Davis & Elkins College Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$16.386M
Financial Aid Official Website
www.dewv.edu/future-students/afford
It is interesting to note that, every year, around 99% of students at DEC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,667,246. At DEC, the total percentage of applicants who receive the Federal Grant stands at 55%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,865, while the same comes to $3,295 for State Grant receivers and $19,245 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,655. 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 DEC, an estimated number of 75% of the applicants choose to go for student loans.
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