$4,724

Avg. Federal Grant

$4,623

Avg. Federal Loan

$10,138,376

Total Aid Awarded

College of the Redwoods Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$10.138M

Financial Aid Official Website

www.redwoods.edu/Financial-Aid/

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 79% of students at CR receive some kind of financial aid, while the total amount of assistance/loans provided is $1,452,483. Notably, a total of 53% of the applicants to College of the Redwoods receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 8% get the Institution Grant, and 52% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,012, the State Grant receivers and Institution Grant beneficiaries get $1,712 and $893, respectively. And, for the Pell Grant awardees, the average aid amount is $3,929. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 8% of the applicants to College of the Redwoods opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

73%

Institution Grant Aid

8%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,724

State Grant Aid

$2,084

Institution Grant Aid

$1,210

Pell Grant

$4,580

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,714

$30,001 - $48,000

$7,356

$48,001 - $75,000

$4,048

$75,001 - $110,000

N/A

Over $110,000

$966

Student Loans for College of the Redwoods

Average Loan Amount Average Loan Amount received per year.

$4,623/Year

Students Taking Out Loans

14%

Loan Default Rate

18.8%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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