University at Buffalo (UB) Financial Aid and Scholarships
Students Receiving Aid
57%
Total Aid Amount
$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.
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