$5,231

Avg. Federal Grant

$5,407

Avg. Federal Loan

$15,236,325

Total Aid Awarded

Rivier University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$15.236M

Financial Aid Official Website

https://www.rivier.edu/student-financial-services/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,708,964. For additional information about financial assistance schemes, one can head over to RU’s financial aid page at https://www.rivier.edu/student-financial-services/. Notably, a total of 35% of the applicants to Rivier University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,666, while the same comes to $3,151 for State Grant receivers and $18,169 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,938. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,938 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $20,209, while those falling in the $48,001-$75,000 income category get $19,504 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,822. And, for those with a family income of more than $110,000, the amount stands at $17,680. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 RU, an estimated number of 98% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

11%

Institution Grant Aid

100%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,231

State Grant Aid

$2,698

Institution Grant Aid

$17,219

Pell Grant

$4,588

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,425

$30,001 - $48,000

$24,362

$48,001 - $75,000

$19,564

$75,001 - $110,000

$16,162

Over $110,000

$15,971

Student Loans for Rivier University

Average Loan Amount Average Loan Amount received per year.

$9,118/Year

Students Taking Out Loans

94%

Loan Default Rate

4.2%

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