$4,749

Avg. Federal Grant

$6,957

Avg. Federal Loan

$9,746,417

Total Aid Awarded

University of Rio Grande Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$9.746M

Financial Aid Official Website

www.rio.edu/financial-aid/index.cfm

Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and James R. Hunt Memorial Scholarship. As many as 82% of the students at URG get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,679,665 in a year. Notably, a total of 58% of the applicants to University of Rio Grande receive the Federal Grant every year. On the other hand, 65% of the candidates get the Student Grant, 36% receive the Institution Grant, and 58% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,962, and the same stands at $2,277 for State Grant awardees and $6,528 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,459. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Every year, around 64% of the applicants to University of Rio Grande opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

9%

Institution Grant Aid

36%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,749

State Grant Aid

$2,112

Institution Grant Aid

$6,225

Pell Grant

$4,608

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,491

$30,001 - $48,000

$4,997

$48,001 - $75,000

$2,608

$75,001 - $110,000

$420

Over $110,000

N/A

Student Loans for University of Rio Grande

Average Loan Amount Average Loan Amount received per year.

$8,029/Year

Students Taking Out Loans

71%

Loan Default Rate

23.5%

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