$4,674

Avg. Federal Grant

$6,973

Avg. Federal Loan

$387,649

Total Aid Awarded

Rob Roy Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$387.649K

Financial Aid Official Website

www.rob-roy.com

Notably, 83% of the students at Rob Roy Academy-Worcester get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $563,825. Notably, a total of 67% of the applicants to Rob Roy Academy-Worcester receive the Federal Grant every year. In comparison, 68% of the students are awarded the Student Grant, 1% get the Institution Grant, and 67% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,524. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At RRAW, an estimated number of 80% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

N/A

Institution Grant Aid

2%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,674

State Grant Aid

N/A

Institution Grant Aid

$500

Pell Grant

$4,543

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,860

$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 Rob Roy Academy

Average Loan Amount Average Loan Amount received per year.

$6,973/Year

Students Taking Out Loans

71%

Loan Default Rate

14.5%

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