$5,564

Avg. Federal Grant

$5,426

Avg. Federal Loan

$59,500,437

Total Aid Awarded

Rollins College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$59.500M

Financial Aid Official Website

www.rollins.edu/finaid

As many as 95% of the students at RC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,703,310 in a year. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.rollins.edu/finaid. At RC, the total percentage of applicants who receive the Federal Grant stands at 22%. On the other hand, 95% of the candidates get the Student Grant, 80% receive the Institution Grant, and 22% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,363, and the same stands at $7,628 for State Grant awardees and $30,071 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,681. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $42,050 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $36,820, while those falling in the $48,001-$75,000 income category get $33,202 a year. Those with an annual income level of $75,001-$110,000 would receive $35,097, while candidates with more than $110,000 of family income receive an average federal aid of $25,879. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 39% of the applicants to Rollins College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

54%

Institution Grant Aid

89%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$5,564

State Grant Aid

$7,460

Institution Grant Aid

$28,470

Pell Grant

$4,615

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$41,571

$30,001 - $48,000

$43,624

$48,001 - $75,000

$38,822

$75,001 - $110,000

$40,846

Over $110,000

$30,075

Student Loans for Rollins College

Average Loan Amount Average Loan Amount received per year.

$6,952/Year

Students Taking Out Loans

40%

Loan Default Rate

2.4%

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