Understanding Dorsey College Tuition Costs and Financial Aid Options

Choosing a college is a significant decision, and understanding the financial implications is crucial. This article breaks down the tuition costs at Dorsey College, available financial aid options, and other factors influencing the overall cost of education.

The Real Cost: Sticker Price vs. Net Price

When researching college costs, you'll often encounter the "sticker price," which represents the advertised cost of attendance. However, the amount a student actually pays, known as the "net price," can be significantly lower due to financial aid. At Dorsey College, projections indicate a substantial difference. For example, the projected sticker price is $78,053, while the projected average net price is $36,865. This represents a difference of $41,187, highlighting the importance of understanding financial aid.

Historical Tuition Trends

Looking at historical data provides valuable insights into how tuition costs have changed over time. Here's a breakdown of the net in-state price and in-state sticker price at Dorsey College over the past several years:

Year	Net In-State Price	In-State Sticker Price
25-26	$36,865	$78,053
24-25	$34,453	$72,945
23-24	$32,199	$68,172
22-23	$22,059	$46,704
21-22	$38,134	$46,809
20-21	$37,085	$46,290
19-20	$26,290	$37,714
18-19	$27,190	$35,901
17-18	$25,005	$35,601
16-17	$26,852	$35,001
15-16	$25,202	$34,185
14-15	$26,358	$34,782
13-14	$25,062	$32,382

Net Price Variation Based on Income

A student's family household income significantly impacts how much they actually pay for college. At Dorsey College, students with different income brackets can expect to pay different net prices. Projections suggest that for the 25-26 school year, students with incomes below $30K will pay around $36,787, while those with incomes between $30K and $48K will pay around $47,394.

Income Bracket	Projected Net Price
<$30K	$36,787
$30K-$48K	$47,394
$48K-$75K	No data
$75K-$110K	No data
>$110K	No data

Financial Aid and Tuition Assistance

Dorsey College offers various financial aid programs to assist students with tuition and related expenses. These programs typically consist of a combination of grants and loans, supplementing the student's (and possibly the parent's) contribution towards the Cost of Attendance.

Accessing Financial Aid Information

Information about Financial Aid programs available at Dorsey College can be found on the Student Consumer Information page or by visiting the Financial Aid Office at one of the campus locations. Each campus has a dedicated financial aid office staffed with advisors who can provide information on tuition assistance, eligibility requirements, and guide applicants through the application process.

Grants vs. Scholarships

Along with scholarships, grants are the best form of financial aid. The main difference is that scholarships typically look at academic merit or other specific criteria as well as financial need, whereas most grants are almost exclusively awarded because of financial need. There are federal, state, private and institutional grant programs.

Federal Grant Programs

Federal Pell Grant: This grant is gift assistance which generally does not have to be repaid. The Department of Education determines student eligibility for this grant based on established standards. For the 2024‐25 award year, the maximum grant is $7,395.
Federal Supplemental Educational Opportunity Grant (FSEOG): This grant is awarded to students with the lowest "Expected Family Contribution" (EFC) before students with higher EFCs, as determined by the Department of Education. The average award amount varies from school to school. FSEOG is awarded until the funds are depleted, and the school cannot guarantee every eligible student will receive an award.

Federal Work Study

The Federal Work Study program is an award made by the school (Campus-Based Aid) from limited funds provided by the federal government. The award is given to eligible students that are employed under the Federal Work Study program by the school in which the student is enrolled (on campus). Federal Work Study recipients may also be employed off campus by federal, state, or local public agencies, or certain private nonprofit or for-profit organizations. Not all Dorsey College campus locations may offer the Federal Work Study program, see your campus financial aid office for more information.

Additional Funding Options

Michigan Rehabilitation Services (MRS): This state agency provides vocational rehabilitation services to Michigan citizens that are physically or mentally impaired. MRS may arrange, provide, or purchase the services necessary to achieve an individual’s employment plan.
Student Scholarships and Grants Division: Students who have or are serving in the military should contact the Student Scholarships and Grants Division at 1-888-4-GRANTS (1-888-447-2687), for information on claiming this award.
Workforce Development Board: Contact a Dorsey College location for directions to your local Workforce Development Board office.
United Auto Workers (UAW) Tuition Assistance Plan: Dorsey College is nationally accredited and approved to participate in tuition assistance and scholarship programs provided by UAW-Chrysler, UAW-Ford and UAW-GM for employees, retirees, and their eligible dependent children. Contact your local union to determine your eligibility.
Veterans Benefits (VA): Dorsey College has training programs that have been approved to accept Veteran Education Benefits and will work with the Department of Veteran’s Affairs to process benefits for students. Eligibility is determined by the Department of Veteran’s Affairs
Select Dorsey College programs are approved for training under the Post 9/11 GI Bill®, the Montgomery GI Bill® (MGIB), and the Veteran Readiness and Employment (VR&E) program at the following campuses: Dearborn, Grand Rapids, Madison Heights, Roseville, Saginaw, Wayne, and Woodhaven. The Financial Aid Department will assist students by processing eligible awards used to fund their educational costs.

Tuition Reimbursement

Dorsey College will accommodate any student eligible for employer or employee-related benefits to secure such benefits by completing required forms and submitting required performance reports or other documentation. The student is responsible, however, for all tuition charges incurred with training in the event reimbursement requests are not honored as expected.

Student Loans: An Overview

Student loans are a type of financial aid involving borrowed funds that must be repaid with interest. While grants and scholarships are preferable, many students rely on loans to cover educational expenses.

Understanding Loan Terms

Education loans from different sources have varying terms, including interest rates, repayment plans, fees, and credit requirements. Federal Direct Subsidized/Unsubsidized loans generally have lower interest rates and no credit or cosigner requirements. Federal Direct PLUS loans (for parents) require a credit check and typically have a higher interest rate.

Borrowing Responsibly

Borrowing conservatively means borrowing only the amount of money you need. Remember that you have to repay all student loans.

Federal Loan Programs

Federal Direct Subsidized Loans: The maximum annual loan amount for the first academic year is $3,500 for undergraduate students less origination and other fees (if applicable). For loans first disbursed after July 1st 2012, interest does not accrue until the student enters their grace period after leaving school or dropping below a half-time enrollment status. Subsidized Federal Stafford loans provide many flexible repayment plans as outlined in the loan counseling materials.
Federal Direct Unsubsidized Loans: The federal government does not pay the interest on unsubsidized loans while you are in school. Student loan borrowers are responsible for all interest that accrues on the loan while enrolled, during your grace period, and any deferment periods. Students may elect to make interest payments while in school to avoid the capitalization of interest and lower the overall repayment debt. Loan repayment begins six months after leaving school or if you elect to attend less than half the time. Independent students can borrow up to $9,500 (Subsidized and Unsubsidized combined) for the first academic year. Dependent students can borrow up to $5,500 (Subsidized and Unsubsidized combined) for the first academic year.
Direct PLUS Federal Loan (For Parents): The Federal PLUS loan is available to parents who wish to apply for additional assistance for their dependent child’s education. A parent’s decision not to apply for a PLUS loan does not guarantee the dependent student may receive additional financial aid assistance. The amount of the PLUS Loan cannot exceed the student’s cost of attendance less other student aid awarded. The interest begins to accumulate on the date of the first disbursement. Loan repayment begins 60 days after the final loan disbursement; however parents may apply for a deferment. Payments will include both principal and the interest that accumulates.

Interest Rates for Federal Loans

Effective July 1, 2013, interest rates are established each year for Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans for which the first disbursement is on or after July 1 through the following June 30. The rate will be the sum of a uniform “index rate” plus an “add-on” that varies, depending on the type of loan (Subsidized/Unsubsidized or PLUS) and the borrower’s grade level (undergraduate or graduate/professional). Thus, interest rates will be the same for Direct Subsidized Loans and Direct Unsubsidized Loans taken out by an undergraduate student. The interest rate for a loan, once established, will apply for the life of the loan - that is, the loan will be a fixed-rate loan. For Subsidized and Unsubsidized loans first disbursed on or after July 1, 2024, and before July 1, 2025, the interest rate is 6.53%. PLUS loans through the Federal Direct Loan Program disbursed on or after July 1, 2024, and before July 1, 2025, will have a fixed rate of 9.08%.

Private Educational Loans

Students have a variety of options if they choose to apply for private loans. Dorsey College does not use a preferred lender list, we provide students with a list of private education loan lenders that have offered private loans to our students over the past four years. Students should select a private lender of their choice - they are not required to use any of the lenders we have listed. Dorsey College will promptly process the application for any lender that is selected by students.

Students and parents should first apply for Federal Student Aid before resorting to private educational loans.

Dorsey College Institutional Loan

Dorsey College offers a private institutional loan to eligible students that have a gap in their Federal Student Aid and the amount of their institutional tuition and fees.

Additional Costs and Considerations

Beyond tuition, students should consider other expenses such as room and board, books and supplies, personal expenses, and transportation.

Room and Board

The average yearly cost of room and board at Dorsey College-Roseville was $9,756.

Other Student Expenses at Dorsey College-Roseville

In 2023, the median undergraduate tuition at Dorsey College-Roseville is $29,760, which is $15,948 more than the national average for ($13,813). After taking grants and loans into account, the average net price for students is $23,713.

Dorsey College-Roseville: Key Statistics

Understanding various statistics related to Dorsey College-Roseville can help prospective students make informed decisions.

Tuition and Net Price

Undergraduate Tuition (2023): $29,760
Average Net Price (2023): $23,713 (after financial aid)

Financial Aid

Undergraduates Receiving Financial Aid through Grants (2023): 71%
Undergraduates Receiving Financial Aid through Loans (2023): 62%

Enrollment and Demographics

Total Enrollment (2023): 443 students
Full-Time Enrollment: 443 students (100% of students)
Most Common Race/Ethnicity: Black or African American (85.1% of the student population)
Student Gender: Most commonly Black or African American Female (74.8%)

Graduation and Retention

Overall Graduation Rate: 48% of students earned their associate’s degree within four years of enrolling.
Retention Rate: The retention rate for full-time undergraduates at Dorsey College-Roseville was 38%.
Graduation Rate: The student demographic with the highest graduation rate in 2023 at Dorsey College-Roseville is Female and White (75% graduation rate).

Outcomes

2022 Default Rate: 0% on student loans, corresponding to 0 out of the 2,003 total borrowers.

Programs and Degrees

In 2023, 282 degrees were awarded across all undergraduate and graduate programs at Dorsey College-Roseville. 84.8% of these degrees were awarded to women, and 15.2% awarded men. The most common race/ethnicity group of degree recipients was black or african american (227 degrees), 9.08 times more than then the next closest race/ethnicity group, white (25 degrees).

The most specialized majors across all degree types at Dorsey College-Roseville, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (94 degrees awarded), Mechanical Technologies (28 degrees), and Health (160 degrees).

Faculty and Staff

Dorsey College-Roseville employs 18 Instructors.

Graduation Rates and Demographics

A school’s graduation rate can indicate how likely a student is to complete their degree. At Dorsey College, over the last five years 48% of students earned their associate’s degree within four years of enrolling.

Students from different demographic backgrounds often graduate at different rates, so it can be helpful to look beyond the overall graduation rate. Here's how students of different races and ethnicities fare earning their degrees at Dorsey College.

Demographic Category	Graduation Rate at Dorsey College	National Average
American Indian/Alaska Native		24%
Asian	50%	38%
Black	44%	26%
Hispanic	100%	34%
Native Hawaiian/Pacific Islander		21%
White	75%	41%
Multiple Races	42%	29%
Unknown Race	100%	29%

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