Delaware College of Art and Design (DCAD) Financial Aid and Scholarships
Students Receiving Aid
91%
Total Aid Amount
$1.281M
Financial Aid Official Website
www.dcad.edu/financial-aid/
Students can avail of scholarships provided by the college, such as Christa McAuliffe Teacher Scholarship Loan, Delaware Nursing Incentive Scholarship Loan, Governor's Workforce Development Grant, and J.D. O'Connor Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at DCAD receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $623,213 in a year. More information regarding the financial assistance schemes can be accessed on DCAD’s official financial aid page at http://www.dcad.edu/financial-aid/. The total percentage of candidates applying to Delaware College of Art and Design who receive the Federal Grant is 56%. Meanwhile, 100% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 56% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,664, while the same comes to $1,122 for State Grant receivers and $7,674 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,909. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $16,678 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $15,130 and $12,248, respectively. On the other hand, the average federal aid stands at $9,490 for those with an annual family income between $75,001 and $110,000, and at $1,914 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Delaware College of Art and Design, the percentage of candidates who opt to avail of student loans is around 100%.
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