$4,823

Avg. Federal Grant

$5,388

Avg. Federal Loan

$5,366,428

Total Aid Awarded

Rust College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$5.366M

Financial Aid Official Website

www.rustcollege.edu/administration/financial-aid/index.html

Such schemes include Aura Neely-Gary Memorial Scholarship Fund, Critical Needs Teacher Loan/Scholarship, Mississippi Eminent Scholars Grant, and Mississippi Tuition Assistance Grant. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,579,563. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.rustcollege.edu/administration/financial-aid/index.html. The total percentage of candidates applying to Rust College who receive the Federal Grant is 96%. On the other hand, 100% of the candidates get the Student Grant, 55% receive the Institution Grant, and 90% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,025, while the same comes to $438 for State Grant receivers and $2,714 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,999. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $6,601 on average in a year. The average aid amount stands at $6,403 for an annual family income between $30,001 and $48,000. This amount comes to $2,763 for those who fall under the $48,001-$75,000 family income bracket. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At Rust College, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

95%

State Grant Aid

2%

Institution Grant Aid

37%

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$4,823

State Grant Aid

$250

Institution Grant Aid

$3,372

Pell Grant

$4,539

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,142

$30,001 - $48,000

$6,658

$48,001 - $75,000

$4,943

$75,001 - $110,000

$6,432

Over $110,000

$7,125

Student Loans for Rust College

Average Loan Amount Average Loan Amount received per year.

$5,388/Year

Students Taking Out Loans

83%

Loan Default Rate

27%

Other Colleges In Mississippi

Northeast Mississippi Community College, which is located in Booneville, MS is a public university. The foundation of Northeast Mississippi Community College was laid down in the year 1948. Northeast Mississippi Community College believes in imparting education and contributing to society by focu

Booneville, Mississippi 2 years Public

Located in Jackson, Mississippi, Academy of Hair Design-Jackson is a private university. Taking into account all the courses offered at Academy of Hair Design-Jackson, the total enrolment stands at 62. To teach various courses to the students, the school has employed a total of 4 faculty. There a

Jackson, Mississippi 2 years Private For-Profit

Located in Jackson, Mississippi, Magnolia College of Cosmetology is a private university. Taking into account all the courses offered at Magnolia College of Cosmetology, the total enrolment stands at 43. The school has an academic staff of 4 who teach various courses to the students. Around 53% o

Jackson, Mississippi -2 years Private For-Profit

Other Private not-for-profit Colleges


Online Education at Everest University

Everest University offers a diverse range of courses across various disciplines. These online courses not only provide knowledge to the students but a

Tampa, Florida 4 years Private Not-For-Profit

A private university by the name of Johns Hopkins University is located in Baltimore, MD. Johns Hopkins University was founded in the year 1876. The motto of the Johns Hopkins University is Veritas vos liberabit (Latin) and its official colors are hopkins blue, white, black, ;, sable and gold (acade

Baltimore, Maryland 4 years Private Not-For-Profit

#N/A

Fairfax, Virginia 4 years Private Not-For-Profit