$4,865

Avg. Federal Grant

$1,732

Avg. Federal Loan

$29,391,993

Total Aid Awarded

Rio Hondo College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$29.392M

Financial Aid Official Website

www.riohondo.edu/financial-aid/

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. As many as 89% of the students at RHC get some sort of financial aid, and the total amount of assistance/loans provided is more than $340,176 in a year. Notably, a total of 59% of the applicants to Rio Hondo College receive the Federal Grant every year. In comparison, 89% of the students are awarded the Student Grant, 13% get the Institution Grant, and 59% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,715, while the same comes to $1,617 for State Grant receivers and $495 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,729. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

84%

Institution Grant Aid

9%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,865

State Grant Aid

$2,105

Institution Grant Aid

$800

Pell Grant

$4,774

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,885

$30,001 - $48,000

$7,189

$48,001 - $75,000

$4,568

$75,001 - $110,000

$2,812

Over $110,000

N/A

Student Loans for Rio Hondo College

Average Loan Amount Average Loan Amount received per year.

$1,732/Year

Students Taking Out Loans

N/A

Loan Default Rate

15.3%

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