$4,790

Avg. Federal Grant

$5,705

Avg. Federal Loan

$13,941,913

Total Aid Awarded

Rockford University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$13.942M

Financial Aid Official Website

www.rockford.edu/admission/financialaid/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,191,538. More information regarding the financial assistance schemes can be accessed on RU’s official financial aid page at http://www.rockford.edu/admission/financialaid/. The total percentage of candidates applying to Rockford University who receive the Federal Grant is 53%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 53% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,113, and the same stands at $4,404 for State Grant awardees and $14,514 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,328. 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 $21,432 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $19,866 and $21,529, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,358. And, for those with a family income of more than $110,000, the amount stands at $17,568. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Rockford University, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

48%

Institution Grant Aid

99%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,790

State Grant Aid

$4,276

Institution Grant Aid

$14,309

Pell Grant

$4,400

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,045

$30,001 - $48,000

$20,540

$48,001 - $75,000

$19,238

$75,001 - $110,000

$17,898

Over $110,000

$14,938

Student Loans for Rockford University

Average Loan Amount Average Loan Amount received per year.

$7,086/Year

Students Taking Out Loans

81%

Loan Default Rate

6.5%

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