500 of this amount may be in subsidized loans. 
Third-Year and Beyond Undergraduate Annual loan Limit  $7,500 – No more than $5,500 of this amount may be in subsidized loans.  $12,500 – No more than $5,500 of this amount may be in subsidized loans. 
Graduate or Professional Students Annual Loan Limit  Not Applicable (all graduate and professional students are considered independent)  $20,500 (unsubsidized only) 
Subsidized and Unsubsidized Aggregate Loan limit  $31,000 – No more than $23,000 of this amount may be in subsidized loans.  $57,500 for undergraduates – No more than $23,000 of this amount may be in subsidized loans. 
$138,500 for graduate or professional students – No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study. 

Public Service Loan Forgiveness

A new program established by the College Cost Reduction & Access Act offering loan forgiveness after 10-years of public service employment.

To qualify for loan forgiveness, a borrower must make qualifying monthly loan payments (120 payments) while working full-time in qualifying public service employment. For further information, view the Public Service Loan Forgiveness document.

Next Steps for Graduating Students

For important information and resources for graduating students, please visit here.

  • Read more about Scholarship Appeal Form 2023-2024

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For the Media
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  • University Heights, Newark, New Jersey 07102 USA
  • (973) 596-3000
  • FAFSA Code: 002621
  • College Board Code: 2513
  • Privacy Policy
Facebook
Linkedin
Twitter
more
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