How RACC's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Reading Area Community College since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,095, which is 72.56 % of all undergraduate students. 1,461 students which is 34.56% of undergraduate students received federal student loans and the average loan amount is $5,868.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,027 (67%)	$3,568	2,795 (62%)	$3,088	2,041 (45%)	$6,338
2014-15	3,331 (79%)	$2,936	2,624 (63%)	$2,944	1,793 (43%)	$5,886
2015-16	2,479 (61%)	$7,405	2,270 (56%)	$3,219	1,565 (38%)	$5,788
2016-17	3,386 (82%)	$3,406	3,026 (74%)	$2,987	1,945 (47%)	$5,247
2017-18	2,559 (61%)	$4,055	2,288 (54%)	$3,554	1,496 (36%)	$5,775
2018-19	2,473 (59%)	$4,284	2,209 (53%)	$3,762	1,347 (32%)	$5,766
2019-20	2,823 (66%)	$4,039	2,239 (52%)	$3,719	1,304 (30%)	$5,988
2020-21	3,100 (79%)	$3,774	1,931 (49%)	$3,606	962 (25%)	$5,964
2021-22	4,677 (99%)	$3,524	1,837 (39%)	$3,648	696 (15%)	$6,060
Average	3,095 (72.56%)	$4,110	2,358 (55.78%)	$3,392	1,461 (34.56%)	$5,868

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 288 (89.78 % of students) received grants or scholarships and its average amount is $5,560. It can cover 46.22% of tuition & fees ($12,030) based on out-of-state rate.

In addition, 110 (35.67 % of students) students get helped from the students loans (average amount : $4,969).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	234 (93%)	$4,371	118 (47%)	$5,375
2014-15	211 (92%)	$4,096	121 (53%)	$5,064
2015-16	271 (87%)	$5,211	108 (35%)	$5,033
2016-17	268 (91%)	$4,580	118 (40%)	$4,673
2017-18	233 (76%)	$5,596	122 (40%)	$4,659
2018-19	322 (83%)	$5,160	126 (32%)	$4,562
2019-20	394 (91%)	$8,749	136 (31%)	$4,959
2020-21	324 (95%)	$5,333	95 (28%)	$5,261
2021-22	333 (100%)	$6,942	49 (15%)	$5,137
Average	288 (89.78%)	$5,560	110 (35.67%)	$4,969

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 210 (66.11 % of students) received Pell (federal) grants and its average amount is $4,680.

In addition, 125 students received State/local government grants/scholarships (39.33 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	180 (72%)	$4,177	35 (14%)	$318	108 (43%)	$1,317	61 (24%)	$1,930
2014-15	158 (69%)	$4,136	20 (9%)	$274	105 (46%)	$1,263	44 (19%)	$1,654
2015-16	214 (69%)	$5,042	33 (11%)	$446	133 (43%)	$1,465	57 (18%)	$2,168
2016-17	207 (70%)	$4,306	29 (10%)	$542	119 (40%)	$1,675	51 (17%)	$2,378
2017-18	207 (68%)	$4,723	40 (13%)	$489	115 (38%)	$1,358	62 (20%)	$2,427
2018-19	245 (63%)	$4,886	57 (15%)	$324	160 (41%)	$1,415	82 (21%)	$2,679
2019-20	287 (66%)	$4,885	373 (86%)	$4,151	167 (39%)	$1,452	94 (22%)	$2,708
2020-21	199 (59%)	$4,750	316 (93%)	$1,039	126 (37%)	$1,571	91 (27%)	$2,819
2021-22	196 (59%)	$5,219	333 (100%)	$2,542	90 (27%)	$2,031	88 (26%)	$2,949
Average	210 (66.11%)	$4,680	137 (39.00%)	$1,125	125 (39.33%)	$1,505	70 (21.56%)	$2,412

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 110 (35.67 % of students) get any students loan help and its average loan amount is $110.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	118 (47%)	$5,375	118 (47%)	$5,375	-	-
2014-15	121 (53%)	$5,064	121 (53%)	$5,064	-	-
2015-16	108 (35%)	$5,033	108 (35%)	$5,033	-	-
2016-17	118 (40%)	$4,673	118 (40%)	$4,673	-	-
2017-18	122 (40%)	$4,659	122 (40%)	$4,659	-	-
2018-19	126 (32%)	$4,562	126 (32%)	$4,562	-	-
2019-20	136 (31%)	$4,959	136 (31%)	$4,959	-	-
2020-21	95 (28%)	$5,261	95 (28%)	$5,261	-	-
2021-22	49 (15%)	$5,137	49 (15%)	$5,137	-	-
Average	110 (35.67%)	$4,969	110 (35.67%)	$4,969	-	-

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Scholarships, Grants, and Loan Trends at RACC

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time