Scholarships, Grants, and Loan Trends at Dorsey Business Schools-Farmington Hills

Over the past 5 years (2013-2017), the average number of students who received grants aid/scholarships is 57, which is 83.50 % of all undergraduate students. 55 students which is 84.75% of undergraduate students received federal student loans and the average loan amount is $5,586.

For full-time, first-time beginning students (freshmen), 86.50% of students received grants or scholarships and 90% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Dorsey Business Schools-Farmington Hills since 2013.

For that period, the average number of students who received grants aid/scholarships is 57, which is 83.50 % of all undergraduate students. 55 students which is 84.75% of undergraduate students received federal student loans and the average loan amount is $5,586.

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	86 (88%)	$4,069	82 (84%)	$4,132	86 (88%)	$5,317
2014-15	61 (80%)	$4,914	56 (74%)	$5,039	56 (74%)	$8,078
2015-16	70 (81%)	$4,283	70 (81%)	$4,227	66 (77%)	$5,865
2016-17	11 (85%)	$2,691	11 (85%)	$2,691	13 (100%)	$3,085
Average	57 (83.50%)	$3,989	55 (81.00%)	$4,022	55 (84.75%)	$5,586

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

Overview

For the last 5 years, on average, 15 (86.50 % of students) received grants or scholarships and its average amount is $4,571. It can cover 22.33% of tuition & fees ($20,472).

In addition, 15 (89.75 % of students) students get helped from the students loans (average amount : $7,103).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	16 (94%)	$5,323	17 (100%)	$6,971
2014-15	23 (88%)	$4,212	19 (73%)	$8,755
2015-16	17 (81%)	$5,842	18 (86%)	$8,666
2016-17	5 (83%)	$2,908	6 (100%)	$4,021
Average	15 (86.50%)	$4,571	15 (89.75%)	$7,103

^*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 5 years, on average, 14 (80.75 % of students) received Pell (federal) grants and its average amount is $4,816.

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	16 (94%)	$5,098	9 (53%)	$400	-	-	-	-
2014-15	17 (65%)	$5,557	6 (23%)	$400	-	-	-	-
2015-16	17 (81%)	$5,701	4 (19%)	$600	-	-	-	-
2016-17	5 (83%)	$2,908	-	-	-	-	-	-
Average	14 (80.75%)	$4,816	6 (31.67%)	$467	-	-	-	-

^*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 5 years, on average, 15 (89.75 % of students) get any students loan help and its average loan amount is $15.

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	17 (100%)	$6,971	17 (100%)	$6,971	-	-
2014-15	19 (73%)	$8,755	19 (73%)	$8,755	-	-
2015-16	18 (86%)	$8,666	18 (86%)	$8,666	-	-
2016-17	6 (100%)	$4,021	6 (100%)	$3,770	1 (17%)	$1,504
Average	15 (89.75%)	$7,103	15 (89.75%)	$7,041	1 (17.00%)	$1,504

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