by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Binghamton University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Binghamton University offer you, and what will you qualify for? Keep reading for more information. Keep reading to learn just how much financial aid will 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 Binghamton 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.
At Binghamton University, 79% of entering full-time freshmen got some type of financial assistance approximately 2441 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $11,366 |
| Institutional grants & scholarships | 55% | $5,312 |
| Federal Pell grants | 28% | $6,111 |
| State/local grants | 44% | $4,951 |
| Federal student loans | 46% | $5,347 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Binghamton University, around 57% of undergrads got grants or scholarships worth on average $10,741 (among about 8146 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $10,741 |
| Federal Pell grants | 28% | $6,155 |
| Federal student loans | 39% | $6,468 |
For students living on campus and receiving title-IV aid, grants averaged $8,725.
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 | $14,206 |
| $30,001 – $75,000 | $18,839 |
| Over $75,000 | $26,666 |
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 | $21,620 |
| Off-campus title-IV students | $21,364 |
To get a personalized net price estimate, try Binghamton University’s net price tool: www.suny.edu/howmuch/netpricecalculator.xhtml?id=2&embed=n&headerUrl=www.binghamton.edu/npc/logo.png&cssUrl=www.binghamton.edu/np.
Graduating students at Binghamton University carry a median federal student debt of $15,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $18,500 |
| Typical 10-year monthly payment (graduates) | $196.13/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. Use the percentiles below to see the debt range at Binghamton University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,001 |
| 25th percentile | $8,250 |
| 75th percentile | $25,600 |
| 90th percentile (highest-debt students) | $29,558 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,005 |
| Middle income | $15,750 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,500 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,251 |
| Independent students | $12,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Binghamton University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Binghamton University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38975 |
| Total Stafford loan amount | $778,947,169 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.
