Dominican University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$40.416M
Financial Aid Official Website
www2.dom.edu/financialaid
Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,689,788. More information regarding the financial assistance schemes can be accessed on DU’s official financial aid page at http://www2.dom.edu/financialaid. The total percentage of candidates applying to Dominican University who receive the Federal Grant is 55%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 55% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,924, the State Grant receivers and Institution Grant beneficiaries get $4,601 and $17,081, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,671. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $25,065 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $24,715 and $22,195, respectively. On the other hand, the average federal aid stands at $19,447 for those with an annual family income between $75,001 and $110,000, and at $17,239 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At DU, an estimated number of 73% of the applicants choose to go for student loans.
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