Scholarships, Grants, and Loan Trends at Dorsey School of Business-Waterford Pontiac

Over the past 8 years (2013-2020), the average number of students who received grants aid/scholarships is 140, which is 94.71 % of all undergraduate students. 133 students which is 91.43% of undergraduate students received federal student loans and the average loan amount is $7,636.
For full-time, first-time beginning students (freshmen), 92.43% of students received grants or scholarships and 91% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Dorsey School of Business-Waterford Pontiac since 2013.
For that period, the average number of students who received grants aid/scholarships is 140, which is 94.71 % of all undergraduate students. 133 students which is 91.43% of undergraduate students received federal student loans and the average loan amount is $7,636.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14199 (91%)$4,599195 (89%)$4,560180 (82%)$6,470
2014-15187 (99%)$4,199185 (98%)$3,921186 (99%)$7,000
2015-16141 (94%)$4,987139 (93%)$4,725130 (87%)$5,958
2016-17155 (97%)$4,852152 (96%)$4,601150 (94%)$8,243
2017-18122 (95%)$5,356118 (92%)$5,382119 (93%)$8,497
2018-19101 (95%)$5,85998 (92%)$5,67596 (91%)$8,893
2019-2072 (92%)$6,09371 (91%)$5,91873 (94%)$8,388
Average140 (94.71%)$5,135137 (93.00%)$4,969133 (91.43%)$7,636

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

For the last 8 years, on average, 40 (92.43 % of students) received grants or scholarships and its average amount is $5,911. It can cover 27.76% of tuition & fees ($21,290).
In addition, 39 (91.00 % of students) students get helped from the students loans (average amount : $9,960).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1450 (89%)$5,37543 (77%)$9,211
2014-1533 (97%)$5,83933 (97%)$9,015
2015-1637 (80%)$5,46038 (83%)$7,063
2016-1770 (96%)$4,67268 (93%)$6,778
2017-1833 (92%)$6,00734 (94%)$13,383
2018-1934 (97%)$6,14534 (97%)$12,010
2019-2025 (96%)$7,87825 (96%)$12,260
Average40 (92.43%)$5,91139 (91.00%)$9,960
*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.
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 39 (90.00 % of students) received Pell (federal) grants and its average amount is $5,738.
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1449 (88%)$5,26824 (43%)$417--1 (2%)$600
2014-1533 (97%)$5,40928 (82%)$400--5 (15%)$600
2015-1637 (80%)$5,3199 (20%)$578----
2016-1769 (95%)$4,22717 (23%)$600--3 (4%)$8,400
2017-1832 (89%)$5,95111 (31%)$600--1 (3%)$1,200
2018-1931 (89%)$6,20313 (37%)$615--12 (34%)$719
2019-2024 (92%)$7,78920 (77%)$301--7 (27%)$572
Average39 (90.00%)$5,73817 (44.71%)$502--5 (14.17%)$2,015
*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..
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 8 years, on average, 39 (91.00 % of students) get any students loan help and its average loan amount is $39.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1443 (77%)$9,21143 (77%)$9,211--
2014-1533 (97%)$9,01533 (97%)$9,015--
2015-1638 (83%)$7,06338 (83%)$7,063--
2016-1768 (93%)$6,77868 (93%)$6,5927 (10%)$1,805
2017-1834 (94%)$13,38332 (89%)$12,84520 (56%)$2,199
2018-1934 (97%)$12,01032 (91%)$10,74715 (43%)$4,295
2019-2025 (96%)$12,26025 (96%)$11,8424 (15%)$2,614
Average39 (91.00%)$9,96039 (89.43%)$9,61612 (31.00%)$2,728
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