$5,199

Avg. Federal Grant

$5,419

Avg. Federal Loan

$16,951,405

Total Aid Awarded

Rocky Mountain College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$16.951M

Financial Aid Official Website

https://www.rocky.edu/admissions-aid/financial-aid

It is interesting to note that almost every student at RMC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,806,426. At RMC, the total percentage of applicants who receive the Federal Grant stands at 33%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 33% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,658. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At RMC, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

N/A

Institution Grant Aid

99%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,199

State Grant Aid

N/A

Institution Grant Aid

$18,447

Pell Grant

$4,758

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,258

$30,001 - $48,000

$24,672

$48,001 - $75,000

$22,133

$75,001 - $110,000

$19,560

Over $110,000

$16,508

Student Loans for Rocky Mountain College

Average Loan Amount Average Loan Amount received per year.

$7,959/Year

Students Taking Out Loans

72%

Loan Default Rate

4.8%