$4,803

Avg. Federal Grant

$3,736

Avg. Federal Loan

$11,592,727

Total Aid Awarded

Rock Valley College (RVC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

37%

Total Aid Amount Average Total Aid Awarded per year.

$11.593M

Financial Aid Official Website

N/A

Notably, 49% of the students at Rock Valley College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,493,214. At RVC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 49% of the candidates get the Student Grant, 4% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,041, while the same comes to $1,263 for State Grant receivers and $1,561 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,780. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 7% of the applicants to Rock Valley College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

22%

Institution Grant Aid

7%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,803

State Grant Aid

$1,226

Institution Grant Aid

$1,044

Pell Grant

$4,627

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,675

$30,001 - $48,000

$5,445

$48,001 - $75,000

$3,187

$75,001 - $110,000

$1,886

Over $110,000

N/A

Student Loans for Rock Valley College (RVC)

Average Loan Amount Average Loan Amount received per year.

$3,736/Year

Students Taking Out Loans

10%

Loan Default Rate

12.8%

Other Colleges In Illinois

Augustana College
Augustana College

Rock Island, Illinois

Columbia College Chicago
Columbia College Chicago

Chicago, Illinois

Dominican University
Dominican University

River Forest, Illinois

Other Colleges In Rockford

Rockford University
Rockford University

Rockford, Illinois

Rockford Career College
Rockford Career College

Rockford, Illinois