$4,221

Avg. Federal Grant

$5,129

Avg. Federal Loan

$4,950,605

Total Aid Awarded

Dakota County Technical College (DCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$4.951M

Financial Aid Official Website

www.dctc.edu/admissions/pay-for-college/financial-aid/

As many as 77% of the students at DCTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,551,863 in a year. At DCTC, the total percentage of applicants who receive the Federal Grant stands at 33%. Meanwhile, 53% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 33% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,366, and the same stands at $1,970 for State Grant awardees and $1,079 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,626. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At DCTC, an estimated number of 41% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

39%

Institution Grant Aid

15%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,221

State Grant Aid

$1,585

Institution Grant Aid

$880

Pell Grant

$4,158

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,959

$30,001 - $48,000

$5,346

$48,001 - $75,000

$3,969

$75,001 - $110,000

$942

Over $110,000

$98

Student Loans for Dakota County Technical College (DCTC)

Average Loan Amount Average Loan Amount received per year.

$5,522/Year

Students Taking Out Loans

36%

Loan Default Rate

10%

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