How RCI'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 Regan Career Institute since 2016.

For that period, the average number of students who received grants aid/scholarships is 28, which is 60.33 % of all undergraduate students. 26 students which is 36.60% of undergraduate students received federal student loans and the average loan amount is $5,360.

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
2016-17	14 (82%)	$5,686	14 (82%)	$5,686	-	-
2017-18	21 (91%)	$4,003	21 (91%)	$4,003	1 (4%)	$5,500
2018-19	34 (53%)	$5,185	34 (53%)	$5,185	29 (45%)	$4,053
2019-20	25 (38%)	$5,415	24 (36%)	$4,649	24 (36%)	$5,287
2020-21	48 (63%)	$4,762	47 (62%)	$4,691	42 (55%)	$5,401
2021-22	26 (35%)	$4,580	20 (27%)	$5,532	32 (43%)	$6,561
Average	28 (60.33%)	$4,939	27 (58.50%)	$4,958	26 (36.60%)	$5,360

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

Overview

For the last 7 years, on average, 12 (73.17 % of students) received grants or scholarships and its average amount is $5,805. It can cover 27.49% of tuition & fees ($21,115).

In addition, 8 (48.80 % of students) students get helped from the students loans (average amount : $4,597).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2016-17	14 (100%)	$5,686	-	-
2017-18	21 (91%)	$4,003	1 (4%)	$5,500
2018-19	18 (58%)	$4,930	21 (68%)	$3,953
2019-20	7 (41%)	$7,345	7 (41%)	$4,369
2020-21	9 (82%)	$6,373	7 (64%)	$4,994
2021-22	2 (67%)	$6,495	2 (67%)	$4,171
Average	12 (73.17%)	$5,805	8 (48.80%)	$4,597

^*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 7 years, on average, 12 (73.17 % of students) received Pell (federal) grants and its average amount is $5,515.

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
2016-17	14 (100%)	$5,686	-	-	-	-	-	-
2017-18	21 (91%)	$4,003	-	-	-	-	-	-
2018-19	18 (58%)	$4,930	-	-	-	-	-	-
2019-20	7 (41%)	$5,602	-	-	-	-	4 (24%)	$3,050
2020-21	9 (82%)	$6,373	-	-	-	-	-	-
2021-22	2 (67%)	$6,495	-	-	-	-	-	-
Average	12 (73.17%)	$5,515	-	-	-	-	4 (24.00%)	$3,050

^*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 7 years, on average, 8 (48.80 % of students) get any students loan help and its average loan amount is $8.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2016-17	-	-	-	-	-	-
2017-18	1 (4%)	$5,500	1 (4%)	$5,500	-	-
2018-19	21 (68%)	$3,953	21 (68%)	$3,953	-	-
2019-20	7 (41%)	$4,369	7 (41%)	$4,369	-	-
2020-21	7 (64%)	$4,994	7 (64%)	$4,994	-	-
2021-22	2 (67%)	$4,171	2 (67%)	$4,171	-	-
Average	8 (48.80%)	$4,597	8 (48.80%)	$4,597	-	-

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Scholarships, Grants, and Loan Trends at RCI

All Undergraduate Students Financial Aid Over Time

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