$4,313

Avg. Federal Grant

$4,683

Avg. Federal Loan

$5,782,358

Total Aid Awarded

New River Community College (NRCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$5.782M

Financial Aid Official Website

www.nr.edu/fa/

Students can avail of scholarships provided by the college, such as Virginia Military Survivors and Dependents Education Program, if they find educational expenses to be on the higher side. As many as 89% of the students at NRCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,701,449 in a year. More information regarding the financial assistance schemes can be accessed on NRCC’s official financial aid page at http://www.nr.edu/fa/. The total percentage of candidates applying to New River Community College who receive the Federal Grant is 52%. Meanwhile, 63% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 52% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,275, the State Grant receivers and Institution Grant beneficiaries get $1,543 and $1,353, respectively. And, for the Pell Grant awardees, the average aid amount is $3,605. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At New River Community College, the percentage of candidates who opt to avail of student loans is around 8%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

42%

Institution Grant Aid

14%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,313

State Grant Aid

$1,321

Institution Grant Aid

$1,501

Pell Grant

$4,245

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,123

$30,001 - $48,000

$5,318

$48,001 - $75,000

$3,263

$75,001 - $110,000

$997

Over $110,000

N/A

Student Loans for New River Community College (NRCC)

Average Loan Amount Average Loan Amount received per year.

$4,683/Year

Students Taking Out Loans

15%

Loan Default Rate

17.3%

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