by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Discover the financial aid possibilities at Pace University and learn what assistance you might qualify for by continuing to read.
Pace University - New York average financial aid offer for freshmen students is $31,089.00. A significant 96% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Pace University - New York.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Pace University - New York.
96% of incoming freshmen (1845 total) were awarded scholarships at Pace University - New York, averaging $28,225.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 79% of freshmen (1514 total) obtained a federal grant, for about $2,715.00 a piece.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.72% | $37,175.00 |
| Income 30k-48k | 8.97% | $37,184.00 |
| Income 48k-75k | 10.33% | $35,643.00 |
| Income 75k-110k | 9.13% | $32,430.00 |
| Income 110k + | 22.33% | $29,038.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
1847 Pace University undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $31,089.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.