OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Pace University Financial Aid and Scholarships 2022

Pace University is a private not-for-profit institution that has 3 campuses in Westchester and New York. Their main campus (New York City Campus) is located in One Pace Plaza, New York, NY 10038. Its six schools and colleges—the College of Health Professions, Dyson College of Arts and Sciences, Elisabeth Haub School of Law, Lubin School of Business, School of Education, and Seidenberg School of Computer Science an

$5,425

Avg. Federal Grant

$5,690

Avg. Federal Loan

$200,894,874

Total Aid Awarded

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Pace University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$200.895M

Financial Aid Official Website

www.pace.edu/financial-aid

The Financial aid mission is to provide the maximum financial aid available to qualified students to help make their attendance at Pace University a reality.

The Pace University(PU), New York City, New York, administers a wide range of scholarship and financial aid programs designed to enable the student to pursue his/her studies to graduation. There are four types of financial aid available at Pace:

Scholarships
Grants
On-campus employment
Loans

Their financial aid administrators will develop a financial aid award package that meets the applicant’s specific needs. Their package may combine two or more types of aid as well as alternative financing opportunities.

They help students and families with their college expenses by awarding merit, and need-based aid in the form of Pace funded scholarships, grants, and awards. Academic scholarships and grants are gift funds and do not need to be repaid. In addition to these Institutional resources, grants and scholarships are available through the state and the federal government. Financial Aid in the form of loans, which must be repaid, is available through the federal government and private lenders.

In order to be considered for maximum funding, students should file the Free Application for Federal Student Aid (FAFSA), which is available at www.fafsa.ed.gov. In order for Pace to receive the results from the FAFSA, students must list Pace University as one of the colleges of choice. The estimated total aid amount sums up to $200,895,000 and the percentage of students receiving these aids is around 87%.

Pace University’s FAFSA codes are:

New York City campus: 002791
Pleasantville campus: 002792
White Plains: 002727

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

19%

Institution Grant Aid

96%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,425

State Grant Aid

$4,131

Institution Grant Aid

$27,044

Pell Grant

$4,959

Pace University offers various types of financial aids, a rough estimate of all the amounts offered to students in the form of aid can be approximately calculated to about $200,895,000, with close to 87% of students receiving the aid they have applied to.

Federal Grant average aid is $5,425, with the percentage of students receiving it standing at 32%.
Pell Grant average aid is $4,959 and the percentage of students receiving it is 32%.
19% of students receive State Grants that contain an average aid of $4,131.
Institution Grant average aid worth an average of $27,044 is received by 96% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,668

$30,001 - $48,000

$35,995

$48,001 - $75,000

$32,229

$75,001 - $110,000

$29,055

Over $110,000

$27,132

The basis of selection for most financial aids is eligibility and/or financial need. The financial need determines an applicant’s eligibility for many types of aid.

Financial need is the difference between the Cost of Attendance at a university or college and the Expected Family Contribution (EFC) as calculated according to the federal Need Analysis Formula. The Cost of Attendance includes estimates for tuition, fees, room, board (meals), transportation, books, and personal expenses.

After filing FAFSA applicants will receive an Electronic Student Aid Report (E-SAR) from the Federal Department of Education that will include their Expected Family Contribution (EFC). Applicants can determine their financial need by subtracting their EFC from the total cost of the college they wish to attend.

The Financial Need formula is: Cost of Attendance – EFC = Financial Need

Students with family incomes ranging between $0-30,000 receive a federal aid amount of $36,668 due to a higher need of financial assistance. A slight change is observed with the range starting from $30,001-48,000; the aid provided for it is $35,995. For incomes within $48,001-75,000, the aid provided is $32,229. When the income range increases to $75,001 - $110,000, the aid amount decreases to $29,055. When the range increases beyond $110,000, the aid amount gets reduced to $27,132.

Student Loans for Pace University

Average Loan Amount Average Loan Amount received per year.

$8,550/Year

Students Taking Out Loans

61%

Loan Default Rate

5.5%

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