by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Rust College average financial aid offer for freshmen students is $8,056.00. 98% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Rust College.
As well as scholarships, 83% of freshmen (161 total) received a federal grant, for about $7,152.00 a person.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
83% of first years at Rust College (161 total) were awarded a federal grant, averaging $7,152.00.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 63.59% | $8,227.00 |
| Income 30k-48k | 13.85% | $7,185.00 |
| Income 48k-75k | 2.05% | $5,382.00 |
| Income 75k-110k | 2.05% | $1,113.00 |
| Income 110k + | 1.03% | $5,919.00 |
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.
188 Rust College undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $8,056.00.The largest share of which are in the guise of Pell Grants.
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.