$5,334

Avg. Federal Grant

$6,769

Avg. Federal Loan

$6,963,175

Total Aid Awarded

Rosemont College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$6.963M

Financial Aid Official Website

www.rosemont.edu/admissions/tuition-and-aid/financial-aid/index.php

Such schemes include Joseph P. Gavenonis Scholarship and Technology Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,112,840. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.rosemont.edu/admissions/tuition-and-aid/financial-aid/index.php. The total percentage of candidates applying to Rosemont College who receive the Federal Grant is 45%. In comparison, 100% of the students are awarded the Student Grant, 93% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,202, the State Grant receivers and Institution Grant beneficiaries get $3,689 and $9,464, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,946. 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 $16,963 on average in a year. The average aid amount stands at $16,899 for an annual family income between $30,001 and $48,000. This amount comes to $13,798 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $7,882, while candidates with more than $110,000 of family income receive an average federal aid of $7,764. 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 Rosemont College, the percentage of candidates who opt to avail of student loans is around 80%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

51%

Institution Grant Aid

100%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,334

State Grant Aid

$3,634

Institution Grant Aid

$8,828

Pell Grant

$4,789

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,616

$30,001 - $48,000

$16,484

$48,001 - $75,000

$16,655

$75,001 - $110,000

$6,456

Over $110,000

$7,104

Student Loans for Rosemont College

Average Loan Amount Average Loan Amount received per year.

$7,624/Year

Students Taking Out Loans

91%

Loan Default Rate

9.5%

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