4 There are four main types of financial aid available: scholarships, grants, loans, and work-study programs. Financial aid packages generally include a blend of these aid types and are awarded based on merit and/or need. Scholarships Scholarships do not need to be repaid. They are based on student achievements or characteristics, including academic, athletic, and/or financial need. Grants Unlike loans, most types of grants are sources of money that generally do not have to be repaid. Loans Loans must be repaid; however, the interest is typically low and repayment generally begins after graduation. Work-Study Programs These are jobs on campus to help pay for college, with eligibility based on need and job availability. DBU employs over 800 student workers every semester. A Wise Investment College is one of the best investments you can make. The average rate of return on a bachelor’s degree is 16%.1 College graduates typically earn 67% more than high school graduates.2 1. The Hamilton Project (www.hamiltonproject.org/charts/return_on_investment_to_a_bachelors_degree) 2. College Board (trends.collegeboard.org/sites/default/files/education-pays2016-full-report.pdf) Source: CCCU (Council of Christian Colleges & Universities) Mean starting salary for college students six months after graduation Percent of college students finding jobs six months after graduation private, nonprofit 4-year While DBU is one of the more affordable private universities, financial aid can help lower your college costs even further. Financial aid can help pay costs such as tuition and fees, books and supplies, and room and board. Financial Aid
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