$5,331

Avg. Federal Grant

$5,035

Avg. Federal Loan

$96,319,772

Total Aid Awarded

Stony Brook University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$96.320M

Financial Aid Official Website

https://www.stonybrook.edu/finaid/

It is interesting to note that, every year, around 79% of students at SBU receive some kind of financial aid, while the total amount of assistance/loans provided is $38,812,746. Notably, a total of 36% of the applicants to Stony Brook University receive the Federal Grant every year. On the other hand, 72% of the candidates get the Student Grant, 69% receive the Institution Grant, and 36% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,467, the State Grant receivers and Institution Grant beneficiaries get $4,523 and $4,666, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,913. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 40% of the applicants to Stony Brook University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

46%

Institution Grant Aid

68%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,331

State Grant Aid

$4,642

Institution Grant Aid

$4,632

Pell Grant

$5,149

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,336

$30,001 - $48,000

$12,239

$48,001 - $75,000

$7,475

$75,001 - $110,000

$4,898

Over $110,000

$2,822

Student Loans for Stony Brook University

Average Loan Amount Average Loan Amount received per year.

$6,384/Year

Students Taking Out Loans

42%

Loan Default Rate

2.7%

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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#N/A

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