{"id":377,"date":"2015-12-22T12:55:18","date_gmt":"2015-12-22T17:55:18","guid":{"rendered":"http:\/\/www.ramapo.edu\/admissions\/?page_id=377"},"modified":"2023-08-29T13:33:11","modified_gmt":"2023-08-29T17:33:11","slug":"educational-opportunity-fund","status":"publish","type":"page","link":"https:\/\/www.ramapo.edu\/admissions\/financial-aid-tuition\/educational-opportunity-fund\/","title":{"rendered":"Educational Opportunity Fund"},"content":{"rendered":"

The Educational Opportunity Fund (EOF) Program is one of the nation’s most successful comprehensive student support programs. The EOF Program at Ramapo College provides additional financial assistance to federal and state grants awarded. On average, over one million dollars in Ramapo College\/EOF Merit Scholarships (RCG\/EOF) and EOF State Grants are awarded annually to students enrolled in our EOF Program. Ramapo College contributes approximately $500,000 annually to our RCG\/EOF Scholarship Fund. Few other New Jersey colleges provide this level of financial support to their EOF Programs.<\/p>\n

In order to qualify, students must admitted to Ramapo College through the EOF Program, meeting academic and financial eligibility requirements. For information about requirements, visit the\u00a0Admissions Requirements\u00a0<\/a>page.<\/p>\n

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Financial Eligibility Requirements<\/h3>\n

Financial eligibility requirements for EOF consideration are determined by the State of New Jersey\u2019s Office of the Secretary of Higher Education and are the same for all EOF Programs in New Jersey.<\/p>\n

Freshmen<\/strong>\u00a0Financial<\/strong>\u00a0Requirements<\/strong> are based on the total family income and the household size supported by that income. Total family income includes all wages from work, non-taxable income and all assets the family possess. These income requirements change annually. For students beginning in the 2020-2021 academic year, the requirements are listed below.<\/p>\n\n\n\n\n\n\n\n
Household\u00a0<\/strong>Total<\/strong><\/td>\nMaximum\u00a0<\/strong>Income Allowed<\/strong><\/td>\nAsset Cap <\/strong>(Not to Exceed)<\/strong><\/td>\n<\/tr>\n
1<\/td>\n$24,980<\/td>\n$4,996<\/td>\n<\/tr>\n
2<\/td>\n$33,820<\/td>\n$6,764<\/td>\n<\/tr>\n
3<\/td>\n$42,660<\/td>\n$8,532<\/td>\n<\/tr>\n
4<\/td>\n$51,500<\/td>\n$10,300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Add $8,840 in income and $1,768 in assets for each additional member of household. Family assets cannot exceed more than 20% of the total income allowed.<\/em><\/p>\n

Financial eligibility for transfer applicants<\/strong>\u00a0is determined by the information provided on the applicant\u2019s Free Application for Federal Student Aid<\/a> (FAFSA) or NJ Alternative Financial Aid Application<\/a>. Transfer applicants should include Ramapo College on their FAFSA (Code: 009344) or on their NJAFA application.<\/p>\n

Financial Assistance for Incoming EOF Freshmen<\/h3>\n

Qualified EOF Freshmen receive a financial aid package that includes a combination of federal and state grants, institutional grants and subsidized federal student loans. The total amount of the award will be dependent on the information on each individual student\u2019s FAFSA or NJ Alternative Financial Aid (NJAFA) application and participation in the mandatory EOF Pre-Freshman Summer Studies Program.<\/p>\n

EOF Freshmen Funding Package: <\/strong>EOF Freshmen who successfully complete the mandatory EOF Pre-Freshman Summer Studies Program with a 2.5 GPA or higher are eligible to receive the following funding package that includes:<\/p>\n