$5,003

Avg. Federal Grant

$5,966

Avg. Federal Loan

$24,856,907

Total Aid Awarded

SUNY Potsdam Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$24.857M

Financial Aid Official Website

www.potsdam.edu/admissions/financial/index.cfm

As many as 98% of the students at SCP get some sort of financial aid, and the total amount of assistance/loans provided is more than $15,140,868 in a year. The total percentage of candidates applying to SUNY College at Potsdam who receive the Federal Grant is 55%. On the other hand, 93% of the candidates get the Student Grant, 93% receive the Institution Grant, and 55% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,885, the State Grant receivers and Institution Grant beneficiaries get $4,542 and $3,387, respectively. And, for the Pell Grant awardees, the average aid amount is $4,844. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to SUNY College at Potsdam opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

72%

Institution Grant Aid

88%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,003

State Grant Aid

$3,874

Institution Grant Aid

$3,200

Pell Grant

$4,879

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,624

$30,001 - $48,000

$10,439

$48,001 - $75,000

$7,726

$75,001 - $110,000

$5,002

Over $110,000

$2,372

Student Loans for SUNY Potsdam

Average Loan Amount Average Loan Amount received per year.

$6,814/Year

Students Taking Out Loans

77%

Loan Default Rate

6.2%

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