by our College Data Analytics TeamA lot 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 price tag of going to Dorsey College, Wayne can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Dorsey College, Wayne provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Dorsey College, Wayne.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Dorsey College, Wayne, 83% of new full-time first-years were awarded at least some aid approximately 38 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $4,845 |
| Institutional grants & scholarships | 17% | $859 |
| Federal Pell grants | 76% | $4,681 |
| State/local grants | 2% | $1,500 |
| Federal student loans | 67% | $6,521 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 92% of undergraduates were awarded an average grant or scholarship of $5,050 (across roughly 186 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,050 |
| Federal Pell grants | 83% | $4,741 |
| Federal student loans | 90% | $6,725 |
For on-campus title-IV students, average grant aid came to $4,833.
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 | $24,752 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $31,930 |
| Off-campus title-IV students | $24,752 |
For an estimate tailored to your family circumstances, see Dorsey College, Wayne’s NPC: solutions.campusivy.com/Apps/NPC/NPCWizard?institutionId=11800.
Graduating students at Dorsey College, Wayne carry a median federal student debt of $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Dorsey College, Wayne.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,626 |
| 25th percentile | $4,436 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,969 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,579 |
| High income | $8,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $10,458 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Dorsey College, Wayne.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Dorsey College, Wayne:
| Metric | Value |
|---|---|
| Stafford loan recipients | 26980 |
| Total Stafford loan amount | $263,666,284 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $83,292 |
| Average GI Bill amount per recipient | $16,658 |
References
More about our data sources and methodologies.