$4,903

Avg. Federal Grant

$4,156

Avg. Federal Loan

$78,182,613

Total Aid Awarded

New York City College of Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$78.183M

Financial Aid Official Website

www.citytech.cuny.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Benjamin Namm Distinguished Scholars Scholarship, and Benjamin Namm Memorial Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 85% of students at CNYCCT receive some kind of financial aid, while the total amount of assistance/loans provided is $6,423,694. One can visit CNYCCT's financial aid page at http://www.citytech.cuny.edu/financial-aid/ for more information. Notably, a total of 71% of the applicants to CUNY New York City College of Technology receive the Federal Grant every year. Meanwhile, 83% of the applicants receive the Student Grant, while 71% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,654. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At CNYCCT, an estimated number of 3% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

76%

Institution Grant Aid

N/A

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$4,903

State Grant Aid

$4,465

Institution Grant Aid

N/A

Pell Grant

$4,848

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,382

$30,001 - $48,000

$8,122

$48,001 - $75,000

$4,620

$75,001 - $110,000

$1,876

Over $110,000

$204

Student Loans for New York City College of Technology

Average Loan Amount Average Loan Amount received per year.

$4,484/Year

Students Taking Out Loans

4%

Loan Default Rate

6.9%

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