$4,896

Avg. Federal Grant

$6,528

Avg. Federal Loan

$3,345,747

Total Aid Awarded

Richard Bland College of William and Mary Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

24%

Total Aid Amount Average Total Aid Awarded per year.

$3.346M

Financial Aid Official Website

www.rbc.edu/admissions/costs-financial-aid/

As many as 82% of the students at RBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,411,904 in a year. At RBC, the total percentage of applicants who receive the Federal Grant stands at 66%. In comparison, 70% of the students are awarded the Student Grant, 24% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,380, and the same stands at $2,868 for State Grant awardees and $1,709 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,501. 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. Candidates are also required to repay these loans within a given period. At Richard Bland College, the percentage of candidates who opt to avail of student loans is around 61%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

52%

Institution Grant Aid

14%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,896

State Grant Aid

$2,882

Institution Grant Aid

$1,623

Pell Grant

$4,604

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,695

$30,001 - $48,000

$7,157

$48,001 - $75,000

$4,176

$75,001 - $110,000

$1,922

Over $110,000

$736

Student Loans for Richard Bland College of William and Mary

Average Loan Amount Average Loan Amount received per year.

$6,758/Year

Students Taking Out Loans

56%

Loan Default Rate

13.7%