by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Interested in understanding the financial aid resources available at Richard J Daley College and your eligibility? Find the answers you seek below.
$5,371.00 is the typical City Colleges of Chicago - Richard J Daley College’s first year financial aid package. 72% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from City Colleges of Chicago - Richard J Daley College you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
17% of new students (88 total) were offered scholarships at City Colleges of Chicago - Richard J Daley College, averaging $3,107.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 61% of freshmen (317 total) received a federal grant, for about $4,580.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 37.64% | $6,043.00 |
| Income 30k-48k | 14.48% | $5,056.00 |
| Income 48k-75k | 7.92% | $4,420.00 |
| Income 75k-110k | 1.35% | $2,939.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
368 Richard J Daley College undergrads obtain grant aid (this is about 72% of the entire undergraduate student population). The average amount these students receive is $5,371.00.The majority of which come in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.