$5,400

Avg. Federal Grant

$5,007

Avg. Federal Loan

$302,148,957

Total Aid Awarded

University of California, Riverside (UCR) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$302.149M

Financial Aid Official Website

finaid.ucr.edu

It is interesting to note that, every year, around 85% of students at UCR receive some kind of financial aid, while the total amount of assistance/loans provided is $51,665,499. More information regarding the financial assistance schemes can be accessed on UCR’s official financial aid page at http://finaid.ucr.edu. The total percentage of candidates applying to University of California-Riverside who receive the Federal Grant is 51%. Meanwhile, 82% of the applicants receive the Student Grant and 67% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,126, and the same stands at $11,369 for State Grant awardees and $10,576 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,910. 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 $23,134 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,680, while those falling in the $48,001-$75,000 income category get $20,058 a year. On the other hand, the average federal aid stands at $13,303 for those with an annual family income between $75,001 and $110,000, and at $4,454 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. At UCR, an estimated number of 47% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

65%

Institution Grant Aid

70%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,400

State Grant Aid

$11,123

Institution Grant Aid

$10,290

Pell Grant

$4,956

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,026

$30,001 - $48,000

$23,655

$48,001 - $75,000

$20,628

$75,001 - $110,000

$14,035

Over $110,000

$4,895

Student Loans for University of California, Riverside (UCR)

Average Loan Amount Average Loan Amount received per year.

$5,370/Year

Students Taking Out Loans

51%

Loan Default Rate

2.8%

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