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Dorsey College, Saginaw Financial Aid Details

88% Freshmen Get Financial Aid
$6,136 Average Grant & Scholarship
94% Undergrads Get Grant Aid

The majority of students will never be charged 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 Dorsey College, Saginaw can feel tremendous, but do not forget that almost all students receive some sort of financial help.

Just what financing solutions does Dorsey College, Saginaw provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out how much school funding will be available to you.

Understanding Dorsey College, Saginaw Financial Aid Info

The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Dorsey College, Saginaw.

What First Years Receive at Dorsey College, Saginaw

Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.

For freshmen starting at Dorsey College, Saginaw, 88% of the incoming full-time class was awarded financial aid approximately 60 students).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)87%$5,512
Institutional grants & scholarships32%$857
Federal Pell grants79%$5,183
State/local grants15%$2,050
Federal student loans84%$6,953

Grant Aid for Undergraduates at Dorsey College, Saginaw

Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 94% of undergraduates were awarded grant or scholarship aid averaging $6,136 (covering around 187 students).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)94%$6,136
Federal Pell grants85%$5,071
Federal student loans90%$6,933

For on-campus title-IV students, average grant aid came to $5,492.

Net Price by Family Income at Dorsey College, Saginaw

Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.

Family IncomeAverage Net Price
$0 – $48,000$23,242

Remember these are net prices — what families pay after gift aid, not before.

What a Degree Really Costs at Dorsey College, Saginaw

The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.

CohortAverage Net Price
On-campus title-IV students$31,424
Off-campus title-IV students$23,242

For a personalized estimate based on your family’s financial situation, use Dorsey College, Saginaw’s net price tool: solutions.campusivy.com/Apps/NPC/NPCWizard?institutionId=11800.

Median Student Debt for Graduates of Dorsey College, Saginaw

The median student at Dorsey College, Saginaw graduates with $9,500 of federal student loans.

MetricAmount
Median federal debt (all student-aid borrowers)$9,500
Median federal debt (graduates only)$13,000
Typical 10-year monthly payment (graduates)$137.82/mo

Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.

Debt Spread by Percentile

The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Dorsey College, Saginaw.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$2,626
25th percentile$4,436
75th percentile$13,000
90th percentile (highest-debt students)$13,969

Debt by Student Cohort at Dorsey College, Saginaw

The figures below break down median federal debt by income tier, first-generation status, and dependency.

By Family Income

Income tierMedian federal debt
Low income$9,500
Middle income$10,579
High income$8,917

First-Generation Comparison

CohortMedian federal debt
First-generation students$9,500
Continuing-generation students$9,500

Dependent vs Independent Students

CohortMedian federal debt
Dependent students$7,667
Independent students$10,458

Summary Debt Indicators

The Department of Education computes summary indicators that describe debt outcomes at a glance. Dorsey College, Saginaw.

Federal Stafford Lending at Dorsey College, Saginaw

Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Dorsey College, Saginaw:

MetricValue
Stafford loan recipients26980
Total Stafford loan amount$263,666,284

Veterans Benefits at Dorsey College, Saginaw

Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.

GI Bill volume

MetricValue
GI Bill recipients5
Total GI Bill amount$83,292
Average GI Bill amount per recipient$16,658

References

More about our data sources and methodologies.

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