Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Roanoke College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


Interestingly, almost all of the students at RC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,974,580 in a year. One can visit RC's financial aid page at https://www.roanoke.edu/finaid for more information. At RC, the total percentage of applicants who receive the Federal Grant stands at 29%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 29% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,067, while the same comes to $3,270 for State Grant receivers and $29,620 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,323. 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 $34,792 on average in a year. The average aid amount stands at $34,056 for an annual family income between $30,001 and $48,000. This amount comes to $29,768 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $27,537 for those with an annual family income between $75,001 and $110,000, and at $24,820 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 72% of the applicants to Roanoke College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Roanoke College

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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