Tuition for New Jersey residents attending Rowan University rose by 4% during the 2022-23 academic year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Residents of New Jersey paid $14,952 to attend the public university this year, an increase of $576 from the $14,376 charged in the 2021-22 academic year.
Non-resident students were charged $24,345 for the 2022-23 school year, which is 62.8% higher than the in-state rate and reflects a 4% increase from $23,408 in the previous year.
Approximately 94% of Rowan University’s undergraduate students are New Jersey residents, while about 5% come from other states and 1% are international students.
Data indicates that 93% of full-time undergraduates who enrolled in the 2022-23 academic year received some form of financial aid. A total of 2,196 students were awarded grants or scholarships amounting to $26.3 million, and 1,379 students obtained student loans exceeding $12.7 million.
Across all undergraduate students, 11,106 individuals received grants or scholarships totaling $114.4 million. Additionally, 6,749 students borrowed $44.5 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Rowan University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 876 | 34% | $5.1 million | $5,786 |
| State / local grant or scholarship | 836 | 32% | $6.5 million | $7,834 |
| Institutional grants or scholarships | 1,973 | 77% | $14.7 million | $7,451 |
| Grant or scholarship aid total | 2,196 | 85% | $26.3 million | $11,985 |
| Federal student loans | 1,309 | 51% | $7 million | $5,311 |
| Other student loans | 324 | 13% | $5.8 million | $17,806 |
| Student loan aid | 1,379 | 54% | $12.7 million | $9,225 |
| Total student aid | 2,398 | 93% | $39 million | $16,280 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
