$4,258

Avg. Federal Grant

$4,195

Avg. Federal Loan

$4,790,525

Total Aid Awarded

Richland Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$4.791M

Financial Aid Official Website

www.richland.edu/finaid

It is interesting to note that, every year, around 87% of students at RCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,114,487. For additional information about financial assistance schemes, one can head over to RCC’s financial aid page at http://www.richland.edu/finaid. The total percentage of candidates applying to Richland Community College who receive the Federal Grant is 55%. In comparison, 80% of the students are awarded the Student Grant, 43% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,389, and the same stands at $1,106 for State Grant awardees and $1,624 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,534. 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. Candidates are also required to repay these loans within a given period. At RCC, an estimated number of 13% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

21%

Institution Grant Aid

41%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,258

State Grant Aid

$1,016

Institution Grant Aid

$2,207

Pell Grant

$4,205

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,438

$30,001 - $48,000

$4,949

$48,001 - $75,000

$3,524

$75,001 - $110,000

$1,747

Over $110,000

$356

Student Loans for Richland Community College

Average Loan Amount Average Loan Amount received per year.

$4,195/Year

Students Taking Out Loans

15%

Loan Default Rate

27.5%

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