Rend Lake College Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$6.233M
Financial Aid Official Website
www.rlc.edu/financial-aid
As many as 87% of the students at RLC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on RLC’s official financial aid page at http://www.rlc.edu/financial-aid. Notably, a total of 48% of the applicants to Rend Lake College receive the Federal Grant every year. Meanwhile, 74% of the applicants receive the Student Grant and 44% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,610, and the same stands at $1,614 for State Grant awardees and $2,387 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,284. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 5% of the applicants to Rend Lake College opt for student loans.
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