$5,037

Avg. Federal Grant

$5,425

Avg. Federal Loan

$1,514,971

Total Aid Awarded

River Valley Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$1.515M

Financial Aid Official Website

www.rivervalley.edu/admissions/financial-aid

As many as 86% of the students at RVCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,223,989 in a year. More information regarding the financial assistance schemes can be accessed on RVCC’s official financial aid page at http://www.rivervalley.edu/admissions/financial-aid. The total percentage of candidates applying to River Valley Community College who receive the Federal Grant is 56%. On the other hand, 78% of the candidates get the Student Grant, 14% receive the Institution Grant, and 50% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,612, while the same comes to $1,053 for State Grant receivers and $950 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,818. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At RVCC, an estimated number of 47% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

31%

Institution Grant Aid

2%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,037

State Grant Aid

$1,277

Institution Grant Aid

$250

Pell Grant

$4,737

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,900

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for River Valley Community College

Average Loan Amount Average Loan Amount received per year.

$5,478/Year

Students Taking Out Loans

38%

Loan Default Rate

15.9%

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