$5,204

Avg. Federal Grant

$8,565

Avg. Federal Loan

$2,414,845

Total Aid Awarded

Rosedale Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$2.415M

Financial Aid Official Website

www.rosedaletech.org/financial-aid/

Notably, 93% of the students at Rosedale Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,355,725. One can visit RTC's financial aid page at http://www.rosedaletech.org/financial-aid/ for more information. At RTC, the total percentage of applicants who receive the Federal Grant stands at 84%. On the other hand, 90% of the candidates get the Student Grant, while 75% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,324. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $9,865 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $10,356, while those falling in the $48,001-$75,000 income category get $6,605 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $2,948. And, for those with a family income of more than $110,000, the amount stands at $4,237. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 86% of the applicants to Rosedale Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

44%

Institution Grant Aid

N/A

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$5,204

State Grant Aid

$7,530

Institution Grant Aid

N/A

Pell Grant

$5,846

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,225

$30,001 - $48,000

$9,563

$48,001 - $75,000

$6,467

$75,001 - $110,000

$2,795

Over $110,000

$734

Student Loans for Rosedale Technical College

Average Loan Amount Average Loan Amount received per year.

$9,162/Year

Students Taking Out Loans

77%

Loan Default Rate

6.3%

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