by our College Data Analytics TeamA lot of students will never be charged 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 SUNY College of Technology at Alfred can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Alfred State provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to discover just how much financial aid could 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. Use the information below to understand how much financial assistance you may get from SUNY College of Technology at Alfred.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at SUNY College of Technology at Alfred, 98% of first-time, full-time freshmen received some form of financial aid some 1217 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $9,966 |
| Institutional grants & scholarships | 94% | $2,915 |
| Federal Pell grants | 54% | $5,517 |
| State/local grants | 72% | $5,001 |
| Federal student loans | 70% | $5,223 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Alfred State, around 78% of undergrads got grants or scholarships worth on average $9,781 (across roughly 2935 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $9,781 |
| Federal Pell grants | 45% | $5,448 |
| Federal student loans | 57% | $5,969 |
For on-campus title-IV students, average grant aid came to $10,369.
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 | $10,546 |
| $30,001 – $75,000 | $13,197 |
| Over $75,000 | $19,557 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,016 |
| Off-campus title-IV students | $14,488 |
To get a personalized net price estimate, try Alfred State’s official net price calculator: www.alfredstate.edu/financial-aid/tuition/net-price-calculator.
A typical borrower at Alfred State leaves with $12,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $13,750 |
| Typical 10-year monthly payment (graduates) | $145.77/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Alfred State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $18,500 |
| 90th percentile (highest-debt students) | $27,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,000 |
| High income | $11,977 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,982 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Alfred State.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Alfred State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18397 |
| Total Stafford loan amount | $224,839,792 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.