$3,926

Avg. Federal Grant

$6,221

Avg. Federal Loan

$281,456

Total Aid Awarded

Rosedale Bible College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$281.456K

Financial Aid Official Website

www.rosedale.edu/financial-aid/

Interestingly, almost all of the students at RBC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $81,672 in a year. One can visit RBC's financial aid page at http://www.rosedale.edu/financial-aid/ for more information. The total percentage of candidates applying to Rosedale Bible College who receive the Federal Grant is 63%. In comparison, 95% of the students are awarded the Student Grant, 95% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,593, while the same comes to $2,500 for State Grant receivers and $8,083 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,417. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $9,497 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $7,994, while those falling in the $48,001-$75,000 income category get $5,079 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $3,657. And, for those with a family income of more than $110,000, the amount stands at $479. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At RBC, an estimated number of 32% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

16%

Institution Grant Aid

79%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$3,926

State Grant Aid

$2,560

Institution Grant Aid

$2,573

Pell Grant

$3,283

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,972

$30,001 - $48,000

$7,866

$48,001 - $75,000

$6,456

$75,001 - $110,000

$1,620

Over $110,000

N/A

Student Loans for Rosedale Bible College

Average Loan Amount Average Loan Amount received per year.

$6,785/Year

Students Taking Out Loans

47%

Loan Default Rate

3%

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