Del Mar College (DMC) Financial Aid and Scholarships
Students Receiving Aid
40%
Total Aid Amount
$20.311M
Financial Aid Official Website
www.delmar.edu/finaid/
Such schemes include Abe and Annie Seibel Foundation Loan, Beecroft Family Scholarship, Cecil E. Burney Scholarship, and Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption. As many as 73% of the students at DMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,838,513 in a year. For additional information about financial assistance schemes, one can head over to DMC’s financial aid page at http://www.delmar.edu/finaid/. Notably, a total of 59% of the applicants to Del Mar College receive the Federal Grant every year. In comparison, 69% of the students are awarded the Student Grant, 25% get the Institution Grant, and 59% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,198, and the same stands at $2,789 for State Grant awardees and $1,379 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,399. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Del Mar College, the percentage of candidates who opt to avail of student loans is around 14%.
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