$5,815

Avg. Federal Grant

$5,815

Avg. Federal Loan

$506,219

Total Aid Awarded

Riverside College of Health Careers Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$506.219K

Financial Aid Official Website

www.riversideonline.com/rshc/financial-aid.cfm

It is interesting to note that, every year, around 50% of students at RCHC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,823,385. More information regarding the financial assistance schemes can be accessed on RCHC’s official financial aid page at http://www.riversideonline.com/rshc/financial-aid.cfm. Notably, a total of 17% of the applicants to Riverside College of Health Careers receive the Federal Grant every year. Meanwhile, 17% of the applicants receive the Student Grant, while 17% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $2,685. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,815 in a year. 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. At Riverside College of Health Careers, the percentage of candidates who opt to avail of student loans is around 17%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$5,815

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,815

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,815

$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 Riverside College of Health Careers

Average Loan Amount Average Loan Amount received per year.

$5,815/Year

Students Taking Out Loans

17%

Loan Default Rate

2.6%

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