by our College Data Analytics TeamThe majority of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Riverside College of Health Careers can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Riverside College of Health Careers provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down 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. Read on to get a sense of the financial assistance available at Riverside College of Health Careers.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Riverside College of Health Careers, 100% of the incoming full-time class was awarded financial aid roughly 6 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $6,274 |
| Institutional grants & scholarships | 33% | $4,393 |
| Federal Pell grants | 33% | $1,881 |
| State/local grants | 0% | — |
| Federal student loans | 33% | $4,913 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 46% of undergraduate students received gift aid averaging $6,584 (across roughly 150 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $6,584 |
| Federal Pell grants | 46% | $5,564 |
| Federal student loans | 75% | $6,394 |
On-campus students receiving title-IV aid were awarded grants averaging $6,274.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,596 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $20,744 |
| Off-campus title-IV students | $25,596 |
For a personalized estimate based on your family’s financial situation, use Riverside College of Health Careers’s net price tool: www.riversideonline.com/careers/college-of-health-careers/application-fees-and-financial-aid.
Graduating students at Riverside College of Health Careers carry a median federal student debt of $14,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,250 |
| Median federal debt (graduates only) | $14,787 |
| Typical 10-year monthly payment (graduates) | $156.77/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Riverside College of Health Careers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,833 |
| 25th percentile | $9,500 |
| 75th percentile | $18,503 |
| 90th percentile (highest-debt students) | $22,668 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $14,250 |
| High income | $13,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,047 |
| Continuing-generation students | $14,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,375 |
| Independent students | $15,250 |
These indicators are derived from the underlying debt data and summarize the overall picture at Riverside College of Health Careers.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Riverside College of Health Careers:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1810 |
| Total Stafford loan amount | $22,669,315 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 32 |
| Total GI Bill amount | $300,972 |
| Average GI Bill amount per recipient | $9,405 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $7,500 |
| Average DoD amount per recipient | $3,750 |
References
More about our data sources and methodologies.