$3,535

Avg. Federal Grant

$5,876

Avg. Federal Loan

$389,841

Total Aid Awarded

Davis College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$389.841K

Financial Aid Official Website

www.daviscollege.edu/financialaid.html

Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. 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 $652,770. At DC, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 75% of the candidates get the Student Grant, while 75% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,394. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 DC, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

86%

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$3,535

State Grant Aid

$651

Institution Grant Aid

N/A

Pell Grant

$3,297

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,238

$30,001 - $48,000

$4,369

$48,001 - $75,000

$3,835

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Davis College

Average Loan Amount Average Loan Amount received per year.

$5,876/Year

Students Taking Out Loans

71%

Loan Default Rate

26.6%

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