$4,541

Avg. Federal Grant

$2,937

Avg. Federal Loan

$4,905,111

Total Aid Awarded

Danville Area Community College (DACC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

42%

Total Aid Amount Average Total Aid Awarded per year.

$4.905M

Financial Aid Official Website

dacc.edu/finaid/

As many as 78% of the students at DACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $600,116 in a year. More information regarding the financial assistance schemes can be accessed on DACC’s official financial aid page at http://dacc.edu/finaid/. At DACC, the total percentage of applicants who receive the Federal Grant stands at 53%. On the other hand, 59% of the candidates get the Student Grant, 7% receive the Institution Grant, and 53% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,042, while the same comes to $1,246 for State Grant receivers and $6,624 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,980. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Danville Area Community College, the percentage of candidates who opt to avail of student loans is around 9%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

23%

Institution Grant Aid

8%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,541

State Grant Aid

$1,303

Institution Grant Aid

$6,498

Pell Grant

$4,396

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,850

$30,001 - $48,000

$5,051

$48,001 - $75,000

$2,153

$75,001 - $110,000

$890

Over $110,000

N/A

Student Loans for Danville Area Community College (DACC)

Average Loan Amount Average Loan Amount received per year.

$3,005/Year

Students Taking Out Loans

12%

Loan Default Rate

15%

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