$4,505

Avg. Federal Grant

$4,951

Avg. Federal Loan

$12,175,512

Total Aid Awarded

Dakota Wesleyan University (DWU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$12.176M

Financial Aid Official Website

www.dwu.edu/admissions/financial-aid

Interestingly, almost all of the students at DWU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $6,012,241 in a year. For additional information about financial assistance schemes, one can head over to DWU’s financial aid page at http://www.dwu.edu/admissions/financial-aid. The total percentage of candidates applying to Dakota Wesleyan University who receive the Federal Grant is 36%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,844, and the same stands at $1,157 for State Grant awardees and $13,488 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,453. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,448 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $19,797 and $16,431, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $15,787. And, for those with a family income of more than $110,000, the amount stands at $15,885. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Dakota Wesleyan University, the percentage of candidates who opt to avail of student loans is around 85%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

24%

Institution Grant Aid

99%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,505

State Grant Aid

$1,188

Institution Grant Aid

$13,795

Pell Grant

$4,051

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,792

$30,001 - $48,000

$19,130

$48,001 - $75,000

$15,699

$75,001 - $110,000

$13,785

Over $110,000

$15,281

Student Loans for Dakota Wesleyan University (DWU)

Average Loan Amount Average Loan Amount received per year.

$8,503/Year

Students Taking Out Loans

88%

Loan Default Rate

5.9%

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