How RMCAD's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rocky Mountain College of Art and Design since 2011.

For that period, the average number of students who received grants aid/scholarships is 801, which is 76.45 % of all undergraduate students. 693 students which is 65.27% of undergraduate students received federal student loans and the average loan amount is $9,665.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	519 (82%)	$8,018	238 (37%)	$3,722	465 (73%)	$7,819
2012-13	574 (92%)	$8,978	227 (36%)	$3,876	435 (70%)	$8,752
2013-14	557 (75%)	$6,555	286 (39%)	$3,445	499 (68%)	$10,541
2014-15	870 (85%)	$6,638	506 (50%)	$2,152	699 (69%)	$5,152
2015-16	936 (87%)	$2,636	474 (44%)	$3,734	682 (63%)	$10,263
2016-17	691 (76%)	$5,534	389 (43%)	$4,015	573 (63%)	$11,668
2017-18	640 (74%)	$9,533	387 (45%)	$5,543	536 (62%)	$11,091
2018-19	706 (67%)	$5,332	500 (47%)	$5,195	688 (65%)	$10,302
2019-20	1,068 (73%)	$4,798	718 (49%)	$5,207	918 (63%)	$10,284
2020-21	1,074 (66%)	$5,204	728 (45%)	$5,420	1,000 (61%)	$10,414
2021-22	1,171 (64%)	$5,150	887 (48%)	$5,119	1,127 (61%)	$10,030
Average	801 (76.45%)	$6,216	485 (43.91%)	$4,312	693 (65.27%)	$9,665

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 12 years, on average, 64 (89.64 % of students) received grants or scholarships and its average amount is $5,914. It can cover 24.93% of tuition & fees ($23,720).

In addition, 55 (77.00 % of students) students get helped from the students loans (average amount : $9,190).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	87 (94%)	$10,142	75 (81%)	$7,280
2012-13	95 (100%)	$10,951	71 (75%)	$7,882
2013-14	47 (100%)	$2,495	34 (72%)	$9,106
2014-15	18 (100%)	$2,502	16 (89%)	$5,245
2015-16	68 (89%)	$4,108	66 (87%)	$8,189
2016-17	42 (95%)	$4,773	34 (77%)	$9,615
2017-18	50 (78%)	$5,412	48 (75%)	$10,538
2018-19	53 (76%)	$6,088	50 (71%)	$10,380
2019-20	69 (86%)	$6,071	55 (69%)	$10,133
2020-21	66 (88%)	$6,483	53 (71%)	$10,419
2021-22	105 (80%)	$6,033	105 (80%)	$12,304
Average	64 (89.64%)	$5,914	55 (77.00%)	$9,190

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 38 (55.91 % of students) received Pell (federal) grants and its average amount is $4,193.

In addition, 6 students received State/local government grants/scholarships (7.91 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	40 (43%)	$3,606	10 (11%)	$850	7 (8%)	$1,929	82 (88%)	$8,733
2012-13	38 (40%)	$3,824	11 (12%)	$1,000	11 (12%)	$1,864	93 (98%)	$9,285
2013-14	23 (49%)	$3,086	-	-	2 (4%)	$1,500	30 (64%)	$1,443
2014-15	15 (83%)	$2,502	-	-	1 (6%)	$1,000	4 (22%)	$1,630
2015-16	46 (61%)	$2,979	-	-	7 (9%)	$1,000	68 (89%)	$1,990
2016-17	32 (73%)	$3,087	-	-	2 (5%)	$2,000	37 (84%)	$2,640
2017-18	35 (55%)	$4,115	7 (11%)	$1,406	15 (23%)	$1,885	29 (45%)	$3,051
2018-19	34 (49%)	$5,309	10 (14%)	$1,594	6 (9%)	$2,000	35 (50%)	$3,264
2019-20	47 (59%)	$5,883	9 (11%)	$1,063	1 (1%)	$2,000	54 (68%)	$2,423
2020-21	36 (48%)	$5,951	7 (9%)	$1,125	4 (5%)	$2,000	58 (77%)	$3,410
2021-22	72 (55%)	$5,782	13 (10%)	$1,125	7 (5%)	$2,000	79 (60%)	$2,387
Average	38 (55.91%)	$4,193	10 (11.14%)	$1,166	6 (7.91%)	$1,743	52 (67.73%)	$3,660

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 12 years, on average, 55 (77.00 % of students) get any students loan help and its average loan amount is $55.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	75 (81%)	$7,280	75 (81%)	$6,302	3 (3%)	$24,457
2012-13	71 (75%)	$7,882	71 (75%)	$6,549	5 (5%)	$18,926
2013-14	34 (72%)	$9,106	34 (72%)	$7,882	4 (9%)	$10,400
2014-15	16 (89%)	$5,245	16 (89%)	$5,245	-	-
2015-16	66 (87%)	$8,189	66 (87%)	$8,189	-	-
2016-17	34 (77%)	$9,615	34 (77%)	$9,493	1 (2%)	$4,160
2017-18	48 (75%)	$10,538	48 (75%)	$9,381	3 (5%)	$18,520
2018-19	50 (71%)	$10,380	50 (71%)	$9,321	4 (6%)	$13,237
2019-20	55 (69%)	$10,133	54 (68%)	$8,433	6 (8%)	$16,990
2020-21	53 (71%)	$10,419	53 (71%)	$9,131	7 (9%)	$9,750
2021-22	105 (80%)	$12,304	105 (80%)	$8,855	22 (17%)	$16,462
Average	55 (77.00%)	$9,190	55 (76.91%)	$8,071	6 (7.11%)	$14,767

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Scholarships, Grants, and Loan Trends at RMCAD

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time