$4,011

Avg. Federal Grant

$2,965

Avg. Federal Loan

$8,325,783

Total Aid Awarded

Rio Salado College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

19%

Total Aid Amount Average Total Aid Awarded per year.

$8.326M

Financial Aid Official Website

N/A

Notably, 77% of the students at Rio Salado College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,686,878. At RSC, the total percentage of applicants who receive the Federal Grant stands at 66%. Meanwhile, 68% of the applicants receive the Student Grant and 13% are awarded the Institution Grant, while 66% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,526, the State Grant receivers and Institution Grant beneficiaries get $1,000 and $770, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,114. 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. 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 Rio Salado College, the percentage of candidates who opt to avail of student loans is around 38%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

1%

Institution Grant Aid

14%

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$4,011

State Grant Aid

$1,000

Institution Grant Aid

$755

Pell Grant

$3,986

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,311

$30,001 - $48,000

$3,103

$48,001 - $75,000

$4,251

$75,001 - $110,000

$2,853

Over $110,000

N/A

Student Loans for Rio Salado College

Average Loan Amount Average Loan Amount received per year.

$2,965/Year

Students Taking Out Loans

47%

Loan Default Rate

18%