$5,495

Avg. Federal Grant

$6,317

Avg. Federal Loan

$12,582,046

Total Aid Awarded

Concordia College New York Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

37%

Institution Grant Aid

85%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,495

State Grant Aid

$3,206

Institution Grant Aid

$19,303

Pell Grant

$5,029

Once you take a look at the numbers of students receiving financial aid, you’ll come to understand how accessible the financial aid offered by Concordia College can be. Students are open to three different types of grants: federal, state and institutional. We can say that 66% of the students receive financial aid, with the average federal loan standing at US$6,317.

  • Federal Grants: Almost 38% of students receive an average of US$5,495 in the form of Federal Grants. 38% of grant recipients receive the Pell Grant at an average of US$5,029.

  • State Grants: Almost 37% of students receive an average of US$3,206 in the form of State Grants.

  • Institutional Grants: Almost 85% of students receive an average of US$19,303 in the form of Institutional Grants.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,577

$30,001 - $48,000

$19,619

$48,001 - $75,000

$25,149

$75,001 - $110,000

$18,297

Over $110,000

$19,094

In relation to the student’s familial financial income, they are allotted a certain amount of financial aid. Students with an average family income within the ranges of US$0 - 30,000 will turn in about US$21,950 worth of financial aid. The groups with family income less than US$75,000 will be receiving financial aid of either US$19,619 or US$25,149 (depending on the median income). When it comes to families who rack in more than US$75,000, they may receive financial aid amounting to US$18,297 or US$19,094.

Student Loans for Concordia College New York

Average Loan Amount Average Loan Amount received per year.

$6,819/Year

Students Taking Out Loans

50%

Loan Default Rate

8.2%

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