by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from RPI.
$33,155.00 is the typical Rensselaer Polytechnic Institute’s first year financial aid package. 88% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Rensselaer Polytechnic Institute you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by Rensselaer Polytechnic Institute.
83% of incoming freshmen (1375 total) were given scholarships at Rensselaer Polytechnic Institute, averaging $31,461.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 85% of first-year students (1413 total) got a federal grant, for about $3,539.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.41% | $50,938.00 |
| Income 30k-48k | 5.83% | $53,078.00 |
| Income 48k-75k | 5.71% | $44,028.00 |
| Income 75k-110k | 7.09% | $42,227.00 |
| Income 110k + | 23.18% | $30,813.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
88% of the 1665 undergraduates at Rensselaer Polytechnic Institute receive some sort of grant aid. This is a total of about 1471 students getting an average of $33,155.00 per person.
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.