by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Red Rocks Community College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Red Rocks Community College provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Red Rocks Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Red Rocks Community College, 53% of entering full-time freshmen got some type of financial assistance (about 283 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $14,333 |
| Institutional grants & scholarships | 4% | $3,405 |
| Federal Pell grants | 37% | $6,118 |
| State/local grants | 41% | $4,558 |
| Federal student loans | 13% | $3,360 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Red Rocks Community College, roughly 23% of undergraduates were awarded an average grant or scholarship of $9,178 (across approximately 1667 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 23% | $9,178 |
| Federal Pell grants | 17% | $6,025 |
| Federal student loans | 9% | $3,836 |
Title-IV recipients living on campus saw average grant aid of $9,099.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,687 |
| $30,001 – $75,000 | $9,265 |
| Over $75,000 | $15,739 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,044 |
| Off-campus title-IV students | $9,356 |
For an estimate tailored to your family circumstances, see Red Rocks Community College’s net price tool: www.rrcc.edu/net_price_calculator/index.html.
The middle student in the debt distribution at Red Rocks Community College owes $4,900 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,900 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Red Rocks Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,700 |
| 75th percentile | $10,250 |
| 90th percentile (highest-debt students) | $20,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,250 |
| Middle income | $4,750 |
| High income | $4,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,838 |
| Continuing-generation students | $5,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $5,250 |
The figure below distills the debt data into a single burden category for Red Rocks Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Red Rocks Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17455 |
| Total Stafford loan amount | $194,210,049 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 196 |
| Total GI Bill amount | $916,104 |
| Average GI Bill amount per recipient | $4,674 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $17,974 |
| Average DoD amount per recipient | $1,797 |
References
More about our data sources and methodologies.