by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
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 Rend Lake College.
$4,853.00 is the typical Rend Lake College’s first year financial aid package. A significant 93% of freshmen benefit from financial aid, with the main type being loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Rend Lake College.
As well as scholarships, 81% of first-year students (363 total) got a federal grant, for about $3,802.00 per person.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
81% of first-year students at Rend Lake College (363 total) got a federal grant, averaging $3,802.00.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 29.08% | $6,469.00 |
| Income 30k-48k | 13.87% | $6,618.00 |
| Income 48k-75k | 11.86% | $3,913.00 |
| Income 75k-110k | 1.34% | $3,823.00 |
| Income 110k + | 0.45% | $2,554.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
402 Rend Lake College undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $4,853.00.Most of them are distributed as Pell Grants.
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.
