$4,545

Avg. Federal Grant

$4,039

Avg. Federal Loan

$23,901,087

Total Aid Awarded

Reedley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$23.901M

Financial Aid Official Website

www.reedleycollege.edu/admissions-aid/financial-aid/index.html

Such schemes include AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. As many as 86% of the students at RC get some sort of financial aid, and the total amount of assistance/loans provided is more than $459,874 in a year. One can visit RC's financial aid page at http://www.reedleycollege.edu/admissions-aid/financial-aid/index.html for more information. At RC, the total percentage of applicants who receive the Federal Grant stands at 61%. In comparison, 86% of the students are awarded the Student Grant, 8% get the Institution Grant, and 61% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,202, the State Grant receivers and Institution Grant beneficiaries get $2,704 and $289, respectively. And, for the Pell Grant awardees, the average aid amount is $4,222. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At Reedley College, the percentage of candidates who opt to avail of student loans is around 2%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

80%

Institution Grant Aid

1%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,545

State Grant Aid

$2,359

Institution Grant Aid

$655

Pell Grant

$4,469

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,153

$30,001 - $48,000

$6,980

$48,001 - $75,000

$6,794

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Reedley College

Average Loan Amount Average Loan Amount received per year.

$4,039/Year

Students Taking Out Loans

3%

Loan Default Rate

18.3%

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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