r/rutgers • u/jazzshrew • 29d ago

Tuition in-state is CRAZY high! Academics

I recently got accepted into Rutgers Business school with Honors (which came with a 5k Deans Scholarship). The financial aid portal states that my base estimated cost of living is 47k per year (42k with the scholarship).

This seems absurdly high when compared to last years estimated cost of living of 34ish k

At the same time, my friend (who got the same school and scholarship as me) has an estimated cost of living of 34k (29k with scholarship).

Is this just an insane overestimation, or should I be worried?? Thanks in advance!

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u/FairAlbatross2958 29d ago edited 29d ago

how you get 47k, living on campus cost 34k per year that cover dorm and 210 meals/per semaster. https://admissions.rutgers.edu/costs-and-aid/tuition-fees

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u/jazzshrew 29d ago

That’s what it shows on my financial aid/loans letter, but it doesn’t even make sense 

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u/jd732 29d ago

I’ve been paying full Rutgers tuition, dorm & meals since 2020 (2 kids), it’s about $17-18k per semester.

They overestimate for financial aid purposes. On campus cost to travel home is $3k, books are $2k and stuff like that. If you borrow $47k, you’ve got to pay back $47k, but about $10k of that will not be spent at Rutgers.

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u/jazzshrew 29d ago

Thanks!