How Detroit Business Institute-Downriver's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Detroit Business Institute-Downriver since 2013.

For that period, the average number of students who received grants aid/scholarships is 94, which is 82.89 % of all undergraduate students. 93 students which is 82.78% of undergraduate students received federal student loans and the average loan amount is $6,427.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	102 (76%)	$5,448	96 (72%)	$3,115	114 (85%)	$4,705
2014-15	111 (87%)	$5,655	93 (73%)	$3,452	119 (94%)	$5,228
2015-16	84 (78%)	$5,284	75 (69%)	$3,192	86 (80%)	$5,268
2016-17	70 (72%)	$6,538	57 (59%)	$3,888	65 (67%)	$6,000
2017-18	83 (84%)	$6,029	72 (73%)	$3,474	88 (89%)	$5,387
2018-19	69 (81%)	$5,935	64 (75%)	$3,807	73 (86%)	$5,941
2019-20	80 (84%)	$6,037	68 (72%)	$3,385	75 (79%)	$7,349
2020-21	115 (91%)	$7,284	102 (80%)	$5,091	94 (74%)	$10,088
2021-22	129 (93%)	$7,410	113 (82%)	$4,522	125 (91%)	$7,878
Average	94 (82.89%)	$6,180	82 (72.78%)	$3,770	93 (82.78%)	$6,427

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 5 (76.67 % of students) received grants or scholarships and its average amount is $6,895. It can cover 23.00% of tuition & fees ($29,970).

In addition, 6 (78.33 % of students) students get helped from the students loans (average amount : $6,838).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	8 (73%)	$6,333	8 (73%)	$2,663
2014-15	9 (90%)	$6,741	10 (100%)	$2,973
2015-16	4 (80%)	$7,511	4 (80%)	$3,650
2016-17	-	-	-	-
2017-18	-	-	-	-
2018-19	-	-	-	-
2019-20	2 (67%)	$3,256	2 (67%)	$13,750
2020-21	2 (50%)	$9,145	2 (50%)	$9,402
2021-22	7 (100%)	$8,381	7 (100%)	$8,589
Average	5 (76.67%)	$6,895	6 (78.33%)	$6,838

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 5 (66.17 % of students) received Pell (federal) grants and its average amount is $4,377.

In addition, 3 students received State/local government grants/scholarships (43.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	8 (73%)	$3,541	8 (73%)	$2,792	-	-	-	-
2014-15	9 (90%)	$3,778	9 (90%)	$2,963	-	-	-	-
2015-16	4 (80%)	$3,844	4 (80%)	$3,667	-	-	-	-
2016-17	-	-	-	-	-	-	-	-
2017-18	-	-	-	-	-	-	-	-
2018-19	-	-	-	-	-	-	-	-
2019-20	1 (33%)	$3,097	2 (67%)	$1,708	-	-	-	-
2020-21	2 (50%)	$6,345	2 (50%)	$2,800	-	-	-	-
2021-22	5 (71%)	$5,656	7 (100%)	$3,714	3 (43%)	$1,463	-	-
Average	5 (66.17%)	$4,377	5 (76.67%)	$2,941	3 (43.00%)	$1,463	-	-

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 6 (78.33 % of students) get any students loan help and its average loan amount is $6.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	8 (73%)	$2,663	8 (73%)	$2,663	-	-
2014-15	10 (100%)	$2,973	10 (100%)	$2,973	-	-
2015-16	4 (80%)	$3,650	4 (80%)	$3,650	-	-
2016-17	-	-	-	-	-	-
2017-18	-	-	-	-	-	-
2018-19	-	-	-	-	-	-
2019-20	2 (67%)	$13,750	2 (67%)	$7,500	1 (33%)	$12,500
2020-21	2 (50%)	$9,402	2 (50%)	$9,402	-	-
2021-22	7 (100%)	$8,589	7 (100%)	$8,589	-	-
Average	6 (78.33%)	$6,838	6 (78.33%)	$5,796	1 (33.00%)	$12,500

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Scholarships, Grants, and Loan Trends at Detroit Business Institute-Downriver

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time