by our College Data Analytics TeamMany students will never be charged 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 price of attendance at Rabbinical College of America can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Rabbinical College of America offer, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open 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 Rabbinical College of America.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Rabbinical College of America, 94% of entering full-time freshmen got some type of financial assistance (about 50 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $10,419 |
| Institutional grants & scholarships | 91% | $6,336 |
| Federal Pell grants | 49% | $6,762 |
| State/local grants | 4% | $11,040 |
| Federal student loans | 0% | — |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Rabbinical College of America, about 93% of undergraduates were awarded grant or scholarship aid averaging $12,102 (for some 184 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $12,102 |
| Federal Pell grants | 44% | $6,526 |
| Federal student loans | 0% | — |
Title-IV recipients living on campus saw average grant aid of $11,672.
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 | $11,859 |
| $30,001 – $75,000 | $12,617 |
| Over $75,000 | $16,214 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,628 |
| Off-campus title-IV students | $13,452 |
To get a personalized net price estimate, try Rabbinical College of America’s online cost calculator: financialaid58.wixsite.com/netpricecalculator.
A handful of calculated indicators summarize the debt outlook at Rabbinical College of America.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Rabbinical College of America:
| Metric | Value |
|---|---|
| Stafford loan recipients | 22 |
| Total Stafford loan amount | $259,931 |
References
More about our data sources and methodologies.