Canisius College Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$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%.