As many as 98% of the students at SJCLI get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,318,385 in a year. More information regarding the financial assistance schemes can be accessed on SJCLI’s official financial aid page at http://www.sjcny.edu/long-island/admissions/financial-aid. At SJCLI, the total percentage of applicants who receive the Federal Grant stands at 30%. Meanwhile, 97% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 30% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,444, the State Grant receivers and Institution Grant beneficiaries get $2,793 and $13,700, respectively. And, for the Pell Grant awardees, the average aid amount is $4,223. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $17,638 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $15,637, while those falling in the $48,001-$75,000 income category get $14,092 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,335. And, for those with a family income of more than $110,000, the amount stands at $10,497. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SJCLI, an estimated number of 55% of the applicants choose to go for student loans.