by our College Data Analytics TeamA large number of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to RIVEROAK Technical College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can RTC offer, and what will you qualify for? Keep reading for more information. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at RIVEROAK Technical College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at RIVEROAK Technical College, 76% of entering full-time freshmen got some type of financial assistance around 198 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $4,130 |
| Institutional grants & scholarships | 11% | $1,973 |
| Federal Pell grants | 51% | $4,402 |
| State/local grants | 64% | $1,079 |
| Federal student loans | 0% | — |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At RTC, some 48% of undergraduates were awarded an average grant or scholarship of $4,724 (for some 224 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,724 |
| Federal Pell grants | 34% | $5,142 |
| Federal student loans | 0% | — |
On-campus students receiving title-IV aid were awarded grants averaging $7,142.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,836 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,143 |
| Off-campus title-IV students | $8,836 |
For a personalized estimate based on your family’s financial situation, use RTC’s net price calculator: rtc.suwannee.k12.fl.us/o/rtc/page/financial-aid.
A handful of calculated indicators summarize the debt outlook at RTC.
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $23,458 |
| Average GI Bill amount per recipient | $3,351 |
References
More about our data sources and methodologies.