$4,332

Avg. Federal Grant

$4,672

Avg. Federal Loan

$10,976,157

Total Aid Awarded

Rochester Community and Technical College (RCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

48%

Institution Grant Aid

5%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,332

State Grant Aid

$1,127

Institution Grant Aid

$984

Pell Grant

$4,224

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,022

$30,001 - $48,000

$5,168

$48,001 - $75,000

$3,283

$75,001 - $110,000

$699

Over $110,000

$20

Student Loans for Rochester Community and Technical College (RCTC)

Average Loan Amount Average Loan Amount received per year.

$4,828/Year

Students Taking Out Loans

40%

Loan Default Rate

15%

Other Colleges In Minnesota

A private university by the name of Carleton College is located in Northfield, Minnesota. Taking into account all the courses offered at Carleton College, the total enrolment stands at 2,115. The school has an academic staff of 235 who teach various courses to the students. At Carleton College, a

Northfield, Minnesota 4 years Private Not-For-Profit

Walden consists of five colleges and conferred its first degrees: 46 PhDs and 24 EdDs at its first commencement in Naples in the year 1972.

  • It also offers a diverse variety of courses for students in its native place as well a

Minneapolis, Minnesota 4 years Private For-Profit

#N/A

Winona, Minnesota 4 years Public

Other Colleges In Rochester

Rochester, Minnesota 4 years Public

Rochester, Minnesota 4 years Private Not-For-Profit

Other Public Colleges

University of California-Irvine is a public university located in Irvine, CA. The university covers an area of 1,527 acres. The University of California-Irvine is part of the University of California group. University of California-Irvine was founded in the year 1965. The motto of the University of

Irvine, California 4 years Public

The University of Delaware, a public research institute, is dedicated to making educational and experiential opportunities accessible to the broadest possible range of audiences and participants throughout the state, the n

Newark, Delaware 4 years Public

Online Education at MCC

Most of the students at the college opt for online courses as these courses have the flexibility to provide a learning enviro

Kansas City, Missouri 2 years Public