Siena College Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$71.014M
Financial Aid Official Website
https://www.siena.edu/offices/financial-aid/
Notably, 98% of the students at Siena College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,684,429. More information regarding the financial assistance schemes can be accessed on SC’s official financial aid page at https://www.siena.edu/offices/financial-aid/. At SC, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,111, while the same comes to $2,680 for State Grant receivers and $25,557 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,556. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $33,788 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $29,131, while those falling in the $48,001-$75,000 income category get $26,194 a year. Those with an annual income level of $75,001-$110,000 would receive $24,487, while candidates with more than $110,000 of family income receive an average federal aid of $19,581. 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 Siena College, the percentage of candidates who opt to avail of student loans is around 69%.
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