by our College Data Analytics TeamA large number of students will never be charged 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 total price of attendance at SUNY College at Potsdam can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will SUNY Potsdam offer, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open 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 College at Potsdam.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at SUNY College at Potsdam, 97% of new full-time first-years were awarded at least some aid approximately 415 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $11,147 |
| Institutional grants & scholarships | 93% | $4,400 |
| Federal Pell grants | 48% | $5,863 |
| State/local grants | 68% | $4,893 |
| Federal student loans | 65% | $5,109 |
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 Potsdam, some 76% of undergrads got grants or scholarships worth on average $9,953 (across approximately 1687 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $9,953 |
| Federal Pell grants | 40% | $5,671 |
| Federal student loans | 55% | $6,263 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,459.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,001 |
| $30,001 – $75,000 | $13,048 |
| Over $75,000 | $18,528 |
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 | $13,624 |
| Off-campus title-IV students | $14,295 |
To get a personalized net price estimate, try SUNY Potsdam’s NPC: www.suny.edu/howmuch/netpricecalculator.xhtml.
The middle student in the debt distribution at SUNY Potsdam owes $18,166 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,166 |
| Median federal debt (graduates only) | $24,250 |
| Typical 10-year monthly payment (graduates) | $257.09/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 four reference points below map the debt distribution at SUNY Potsdam.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,822 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,895 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,761 |
| Middle income | $17,500 |
| High income | $18,973 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,950 |
| Continuing-generation students | $18,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $15,934 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. SUNY Potsdam.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at SUNY Potsdam:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18952 |
| Total Stafford loan amount | $359,765,222 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 41 |
| Total GI Bill amount | $265,458 |
| Average GI Bill amount per recipient | $6,475 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.