by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Danville Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will Danville Community College offer, and what will you qualify for? Read on for more information. Read on to see 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Danville Community 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.
Looking at the entering class at Danville Community College, 89% of entering full-time freshmen got some type of financial assistance roughly 225 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,043 |
| Institutional grants & scholarships | 14% | $3,277 |
| Federal Pell grants | 71% | $6,406 |
| State/local grants | 54% | $1,956 |
| Federal student loans | 6% | $4,923 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Danville Community College, about 44% of undergrads got grants or scholarships worth on average $5,743 (among about 1107 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $5,743 |
| Federal Pell grants | 37% | $4,815 |
| Federal student loans | 4% | $5,502 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,457.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,412 |
| $30,001 – $75,000 | $7,207 |
| Over $75,000 | $13,460 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $6,669 |
| Off-campus title-IV students | $7,158 |
For an estimate tailored to your family circumstances, see Danville Community College’s online cost calculator: www.danville.edu/fees-and-expenses.
The median federal debt load at Danville Community College comes to $6,100 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,100 |
| Median federal debt (graduates only) | $9,000 |
| Typical 10-year monthly payment (graduates) | $95.41/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 figures below chart the debt distribution at Danville Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,500 |
| 75th percentile | $8,000 |
| 90th percentile (highest-debt students) | $11,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
| Middle income | $5,500 |
| High income | $6,931 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,288 |
| Continuing-generation students | $5,749 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Danville Community College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Danville Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2276 |
| Total Stafford loan amount | $16,098,602 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.