by our College Data Analytics TeamMany 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 Detroit Business Institute-Downriver can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will DBI Downriver deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Detroit Business Institute-Downriver.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Detroit Business Institute-Downriver, 67% of first-time, full-time freshmen received some form of financial aid approximately 6 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $9,154 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $6,154 |
| State/local grants | 22% | $1,500 |
| Federal student loans | 67% | $6,516 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At DBI Downriver, about 78% of undergraduates were awarded an average grant or scholarship of $6,779 (across roughly 145 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $6,779 |
| Federal Pell grants | 72% | $5,159 |
| Federal student loans | 78% | $6,764 |
For on-campus title-IV students, average grant aid came to $9,154.
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 | $21,533 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,687 |
| Off-campus title-IV students | $18,367 |
For an estimate tailored to your family circumstances, see DBI Downriver’s net price calculator: www.dbidownriver.com/NetPrice/npcalc.htm.
A typical borrower at DBI Downriver leaves with $13,583 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,583 |
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at DBI Downriver.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,118 |
| 75th percentile | $13,583 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. DBI Downriver.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at DBI Downriver:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1468 |
| Total Stafford loan amount | $9,808,738 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $26,945 |
| Average GI Bill amount per recipient | $13,473 |
References
More about our data sources and methodologies.