by our College Data Analytics TeamMany 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 cost of going to Diversified Vocational College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Diversified Vocational College offer you, and what will you qualify for? Read on for more information. Keep going to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Diversified Vocational College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Diversified Vocational College, 100% of first-time, full-time freshmen received some form of financial aid around 372 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $5,509 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 97% | $5,435 |
| State/local grants | 0% | — |
| Federal student loans | 50% | $5,043 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Diversified Vocational College, some 79% of the undergraduate population received grant aid that averaged $5,509 (across roughly 361 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $5,509 |
| Federal Pell grants | 79% | $5,435 |
| Federal student loans | 41% | $5,043 |
For students living on campus and receiving title-IV aid, grants averaged $5,511.
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 | $21,444 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $21,711 |
| Off-campus title-IV students | $21,444 |
For an estimate tailored to your family circumstances, see Diversified Vocational College’s online cost calculator: www.dvcla.edu/calculator2019/.
The middle student in the debt distribution at Diversified Vocational College owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. These percentiles trace how cumulative federal debt is spread among borrowers at Diversified Vocational College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $3,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Diversified Vocational College.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Diversified Vocational College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1671 |
| Total Stafford loan amount | $12,175,962 |
References
More about our data sources and methodologies.