$5,269

Avg. Federal Grant

$5,393

Avg. Federal Loan

$31,413,164

Total Aid Awarded

The State University of New York (SUNY) at New Paltz Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$31.413M

Financial Aid Official Website

www.newpaltz.edu/financialaid/

As many as 82% of the students at SUNYNP get some sort of financial aid, and the total amount of assistance/loans provided is more than $22,182,986 in a year. The total percentage of candidates applying to State University of New York at New Paltz who receive the Federal Grant is 40%. In comparison, 66% of the students are awarded the Student Grant, 64% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,345, and the same stands at $4,539 for State Grant awardees and $2,066 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,796. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SUNYNP, an estimated number of 59% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

57%

Institution Grant Aid

61%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,269

State Grant Aid

$4,528

Institution Grant Aid

$2,268

Pell Grant

$5,019

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,545

$30,001 - $48,000

$11,124

$48,001 - $75,000

$6,645

$75,001 - $110,000

$4,424

Over $110,000

$530

Student Loans for The State University of New York (SUNY) at New Paltz

Average Loan Amount Average Loan Amount received per year.

$5,988/Year

Students Taking Out Loans

62%

Loan Default Rate

2.7%

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