by our College Data Analytics TeamA large number of students will not be asked to pay 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 Canisius University can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Canisius offer you, and what will you qualify for? Read on for more information. Keep going to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Canisius University.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Canisius University, 100% of first-time, full-time freshmen received some form of financial aid around 422 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,972 |
| Institutional grants & scholarships | 100% | $20,376 |
| Federal Pell grants | 41% | $5,632 |
| State/local grants | 41% | $4,548 |
| Federal student loans | 59% | $4,936 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Canisius, around 97% of undergraduates were awarded an average grant or scholarship of $22,478 (across approximately 1743 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $22,478 |
| Federal Pell grants | 32% | $5,466 |
| Federal student loans | 53% | $6,170 |
For on-campus title-IV students, average grant aid came to $26,382.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,909 |
| $30,001 – $75,000 | $15,122 |
| Over $75,000 | $22,543 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,940 |
| Off-campus title-IV students | $18,322 |
To get a personalized net price estimate, try Canisius’s online cost calculator: canisius.studentaidcalculator.com/welcome.aspx.
The middle student in the debt distribution at Canisius owes $19,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $24,250 |
| Typical 10-year monthly payment (graduates) | $257.09/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Canisius.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,415 |
| 25th percentile | $9,550 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,775 |
| Middle income | $19,500 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $22,000 |
A handful of calculated indicators summarize the debt outlook at Canisius.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Canisius:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16442 |
| Total Stafford loan amount | $401,348,981 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 38 |
| Total GI Bill amount | $548,081 |
| Average GI Bill amount per recipient | $14,423 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.