Dorsey Business Schools Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$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%.
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