$4,581

Avg. Federal Grant

$5,292

Avg. Federal Loan

$1,364,895

Total Aid Awarded

Davis College (NY) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$1.365M

Financial Aid Official Website

https://www.davisny.edu/financialaid/financial-aid-process/

It is interesting to note that almost every student at DC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $773,383. Notably, a total of 81% of the applicants to Davis College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 88% receive the Institution Grant, and 81% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,097, the State Grant receivers and Institution Grant beneficiaries get $5,037 and $6,576, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,821. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Davis College, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

61%

Institution Grant Aid

83%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$4,581

State Grant Aid

$3,612

Institution Grant Aid

$4,557

Pell Grant

$4,402

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,677

$30,001 - $48,000

$10,857

$48,001 - $75,000

$8,110

$75,001 - $110,000

$7,141

Over $110,000

$4,250

Student Loans for Davis College (NY)

Average Loan Amount Average Loan Amount received per year.

$5,292/Year

Students Taking Out Loans

78%

Loan Default Rate

10.9%

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