$5,240

Avg. Federal Grant

$5,439

Avg. Federal Loan

$103,234,471

Total Aid Awarded

University at Buffalo (UB) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$103.234M

Financial Aid Official Website

financialaid.buffalo.edu/

It is interesting to note that, every year, around 84% of students at UB receive some kind of financial aid, while the total amount of assistance/loans provided is $63,384,078. One can visit UB's financial aid page at http://financialaid.buffalo.edu/ for more information. At UB, the total percentage of applicants who receive the Federal Grant stands at 36%. In comparison, 72% of the students are awarded the Student Grant, 69% get the Institution Grant, and 36% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,336, while the same comes to $4,162 for State Grant receivers and $3,321 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,967. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to University at Buffalo opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

50%

Institution Grant Aid

65%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,240

State Grant Aid

$4,016

Institution Grant Aid

$3,340

Pell Grant

$5,076

It is of utmost importance to know how many students receive certain aids because it gives the students a good idea on what to expect from each type of aid they are going through. When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants.

  • 36% of the students are given Federal Grant Aid, which is usually a reasonable amount of $5,240.

  • Almost 36% of the students get pell grants which mean a measure of around $5,076.

  • For the most part, 50% of the students are equipped for state grants at a measure of around $4,016.

  • 65% of the students get institutional aids/awards which reach a sum of around $3,340.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,051

$30,001 - $48,000

$10,269

$48,001 - $75,000

$6,181

$75,001 - $110,000

$4,379

Over $110,000

$1,683

This shows the distribution of federal aid among students depending on their family annual income. The Federal Office decides the average amount of aid which can be provided to a student based on his family income.

Being divided into 5 categories, the income ranges of under $30,000, $30,001 to $48000 and $48,001 to $75,000 concede an average financial aid amount of $13,051, $10,269 and $6,181 respectively. On the other hand, for the annual income ranges of $75,001 to $110,000 and above 110,000 the financial aid amount reaches $4,379 and $1,683, respectively.

Student Loans for University at Buffalo (UB)

Average Loan Amount Average Loan Amount received per year.

$7,597/Year

Students Taking Out Loans

54%

Loan Default Rate

3%

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