Financial Aid Information
Financial Aid Consumer Information
Based on a combination of approvals, authorization, and accreditation, our students are eligible to apply for and receive tuition aid and financial assistant while attending the college. A list of these programs include: Federal PELL Grant: Does not require repayment (FPELL)***
General Financial Aid Information
If you wish to apply for financial aid or you have questions, or you need sections of the handbook clarified, contact the financial aid office at the school. Additional information regarding the student aid programs available at DBC financial aid department may be found in student guide “Funding your Education” or Internet: www.student aid.ed.gov published by the U.S. Department of Education. Additional information may be obtained by calling the Federal Student Aid Information Center between 9:00 a.m. and 5:00 p.m. Monday through Friday at 1 (800) 433-3243.
The federal Privacy ACT of 1974 requires that students be notified that the disclosure of his/her social security number is mandatory. The social security number is used to verify students’ identities to process the awarding of funds, the collection of funds, and the tracing of individuals who have borrowed funds from federal, state or private programs.
Financial Aid Mechanisms
Financial aid is a mechanism that reduces out-of-pocket costs that the student and/or parents must pay to obtain a specific postsecondary education. President differently, financial aid is money made available to help students meet the cost of school’s attendance. Financial aid includes grants and loans. Grants do not have to be prepaid. Financial aid is awarded to students who have “need”. Need id the difference between the amounts of money that the family will be expected to contribute to meet student cots and the cost of education at this school.
The first step in applying for Title IV Federal Financial Aid is to completed the Free Application for Federal Student Aid(FAFSA)at www.fafsa.ed.gov
USDE Title IV Students Aid Program
The college is approved for, and does participate in the following USDE Title IV programs intended to defray the costs of attending for those students eligible for financial aid considerations
Pell Grant (FPELL)
Federal PELL Grant Program (FPELL) $5,550 maximum annual limit (Does not require repayment)
For more specific information on each program please refer to the student guides available at Student Guide web site http://studentaid.ed.gov/students/publications/student_guide/index.html
*College does not offering student loan at this time.
Determining the Amount of Financial Aid
Upon completion of the FAFSA, the student is given an Expected Family Contribution (EFC) number. The EFC is used determining how much and what kind of financial aid a student is eligible for. In addition to the EFC, the direct and indirect costs of the program, enrollment status, length of enrollment, and funds available at the DBC will also impact award amounts. The Financial aid office will provide more detail information during the counseling
Student Eligibility Requirements
To be eligible for financial aid, a student must:
- Be admitted as a regular student:
- Be enrolled or accepted for enrollment in an eligible program on at least a half time basis
- Be a citizen or an eligible non-citizen
- Not owe a refund on a FPELL grant or FSEOG at any school
- Not be in default on a Perkins Loan or Stafford Loan/SLS/PLUS/Direct Loan at any school
- Have financial need
- Be making a satisfactory progress (as defined by the school’s policy) in the course of study
- Be registered for selective service (if male born on or after January 1, 1960)
- Have a High School diploma, (or its equivalent) a GED
- Agree to use any federal student aid received solely for education purposes.