by our College Data Analytics TeamA lot of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Delaware-Chenango-Madison-Otsego-Boces-Practical-Nursing-Program can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does DCMO-BOCES provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Delaware-Chenango-Madison-Otsego-Boces-Practical-Nursing-Program.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Delaware-Chenango-Madison-Otsego-Boces-Practical-Nursing-Program, 100% of the incoming full-time class was awarded financial aid some 18 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $6,655 |
| Institutional grants & scholarships | 6% | $1,950 |
| Federal Pell grants | 78% | $6,431 |
| State/local grants | 44% | $1,813 |
| Federal student loans | 94% | $7,724 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at DCMO-BOCES, about 82% of undergraduate students received gift aid averaging $5,731 (for some 28 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,731 |
| Federal Pell grants | 65% | $5,898 |
| Federal student loans | 82% | $7,895 |
For students living on campus and receiving title-IV aid, grants averaged $6,264.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,331 |
| $30,001 – $75,000 | $14,271 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,001 |
| Off-campus title-IV students | $16,331 |
For a customized cost estimate, visit DCMO-BOCES’s net price tool: core-docs.s3.us-east-1.amazonaws.com/documents/asset/uploaded_file/3383/DCMO_BOCES/4395434/index.html.
A handful of calculated indicators summarize the debt outlook at DCMO-BOCES.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at DCMO-BOCES:
| Metric | Value |
|---|---|
| Stafford loan recipients | 475 |
| Total Stafford loan amount | $3,801,437 |
References
More about our data sources and methodologies.