Rock Valley College (RVC) Financial Aid and Scholarships
Students Receiving Aid
37%
Total Aid Amount
$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.
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