$4,534

Avg. Federal Grant

$9,698

Avg. Federal Loan

$31,895,783

Total Aid Awarded

Davenport University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$31.896M

Financial Aid Official Website

www.davenport.edu/financial-aid

Davenport University offers a variety of financial aids in order to facilitate its students to receive a proper higher education. If you want more information on the financial aid offerings, you may visit the given Financial Aid link. The university also recommends you to fully go through the terms and conditions before applying for the aids. 

The cancellation of the offered grants lies in the hands of the institute in case you stop keeping up your grades and meeting the eligibility criteria of the aids. Moreover, you are only eligible for the Davenport Financial aids after you take up a major degree program of more than 25 credits for a bachelors or associates degree and a total of 13 credits for a graduate program. 

Scholarships

The university dedicates almost US$15 million towards institutional scholarship funds each year and 95% of students receive such scholarships after their application is processed. In order to complete the free application successfully, you must fill up your FAFSA form and submit it to the appropriate authorities. 

Few of the types of scholarships are as mentioned below:

The undergraduate students may receive the Gerald R.Ford Memorial Scholarship, Martin Luther King Inherit the Dream Scholarship and Si Se Puede Cesar E. Chavez Scholarship which covers almost the total amount of tuition and fees.

The incoming freshman students are eligible for the University President Scholarship of an amount US$10,000 per year, the Excellence Scholarship of an amount US$8,000 per year, Achievement Scholarship which offers an amount of US$6,500 per year and the Signature Scholarships amounting to US$5,000 per year.

The incoming transfer candidates are offered the Titanium Scholarship of an amount of US$6,000 on a yearly basis.

Davenport University Graduate students may receive the Medallion Scholarship of US$2,000, Scholars Scholarship of an amount of US$1,500 or the Graduate Scholarship of US$1,000 on a yearly basis.

In addition, the Davenport Foundation scholarships and the Community Foundation Scholarships are provided to the students on the basis of merit. In order to access these scholarships, all you need to do is keep up your grades all throughout your course and maintain consistency in endeavour and effort. If you would like more details on the other General Scholarships, please visit the given link.

Grants

Federal grants are offered to the prospective and existing candidates on the basis of their FAFSA and EFC (Expected Family Contribution). The PELL Grants are another form of Federal Grants which is awarded to only the undergraduate students. 

Students who are residents of Michigan are eligible for the State Grants after they fill up their FAFSA. The Davenport University FAFSA code is 02249. The state grants are also subject to renewal. 

The candidates who pursue a teacher certification can be recipients of the TEACH Grants to an amount of US$3,752. 

The transfer students have access to the Transfer Student Grant which allows a discount of 20% on the tuition and fees. The partner Tuition Grants is also given but the exact amount is subject to the partnership agreements and collaborations. All the grants provided by the college are considered a gift and do not require repayment. 

Loans

While making a comparative study on the different types of loans available to you, you will often find that the interest rates for the direct loans are slightly lower. Davenport University advises you to go through their web-page and also approach them personally for some counselling on students’ loans.

We provide all the basic information that you need regarding the types of loans that you might apply for. The university offers you to apply for both subsidised and unsubsidised loans.

The Parent Plus Loans are provided only if the recipient is a dependent child of his/her parents. This category of loan is never subsidised and the parents will have to bear the complete burden of interest.

Many consumer loans are also made available to you. However, the university does not recommend you to apply for third party loans. All student loans must be applied only in special circumstances of financial need.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

58%

Institution Grant Aid

88%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,534

State Grant Aid

$2,456

Institution Grant Aid

$8,296

Pell Grant

$4,298

The total fund amount directed by the university towards financial aid is a sum of US$31,895,783 and the percentage of students receiving these aids are around 74%. As previously discussed, few of the students also apply for a Federal loan. The average amount of federal loans is about US$9,698.

Student loan average amounts to US$11,317 which is applied for by 71% candidates. The default rate of these students’ loans is approximately 8.5%.

The major types of federal grants provided by Davenport university are of two categories. The Federal Grants are the first type which sums up to an average of US$4,534 received by almost 44%. The other is the Pell Grant which is also opted by 44% of students. On an average Pell grant that you can avail for this college stands to US$4,298.

State aid provided for this college comes to an average of approximately US$2,456 and 58% students avail it and the Institutional grant average is about US$8,296 which is given to a majority of 88% candidates.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,906

$30,001 - $48,000

$7,947

$48,001 - $75,000

$4,578

$75,001 - $110,000

$5,723

Over $110,000

$1,333

We have further segregated the amount of financial aid received by each family income bracket to facilitate your decision making wisely.

If you fall under a family income category under US$30,000 then you might receive a basic amount of US$10,906 as financial aid. A family income category ranging from US$30,001 - US$48,000 can expect the same amount to go down drastically to US$7,947. For an income range between US$48,001 to US$75,000 the expected financial aid that you might expect to receive can be close enough to a figure of US$4,578; again, showing a downward trend.

Consequently, a family income falling under the range of US$75,001 - US$110,000 can avail for financial aid up to US$5,723. For any family with an income range falling over and above US$110,000 may get a considerable amount of US$1,333 only. The students who maintain a good academic record will be most benefited when it comes to receiving the Davenport University Financial Aid.

Student Loans for Davenport University

Average Loan Amount Average Loan Amount received per year.

$11,317/Year

Students Taking Out Loans

71%

Loan Default Rate

8.5%

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