Dakota County Technical College (DCTC) Financial Aid and Scholarships
Students Receiving Aid
50%
Total Aid Amount
$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.
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