$4,764

Avg. Federal Grant

$4,442

Avg. Federal Loan

$1,507,964

Total Aid Awarded

Daytona College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$1.508M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 94% of students at DC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,860,007. Notably, a total of 89% of the applicants to Daytona College receive the Federal Grant every year. In comparison, 89% of the students get the Student Grant, and 88% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,838. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 87% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

2%

Institution Grant Aid

N/A

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$4,764

State Grant Aid

$752

Institution Grant Aid

N/A

Pell Grant

$4,680

Here is the given financial assistance percentage. 

With regards to awards, students get the chance to take up various awards; government, institutional, or state awards.

  • As per the records observed, 75% of the students are awarded Federal Grant Aid which adds up to at a normal of $4,764.

  • Almost 75% of the students receive Pell Grants which add up to a normal of around $4,680.

  • Roughly 2% of the students are eligible for state awards at a normal of around $752.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,263

$30,001 - $48,000

$2,866

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

The financial assistance is given by keeping in mind the family income of the students. There are 5 income slabs according to which federal aid is provided.

For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $4,263 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $2,866

Student Loans for Daytona College

Average Loan Amount Average Loan Amount received per year.

$4,442/Year

Students Taking Out Loans

84%

Loan Default Rate

9.7%

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