by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Ramapo College of New Jersey can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Ramapo College offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Ramapo College of New Jersey.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Ramapo College of New Jersey, 85% of first-year full-time students received aid of some kind some 857 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $12,580 |
| Institutional grants & scholarships | 64% | $6,546 |
| Federal Pell grants | 33% | $6,227 |
| State/local grants | 30% | $8,224 |
| Federal student loans | 45% | $5,377 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Ramapo College, around 55% of undergraduates were awarded grant or scholarship aid averaging $12,714 (across approximately 2767 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $12,714 |
| Federal Pell grants | 28% | $5,780 |
| Federal student loans | 38% | $6,432 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,310.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,196 |
| $30,001 – $75,000 | $16,032 |
| Over $75,000 | $26,402 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,173 |
| Off-campus title-IV students | $20,360 |
For an estimate tailored to your family circumstances, see Ramapo College’s online cost calculator: npc.collegeboard.org/app/ramapo.
The median student at Ramapo College graduates with $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Ramapo College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $9,012 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,750 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,471 |
| Middle income | $14,500 |
| High income | $14,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,250 |
| Continuing-generation students | $14,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,604 |
| Independent students | $18,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at Ramapo College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Ramapo College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16330 |
| Total Stafford loan amount | $280,631,786 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 54 |
| Total GI Bill amount | $688,116 |
| Average GI Bill amount per recipient | $12,743 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.