$4,469

Avg. Federal Grant

$4,094

Avg. Federal Loan

$20,408,444

Total Aid Awarded

Des Moines Area Community College (DMACC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

24%

Total Aid Amount Average Total Aid Awarded per year.

$20.408M

Financial Aid Official Website

https://www.dmacc.edu/fin_aid/Pages/welcome.aspx

Such schemes include All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and Governor Terry E. Brandstad Iowa State Fair Scholarship. Notably, 70% of the students at Des Moines Area Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $22,034,700. For additional information about financial assistance schemes, one can head over to DMACC’s financial aid page at https://www.dmacc.edu/fin_aid/Pages/welcome.aspx. At DMACC, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 53% of the students are awarded the Student Grant, 21% get the Institution Grant, and 39% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,580, and the same stands at $1,643 for State Grant awardees and $1,289 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,751. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 40% of the applicants to Des Moines Area Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

13%

Institution Grant Aid

16%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,469

State Grant Aid

$1,742

Institution Grant Aid

$1,322

Pell Grant

$4,419

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,579

$30,001 - $48,000

$4,880

$48,001 - $75,000

$2,664

$75,001 - $110,000

$785

Over $110,000

$484

Student Loans for Des Moines Area Community College (DMACC)

Average Loan Amount Average Loan Amount received per year.

$4,301/Year

Students Taking Out Loans

44%

Loan Default Rate

17.2%

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