Rabbinical College of America Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$2.340M
Financial Aid Official Website
www.rca.edu/
Notably, around 93% of the students at Rabbinical College of America receive some kind of financial aid every year, official data shows. For additional information about financial assistance schemes, one can head over to RCA’s financial aid page at http://www.rca.edu/. The total percentage of candidates applying to Rabbinical College of America who receive the Federal Grant is 59%. Meanwhile, 93% of the applicants receive the Student Grant and 72% are awarded the Institution Grant, while 59% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,500. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $13,042 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $9,273 and $9,360, respectively. On the other hand, the average federal aid stands at $9,000 for those with an annual family income between $75,001 and $110,000, and at $8,500 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.
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