$5,343

Avg. Federal Grant

$8,684

Avg. Federal Loan

$2,373,521

Total Aid Awarded

Dawn Career Institute (DCI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$2.374M

Financial Aid Official Website

https://www.dawncareerinstitute.edu/Financial-Aid.php

Students can avail of scholarships provided by the college, such as Christa McAuliffe Teacher Scholarship Loan, Delaware Nursing Incentive Scholarship Loan, John A. & Marion B. Smitherman Fund, and Richard S. Cordrey Scholarship, if they find educational expenses to be on the higher side. As many as 83% of the students at DCIL get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,113,009 in a year. At DCIL, the total percentage of applicants who receive the Federal Grant stands at 73%. In comparison, 74% of the students get the Student Grant, and 73% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,639. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At DCIL, an estimated number of 79% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

86%

State Grant Aid

4%

Institution Grant Aid

N/A

Pell Grant

86%

Average Aid Awarded

Federal Grant Aid

$5,343

State Grant Aid

$2,851

Institution Grant Aid

N/A

Pell Grant

$5,343

The breakdown of financial aid at Dawn Career Institute includes Federal Grants, Pell Grants, state grants, and institutional grants. Federal Grants and Pell Grants have the highest percentage contribution of 86% with an average Federal-aid amount being $5,343 and an average Pell aid amount of $5,343. State grants have aid average of $2,851 with 4% aid. For information on Institutional Grants, refer to the official website of Dawn Career Institute. 

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,874

$30,001 - $48,000

$4,125

$48,001 - $75,000

$3,878

$75,001 - $110,000

N/A

Over $110,000

N/A

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $4,874. Since the information on family income over $110,000 is not available, you can refer to the official website of Dawn Career Institute.

Student Loans for Dawn Career Institute (DCI)

Average Loan Amount Average Loan Amount received per year.

$8,305/Year

Students Taking Out Loans

93%

Loan Default Rate

9.2%

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