$5,407

Avg. Federal Grant

$5,859

Avg. Federal Loan

$56,227,823

Total Aid Awarded

Canisius College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$56.228M

Financial Aid Official Website

https://www.canisius.edu/tuition-aid/scholarships-financial-aid

Students can avail of scholarships provided by the college, such as Academic Scholarship, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Alpha Beta Gamma Scholarship, if they find educational expenses to be on the higher side. As many as 97% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,183,655 in a year. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at https://www.canisius.edu/tuition-aid/scholarships-financial-aid. The total percentage of candidates applying to Canisius College who receive the Federal Grant is 33%. In comparison, 96% of the students are awarded the Student Grant, 95% get the Institution Grant, and 32% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,574, and the same stands at $4,060 for State Grant awardees and $16,039 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,703. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $31,785 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $30,661 and $26,585, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $22,994. And, for those with a family income of more than $110,000, the amount stands at $22,166. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Canisius College, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

47%

Institution Grant Aid

99%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,407

State Grant Aid

$3,542

Institution Grant Aid

$23,501

Pell Grant

$4,604

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,548

$30,001 - $48,000

$32,462

$48,001 - $75,000

$28,684

$75,001 - $110,000

$24,561

Over $110,000

$21,215

Student Loans for Canisius College

Average Loan Amount Average Loan Amount received per year.

$8,496/Year

Students Taking Out Loans

72%

Loan Default Rate

3.2%

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