Financial Aid at RACC
Financial Aid Amount Received
$4,250 (35.33% of tuition)
Percent of Financial Aid Received
55% of 4,533 students
2,497 undergraduate students (55% 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 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 higher (the average of the schools is 47.00%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,250 and the average loan amount is $6,198. The average financial aid amount is 35.33% 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 | 2,497 | 55% | $10,612,612 | $4,250 |
| Pell Grants | 1,935 | 43% | $7,492,216 | $3,872 |
| Federal Students Loans | 802 | 18% | $4,971,171 | $6,198 |
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), 270 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 $5,471 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,929.
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 | 270 | 86% | - | - |
| Grant or scholarship aid | 270 | 86% | $1,477,281 | $5,471 |
| Federal Grants | 190 | 61% | $1,052,798 | $5,541 |
| Pell Grants | 188 | 60% | $1,017,800 | $5,414 |
| Other Federal Grants | 48 | 15% | $34,998 | $729 |
| State/Local Grants | 89 | 28% | $201,740 | $2,267 |
| Institutional Grants | 92 | 29% | $222,743 | $2,421 |
| Student Loans | 58 | 18% | $285,907 | $4,929 |
| Federal Student Loans | 58 | 18% | $285,907 | $4,929 |
| Other Student Loans | 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 | - | - | $1,405,144 | $6,329 |
| 0 - $30,000 | 88 | 88 | $650,129 | $7,388 |
| $30,001 - $48,000 | 49 | 49 | $385,444 | $7,866 |
| $48,001 - $75,000 | 43 | 41 | $261,853 | $6,090 |
| $75,001 - $110,000 | 30 | 21 | $102,622 | $3,421 |
| $110,001 - more | 12 | 4 | $5,096 | $425 |