This guide is designed to answer one question for you: How are you going to afford State University of New York at Oswego?
You probably know that planning for expenses is an important part of the college application process. What you may not know is how many different things you need to keep track of to pay tuition and apply for financial aid.
Here's what we'll cover:
- How much does SUNY Oswego tuition cost?
- How much financial aid do students at SUNY Oswego usually get?
- How much debt is typical for students at SUNY Oswego?
- How much will SUNY Oswego cost YOU, and can you actually afford it?
- Is SUNY Oswego a good value for you?
- What are other schools that might be a better value than SUNY Oswego?
By learning more about expenses and aid, you’re already on the right path to managing college costs. Let’s get started!
School location: Oswego, NY
This school is also known as: State University of New York at Oswego
How Much Does SUNY Oswego Cost?
Knowing what a school costs is Step #1 in managing college costs. There’s more to think about than just the tuition—you also have to factor in where you'll live, what you'll eat, and more while attending State University of New York at Oswego.
The "Cost of Attendance" is the total amount of money the average student has to pay, WITHOUT any financial aid, to attend a particular school. Think of it as a school’s sticker price. It includes not just SUNY Oswego tuition and fees, but also room, board, textbooks, and personal expenses.
The Cost of Attendance breakdown for SUNY Oswego differs depending on whether you’re in-state or out-of-state student - in-state students can expect lower costs for tuition and fees.
Choose your state of residence here for the most accurate info:
Here’s the Cost of Attendance breakdown for SUNY Oswego:
- Tuition and Fees $7181 $16631
- Room $7990
- Board $4620
- Textbooks $800
- Other Expenses $1400
Typical Total Cost for In-State, On-Campus Students Typical Total Cost for Out-Of-State, On-Campus Students $21991 $31441
- Typical Total Cost for In-State, Off-Campus Students Typical Total Cost for Out-Of-State, Off-Campus Students $22191 $31641
Because SUNY Oswego is an out-of-state public institution, you'd be paying $9450 more than if you were an in-state student. To lower costs, you might consider looking at public schools in your state of residence.
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How Much Financial Aid Do Students at SUNY Oswego Get?
The Cost of Attendance listed above might be intimidating. The good news is that most students don’t end up paying that full price to attend SUNY Oswego. Financial aid helps make up the difference between the Cost of Attendance and what families can actually afford.
Here we'll cover how many students get SUNY Oswego financial aid, what types of aid they get, and how much.
A Brief Intro to Financial Aid
Aid comes in many forms, including:
- Need-based grants
- Merit-based scholarships
- Student loans
This financial aid comes from a few different places:
- Federal aid comes from the federal government, or is subsidized by the federal government.
- Institutional aid comes from your school itself.
Generally, it’s better for MORE students to receive HIGH amounts of financial aid—this means students pay less for college.
Let’s take a look at how SUNY Oswego compares to other schools.
Let's start with the overall numbers. At SUNY Oswego, we know that:
91% of Students Get ANY Aid
This is 5% HIGHER than the average for Public schools, which is 86%.
This is good news - more students getting financial aid means students at SUNY Oswego are likely getting a pretty good deal on their education. It could also mean the school skews toward lower income students.
Next, we'll look at actual aid amounts and student debt to dig deeper.
Grants and Scholarships
We’re focusing on grants and scholarships first because they’re the most important forms of financial aid. Grants and scholarships are better than loans because students don’t ever have to pay them back. The more grant/scholarship aid students receive at a particular school, the better off those students are in the long run.
At State University of New York at Oswego, we know that:
78% Get ANY Grant Money
This is 5% HIGHER than the average for Public schools, which is 73%.
Although it’s useful to know how many students get grant aid, it’s also important to know how much grant aid people tend to receive. The bigger the average grant award, the better.
So how much grant money do students at SUNY Oswego tend to receive?
Average Grant Award: $5709
This is $1560 LOWER than the average for Public schools, which is $7269.
Altogether, this is mixed news - at SUNY Oswego, MORE students get aid, but the ones who do get LESS than average. This may mean that it's easier for you to qualify for SUNY Oswego financial aid, but the help you get will be lower than at other schools.
How Generous is SUNY Oswego’s Financial Aid?
The grant dollar amounts we’ve seen so far have included aid from all sources - both federal and institutional. Schools don’t have much control over how much federal aid students can qualify for (like Pell Grants), but they do their own financial aid dollars and how they’re used.
To figure out how strong SUNY Oswego’s own financial aid program is, we’ll look at how they award their own (non-federal) financial aid dollars. The more students receive aid directly from the school (otherwise known as institutional aid), and the bigger the award amounts, the better the financial aid program.
Let’s see how generous State University of New York at Oswego is with its students:
44% Get ANY School Grants
This is 2% LOWER than the average for Public schools, which is 46%.
Because SUNY Oswego gives a smaller percentage of its students institutional grants than similar schools, it may offer less competitive financial aid.
Some schools may claim to offer large amounts of aid to prospective students without advertising that much of this money may come in the form of student loans - money that you have to pay back. To figure out if this is the case, check out our following section on student loan debt at SUNY Oswego.
The amount of money that students actually get is just as important (if not more important) than the percent of students who get grants. If you receive a grant, you’ll want it to be big enough to do you some good.
Average School Grant: $3088
This is $1279 LOWER than the average for Public schools, which is $4367.
Right away, it seems like State University of New York at Oswego offers less institutional aid than other schools. This can mean a few things: first, students who do receive institutional grants may not get a competitive amount, compared to other schools.
Second, this can also mean that the school just costs less than the typical school of its type. If the school costs less, it makes sense for the average grant award to be lower.
Up to this point, we've looked entirely at grants for SUNY Oswego. Next, we'll do the same analysis for student loans, which is where student debt comes from.
How Much Debt is Typical for Students at SUNY Oswego?
Aside from grants, the other major way to pay for college is with student loans. Student loans aren’t free sums of money - you borrow a certain amount to attend SUNY Oswego, and then pay it back with smaller monthly payments after you graduate.
The more student loan money you borrow, the more debt you’ll end up with after graduation. Ideally, you want to minimize your student debt as much as possible. Less debt means less of a financial burden once you leave school.
It’s generally a bad sign if a school has many students taking out a lot of loans. This indicates that graduates have to worry about paying back big sums of money once they leave school.
To address the amount and type of debt that students take on, this section will cover:
- Loan Overview
- Federal Loans
- Other Loans
Let’s see what students at SUNY Oswego have to deal with:
First, let’s talk about how many students at SUNY Oswego actually have to take out any student loans at all. The ideal goal is to graduate with little to no debt.
It’s very common for college grads in the US to graduate with some debt, but high percentages of students taking on loans at a particular school is a big red flag. In contrast, low percentages of students with loans is a sign that SUNY Oswego tuition is affordable.
So how many students actually end up taking out loans at SUNY Oswego?
73% Have ANY Loans
This is 15% higher than the average for Public schools, which is 58%.
High numbers of students with loans is a red flag, and SUNY Oswego is above average. It doesn’t necessarily mean that students end up with high amounts of debt - we’ll get to that question very shortly - but it suggests that SUNY Oswego is less affordable for the average student.
To break this down further, we have to understand how much actual debt the average person takes out while in school. Next, we’ll look at student debt amounts.
Now that you have a handle on the basic loan information for SUNY Oswego, we’ll get into some more nitty-gritty information on the types and amounts of loans that students typically have.
We’ll start with federal loans because, in general, federal loans are preferable to private loans. Federal loans tend to have low interest rates, which means they cost less in the long run. They may come with other perks (like subsidization or even options for loan forgiveness).
High percentages or amounts of federal loans still isn’t a great sign - again, you don’t want to see students burdened with too much debt. Generally, schools with strong financial aid programs will have students with more federal loans than private loans.
Let’s see how SUNY Oswego stacks up:
73% Have Federal Loans
At State University of New York at Oswego, 73% of all students take out federal loans. This is 16% HIGHER than the average percent of students for Public schools, which is 57%.
Average Federal Loan: $6206
At SUNY Oswego, the average annual federal loan amount is $6206. This amount is $615 MORE than the average for Public schools, which is $5591.
Other Private Loans
Other loans, or private loans, are the last resource students turn to when paying for college. They’re the least preferable form of financial aid because they have higher interest rates and cost students the most money in the long run.
Generally, the fewer students who take private loans, and the lower the amount of the loan, the more affordable SUNY Oswego is.
Let’s take a look at the percentage of students at SUNY Oswego with non-federal loans:
5% Have Private Loans
At State University of New York at Oswego, 5% of students take out private loans. This is 0% HIGHER than the average for Public schools, which is 5%
Just as important as the percentage of students with private loans is the average loan amount. The smaller the average loan amount, the better:
Average Private Loan: $9707
The average private loan amount at SUNY Oswego is $9707. This is $161 HIGHER than the average for Public schools, which is $9546.
The percentage of students getting federal loans is greater than those getting private loans, which is a good sign. This means lower-interest federal loans are usually enough to pay for SUNY Oswego.
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What Would It Cost YOU to Attend SUNY Oswego?
Finally, we get to the bottom line: what will SUNY Oswego actually cost YOU? Every family has a different situation, and depending on your income level, you'll have to pay more or less to go to college.
What is Net Price, and Why Does it Matter?
Above, we've covered SUNY Oswego's Cost of Attendance (tuition, room and board, books, and more). We also covered its typical financial aid in grants, loans, and scholarships.
The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket. The lower the school's cost, and the more aid you get, the lower the Net Price.
We'll cover two ways to get your Net Price for SUNY Oswego - the fast way, and the precise way.
Net Price: The Quick and Easy Way
If you want a quick, general idea of your annual Net Price at SUNY Oswego, here's a handy chart showing the net price of real students. All you need is your family income.
|If your family makes between...||Your Net Price will likely be around...|
|$0 - $30,000||$9951|
|$30,001 - $48,000||$12941|
|$48,001 - $75,000||$17132|
|$75,001 - $110,000||$19447|
|$110,000 and up||$20161|
Note that these values may be a few years old, and today's prices may be a bit higher.
As we'll discuss next, your exact Net Price will depend on other factors like the number of family members and total assets, but this represents the typical Net Price.
Net Price: The Most Accurate Method
Most schools have an updated Net Price calculator available. To find it, just google "SUNY Oswego Net Price Calculator" - the official tool should be one of the top search results.
Often the school will ask for more information than just income:
- The number of people in your household
- The number of family members in college
- Parental wages, income, and assets
- Student wages, income, and assets
This will take 10-15 minutes to complete, and you'll get a specific net price that's more accurate than the table above.
Can You Afford to Attend SUNY Oswego?
Once you have a Net Price estimate, you’ll want to figure out whether your family can afford to pay SUNY Oswego tuition and costs. Once again, the Net Price is the total cost of attending, minus the aid you can expect to get (grants and scholarships). It's the amount you'd have to cover yourself.
The US government has come up with a standardized way to calculate how much a typical family can afford to pay without help. They call this the Expected Family Contribution, or EFC.
As an example, a family that brings home $80,000 in income before taxes, with no assets and no other children in college, has an EFC of around $7,000. This is the amount the government thinks that family can reasonably pay, and the school will have to step in and cover the rest.
Colleges use this number as a guideline to decide how much aid to give you, but it's just a guideline. Some schools will be stingier with aid, and you'll have to pay more than the government's suggested EFC.
So we're going to calculate your EFC and compare it to SUNY Oswego's Net Price. If the Net Price is higher than the EFC, the school will cost more than you can typically afford. It's a simple equation:
Net Price - Expected Family Contribution = Deficit (extra cost you would need to cover)
We've constructed a simple tool to figure out whether SUNY Oswego is affordable for you:
This tool will calculate your Expected Family Contribution, or EFC. In order to calculate this amount, we need just 4 pieces of information from you. We won't save this data.
Finally: Is This Price Really Worth It?
Chances are, college won't be cheap. Even if you have a few top choice schools in mind like SUNY Oswego, it's still useful to explore broadly.
A few questions to ponder:
- How much better off will you be if you attend SUNY Oswego as opposed to a similar, but cheaper, school?
- Have you considered a range of private and public schools? Big and small?
- What if you didn't attend college at all? (This is extreme, but just worth considering even for a second.
Here's our take: college will be a really important stage in your development. Going to a better, more reputable college will usually pay off in the long run. By going to a better college, you'll be surrounded by a more interesting community, find it easier to land a job, and open up opportunities.
To determine the value of SUNY Oswego, we're going to rely on reputable ranking lists. These consider factors like reputation, student selectivity, income after graduating, and more to determine the value of a school.
So how does SUNY Oswego stack up?
Based primarily on its academic reputation, we consider State University of New York at Oswego a medium value school, placing it in the top 50% of schools in terms of value.
As a regional school, SUNY Oswego may not be a household name nationwide, but it's known to people in the local area as a solid school. You're likely to have a pretty good education and graduate with a good start toward the rest of your career.
Compared to some other regional schools, SUNY Oswego didn't appear on our best value lists. This might be because the net price is higher than for other schools of similar reputation. This isn't the end of the world - you can likely still afford SUNY Oswego by taking out loans, earning scholarships, or working part-time. And you should still see what kind of offer they can make you.
Overall, State University of New York at Oswego is a decent value, and going to college here will likely pay off over time. However, if you can get into a better school, with a better reputation and lower price, this can really make a big difference in your life.
How Do You Get In?
To meet SUNY Oswego's admission requirements, you'll need to have competitive SAT/ACT scores and a good GPA. Otherwise, you won't meet their bar of quality.
How do you compare to other students accepted to SUNY Oswego? Check out our Admissions Guide to SUNY Oswego.
What Other Schools Should You Consider?
Your next step should be to get a better idea of costs and aid availability at similar schools. If you’re interested in SUNY Oswego, you should check out some other high-value schools that could give you more bang for your buck. Get started here to check both in-state and out-of-state schools that might provide a better value.
Better Value Schools
Finally, we're going to look at schools that might offer a better value than State University of New York at Oswego. To compile this list, we first find schools at similar academic levels, so you have a similar chance at getting in. Then we select schools that better value for you, by being more affordable or having a higher quality of education
It’s hard to know exactly what schools will be a great value for you without information on your family income. Enter your family income here for the best recommendations for schools:
There are a lot of potential financial benefits that come with attending a school close to home. For example, in-state public schools tend to have subsidized tuitions for state residents. Students may also have the chance to save money if they choose to stay at home.
If you’re looking for good deals on schools in your state, you should start by checking out the following colleges and universities:
You can still get a good value on your education if you choose to attend an out-of-state school, especially if you qualify for generous financial aid.
If you’re interested in getting an education out-of-state, start by checking out the following colleges and universities:
How would your chances at getting into State University of New York at Oswego improve with a better score?
Now that we've figured out whether you can afford SUNY Oswego, we need to focus on getting you in. A big part of this is your SAT/ACT score.
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