by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Rowan College at Burlington County can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can RCBC offer, and what will you qualify for? Keep reading for more information. Keep reading to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Rowan College at Burlington County.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Rowan College at Burlington County, 56% of entering full-time freshmen got some type of financial assistance (about 758 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,727 |
| Institutional grants & scholarships | 1% | $2,631 |
| Federal Pell grants | 38% | $6,067 |
| State/local grants | 36% | $2,649 |
| Federal student loans | 7% | $4,649 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At RCBC, around 42% of undergrads got grants or scholarships worth on average $5,503 (for some 2691 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $5,503 |
| Federal Pell grants | 31% | $5,060 |
| Federal student loans | 8% | $5,234 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,899.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,644 |
| $30,001 – $75,000 | $5,433 |
| Over $75,000 | $10,591 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,344 |
| Off-campus title-IV students | $6,101 |
For an estimate tailored to your family circumstances, see RCBC’s online cost calculator: www.rcbc.edu/tuition-calculator.
A typical borrower at RCBC leaves with $7,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at RCBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $15,750 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,188 |
| Middle income | $7,454 |
| High income | $6,400 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,013 |
| Continuing-generation students | $6,302 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,756 |
| Independent students | $9,419 |
A handful of calculated indicators summarize the debt outlook at RCBC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at RCBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8882 |
| Total Stafford loan amount | $79,947,717 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 409 |
| Total GI Bill amount | $1,133,121 |
| Average GI Bill amount per recipient | $2,770 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 26 |
| Total DoD amount | $38,750 |
| Average DoD amount per recipient | $1,490 |
References
More about our data sources and methodologies.