$6,067

Avg. Federal Grant

$4,237

Avg. Federal Loan

$28,539

Total Aid Awarded

Eastern Suffolk BOCES Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$28.539K

Financial Aid Official Website

www.esboces.org

As many as 36% of the students at ESB get some sort of financial aid, and the total amount of assistance/loans provided is more than $24,341 in a year. The total percentage of candidates applying to Eastern Suffolk BOCES who receive the Federal Grant is 36%. Meanwhile, 36% of the applicants receive the Student Grant, while 36% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,348. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ESB, an estimated number of 18% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

10%

Institution Grant Aid

N/A

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$6,067

State Grant Aid

$4,270

Institution Grant Aid

N/A

Pell Grant

$6,067

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,600

$30,001 - $48,000

$5,739

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Eastern Suffolk BOCES

Average Loan Amount Average Loan Amount received per year.

$4,237/Year

Students Taking Out Loans

20%

Loan Default Rate

N/A

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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