by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at University of Rio Grande can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does University of Rio Grande deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Rio Grande.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Rio Grande, 100% of first-time, full-time freshmen received some form of financial aid some 168 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $8,910 |
| Institutional grants & scholarships | 77% | $7,397 |
| Federal Pell grants | 44% | $5,641 |
| State/local grants | 4% | $2,311 |
| Federal student loans | 39% | $6,785 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At University of Rio Grande, some 57% of the undergraduate population received grant aid that averaged $9,701 (across roughly 1143 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $9,701 |
| Federal Pell grants | 34% | $5,425 |
| Federal student loans | 54% | $6,215 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,030.
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 | $26,596 |
| $30,001 – $75,000 | $28,927 |
| Over $75,000 | $32,546 |
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 | $23,686 |
| Off-campus title-IV students | $29,541 |
For a personalized estimate based on your family’s financial situation, use University of Rio Grande’s official net price calculator: hope.rio.edu/NetPriceCalculator/npcalc.htm.
Graduating students at University of Rio Grande carry a median federal student debt of $11,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,750 |
| Median federal debt (graduates only) | $17,750 |
| Typical 10-year monthly payment (graduates) | $188.18/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at University of Rio Grande.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $22,776 |
| 90th percentile (highest-debt students) | $36,584 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,250 |
| Middle income | $13,000 |
| High income | $13,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,750 |
| Continuing-generation students | $12,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $13,000 |
The figure below distills the debt data into a single burden category for University of Rio Grande.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at University of Rio Grande:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11269 |
| Total Stafford loan amount | $180,706,470 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $66,380 |
| Average GI Bill amount per recipient | $9,483 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.