$4,218

Avg. Federal Grant

$4,896

Avg. Federal Loan

$9,167,759

Total Aid Awarded

Ridgewater College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$9.168M

Financial Aid Official Website

ridgewater.edu/admission-aid/paying-for-college/financial-aid/

Notably, 86% of the students at Ridgewater College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,435,448. At RC, the total percentage of applicants who receive the Federal Grant stands at 51%. Meanwhile, 66% of the applicants receive the Student Grant, while 51% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,740. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 43% of the applicants to Ridgewater College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

50%

Institution Grant Aid

N/A

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,218

State Grant Aid

$1,458

Institution Grant Aid

$1,388

Pell Grant

$4,070

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,745

$30,001 - $48,000

$5,805

$48,001 - $75,000

$3,274

$75,001 - $110,000

$766

Over $110,000

N/A

Student Loans for Ridgewater College

Average Loan Amount Average Loan Amount received per year.

$5,145/Year

Students Taking Out Loans

47%

Loan Default Rate

12.6%

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