Institutional Rates

Institutional Rates

Institutional Rates

Institutional Data Sheet

Fringe Rate Agreement, State of New Jersey - FY20

Glassboro/Camden/CMSRU/Stratford:

  • 46.15% Full-time grant-funded faculty; departmental salary reimbursement
  • 7.65%  Current part-time/hourly staff; faculty course release; faculty & staff salary voucher; faculty summer salary
  • 0% Student Workers

Projected FY21 Fringe Rate Agreement, State of New Jersey:

Glassboro/Camden/CMSRU/Stratford:

  • 53.25% Full-time grant-funded faculty; departmental salary reimbursement
  • 7.65%  Current part-time/hourly staff; faculty course release; faculty & staff salary voucher; faculty summer salary
  • 0% Student Workers

F&A Rate Agreement - FY20-23 (current - DHHS)

Glassboro/Camden/SJTP Campuses

  • 50% on-campus
  • 26% off-campus

SOM and CMSRU Campuses

  • 61% on-campus (Research Projects)
  • 26% off-campus (Research Projects)
  • 63% on-campus (Instruction)
  • 26% off-campus (Instruction)
  • 37% on-campus (Other Sponsored Programs)
  • 26% off-campus (Other Sponsored Programs)

Tuition Rates

Undergradute, graduate, and Rowan Global tuition rates can be found on the Bursar's website

Course Buyout

Course release, or “Course Buy-Out,” is charged at 12.5% (proportionate to three teaching credits) of the faculty member’s IBS  and must include associated FICA benefits and university overhead. Faculty are required to teach a minimum of one course per semester. 

Example: Dr. Jones makes $100k for teaching 4 courses per semester (24 credits per year). She is requesting a 3-credit release ONLY in fall (3 credits total), therefore her per-credit release rate is $100,000/24 = $4,166. To budget for a 3-credit release, she will multiply her per-credit rate by the 3; her total salary release cost is $12,498, or approximately 1/8 of salary. In addition, she will need to add 7.65% FICA, making her total request $13,454.

Human Subjects Incentives and Other Gift Card Purchases

Starting March 1, 2021 Rowan University will be modifying the gift card policy for purchasing gift cards related to human subject incentives, prizes, awards, etc. The fees associated that should be budgeted for gift cards are as follows:

Fee per physical card: $3.95 (Virtual cards only cost $1.50)
Reload fee: $1.15

In the example shown below, it will cost $151 to issue ten $10 gift cards:

10 Cards:     Total
Card Fee:     $3.95     x10 $39.50   
Load Fee: $1.15 x10 $11.50
Card Amount:  $10.00 x10 $100.00
Total:     $151.00

Additional funds can be added to existing cards at any time. When additional funds or milestone payments are made (multiple payments on one gift card), relevant Load Fees need to be budgeted. This example shows ten gift cards that will each be loaded with three separate $10 payments:

10 Cards with 3 Loads:       Total
Card Fee:     $3.95     x10 $39.50   
Load Fee, 3 loads each on 10 cards: $1.15 x30 34.50
Card Amount:  $10.00 x30 $300.00
Total for 10 cards:     $374.00

Purchases of gift cards are subject to indirect costs on grant applications when allowed by the funding agency. More information will be forthcoming from Accounts Purchasing/Accounting, including the gift portal website and training material. Questions about the gift card purchasing policy and process can be directed to giftcards@rowan.edu

Hourly Employee Rates

Human Resources website

Calculating Person-Months

What is a person-month and how do I calculate it?

A “person month” is the metric for expressing the effort (amount of time) principal investigators (PIs), faculty and other senior personnel devote to a specific project. The effort is based on the type of appointment of the individual with the organization; e.g., calendar year (CY), academic year (AY), and/or summer term (SM); and the organization’s definition of such. For instance, some institutions define the academic year as a 9-month appointment while others define it as a 10-month appointment.

For more details and examples of how to calculate person-months, see NIH guidance. A percent to person-month calculator is also on the final tab of Rowan's budget template

Rowan University Audited Financial Statements 

Rowan University Board of Trustees