by our College Data Analytics TeamA lot of students are not billed 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 total cost of going to SUNY Old Westbury can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can SUNY Old Westbury offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn what amount of financial assistance will 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from SUNY Old Westbury.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at SUNY Old Westbury, 83% of new full-time first-years were awarded at least some aid (about 591 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $10,200 |
| Institutional grants & scholarships | 72% | $1,639 |
| Federal Pell grants | 61% | $5,900 |
| State/local grants | 71% | $3,738 |
| Federal student loans | 28% | $5,207 |
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 SUNY Old Westbury, around 62% of undergraduate students received gift aid averaging $9,273 (among about 2500 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $9,273 |
| Federal Pell grants | 49% | $5,739 |
| Federal student loans | 28% | $6,282 |
For students living on campus and receiving title-IV aid, grants averaged $10,005.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,733 |
| $30,001 – $75,000 | $10,531 |
| Over $75,000 | $16,786 |
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 | $11,282 |
| Off-campus title-IV students | $9,900 |
For a customized cost estimate, visit SUNY Old Westbury’s NPC: www.oldwestbury.edu/financial-aid/net-price-calculator.
The median student at SUNY Old Westbury graduates with $12,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $14,997 |
| Typical 10-year monthly payment (graduates) | $158.99/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 percentiles below describe the cumulative federal debt distribution for borrowers at SUNY Old Westbury.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $21,820 |
| 90th percentile (highest-debt students) | $29,900 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,146 |
| Middle income | $12,331 |
| High income | $12,230 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,129 |
A handful of calculated indicators summarize the debt outlook at SUNY Old Westbury.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at SUNY Old Westbury:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14743 |
| Total Stafford loan amount | $242,588,171 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.