Rockford University Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$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%.
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