$4,490

Avg. Federal Grant

$3,848

Avg. Federal Loan

$4,801,340

Total Aid Awarded

New River Community and Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$4.801M

Financial Aid Official Website

https://www.newriver.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Dr. Joseph C. Basile II Memorial Scholarship, Mary E. (Nalbach) Huseby Memorial Scholarship, and Mary T. Price Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 87% of students at NRCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $902,904. One can visit NRCTC's financial aid page at https://www.newriver.edu/financial-aid/ for more information. The total percentage of candidates applying to New River Community and Technical College who receive the Federal Grant is 69%. Meanwhile, 78% of the applicants receive the Student Grant and 7% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,884, while the same comes to $2,245 for State Grant receivers and $2,291 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,325. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At NRCTC, an estimated number of 18% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

42%

Institution Grant Aid

9%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$4,490

State Grant Aid

$2,212

Institution Grant Aid

$1,910

Pell Grant

$4,422

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,106

$30,001 - $48,000

$2,484

$48,001 - $75,000

$1,740

$75,001 - $110,000

$256

Over $110,000

N/A

Student Loans for New River Community and Technical College

Average Loan Amount Average Loan Amount received per year.

$3,848/Year

Students Taking Out Loans

30%

Loan Default Rate

15.6%

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