by our College Data Analytics TeamMost 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 price tag of going to Metropolitan College of New York can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can MCNY offer, and what will you qualify for? Keep reading for more information. Scroll down to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Metropolitan College of New York.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Metropolitan College of New York, 93% of new full-time first-years were awarded at least some aid roughly 13 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $8,112 |
| Institutional grants & scholarships | 86% | $1,064 |
| Federal Pell grants | 79% | $6,237 |
| State/local grants | 29% | $5,250 |
| Federal student loans | 64% | $7,556 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at MCNY, approximately 97% of undergraduates were awarded an average grant or scholarship of $9,975 (covering around 418 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $9,975 |
| Federal Pell grants | 65% | $6,569 |
| Federal student loans | 71% | $11,506 |
On-campus students receiving title-IV aid were awarded grants averaging $5,321.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,352 |
| $30,001 – $75,000 | $29,112 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,882 |
| Off-campus title-IV students | $25,180 |
For a customized cost estimate, visit MCNY’s net price calculator: apply.mcny.edu/register/npc.
A typical borrower at MCNY leaves with $20,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $27,688 |
| Typical 10-year monthly payment (graduates) | $293.54/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at MCNY.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $34,500 |
| 90th percentile (highest-debt students) | $45,600 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,500 |
| Middle income | $19,000 |
| High income | $12,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,125 |
| Continuing-generation students | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $21,000 |
A handful of calculated indicators summarize the debt outlook at MCNY.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at MCNY:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11803 |
| Total Stafford loan amount | $403,152,155 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $207,146 |
| Average GI Bill amount per recipient | $10,902 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.