As many as 99% of the students at SJCNY get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,717,122 in a year. Notably, a total of 46% of the applicants to St. Joseph's College-New York receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 46% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,240, and the same stands at $3,253 for State Grant awardees and $13,836 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,645. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At St. Joseph's College-New York, the percentage of candidates who opt to avail of student loans is around 52%.