by our College Data Analytics TeamMany 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 total price of attendance at Del Mar College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will DMC offer you, and what will you qualify for? Read on for more information. Keep scrolling to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Del Mar 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 freshmen starting at Del Mar College, 76% of the incoming full-time class was awarded financial aid (about 246 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $9,137 |
| Institutional grants & scholarships | 20% | $2,040 |
| Federal Pell grants | 67% | $7,999 |
| State/local grants | 29% | $3,173 |
| Federal student loans | 5% | $3,709 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At DMC, around 39% of the undergraduate population received grant aid that averaged $7,721 (for some 3820 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $7,721 |
| Federal Pell grants | 33% | $7,757 |
| Federal student loans | 5% | $4,373 |
For students living on campus and receiving title-IV aid, grants averaged $9,496.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,459 |
| $30,001 – $75,000 | $5,019 |
| Over $75,000 | $9,693 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $3,399 |
| Off-campus title-IV students | $4,250 |
For an estimate tailored to your family circumstances, see DMC’s net price tool: www.delmar.edu/becoming-a-viking/afford/index.html.
A typical borrower at DMC leaves with $3,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at DMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,364 |
| 25th percentile | $1,750 |
| 75th percentile | $5,250 |
| 90th percentile (highest-debt students) | $8,750 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $3,709 |
| Middle income | $3,500 |
| High income | $3,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,500 |
| Continuing-generation students | $3,936 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. DMC.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at DMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13131 |
| Total Stafford loan amount | $72,423,506 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 147 |
| Total GI Bill amount | $162,602 |
| Average GI Bill amount per recipient | $1,106 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $1,314 |
| Average DoD amount per recipient | $438 |
References
More about our data sources and methodologies.