by our College Data Analytics TeamMost students will not be asked to pay 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 price tag of going to Des Moines Area Community College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can DMACC provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Des Moines Area Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Des Moines Area Community College, 69% of the incoming full-time class was awarded financial aid roughly 1178 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,442 |
| Institutional grants & scholarships | 19% | $1,583 |
| Federal Pell grants | 42% | $5,414 |
| State/local grants | 22% | $2,661 |
| Federal student loans | 26% | $4,720 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At DMACC, approximately 22% of the undergraduate population received grant aid that averaged $4,524 (for some 5393 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 22% | $4,524 |
| Federal Pell grants | 16% | $4,261 |
| Federal student loans | 11% | $5,355 |
Title-IV recipients living on campus saw average grant aid of $5,033.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,304 |
| $30,001 – $75,000 | $10,140 |
| Over $75,000 | $13,977 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $11,171 |
| Off-campus title-IV students | $11,050 |
To project your own net price, use DMACC’s official net price calculator: www.dmacc.edu/financial-aid/npcalc/.
Graduating students at DMACC carry a median federal student debt of $6,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at DMACC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $11,500 |
| 90th percentile (highest-debt students) | $21,094 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
| Middle income | $6,361 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,441 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,875 |
A handful of calculated indicators summarize the debt outlook at DMACC.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at DMACC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 53514 |
| Total Stafford loan amount | $600,818,722 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 155 |
| Total GI Bill amount | $478,183 |
| Average GI Bill amount per recipient | $3,085 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 54 |
| Total DoD amount | $110,562 |
| Average DoD amount per recipient | $2,047 |
References
More about our data sources and methodologies.