by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Denmark College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Denmark College offer, and what will you qualify for? Keep reading for more information. Keep going to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Denmark College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Denmark College, 100% of first-time, full-time freshmen received some form of financial aid approximately 68 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,350 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 69% | $6,350 |
| State/local grants | 0% | — |
| Federal student loans | 69% | $4,877 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Denmark College, about 76% of undergraduates were awarded grant or scholarship aid averaging $8,201 (across roughly 199 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $8,201 |
| Federal Pell grants | 64% | $5,102 |
| Federal student loans | 66% | $4,509 |
For on-campus title-IV students, average grant aid came to $5,427.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,710 |
| $30,001 – $75,000 | $14,690 |
| Over $75,000 | $19,782 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,739 |
| Off-campus title-IV students | $14,312 |
For an estimate tailored to your family circumstances, see Denmark College’s net price tool: www.denmarkcollege.edu/financial-aid/.
Graduating students at Denmark College carry a median federal student debt of $5,991 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,991 |
| Median federal debt (graduates only) | $8,965 |
| Typical 10-year monthly payment (graduates) | $95.04/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Denmark College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,025 |
| 75th percentile | $12,018 |
| 90th percentile (highest-debt students) | $15,078 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,667 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,097 |
The figure below distills the debt data into a single burden category for Denmark College.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Denmark College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1247 |
| Total Stafford loan amount | $10,683,405 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $47,340 |
| Average GI Bill amount per recipient | $11,835 |
References
More about our data sources and methodologies.