by our College Data Analytics TeamMost 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 price tag of going to SUNY Polytechnic Institute can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will SUNY Poly provide, and just what are you going to be eligible for? Read on for answers. Read on to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at SUNY Polytechnic Institute.
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 Polytechnic Institute, 100% of new full-time first-years were awarded at least some aid around 389 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $8,357 |
| Institutional grants & scholarships | 100% | $3,176 |
| Federal Pell grants | 44% | $5,540 |
| State/local grants | 61% | $4,352 |
| Federal student loans | 53% | $4,859 |
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 this school, around 78% of undergraduate students received gift aid averaging $7,890 (covering around 1492 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $7,890 |
| Federal Pell grants | 40% | $5,360 |
| Federal student loans | 42% | $6,107 |
Title-IV recipients living on campus saw average grant aid of $9,577.
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 | $9,193 |
| $30,001 – $75,000 | $12,689 |
| Over $75,000 | $18,130 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,164 |
| Off-campus title-IV students | $13,882 |
To project your own net price, use SUNY Poly’s online cost calculator: www.sunypoly.edu/calculator.html.
The median student at SUNY Poly graduates with $12,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $17,250 |
| Typical 10-year monthly payment (graduates) | $182.88/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at SUNY Poly.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $20,842 |
| 90th percentile (highest-debt students) | $28,585 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,000 |
| High income | $12,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,250 |
| Independent students | $15,834 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SUNY Poly.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at SUNY Poly:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9536 |
| Total Stafford loan amount | $162,641,095 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $137,084 |
| Average GI Bill amount per recipient | $6,854 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $19,130 |
| Average DoD amount per recipient | $3,188 |
References
More about our data sources and methodologies.