by our College Data Analytics TeamThe majority of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Regan Career Institute can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can RCI offer, and what will you qualify for? Keep reading for more information. Keep going to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Regan Career Institute.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Regan Career Institute, 100% of first-time, full-time freshmen received some form of financial aid (about 3 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,395 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $4,552 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 25% of undergrads got grants or scholarships worth on average $5,666 (among about 20 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 25% | $5,666 |
| Federal Pell grants | 22% | $6,443 |
| Federal student loans | 58% | $6,204 |
A typical borrower at RCI leaves with $5,029 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,029 |
Median debt varies by family income, by first-generation status, and by dependency status.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,029 |
| Independent students | $5,077 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. RCI.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at RCI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 97 |
| Total Stafford loan amount | $566,711 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.