$4,683

Avg. Federal Grant

$4,392

Avg. Federal Loan

$38,471,842

Total Aid Awarded

Riverside City College (RCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$38.472M

Financial Aid Official Website

www.rcc.edu/services/studentfinancialservices/Pages/FINANCIAL-AID-HOME.aspx

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. Notably, 85% of the students at Riverside City College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,915,957. The total percentage of candidates applying to Riverside City College who receive the Federal Grant is 51%. In comparison, 84% of the students are awarded the Student Grant, 7% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,736, and the same stands at $2,495 for State Grant awardees and $869 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,606. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 2% of the applicants to Riverside City College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

73%

Institution Grant Aid

26%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,683

State Grant Aid

$2,246

Institution Grant Aid

$319

Pell Grant

$4,587

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,016

$30,001 - $48,000

$7,451

$48,001 - $75,000

$4,448

$75,001 - $110,000

$2,772

Over $110,000

$1,228

Student Loans for Riverside City College (RCC)

Average Loan Amount Average Loan Amount received per year.

$4,392/Year

Students Taking Out Loans

1%

Loan Default Rate

13.9%

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