by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Rhodes College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Rhodes College offer, and what will you qualify for? Keep reading for more information. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Rhodes College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Rhodes College, 100% of first-year full-time students received aid of some kind approximately 481 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $40,180 |
| Institutional grants & scholarships | 99% | $36,854 |
| Federal Pell grants | 17% | $6,247 |
| State/local grants | 34% | $6,275 |
| Federal student loans | 60% | $5,301 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 98% of undergraduate students received gift aid averaging $39,783 (among about 1860 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $39,783 |
| Federal Pell grants | 16% | $5,844 |
| Federal student loans | 51% | $6,336 |
For students living on campus and receiving title-IV aid, grants averaged $42,551.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,059 |
| $30,001 – $75,000 | $14,864 |
| Over $75,000 | $31,584 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,585 |
| Off-campus title-IV students | $25,060 |
To get a personalized net price estimate, try Rhodes College’s net price calculator: www.rhodes.edu/admission-aid/cost-affordability/net-price-calculator.
A typical borrower at Rhodes College leaves with $19,349 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,349 |
| Median federal debt (graduates only) | $21,761 |
| Typical 10-year monthly payment (graduates) | $230.7/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Rhodes College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,000 |
| 75th percentile | $27,050 |
| 90th percentile (highest-debt students) | $33,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,621 |
| Middle income | $19,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,436 |
| Continuing-generation students | $19,000 |
A handful of calculated indicators summarize the debt outlook at Rhodes College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Rhodes College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3621 |
| Total Stafford loan amount | $56,050,380 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $340,000 |
| Average GI Bill amount per recipient | $18,889 |
References
More about our data sources and methodologies.