US citizens and eligible non-citizens must file the Free Application for Federal Student Aid® (FAFSA) at https://studentaid.gov/h/apply-for-aid/fafsa to determine their eligibility for a Federal Direct Loan. When completing the FAFSA, be sure to include the appropriate school code: Ross University School of Medicine: G22460. Once the Office of Student Finance has received your FAFSA information from the U.S. Department of Education, you may be required to submit additional information, such as citizenship documentation. The Office of Student Finance will notify you if you are required to submit additional information. If you have a complete file, we will determine your eligibility for the types of student loans listed below. Interest rates on federal student loans are based on the 10-year Treasury note plus a set percentage established by federal law. Visit https://studentaid.gov/h/manage-loans to find current interest rates and loan fees.
Federal Direct Graduate PLUS Loan
This is a non-need-based Federal loan which the student can borrow up to the cost of attendance, less other aid. The Federal Direct Graduate PLUS is a credit based loan. If a student does not have remaining eligibility for the
Federal Direct Unsubsidized Loan(s) because he or she has reached the maximum aggregate Federal Direct loan limit of $138,500, or academic year limit of $20,500, approved borrowers may be eligible for the Federal Direct Graduate PLUS Loan program up to their Cost of Attendance. Visit https://studentaid.gov/h/manage-loans to find current interest rates and loan fees. The federal government does not offer any grants or scholarships for graduate students.
For more information about the terms and repayment obligations, contact the Office of Student Finance at 732-509-3051 or FinAid@RossU.edu
Additionally, DeVry Medical International (DMI), offers a loan program to assist RUSM students in semesters 6-10. The DMI loan is designed to address financial challenges a student may experience after exhausting all other funding sources such as provincial and private loans. Eligible students may cumulatively receive up to $75,000 to cover tuition and fees.
Federal Direct Unsubsidized Loan
This is a non-need-based Federal loan with a limit of $10,250 per semester. The Department of Education charges an origination fee on the funds disbursed. Visit https://studentaid.gov/h/manage-loans to find current interest rates and loan fees.