Financial Aid is any assistance given to the students to support their educational cost. The four types of financial aid offered are scholarships, grants, loans, and work-study programs. It is given on the basis of need or on a merit basis.
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Federal aid includes Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), TEACH Grant, Direct PLUS Loans, Direct Subsidized Loans, Direct Unsubsidized Loans, and Federal Work-Study.
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TEACH aid includes Iraq and Afghanistan, Service Grant.
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Institutional aid includes Nursing Student Loan, Nursing Education Loan, DSU Heritage Foundation Scholarship, Merit-Based Scholarship, Bakken U Scholarship, Staff Senate Scholarship, and many more.
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Military Aid consists of Post 9/11 GI Bill, Yellow Ribbon Program, and the Tuition Assistance Program.
Now let’s look at the number of students availing this financial assistance are:
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An estimated 27% of the students undergoing any University Major program avails a Federal Grant Aid worth $4,857.
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27% of students are benefited by the Pell Grants worth $4,410.
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The State Grant Aid provides assistance of $1,744 to 34% of the student population.
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59% of the students avail Institutional Grant Aid worth $2,871.