by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Interested in understanding the financial aid resources available at Rabbinical College of Long Island and your eligibility? Find the answers you seek below.
Unable to Report on First Year Student Financial Aid
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Rabbinical College of Long Island.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
66% of new students (25 total) were offered scholarships at Rabbinical College of Long Island, averaging $4,477.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 100% of freshmen (38 total) obtained a federal grant, for about $3,154.00 a piece.
Amount of Financial Assistance Per Income Level
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 0.00% | $0.00 |
| Income 30k-48k | 5.26% | $7,983.00 |
| Income 48k-75k | 28.95% | $7,439.00 |
| Income 75k-110k | 10.53% | $7,449.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 38 undergraduate students at Rabbinical College of Long Island around 100% (38 total) receive some form of grant aid. The typical amount awarded was $6,423.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.