Rochester Community and Technical College (RCTC) Financial Aid and Scholarships
Students Receiving Aid
57%
Total Aid Amount
$10.976M
Financial Aid Official Website
https://www.rctc.edu/financialaid/
As many as 78% of the students at RCTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,087,620 in a year. More information regarding the financial assistance schemes can be accessed on RCTC’s official financial aid page at https://www.rctc.edu/financialaid/. At RCTC, the total percentage of applicants who receive the Federal Grant stands at 49%. On the other hand, 61% of the candidates get the Student Grant, 6% receive the Institution Grant, and 49% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,472, the State Grant receivers and Institution Grant beneficiaries get $1,288 and $955, respectively. And, for the Pell Grant awardees, the average aid amount is $3,428. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 38% of the applicants to Rochester Community and Technical College opt for student loans.
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