OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Rust College Financial Aid and Scholarships 2022

Located in Holly Springs, MS, Rust College is a private, United Methodist university. It was in 1866 when the Rust College was founded. The motto of Rust College is By Their Fruits Ye Shall Know Them. This defines the north star being chased by both the students and the administrators. Across all the courses offered at Rust College, the enrolment stands at 738. To teach various courses to the students, the school has employed a total of 61 faculty. There are around 60% of the students who are

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%.

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