$5,040

Avg. Federal Grant

$5,790

Avg. Federal Loan

$30,064,476

Total Aid Awarded

Daemen College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$30.064M

Financial Aid Official Website

www.daemen.edu/admissions/financing-your-education/financial-aid

Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Alumni Grant, and Athletic Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,560,237. At DC, the total percentage of applicants who receive the Federal Grant stands at 38%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,010, and the same stands at $3,225 for State Grant awardees and $17,409 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,217. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 78% of the applicants to Daemen College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

56%

Institution Grant Aid

100%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,040

State Grant Aid

$3,124

Institution Grant Aid

$17,375

Pell Grant

$4,302

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,710

$30,001 - $48,000

$21,845

$48,001 - $75,000

$21,348

$75,001 - $110,000

$19,590

Over $110,000

$14,261

Student Loans for Daemen College

Average Loan Amount Average Loan Amount received per year.

$8,213/Year

Students Taking Out Loans

78%

Loan Default Rate

3.4%

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