Concordia College New York Financial Aid and Scholarships
Students Receiving Aid
66%
Total Aid Amount
$12.582M
Financial Aid Official Website
www.concordia-ny.edu/admission/undergraduate-admission/tuition-and-aid
Among them are scholarship programs such as Academic Scholarship, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Alumni Grant. As many as 85% of the students at CCNY get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,707,353 in a year. One can visit CCNY's financial aid page at http://www.concordia-ny.edu/admission/undergraduate-admission/tuition-and-aid for more information. The total percentage of candidates applying to Concordia College-New York who receive the Federal Grant is 50%. In comparison, 83% of the students are awarded the Student Grant, 59% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,081, and the same stands at $3,257 for State Grant awardees and $19,176 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,132. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,841 per year. The average aid amount stands at $25,281 for an annual family income between $30,001 and $48,000. This amount comes to $23,273 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $21,754. And, for those with a family income of more than $110,000, the amount stands at $20,582. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Concordia College-New York, the percentage of candidates who opt to avail of student loans is around 41%.
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