$4,361

Avg. Federal Grant

$11,449

Avg. Federal Loan

$24,303,851

Total Aid Awarded

Utica College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$24.304M

Financial Aid Official Website

utica.edu/finance/sfs/index.cfm

Notably, 98% of the students at Utica College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $28,064,710. The total percentage of candidates applying to Utica College who receive the Federal Grant is 44%. Meanwhile, 94% of the applicants receive the Student Grant and 89% are awarded the Institution Grant, while 44% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,576, the State Grant receivers and Institution Grant beneficiaries get $3,485 and $7,087, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,441. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UC, an estimated number of 80% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

47%

Institution Grant Aid

78%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,361

State Grant Aid

$3,156

Institution Grant Aid

$6,292

Pell Grant

$4,249

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,306

$30,001 - $48,000

$12,697

$48,001 - $75,000

$10,007

$75,001 - $110,000

$6,330

Over $110,000

$4,190

Student Loans for Utica College

Average Loan Amount Average Loan Amount received per year.

$14,202/Year

Students Taking Out Loans

84%

Loan Default Rate

4.3%

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