by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from RACC.
Reading Area Community College average financial aid offer for freshmen students is $5,740.00. A significant 91% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Reading Area Community College you could end up dealing with.
In addition to scholarships, 86% of first years (373 total) were awarded federal grant aid, averaging $7,909.00 each.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
86% of freshman students at Reading Area Community College (373 total) got a federal grant, averaging $7,909.00.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 44.11% | $6,531.00 |
| Income 30k-48k | 12.70% | $6,606.00 |
| Income 48k-75k | 10.39% | $4,218.00 |
| Income 75k-110k | 3.00% | $1,052.00 |
| Income 110k + | 1.15% | $881.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
394 RACC undergrads obtain grant aid (this is about 91% of the entire undergraduate student population). The average amount these students receive is $5,740.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.