$4,874

Avg. Federal Grant

N/A

Avg. Federal Loan

$7,032,398

Total Aid Awarded

Rowan Cabarrus Community College (RCCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$7.032M

Financial Aid Official Website

https://www.rccc.edu/financialaid/

Among them are scholarship programs such as Triangle Scholarship Program. Notably, around 67% of the students at Rowan-Cabarrus Community College receive some kind of financial aid every year, official data shows. Notably, a total of 63% of the applicants to Rowan-Cabarrus Community College receive the Federal Grant every year. On the other hand, 67% of the candidates get the Student Grant, 15% receive the Institution Grant, and 55% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,064, and the same stands at $2,089 for State Grant awardees and $1,184 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,523. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

28%

Institution Grant Aid

13%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,874

State Grant Aid

$1,612

Institution Grant Aid

$914

Pell Grant

$4,839

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,652

$30,001 - $48,000

$5,363

$48,001 - $75,000

$5,046

$75,001 - $110,000

$5,196

Over $110,000

N/A

Student Loans for Rowan Cabarrus Community College (RCCC)

Average Loan Amount Average Loan Amount received per year.

$2,479/Year

Students Taking Out Loans

N/A

Loan Default Rate

26%

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