$4,421

Avg. Federal Grant

$5,076

Avg. Federal Loan

$14,916,254

Total Aid Awarded

Reinhardt University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$14.916M

Financial Aid Official Website

www.reinhardt.edu/student-life/student-services-resources/financial-aid/

Interestingly, almost all of the students at RU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $6,300,928 in a year. One can visit RU's financial aid page at http://www.reinhardt.edu/student-life/student-services-resources/financial-aid/ for more information. At RU, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 100% of the candidates get the Student Grant, 97% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,893, while the same comes to $3,517 for State Grant receivers and $12,011 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,807. 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 $15,586 in a year. The average aid amount stands at $14,836 for an annual family income between $30,001 and $48,000. This amount comes to $13,427 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $16,176, while candidates with more than $110,000 of family income receive an average federal aid of $20,665. 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. Candidates are also required to repay these loans within a given period. At Reinhardt University, the percentage of candidates who opt to avail of student loans is around 64%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

89%

Institution Grant Aid

94%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,421

State Grant Aid

$2,906

Institution Grant Aid

$9,854

Pell Grant

$4,296

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,437

$30,001 - $48,000

$15,326

$48,001 - $75,000

$14,891

$75,001 - $110,000

$16,059

Over $110,000

$13,645

Student Loans for Reinhardt University

Average Loan Amount Average Loan Amount received per year.

$5,965/Year

Students Taking Out Loans

72%

Loan Default Rate

10.3%

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