by our College Data Analytics TeamMost students are not billed 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 total price of attendance at Rust College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Rust College deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Rust College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Rust College, 95% of first-time, full-time freshmen received some form of financial aid (about 93 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $10,993 |
| Institutional grants & scholarships | 65% | $6,414 |
| Federal Pell grants | 67% | $6,565 |
| State/local grants | 3% | $6,029 |
| Federal student loans | 64% | $5,024 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 91% of the undergraduate population received grant aid that averaged $12,526 (for some 394 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $12,526 |
| Federal Pell grants | 71% | $6,554 |
| Federal student loans | 70% | $6,475 |
On-campus students receiving title-IV aid were awarded grants averaging $10,520.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,100 |
| $30,001 – $75,000 | $9,318 |
| Over $75,000 | $8,178 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,587 |
| Off-campus title-IV students | $8,751 |
For an estimate tailored to your family circumstances, see Rust College’s net price calculator: www.rustcollege.edu/wp-content/uploads/2024/09/Net-Price-Calculator.html.
A typical borrower at Rust College leaves with $13,777 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,777 |
| Median federal debt (graduates only) | $26,159 |
| Typical 10-year monthly payment (graduates) | $277.33/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Rust College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $34,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,932 |
| Middle income | $12,000 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,750 |
| Continuing-generation students | $13,806 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,394 |
| Independent students | $18,424 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Rust College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Rust College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6648 |
| Total Stafford loan amount | $103,347,860 |
References
More about our data sources and methodologies.