OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Clarkson University Financial Aid and Scholarships 2022

Clarkson University, which is located in Potsdam, NY is a private university. Clarkson University occupies a total area of about 640 acres. Clarkson University was founded in the year 1896. The motto of the Clarkson University is A Workman That Needeth Not to be Ashamed[a] and its official colors are green and gold. In addition to over 3,081 undergraduate students, CU also boasts of over 1,220 students in its postgraduate courses, taking the total enrollment to over 4,300. The school has a total

$5,039

Avg. Federal Grant

$5,599

Avg. Federal Loan

$93,362,855

Total Aid Awarded

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Clarkson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$93.363M

Financial Aid Official Website

https://www.clarkson.edu/student-administrative-services-sas/financial-aid

Such schemes include Adirondack Scholars Award, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Carnegie Dartlet $10,000 Scholarship. It is interesting to note that almost every student at CU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $13,469,238. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at https://www.clarkson.edu/student-administrative-services-sas/financial-aid. At CU, the total percentage of applicants who receive the Federal Grant stands at 25%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 25% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,376, and the same stands at $3,009 for State Grant awardees and $35,271 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,345. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $48,032 in a year. The average aid amount stands at $41,099 for an annual family income between $30,001 and $48,000. This amount comes to $37,283 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $32,155, while candidates with more than $110,000 of family income receive an average federal aid of $26,699. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CU, an estimated number of 73% of the applicants choose to go for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

34%

Institution Grant Aid

100%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$5,039

State Grant Aid

$2,579

Institution Grant Aid

$32,227

Pell Grant

$4,391

As mentioned above, there are various different types of financial aid and scholarships available to CU students. These are given below.

Federal grant - Federal Grants are need based awards that do not need to be repaid. Pell grant, Federal Supplemental Educational Opportunity Grant, TEACH grant, Direct Subsidized, Unsubsidized and PLUS loans, and Federal Work-study are the Federal aids available for the students. Last year, 26 % students availed federal aid with the average amount being $ 5039.
Institutional Grant - Clarkson offers a wide range of institutionally funded Scholarships and Grants. The Office of New Student Financial Aid will offer you scholarships and/or grants depending upon your admissions application and your financial need as reported on your FAFSA. These awards do not require repayment and are renewable annually provided you are making Satisfactory Academic Progress in your degree program. Clarkson Leadership, Clarkson Merit, Holcroft Alumni Recognition, and Clarkson FIRST are the Institutional Scholarships provided to the students. Last year, 100 % students availed institutional grants with the average amount being $ 32227.
Military aid - Post 9/11 GI Bill, Tuition Assistance program, Yellow Ribbon Program, Airforce Scholarships, Army scholarships, Clarkson ROTC Incentive Grant are the various Military Aid available.
State aid - If you are a New York State resident, you can apply for New York State aid online by using the New York State resident TAP application link on the FAFSA Submission Confirmation page. The New York State Higher Education Assistance Corporation (HESC) administers the New York Tuition Assistance Program (TAP) and other Scholarship Programs. These are available for students who meet residence, income, academic, or other requirements, as established by state law. 34 % students availed state aid last year with an average amount being $ 2579.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$45,619

$30,001 - $48,000

$41,809

$48,001 - $75,000

$39,136

$75,001 - $110,000

$35,427

Over $110,000

$29,700

The need for federal aid decreses with the increase in family income bracket. That's why, we can see that students with fsmily income feom 0 to 30k require federal aid to pay more than 50 % of the fee. On the other hand, students whose family income is more than 110k need only $ 29700 of financial aid on average.

Student Loans for Clarkson University

Average Loan Amount Average Loan Amount received per year.

$10,331/Year

Students Taking Out Loans

75%

Loan Default Rate

1.6%

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Student loans are diffrent from federal or institutional grant as there is an obligation to rapay the loan back with some interset. 75 % of Clarkson University students take assistance of student loan to pay their fee. The good thing about CU students is their low defualt rate of 1.6 % which is much lower than USA's national average. This makes it easier for students to take loan.

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