$5,951

Avg. Federal Grant

$5,669

Avg. Federal Loan

$6,866,688

Total Aid Awarded

The College of Westchester (CW) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$6.867M

Financial Aid Official Website

www.cw.edu/page.php?subj=admissions&page=financial

It is interesting to note that almost every student at TCW receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,685,375. Notably, a total of 85% of the applicants to The College of Westchester receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 95% receive the Institution Grant, and 85% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,355, the State Grant receivers and Institution Grant beneficiaries get $3,987 and $5,119, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,867. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 84% of the applicants to The College of Westchester opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

76%

Institution Grant Aid

94%

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$5,951

State Grant Aid

$4,027

Institution Grant Aid

$4,222

Pell Grant

$5,428

With Institutional grants having the highest contribution percentage of 94% with an average aid amount of $4,222. Federal and pell grants having the contribution percentage of 90% with an average aid of $5,951 and $5,428 respectively and state grants having 76% with an amount of $4,027.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,009

$30,001 - $48,000

$12,625

$48,001 - $75,000

$7,994

$75,001 - $110,000

$6,585

Over $110,000

$5,917

It is basically to help the students get the degree irrespective of their financial background.for those whose family income is under $30,000 they can expect the highest amount of aid i.e $13,009, family income between $30,001 to $48,000 can expect the amount of aid of $12,625, family income between $48,001 to $75,000 can expect $7,994 and for $75,001 to $1,10,000 gets the aid of $6,585 and family income over $1,10,000 can expect amount of $5,917.

Student Loans for The College of Westchester (CW)

Average Loan Amount Average Loan Amount received per year.

$5,669/Year

Students Taking Out Loans

92%

Loan Default Rate

7.5%

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