Scholarships, Grants, and Loan Trends at RMC

5%

Received Percent Changed

$7,986

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 847, which is 96.33 % of all undergraduate students. 575 students which is 65.00% of undergraduate students received federal student loans and the average loan amount is $6,475.

For full-time, first-time beginning students (freshmen), 99.11% of students received grants or scholarships and 71% 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 Rocky Mountain College since 2014.

For that period, the average number of students who received grants aid/scholarships is 847, which is 96.33 % of all undergraduate students. 575 students which is 65.00% of undergraduate students received federal student loans and the average loan amount is $6,475.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15868 (93%)$16,468302 (32%)$4,483723 (77%)$6,792
2015-16875 (93%)$16,982294 (31%)$4,392618 (66%)$6,729
2016-17861 (95%)$17,002296 (33%)$4,127601 (66%)$6,868
2017-18855 (95%)$19,826319 (36%)$4,460592 (66%)$6,648
2018-19876 (98%)$20,409306 (34%)$4,658592 (66%)$6,430
2019-20840 (99%)$21,443296 (35%)$4,631565 (66%)$6,125
2020-21826 (98%)$22,534279 (33%)$4,623531 (63%)$6,279
2021-22800 (98%)$22,842249 (30%)$4,458480 (59%)$6,250
2022-23824 (98%)$24,454268 (32%)$4,716476 (56%)$6,153
Average847 (96.33%)$20,218290 (32.89%)$4,505575 (65.00%)$6,475
*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, 236 (99.11 % of students) received grants or scholarships and its average amount is $20,608. It can cover 57.92% of tuition & fees ($35,582).

In addition, 169 (71.11 % of students) students get helped from the students loans (average amount : $7,448).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15218 (96%)$16,788200 (88%)$6,455
2015-16237 (99%)$17,873176 (74%)$6,273
2016-17214 (99%)$17,460160 (74%)$7,277
2017-18245 (99%)$20,441177 (72%)$7,959
2018-19252 (100%)$20,787179 (71%)$6,941
2019-20245 (100%)$20,981176 (72%)$8,205
2020-21233 (99%)$22,513157 (67%)$8,205
2021-22219 (100%)$23,062130 (59%)$7,463
2022-23260 (100%)$25,571164 (63%)$8,257
Average236 (99.11%)$20,608169 (71.11%)$7,448
*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, 83 (35.00 % of students) received Pell (federal) grants and its average amount is $4,667.

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
2014-1576 (33%)$4,68864 (28%)$660--218 (96%)$14,960
2015-1679 (33%)$4,75555 (23%)$665--236 (99%)$16,202
2016-1771 (33%)$3,93041 (19%)$1,010--212 (98%)$16,114
2017-1894 (38%)$4,75865 (26%)$638--245 (99%)$18,447
2018-1982 (33%)$4,65256 (22%)$778--252 (100%)$19,100
2019-2090 (37%)$4,746146 (60%)$1,679--245 (100%)$18,238
2020-2188 (37%)$4,82774 (31%)$921--232 (99%)$20,485
2021-2274 (34%)$4,75163 (29%)$1,062--218 (100%)$21,249
2022-2395 (37%)$4,89965 (25%)$2,062--260 (100%)$23,265
Average83 (35.00%)$4,66770 (29.22%)$1,053--235 (99.00%)$18,673
*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, 169 (71.11 % of students) get any students loan help and its average loan amount is $169.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15200 (88%)$6,455200 (88%)$5,60916 (7%)$10,564
2015-16176 (74%)$6,273176 (74%)$5,35714 (6%)$11,514
2016-17160 (74%)$7,277160 (74%)$5,47019 (9%)$15,220
2017-18177 (72%)$7,959176 (71%)$5,41927 (11%)$16,850
2018-19179 (71%)$6,941179 (71%)$5,29618 (7%)$16,356
2019-20176 (72%)$8,205175 (71%)$5,01132 (13%)$17,721
2020-21157 (67%)$8,205156 (66%)$5,22020 (9%)$23,696
2021-22130 (59%)$7,463129 (59%)$4,94517 (8%)$19,542
2022-23164 (63%)$8,257164 (63%)$5,18326 (10%)$19,388
Average169 (71.11%)$7,448168 (70.78%)$5,27921 (8.89%)$16,761

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