Notably, 87% of the students at DeVry College of New York get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,055,257. The total percentage of candidates applying to DeVry College of New York who receive the Federal Grant is 62%. In comparison, 87% of the students are awarded the Student Grant, 64% get the Institution Grant, and 62% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,560, while the same comes to $2,450 for State Grant receivers and $1,786 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,122. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At DCNY, an estimated number of 64% of the applicants choose to go for student loans.