Scholarships, Grants, and Loan Trends at Rio Salado

-10%

Received Percent Changed

-$120

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 4,640, which is 26.44 % of all undergraduate students. 1,649 students which is 8.67% of undergraduate students received federal student loans and the average loan amount is $3,918.

For full-time, first-time beginning students (freshmen), 73.56% of students received grants or scholarships and 40% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Rio Salado College since 2014.

For that period, the average number of students who received grants aid/scholarships is 4,640, which is 26.44 % of all undergraduate students. 1,649 students which is 8.67% of undergraduate students received federal student loans and the average loan amount is $3,918.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154,988 (25%)$2,4203,648 (18%)$2,9453,015 (15%)$4,086
2015-164,338 (21%)$2,3813,056 (15%)$2,9532,539 (12%)$3,834
2016-173,864 (21%)$2,3582,665 (14%)$2,9232,131 (11%)$3,749
2017-183,359 (19%)$2,4792,428 (14%)$2,9661,828 (10%)$3,567
2018-193,307 (18%)$2,4012,102 (11%)$3,1141,501 (8%)$3,789
2019-202,048 (11%)$3,3461,957 (10%)$3,1551,311 (7%)$3,860
2020-213,178 (18%)$2,8631,625 (9%)$3,4281,039 (6%)$4,203
2021-2214,172 (90%)$8491,204 (8%)$3,317712 (5%)$3,970
2022-232,510 (15%)$2,3001,246 (7%)$3,455762 (4%)$4,203
Average4,640 (26.44%)$2,3772,215 (11.78%)$3,1401,649 (8.67%)$3,918
*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.

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

For the last 10 years, on average, 73 (73.56 % of students) received grants or scholarships and its average amount is $4,152. It can cover 46.35% of tuition & fees ($8,958) based on out-of-state rate.

In addition, 39 (39.89 % of students) students get helped from the students loans (average amount : $3,625).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1585 (75%)$4,14464 (57%)$3,365
2015-1662 (74%)$3,86747 (56%)$3,169
2016-1786 (79%)$3,83461 (56%)$2,940
2017-1862 (81%)$4,09636 (47%)$2,965
2018-1964 (68%)$4,59236 (38%)$3,567
2019-2074 (84%)$4,54741 (47%)$3,975
2020-2177 (71%)$5,37928 (26%)$4,710
2021-2289 (96%)$2,32712 (13%)$3,474
2022-2355 (34%)$4,58230 (19%)$4,460
Average73 (73.56%)$4,15239 (39.89%)$3,625
*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.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 63 (63.56 % of students) received Pell (federal) grants and its average amount is $4,352.

In addition, 4 students received State/local government grants/scholarships (3.33 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1585 (75%)$4,097--6 (5%)$5002 (2%)$500
2015-1662 (74%)$3,7983 (4%)$1,000--1 (1%)$1,275
2016-1785 (78%)$3,6955 (5%)$800--13 (12%)$902
2017-1861 (79%)$3,9863 (4%)$5001 (1%)$1,00011 (14%)$755
2018-1962 (66%)$4,4627 (7%)$5714 (4%)$1,00012 (13%)$770
2019-2073 (83%)$4,17121 (24%)$8102 (2%)$75012 (14%)$1,125
2020-2162 (57%)$5,00354 (50%)$1,3343 (3%)$83327 (25%)$1,091
2021-2230 (32%)$4,87888 (95%)$5545 (5%)$8005 (5%)$1,602
2022-2346 (28%)$5,0745 (3%)$800--12 (7%)$1,217
Average63 (63.56%)$4,35223 (24.00%)$7964 (3.33%)$81411 (10.33%)$1,026
*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.

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 10 years, on average, 39 (39.89 % of students) get any students loan help and its average loan amount is $39.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1564 (57%)$3,36564 (57%)$3,365--
2015-1647 (56%)$3,16947 (56%)$3,169--
2016-1761 (56%)$2,94061 (56%)$2,940--
2017-1836 (47%)$2,96536 (47%)$2,965--
2018-1936 (38%)$3,56736 (38%)$3,567--
2019-2041 (47%)$3,97541 (47%)$3,975--
2020-2128 (26%)$4,71028 (26%)$4,710--
2021-2212 (13%)$3,47412 (13%)$3,474--
2022-2330 (19%)$4,46030 (19%)$4,460--
Average39 (39.89%)$3,62539 (39.89%)$3,625--

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