$5,299

Avg. Federal Grant

$6,086

Avg. Federal Loan

$92,947,802

Total Aid Awarded

Rider University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$92.948M

Financial Aid Official Website

www.rider.edu/onestop

It is interesting to note that almost every student at RU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $17,832,355. For additional information about financial assistance schemes, one can head over to RU’s financial aid page at http://www.rider.edu/onestop. At RU, the total percentage of applicants who receive the Federal Grant stands at 36%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 36% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,425, while the same comes to $9,010 for State Grant receivers and $24,921 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,672. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $35,269 per year. The average aid amount stands at $34,363 for an annual family income between $30,001 and $48,000. This amount comes to $26,978 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $23,749. And, for those with a family income of more than $110,000, the amount stands at $20,503. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 RU, an estimated number of 74% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

33%

Institution Grant Aid

97%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,299

State Grant Aid

$9,393

Institution Grant Aid

$23,209

Pell Grant

$4,802

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,741

$30,001 - $48,000

$35,504

$48,001 - $75,000

$31,524

$75,001 - $110,000

$25,970

Over $110,000

$22,264

Student Loans for Rider University

Average Loan Amount Average Loan Amount received per year.

$10,532/Year

Students Taking Out Loans

76%

Loan Default Rate

4.3%

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