$6,452

Avg. Federal Grant

$11,379

Avg. Federal Loan

$2,114,766

Total Aid Awarded

Dorsey Business Schools Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$2.115M

Financial Aid Official Website

www.dorsey.edu/financial-aid.php

Among them are scholarship programs such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. Notably, 97% of the students at Dorsey School of Business-Madison Heights get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,167,907. At DSBMH, the total percentage of applicants who receive the Federal Grant stands at 92%. In comparison, 92% of the students are awarded the Student Grant, 13% get the Institution Grant, and 84% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,530, while the same comes to $4,180 for State Grant receivers and $850 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,386. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Dorsey School of Business-Madison Heights, the percentage of candidates who opt to avail of student loans is around 95%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

88%

State Grant Aid

13%

Institution Grant Aid

7%

Pell Grant

88%

Average Aid Awarded

Federal Grant Aid

$6,452

State Grant Aid

$9,548

Institution Grant Aid

$1,080

Pell Grant

$6,288

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,028

$30,001 - $48,000

$4,755

$48,001 - $75,000

$6,216

$75,001 - $110,000

N/A

Over $110,000

$1,200

Student Loans for Dorsey Business Schools

Average Loan Amount Average Loan Amount received per year.

$14,745/Year

Students Taking Out Loans

96%

Loan Default Rate

22%

Other Colleges In Michigan

Ferris State University
Ferris State University

Big Rapids, Michigan

Hope College
Hope College

Holland, Michigan

Central Michigan University (CMU)
Central Michigan University (CMU)

Mount Pleasant, Michigan

Other Colleges In Madison Heights

Other Private for-profit Colleges

Post University
Post University

Waterbury, Connecticut

University of Phoenix
University of Phoenix

Phoenix, Arizona