$7,258

Avg. Federal Grant

N/A

Avg. Federal Loan

$8,670,399

Total Aid Awarded

Randolph Community College (RCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$8.670M

Financial Aid Official Website

www.randolph.edu/financial-aid.html

Among them are scholarship programs such as North Carolina Student Incentive Grant and Triangle Scholarship Program. It is interesting to note that, every year, around 73% of students at RCC receive some kind of financial aid. For additional information about financial assistance schemes, one can head over to RCC’s financial aid page at http://www.randolph.edu/financial-aid.html. At RCC, the total percentage of applicants who receive the Federal Grant stands at 55%. On the other hand, 72% of the candidates get the Student Grant, 13% receive the Institution Grant, and 55% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,706, and the same stands at $2,034 for State Grant awardees and $1,253 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $6,542. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At RCC, an estimated number of 1% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

26%

Institution Grant Aid

17%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$7,258

State Grant Aid

$1,696

Institution Grant Aid

$876

Pell Grant

$7,241

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,493

$30,001 - $48,000

$8,452

$48,001 - $75,000

$6,370

$75,001 - $110,000

$6,108

Over $110,000

N/A

Student Loans for Randolph Community College (RCC)

Average Loan Amount Average Loan Amount received per year.

$5,800/Year

Students Taking Out Loans

1%

Loan Default Rate

N/A

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#N/A

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