As many as 85% of the students at SO get some sort of financial aid, and the total amount of assistance/loans provided is more than $22,210,171 in a year. Notably, a total of 38% of the applicants to SUNY Oneonta receive the Federal Grant every year. On the other hand, 66% of the candidates get the Student Grant, 65% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,026, while the same comes to $4,247 for State Grant receivers and $2,532 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,697. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 65% of the applicants to SUNY Oneonta opt for student loans.