by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does Drake State offer, and what will you qualify for? Keep scrolling for answers.
Unable to Report on First Year Student Financial Aid
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at J. F. Drake State Community and Technical College.
As well as scholarships, 85% of freshmen (63 total) obtained a federal grant, for about $5,902.00 a piece.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
85% of first-year students at J. F. Drake State Community and Technical College (63 total) obtained a federal grant, averaging $5,902.00.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 72.97% | $6,631.00 |
| Income 30k-48k | 9.46% | $3,849.00 |
| Income 48k-75k | 1.35% | $3,990.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
69 Drake State undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $5,880.00.The majority of which come in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.