Rabbinical College of Ohr Shimon Yisroel Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$1.533M
Financial Aid Official Website
N/A
Interestingly, almost all of the students at RCOSY receive some sort of financial aid. Notably, a total of 100% of the applicants to Rabbinical College of Ohr Shimon Yisroel receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 95% are awarded the Institution Grant, while 100% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,075, while the same comes to $4,850 for State Grant receivers and $3,710 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $6,081. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $10,435 per year. 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. Candidates are also required to repay these loans within a given period.
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