Reading Area Community College (RACC) Financial Aid and Scholarships
Students Receiving Aid
61%
Total Aid Amount
$10.377M
Financial Aid Official Website
https://www.racc.edu/admissions/financial-aid
As many as 83% of the students at RACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,766,379 in a year. For additional information about financial assistance schemes, one can head over to RACC’s financial aid page at https://www.racc.edu/admissions/financial-aid. At RACC, the total percentage of applicants who receive the Federal Grant stands at 63%. On the other hand, 83% of the candidates get the Student Grant, 21% receive the Institution Grant, and 63% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,961, the State Grant receivers and Institution Grant beneficiaries get $1,415 and $2,679, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,762. 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. Every year, around 32% of the applicants to Reading Area Community College opt for student loans.
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