by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Rocky and determine which ones you may be eligible for by continuing your exploration.
Rocky Mountain College average financial aid offer for freshmen students is $20,200.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Rocky Mountain College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (245 total) were given scholarships at Rocky Mountain College, averaging $18,238.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 65% of first-year students (160 total) got federal grant aid, averaging $4,201.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.06% | $23,495.00 |
| Income 30k-48k | 11.43% | $24,035.00 |
| Income 48k-75k | 15.10% | $22,332.00 |
| Income 75k-110k | 13.88% | $18,981.00 |
| Income 110k + | 24.49% | $16,966.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 245 undergraduate students at Rocky Mountain College around 100% (245 total) receive some form of grant aid. The typical amount awarded was $20,200.00.
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.
