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 Rend Lake College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does Rend Lake College offer, and what will you qualify for? Keep scrolling for more information. Scroll down to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Rend Lake College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Rend Lake College, 91% of entering full-time freshmen got some type of financial assistance some 294 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $6,250 |
| Institutional grants & scholarships | 45% | $2,473 |
| Federal Pell grants | 47% | $5,444 |
| State/local grants | 44% | $2,428 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Rend Lake College, some 90% of undergraduates were awarded an average grant or scholarship of $4,209 (across approximately 1693 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $4,209 |
| Federal Pell grants | 30% | $4,992 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $7,544.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,382 |
| $30,001 – $75,000 | $7,832 |
| Over $75,000 | $12,191 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $9,187 |
| Off-campus title-IV students | $7,309 |
For an estimate tailored to your family circumstances, see Rend Lake College’s net price calculator: rlc.edu/net-price-calculator.
The median student at Rend Lake College graduates with $4,475 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,475 |
| Median federal debt (graduates only) | $5,809 |
| Typical 10-year monthly payment (graduates) | $61.59/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Rend Lake College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,000 |
| 25th percentile | $1,750 |
| 75th percentile | $5,682 |
| 90th percentile (highest-debt students) | $10,259 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $5,778 |
A handful of calculated indicators summarize the debt outlook at Rend Lake College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Rend Lake College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2329 |
| Total Stafford loan amount | $18,525,916 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $37,587 |
| Average GI Bill amount per recipient | $2,506 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $4,220 |
| Average DoD amount per recipient | $2,110 |
References
More about our data sources and methodologies.