$4,748

Avg. Federal Grant

$5,466

Avg. Federal Loan

$13,343,225

Total Aid Awarded

Delta State University (DSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$13.343M

Financial Aid Official Website

www.deltastate.edu/student-life/financial-aid/

As many as 94% of the students at DSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,768,095 in a year. More information regarding the financial assistance schemes can be accessed on DSU’s official financial aid page at http://www.deltastate.edu/student-life/financial-aid/. The total percentage of candidates applying to Delta State University who receive the Federal Grant is 46%. On the other hand, 88% of the candidates get the Student Grant, 65% receive the Institution Grant, and 46% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,992, and the same stands at $1,685 for State Grant awardees and $5,169 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,795. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 57% of the applicants to Delta State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

40%

Institution Grant Aid

77%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,748

State Grant Aid

$1,584

Institution Grant Aid

$4,069

Pell Grant

$4,736

As shown in the table the breakdown of Financial aid of Delta State University includes Federal Grants, Pell Grants, state grants and institutional grants, with federal grants having the highest percentage contribution of 50% with an average aid amount being $4,748.

Pell grants have a percentage of 49% with an average aid amount of $4,736 which is higher than the state grant aid average of $1,584.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,587

$30,001 - $48,000

$7,590

$48,001 - $75,000

$6,746

$75,001 - $110,000

$3,227

Over $110,000

$2,246

As shown in the table 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 $8,587 while those with family income over $110,000 can expect to receive an aid amount of $2,246. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Delta State University (DSU)

Average Loan Amount Average Loan Amount received per year.

$6,021/Year

Students Taking Out Loans

65%

Loan Default Rate

10.3%

The student loan is a kind of financial aid which has to be paid back within a stipulated time period. Average student loan amount for a student at Delta State University is $6,021. Around 65% of the students of Delta State University have availed for the student loan for their financial needs. The default loan rate is 10.3%

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