Notably, 86% of the students at SUNY College at Old Westbury get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,524,523. Notably, a total of 61% of the applicants to SUNY College at Old Westbury receive the Federal Grant every year. Meanwhile, 77% of the applicants receive the Student Grant and 76% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,153, while the same comes to $3,815 for State Grant receivers and $1,617 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,859. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SCOW, an estimated number of 38% of the applicants choose to go for student loans.