Dominican College Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$22.318M
Financial Aid Official Website
www.dc.edu/admissions/financial-aid-2/
Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. It is interesting to note that almost every student at DCB receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,762,512. For additional information about financial assistance schemes, one can head over to DCB’s financial aid page at http://www.dc.edu/admissions/financial-aid-2/. Notably, a total of 55% of the applicants to Dominican College of Blauvelt receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 55% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,051, the State Grant receivers and Institution Grant beneficiaries get $2,853 and $17,548, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,502. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $27,458 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,895, while those falling in the $48,001-$75,000 income category get $20,562 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,382. And, for those with a family income of more than $110,000, the amount stands at $15,618. 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. Candidates are also required to repay these loans within a given period. At DCB, an estimated number of 75% of the applicants choose to go for student loans.