by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Concordia College - New York.
Concordia College - New York average financial aid offer for freshmen students is $26,577.00. A significant 93% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Concordia College - New York.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Concordia College - New York.
56% of new students (102 total) were given scholarships at Concordia College - New York, averaging $22,007.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 68% of first-year students (125 total) got federal grant aid, averaging $5,514.00 per person.
Amount of Financial Assistance Per Income Level
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.50% | $21,610.00 |
| Income 30k-48k | 20.77% | $19,106.00 |
| Income 48k-75k | 13.11% | $14,440.00 |
| Income 75k-110k | 3.28% | $16,967.00 |
| Income 110k + | 2.19% | $3,387.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
93% of the 183 undergraduates at Concordia College - New York receive some sort of grant aid. This is a total of about 125 students getting an average of $26,577.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.