$5,809

Avg. Federal Grant

$4,836

Avg. Federal Loan

$32,803,640

Total Aid Awarded

Richland College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$32.804M

Financial Aid Official Website

www.richlandcollege.edu/pc/fa/pages/fa-offices.aspx

Notably, 51% of the students at Richland College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,407,695. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.richlandcollege.edu/pc/fa/pages/fa-offices.aspx. Notably, a total of 35% of the applicants to Richland College receive the Federal Grant every year. On the other hand, 46% of the candidates get the Student Grant, 7% receive the Institution Grant, and 35% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,926, while the same comes to $1,471 for State Grant receivers and $1,573 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,000. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Richland College, the percentage of candidates who opt to avail of student loans is around 6%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

18%

Institution Grant Aid

3%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$5,809

State Grant Aid

$2,097

Institution Grant Aid

$1,614

Pell Grant

$5,809

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with Federal grants having the percentage contribution of 41% with an average aid amount being $5,809.

Pell grants have a percentage of 41% with an average aid amount of $5,809 which is higher than the State grant aid average of $2,097.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,460

$30,001 - $48,000

$5,332

$48,001 - $75,000

$3,270

$75,001 - $110,000

$873

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $6,460 while those with family income between $75,001-$110,000 can expect to receive an aid amount of $873, there is no sufficient data available for the family income over $110,000 please refer to the official website for more details. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Richland College

Average Loan Amount Average Loan Amount received per year.

$4,836/Year

Students Taking Out Loans

8%

Loan Default Rate

15.5%

Other Colleges In Dallas

Parker University
Parker University

Dallas, Texas

Paul Quinn College
Paul Quinn College

Dallas, Texas

Other Public Colleges

Minot State University (MSU)
Minot State University (MSU)

Minot, North Dakota

East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina