by our College Data Analytics TeamA lot of students will not be asked to pay 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 price tag of going to Richard Bland College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will RBC offer, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Richard Bland College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Richard Bland College, 83% of first-year full-time students received aid of some kind around 299 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $10,955 |
| Institutional grants & scholarships | 46% | $4,080 |
| Federal Pell grants | 56% | $5,908 |
| State/local grants | 65% | $5,310 |
| Federal student loans | 49% | $5,210 |
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, about 23% of undergraduates were awarded an average grant or scholarship of $10,205 (across roughly 587 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 23% | $10,205 |
| Federal Pell grants | 16% | $5,488 |
| Federal student loans | 14% | $5,181 |
On-campus students receiving title-IV aid were awarded grants averaging $11,161.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,981 |
| $30,001 – $75,000 | $6,310 |
| Over $75,000 | $16,065 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $13,045 |
| Off-campus title-IV students | $7,844 |
To get a personalized net price estimate, try RBC’s NPC: www.rbc.edu/admissions/costs-financial-aid/net-price-calculator/.
A typical borrower at RBC leaves with $5,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,750 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at RBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $15,250 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,846 |
| Middle income | $6,250 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,734 |
| Continuing-generation students | $5,863 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,236 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. RBC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at RBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4022 |
| Total Stafford loan amount | $34,303,250 |
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 | 19 |
| Total GI Bill amount | $140,224 |
| Average GI Bill amount per recipient | $7,380 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.