$5,019

Avg. Federal Grant

$6,955

Avg. Federal Loan

$20,207,333

Total Aid Awarded

Ripon College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$20.207M

Financial Aid Official Website

www.ripon.edu/financial-aid/

Among them are scholarship programs such as Academic Excellence Scholarship, Art Scholarship, Boy/Girl State Scholarship, and David L. Gasser Memorial Scholarship. As many as 99% of the students at RC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,046,325 in a year. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.ripon.edu/financial-aid/. The total percentage of candidates applying to Ripon College who receive the Federal Grant is 40%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,268, the State Grant receivers and Institution Grant beneficiaries get $3,317 and $27,877, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,140. 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 $34,289 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $33,403 and $32,817, respectively. Those with an annual income level of $75,001-$110,000 would receive $29,315, while candidates with more than $110,000 of family income receive an average federal aid of $27,414. 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. At RC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

50%

Institution Grant Aid

100%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,019

State Grant Aid

$2,919

Institution Grant Aid

$29,474

Pell Grant

$4,105

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$37,872

$30,001 - $48,000

$37,730

$48,001 - $75,000

$37,388

$75,001 - $110,000

$30,392

Over $110,000

$29,911

Student Loans for Ripon College

Average Loan Amount Average Loan Amount received per year.

$9,432/Year

Students Taking Out Loans

73%

Loan Default Rate

1.7%

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