by our College Data Analytics TeamMost students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Berkeley College-New York can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Berkeley College - New York offer, and what will you qualify for? Keep reading for more information. Keep going to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Berkeley College-New York.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Berkeley College-New York, 98% of entering full-time freshmen got some type of financial assistance around 58 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $9,761 |
| Institutional grants & scholarships | 95% | $4,955 |
| Federal Pell grants | 66% | $5,116 |
| State/local grants | 37% | $2,629 |
| Federal student loans | 69% | $6,889 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 76% of the undergraduate population received grant aid that averaged $8,865 (among about 1329 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $8,865 |
| Federal Pell grants | 52% | $4,466 |
| Federal student loans | 57% | $7,790 |
For on-campus title-IV students, average grant aid came to $10,917.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,582 |
| $30,001 – $75,000 | $23,662 |
| Over $75,000 | $38,983 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $34,124 |
| Off-campus title-IV students | $25,133 |
For a personalized estimate based on your family’s financial situation, use Berkeley College - New York’s net price calculator: berkeleycollege.studentaidcalculator.com/welcome.aspx.
Graduating students at Berkeley College - New York carry a median federal student debt of $19,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $30,426 |
| Typical 10-year monthly payment (graduates) | $322.57/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Berkeley College - New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $28,307 |
| 90th percentile (highest-debt students) | $40,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,942 |
| Middle income | $20,268 |
| High income | $20,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $20,381 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $21,402 |
A handful of calculated indicators summarize the debt outlook at Berkeley College - New York.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Berkeley College - New York:
| Metric | Value |
|---|---|
| Stafford loan recipients | 24015 |
| Total Stafford loan amount | $491,150,922 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 92 |
| Total GI Bill amount | $1,452,818 |
| Average GI Bill amount per recipient | $15,792 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 32 |
| Total DoD amount | $51,162 |
| Average DoD amount per recipient | $1,599 |
References
More about our data sources and methodologies.