Financial Aid at RACC
Financial Aid Amount Received
$3,524 (29.29% of tuition)
Percent of Financial Aid Received
99% of 4,533 students
4,677 undergraduate students (99% of all students) have received grants, scholarships, and/or federal student loans at Reading Area Community College. The percentage of students who received financial aid extremely higher compared to Public, 2-4 Years Colleges in Pennsylvania.
Compared to similar schools in rankings such as Lehigh Carbon Community College and Montgomery County Community College, the percentage of students who received financial aid is extremely higher (the average of the schools is 60.00%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,524 and the average loan amount is $6,060. The average financial aid amount is 29.29% of tuition & fees based on out-of-state rate (tuition & fees: $12,030).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 4,677 | 99% | $16,482,739 | $3,524 |
| Pell Grants | 1,837 | 39% | $6,700,554 | $3,648 |
| Federal Students Loans | 696 | 15% | $4,217,968 | $6,060 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 333 students have received one or more types of financial aid at Reading Area Community College.
The average amount of federal, state, local or institutional grant aid is $6,942 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,137.
The following table shows the financial data by type of aid at Reading Area Community College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 333 | 100% | - | - |
| Grant or scholarship aid | 333 | 100% | $2,311,755 | $6,942 |
| Federal Grants | 333 | 100% | $1,869,473 | $5,614 |
| Pell Grants | 196 | 59% | $1,022,830 | $5,219 |
| Other Federal Grants | 333 | 100% | $846,643 | $2,542 |
| State/Local Grants | 90 | 27% | $182,809 | $2,031 |
| Institutional Grants | 88 | 26% | $259,473 | $2,949 |
| Student Loans | 49 | 15% | $251,727 | $5,137 |
| Federal Student Loans | 49 | 15% | $251,727 | $5,137 |
| Other Student Loans | 0 | 0% | $0 | $0 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Reading Area Community College.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $1,440,382 | $6,209 |
| 0 - $30,000 | 109 | 109 | $806,282 | $7,397 |
| $30,001 - $48,000 | 45 | 45 | $296,249 | $6,583 |
| $48,001 - $75,000 | 38 | 38 | $287,323 | $7,561 |
| $75,001 - $110,000 | 18 | 18 | $41,629 | $2,313 |
| $110,001 - more | 22 | 22 | $8,899 | $405 |
Paid Tuition Rates by Residency
At Reading Area Community College, for the first-time/full-time students, 17 students have paid in-state rate of tuition and 7 students have paid out-of-state tuition rate. In addition, 309 students have paid in-district rate of tuition.
| # of Students | |
|---|---|
| In-District Rate | 309 |
| In-State Rate | 17 |
| Out-of-State Rate | 7 |
| Un-known | 0 |