Raritan Valley Community College Financial Aid and Scholarships
Students Receiving Aid
29%
Total Aid Amount
$9.618M
Financial Aid Official Website
https://www.raritanval.edu/studentserv/finaid/index.html
Notably, 49% of the students at Raritan Valley Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,654,585. For additional information about financial assistance schemes, one can head over to RVCC’s financial aid page at https://www.raritanval.edu/studentserv/finaid/index.html. Notably, a total of 35% of the applicants to Raritan Valley Community College receive the Federal Grant every year. On the other hand, 41% of the candidates get the Student Grant, 6% receive the Institution Grant, and 35% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,674, the State Grant receivers and Institution Grant beneficiaries get $2,239 and $1,184, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,720. 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. Candidates are also required to repay these loans within a given period. At Raritan Valley Community College, the percentage of candidates who opt to avail of student loans is around 11%.
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