by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at SUNY at Purchase College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does Purchase College offer, and what will you qualify for? Keep scrolling for more information. Keep reading to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at SUNY at Purchase College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at SUNY at Purchase College, 84% of entering full-time freshmen got some type of financial assistance (about 646 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $10,432 |
| Institutional grants & scholarships | 69% | $4,954 |
| Federal Pell grants | 36% | $5,643 |
| State/local grants | 45% | $4,272 |
| Federal student loans | 47% | $5,338 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Purchase College, about 67% of undergraduates were awarded an average grant or scholarship of $10,488 (covering around 2110 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $10,488 |
| Federal Pell grants | 36% | $5,733 |
| Federal student loans | 42% | $6,288 |
For on-campus title-IV students, average grant aid came to $10,130.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,518 |
| $30,001 – $75,000 | $18,558 |
| Over $75,000 | $24,794 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,913 |
| Off-campus title-IV students | $19,067 |
For a personalized estimate based on your family’s financial situation, use Purchase College’s NPC: www.purchase.edu/offices/student-financial-services/.
A typical borrower at Purchase College leaves with $15,194 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,194 |
| Median federal debt (graduates only) | $21,067 |
| Typical 10-year monthly payment (graduates) | $223.35/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Purchase College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $31,499 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,394 |
| Middle income | $17,000 |
| High income | $14,259 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $14,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,124 |
| Independent students | $15,389 |
A handful of calculated indicators summarize the debt outlook at Purchase College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Purchase College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14070 |
| Total Stafford loan amount | $254,956,645 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $153,650 |
| Average GI Bill amount per recipient | $7,683 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.