$5,136

Avg. Federal Grant

$5,105

Avg. Federal Loan

$18,789,412

Total Aid Awarded

Nyack College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$18.789M

Financial Aid Official Website

www.nyack.edu/sfs

Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Alumni Dependent Grant, and Atlantic Region Grant, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at NC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,382,933 in a year. At NC, the total percentage of applicants who receive the Federal Grant stands at 57%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,321, and the same stands at $4,345 for State Grant awardees and $14,223 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,512. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 64% of the applicants to Nyack College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

37%

Institution Grant Aid

99%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,136

State Grant Aid

$5,104

Institution Grant Aid

$13,831

Pell Grant

$4,990

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,326

$30,001 - $48,000

$21,567

$48,001 - $75,000

$15,767

$75,001 - $110,000

$16,880

Over $110,000

$16,505

Student Loans for Nyack College

Average Loan Amount Average Loan Amount received per year.

$5,829/Year

Students Taking Out Loans

71%

Loan Default Rate

12.1%

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