Rutgers University–New Brunswick today (February 21) introduced a new financial aid program called the “Scarlet Guarantee.”
The program is set to enable New Jersey students with family incomes below $65,000 to attend the university tuition free. It will also provide a sliding scale that significantly limits the amount of out-of-pocket tuition and fees paid by students with family incomes below $100,000.
The official press release states:
The Scarlet Guarantee will be available to first- and second-year students and is linked to the Garden State Guarantee, a new statewide program launched last month by New Jersey Governor Phil Murphy for third- and fourth-year students. An estimated 7,600 students at Rutgers University-New Brunswick are expected to take advantage of the programs.
“These new programs are transformational for our state’s students,” said Rutgers University–New Brunswick Chancellor-Provost Francine Conway. “Students who once thought a college education could never be within reach will have the access and opportunity to fulfill their life’s ambition. I couldn’t be more thrilled that Rutgers-New Brunswick will now be more inclusive of all students.”
As we kick off Access Week, Chancellor-Provost Conway introduces the Scarlet Guarantee, an exciting new program that significantly expands financial support for qualified limited-income students—including free tuition for some.— Rutgers University–New Brunswick (@RutgersNB) February 21, 2022
In combination with the Garden State Guarantee, the Scarlet Guarantee will provide the following coverage for undergraduate students for four years:
- Adjusted Gross Income of $65,000 or less: Full annual tuition and mandatory fees
- Adjusted Gross Income of $65,001 to $80,000: Students will pay no more than $3,000 per year toward tuition and mandatory fees
- Adjusted Gross Income of $80,001 to $100,000: Students will pay no more than $5,000 per year toward tuition and mandatory fees
The Scarlet Guarantee builds upon the foundation of our Garden State Guarantee program and is a game-changer for the @RutgersU community. I applaud President Holloway & Chancellor-Provost Conway for this initiative to put an undergraduate education within reach for more students. https://t.co/a2QlzTzMwj— Governor Phil Murphy (@GovMurphy) February 21, 2022
Students are automatically considered for the Scarlet Guarantee when they complete the Free Application for Federal Student Aid (FAFSA) or, if they qualify as a New Jersey Dreamer, the NJ Alternative Financial Aid Application.
The Garden State Guarantee was signed into law by Governor Phil Murphy and will be first implemented in the 2022-23 academic year.