$4,435

Avg. Federal Grant

$4,208

Avg. Federal Loan

$4,748,054

Total Aid Awarded

Danville Community College (DCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$4.748M

Financial Aid Official Website

www.dcc.vccs.edu/studentServices/FinancialAid/financial_aid.htm

It is interesting to note that, every year, around 89% of students at DCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,328,315. For additional information about financial assistance schemes, one can head over to DCC’s financial aid page at http://www.dcc.vccs.edu/studentServices/FinancialAid/financial_aid.htm. At DCC, the total percentage of applicants who receive the Federal Grant stands at 68%. On the other hand, 81% of the candidates get the Student Grant, 15% receive the Institution Grant, and 68% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,689, the State Grant receivers and Institution Grant beneficiaries get $1,025 and $1,240, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,725. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Every year, around 15% of the applicants to Danville Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

27%

Institution Grant Aid

18%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,435

State Grant Aid

$1,168

Institution Grant Aid

$1,277

Pell Grant

$4,383

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,284

$30,001 - $48,000

$5,036

$48,001 - $75,000

$3,120

$75,001 - $110,000

$775

Over $110,000

N/A

Student Loans for Danville Community College (DCC)

Average Loan Amount Average Loan Amount received per year.

$4,208/Year

Students Taking Out Loans

13%

Loan Default Rate

16.5%

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