$5,042

Avg. Federal Grant

$5,328

Avg. Federal Loan

$71,013,995

Total Aid Awarded

Siena College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

34%

Institution Grant Aid

99%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$5,042

State Grant Aid

$3,141

Institution Grant Aid

$23,135

Pell Grant

$4,488

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,760

$30,001 - $48,000

$31,116

$48,001 - $75,000

$29,326

$75,001 - $110,000

$27,239

Over $110,000

$20,575

Student Loans for Siena College

Average Loan Amount Average Loan Amount received per year.

$8,585/Year

Students Taking Out Loans

72%

Loan Default Rate

2.2%

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