$4,221

Avg. Federal Grant

$6,691

Avg. Federal Loan

$4,431,543

Total Aid Awarded

The Refrigeration School Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$4.432M

Financial Aid Official Website

https://www.refrigerationschool.com/financial-aid/

It is interesting to note that, every year, around 92% of students at RSI receive some kind of financial aid, while the total amount of assistance/loans provided is $7,825,694. Notably, a total of 77% of the applicants to Refrigeration School Inc receive the Federal Grant every year. Meanwhile, 85% of the applicants receive the Student Grant and 47% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,965, while the same comes to $11,259 for State Grant receivers and $1,623 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,512. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At RSI, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

5%

Institution Grant Aid

27%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$4,221

State Grant Aid

$11,221

Institution Grant Aid

$1,481

Pell Grant

$4,167

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,363

$30,001 - $48,000

$3,934

$48,001 - $75,000

$3,448

$75,001 - $110,000

$1,825

Over $110,000

$391

Student Loans for The Refrigeration School

Average Loan Amount Average Loan Amount received per year.

$6,874/Year

Students Taking Out Loans

59%

Loan Default Rate

8.5%

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