$4,798

Avg. Federal Grant

$5,853

Avg. Federal Loan

$53,111,865

Total Aid Awarded

Buffalo State The State University of New York Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$53.112M

Financial Aid Official Website

financialaid.buffalostate.edu/

It is interesting to note that, every year, around 94% of students at SBS receive some kind of financial aid, while the total amount of assistance/loans provided is $31,490,109. The total percentage of candidates applying to SUNY Buffalo State who receive the Federal Grant is 68%. Meanwhile, 87% of the applicants receive the Student Grant and 85% are awarded the Institution Grant, while 67% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,868, and the same stands at $3,741 for State Grant awardees and $1,746 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,686. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SUNY Buffalo State, the percentage of candidates who opt to avail of student loans is around 66%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

80%

Institution Grant Aid

83%

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$4,798

State Grant Aid

$3,835

Institution Grant Aid

$1,649

Pell Grant

$4,713

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,289

$30,001 - $48,000

$9,373

$48,001 - $75,000

$5,628

$75,001 - $110,000

$3,691

Over $110,000

$912

Student Loans for Buffalo State The State University of New York

Average Loan Amount Average Loan Amount received per year.

$6,507/Year

Students Taking Out Loans

68%

Loan Default Rate

8.2%

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