by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at CUNY Borough of Manhattan Community College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will BMCC provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from CUNY Borough of Manhattan Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at CUNY Borough of Manhattan Community College, 87% of entering full-time freshmen got some type of financial assistance some 3396 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $7,198 |
| Institutional grants & scholarships | 51% | $751 |
| Federal Pell grants | 74% | $5,775 |
| State/local grants | 56% | $2,554 |
| Federal student loans | 2% | $4,163 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 68% of undergraduates were awarded grant or scholarship aid averaging $6,330 (across approximately 12448 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,330 |
| Federal Pell grants | 57% | $5,290 |
| Federal student loans | 4% | $5,117 |
On-campus students receiving title-IV aid were awarded grants averaging $7,890.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,318 |
| $30,001 – $75,000 | $6,039 |
| Over $75,000 | $10,103 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $4,976 |
| Off-campus title-IV students | $4,907 |
For a customized cost estimate, visit BMCC’s net price tool: npc.cuny.edu/npc/public/fin_aid/financial_aid_estimator/FinAidEstimator.jsp.
The median student at BMCC graduates with $5,550 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,550 |
| Median federal debt (graduates only) | $7,574 |
| Typical 10-year monthly payment (graduates) | $80.3/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at BMCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,499 |
| 25th percentile | $2,600 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $17,043 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,000 |
| Middle income | $5,500 |
| High income | $6,024 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,700 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,189 |
| Independent students | $8,067 |
These indicators are derived from the underlying debt data and summarize the overall picture at BMCC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at BMCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23602 |
| Total Stafford loan amount | $240,432,193 |
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 | 199 |
| Total GI Bill amount | $715,728 |
| Average GI Bill amount per recipient | $3,597 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $18,550 |
| Average DoD amount per recipient | $1,855 |
References
More about our data sources and methodologies.