Brooklyn College Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022 | The College Monk (2024)

Brooklyn College Financial Aid and Scholarships

Students Receiving AidPercent of Students Receiving Financial Aid.

65%

Total Aid AmountAverage Total Aid Awarded per year.

$75.196M

Financial Aid Official Website

www.brooklyn.cuny.edu/financialaid

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Brooklyn College Foundation Presidential Scholarship, and City University of New York, Brooklyn College - Achievement and Investment in Merit Scholarship. As many as 83% of the students at CBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $10,172,645 in a year. More information regarding the financial assistance schemes can be accessed on CBC’s official financial aid page at http://www.brooklyn.cuny.edu/financialaid. Notably, a total of 65% of the applicants to CUNY Brooklyn College receive the Federal Grant every year. Meanwhile, 81% of the applicants receive the Student Grant and 6% are awarded the Institution Grant, while 65% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,526, while the same comes to $5,376 for State Grant receivers and $4,270 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,055. 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. 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. At CBC, an estimated number of 5% of the applicants choose to go for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

79%

Institution Grant Aid

7%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$5,251

State Grant Aid

$5,580

Institution Grant Aid

$3,988

Pell Grant

$5,233

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,528

$48,001 - $75,000

$6,318

$75,001 - $110,000

$4,025

Over $110,000

$615

Student Loans for Brooklyn College

Average Loan AmountAverage Loan Amount received per year.

$6,551/Year

Students Taking Out Loans

5%

Loan Default Rate

5.5%

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