Rochester College Financial Aid and Scholarships 2022

As many as 99% of the students at RU get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,762,684 in a year. For additional information about financial assistance schemes, one can head over to RU’s financial aid page at http://www.rc.edu/financial-services/apply-for-aid/. The total percentage of candidates applying to Rochester University who receive the Federal Grant is 43%. In comparison, 98% of the students are awarded the Student Grant, 94% get the Institution Grant, and 43% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,861, the State Grant receivers and Institution Grant beneficiaries get $3,245 and $10,785, respectively. And, for the Pell Grant awardees, the average aid amount is $3,983. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $14,579 in a year. The average aid amount stands at $15,683 for an annual family income between $30,001 and $48,000. This amount comes to $12,038 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $9,834 for those with an annual family income between $75,001 and $110,000, and at $10,116 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. 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 Rochester University, the percentage of candidates who opt to avail of student loans is around 75%.