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 University of Arkansas Community College Rich Mountain can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will UA Rich Mountain deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at University of Arkansas Community College Rich Mountain.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at University of Arkansas Community College Rich Mountain, 92% of first-year full-time students received aid of some kind approximately 178 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,203 |
| Institutional grants & scholarships | 58% | $3,487 |
| Federal Pell grants | 59% | $6,443 |
| State/local grants | 41% | $1,411 |
| Federal student loans | 19% | $5,635 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 57% of the undergraduate population received grant aid that averaged $7,136 (for some 410 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $7,136 |
| Federal Pell grants | 40% | $5,865 |
| Federal student loans | 12% | $6,248 |
Title-IV recipients living on campus saw average grant aid of $8,254.
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 | $4,491 |
| $30,001 – $75,000 | $4,770 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,842 |
| Off-campus title-IV students | $4,914 |
To get a personalized net price estimate, try UA Rich Mountain’s net price calculator: www.uarichmountain.edu/financial-aid/net-price-calculator.html.
The middle student in the debt distribution at UA Rich Mountain owes $4,875 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,875 |
| Median federal debt (graduates only) | $6,500 |
| Typical 10-year monthly payment (graduates) | $68.91/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,000 |
| Middle income | $4,500 |
| High income | $4,020 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,950 |
| Independent students | $8,000 |
A handful of calculated indicators summarize the debt outlook at UA Rich Mountain.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at UA Rich Mountain:
| Metric | Value |
|---|---|
| Stafford loan recipients | 222 |
| Total Stafford loan amount | $1,370,387 |
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 | 5 |
| Total GI Bill amount | $10,304 |
| Average GI Bill amount per recipient | $2,061 |
References
More about our data sources and methodologies.