$4,612

Avg. Federal Grant

$4,604

Avg. Federal Loan

$9,617,647

Total Aid Awarded

Raritan Valley Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

29%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

17%

Institution Grant Aid

5%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,612

State Grant Aid

$2,212

Institution Grant Aid

$1,125

Pell Grant

$4,510

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,124

$30,001 - $48,000

$5,598

$48,001 - $75,000

$3,272

$75,001 - $110,000

$484

Over $110,000

$43

Student Loans for Raritan Valley Community College

Average Loan Amount Average Loan Amount received per year.

$4,627/Year

Students Taking Out Loans

12%

Loan Default Rate

11.6%

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