$4,796

Avg. Federal Grant

$4,377

Avg. Federal Loan

$9,376,457

Total Aid Awarded

Union College (UC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$9.376M

Financial Aid Official Website

www.ucollege.edu/admissions/financing-your-education

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. It is interesting to note that almost every student at UC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,284,086. More information regarding the financial assistance schemes can be accessed on UC’s official financial aid page at http://www.union.edu/admissions/finaid/. Notably, a total of 45% of the applicants to Union College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,271, while the same comes to $907 for State Grant receivers and $10,567 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,531. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $56,644 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $44,508, while those falling in the $48,001-$75,000 income category get $45,051 a year. Those with an annual income level of $75,001-$110,000 would receive $37,963, while candidates with more than $110,000 of family income receive an average federal aid of $22,848. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UC, an estimated number of 86% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

4%

Institution Grant Aid

99%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,796

State Grant Aid

$889

Institution Grant Aid

$9,996

Pell Grant

$4,258

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,186

$30,001 - $48,000

$12,715

$48,001 - $75,000

$12,660

$75,001 - $110,000

$10,350

Over $110,000

$9,786

Student Loans for Union College (UC)

Average Loan Amount Average Loan Amount received per year.

$5,143/Year

Students Taking Out Loans

88%

Loan Default Rate

5.5%

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