$5,849

Avg. Federal Grant

$6,054

Avg. Federal Loan

$34,398,027

Total Aid Awarded

St. Bonaventure University (SBU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$34.398M

Financial Aid Official Website

www.sbu.edu/admission-aid/freshman-admissions/scholarships-financial-aid

A variety of sources cater the students at St. Bonaventure University (SBU) with financial aid packages and services. Financial aid and services comprises work-study, loans, grants and scholarships which is determined by FAFSA. 

The St. Bonaventure University's federal school code is 002817. Approximately, the financial aid services assist 96% of the students with an amount summing up to $34,398,027

Scholarships

Freshman Scholarships: Depending upon the students’ family and academic profile, the eligible students are offered with these merit based awards. Following is a list of scholarships for you to choose from:

  • Presidential Scholarship: The most prestigious award reserved for students with excellent academic credentials where the amount is $25,000 and is renewable.

  • Friars Scholarship: A $23,000 award for freshmen attending SBU where the students need to maintain a grade point average (GPA) of 3.0 or more.

  • Provost Scholarship: This applies for new candidates with splendid academic achievement. A $21,000 award is offered where they must ensure to maintain a GPA of 2.75 or more.

  • Jandoli Scholarship: A $1,000 scholarship that demands satisfactory academic performance from candidates pursuing Journalism and Mass Communication degrees or Strategic Communication And Digital Media. 

  • St. Marianne Cope Scholarship: A $1,000 scholarship offered to those pursuing Elementary Education, Physical Education or Sport Study degrees.

 

Transfer Scholarships

Students with GPA of 2.25 or more are awarded with transfer merit scholarships. The students are categorised based on their prior college GPA range:

  • GPA of 3.5 and above: The commuters are awarded with $12,000 whereas the residents are awarded with $20,000.

  • GPA of range 3.0 - 3.49: A $9,750 award is reserved for commuters and $13,000 for residents.

  • GPA of range 2.25 - 2.99: For commuters the amount is fixed to $7,500 and for residents it is $10,000.

 

There are two categories of transfer scholarships:

  • Phi Theta Kappa/Honor Scholarship: This is offered in addition to any other merit scholarship depending upon the students’ membership at the Phi Theta Kappa or any recognized academic honor society.

  • Southern Tier Scholarship: A $2,500 renewable award for high school students who have graduated or at present reside in Chautauqua (NY), Allegany (NY) or Cattaraugus (NY) countries.

 

Grants

Federal Grants

  • TEACH Grant: This grant allows students to teach in low-income student schools for which they receive awards with a minimum of $4,000 of a maximum of $8,000 per year for funding their education.

State Grants

  • New York State Math & Science Teaching Incentive: The eligible students are provided with a $6,470 award without any service requirements.

  • Programs for Child Welfare Workers, New York: This is for those who have volunteered for Child Welfare and Development.

Institutional Grants

With respect to certain criteria, students are offered with grants from the institution, as well.

  • AmerciCorps Matching Grants: A $5,550 full-time service grant provided every year to campus-based graduates.

  • Dean’s Graduate Scholarship:  A grant that is applied against 20% of the tuition and fees for students studying in Olean or the Buffalo Center.

  • Bona Advantage: Those not eligible for dean’s scholarship, may apply.

  • Franciscan Mission Grant: This applies for campus-based graduate study where 30% of the grant is applied against tuition fees for Catholic schools and organizations.

  • Young Nonprofit Professionals Network: This aid is targeted towards the graduates of Olean or the Buffalo Center where they receive 20% tuition reduction. For SBU’s online graduation programs, there is a 10% reduction in tuition and fees.

Loans

  • Federal Direct Stafford Loans: Students without any demonstrated financial need may apply for these loans. The borrowing amount is limited to $20,500 which is applied against the tuition and campus housing costs.

  • Federal Direct PLUS Loans: Eligible candidates must ensure that they do not have any kind of adverse credit check or else they might get deferred.

  • Perkins Loans: These are offered by the university, itself.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

28%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$5,849

State Grant Aid

$3,728

Institution Grant Aid

$22,718

Pell Grant

$4,715

The contribution of the federal, state and institutional grants with reasonable figures are denoted below:

  • Federal Grants: Approximately 28% of the students are served with an average aid of $5,849.

  • Pell Grants: This serves 28% of the students with the average aid amounting to $4,715.

  • State Grants: This serves around 32% of the students with an average aid of $3,218.

  • Institutional Grants: This caters 100% of the students with an average aid of $22,718.

An average $6,054 of federal loans is offered by SBU for financial support to the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,816

$30,001 - $48,000

$30,688

$48,001 - $75,000

$28,153

$75,001 - $110,000

$22,591

Over $110,000

$19,300

There is an inverse relation between the family income and the respective financial aid awarded to students where the average financial aid is $27,993.

It usually begins with the income group ranging from $0 - $30,000 which receives financial aid of $35,816, followed by the group $30,001 - $48,000 receiving aid of $30,688. The next one receiving the median  financial aid of $28,153 is a $48,001 - $75,000 income group.

Groups with higher income include ranges fluctuating from $75,001 - $110,000 and above $110,000 that receive financial aid of $22,591 and $19,300, in order.

Student Loans for St. Bonaventure University (SBU)

Average Loan Amount Average Loan Amount received per year.

$7,034/Year

Students Taking Out Loans

100%

Loan Default Rate

3.6%

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