$4,752

Avg. Federal Grant

$3,913

Avg. Federal Loan

$11,905,441

Total Aid Awarded

Red Rocks Community College (RRCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$11.905M

Financial Aid Official Website

www.rrcc.edu/financial-aid

Notably, 44% of the students at Red Rocks Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,700,471. One can visit RRCC's financial aid page at http://www.rrcc.edu/financial-aid for more information. At RRCC, the total percentage of applicants who receive the Federal Grant stands at 30%. In comparison, 43% of the students are awarded the Student Grant, 12% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,742, while the same comes to $2,882 for State Grant receivers and $2,098 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,576. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Red Rocks Community College, the percentage of candidates who opt to avail of student loans is around 19%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

29%

Institution Grant Aid

12%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,752

State Grant Aid

$2,341

Institution Grant Aid

$2,626

Pell Grant

$4,502

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,439

$30,001 - $48,000

$7,074

$48,001 - $75,000

$5,135

$75,001 - $110,000

$2,867

Over $110,000

$2,936

Student Loans for Red Rocks Community College (RRCC)

Average Loan Amount Average Loan Amount received per year.

$4,086/Year

Students Taking Out Loans

18%

Loan Default Rate

11.2%

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