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Schumer release with New York Colleges and the number of students receiving subsidized Stafford loans

Schumer release with New York Colleges and the number of students receiving subsidized Stafford loans

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Published by Dave Tobin
Data provided by the National Student Loan Data System 2011-2012.
Data provided by the National Student Loan Data System 2011-2012.

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Published by: Dave Tobin on May 15, 2013
Copyright:Attribution Non-commercial


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Today, U.S. Senator Charles E. Schumer launched his fight to stave off an interest rate increase onstudent loans that could raise the cost of attending college for tens of thousands of Upstate NewYork students and their families. Unless Congress takes action quickly, the interest rates onfederally-subsidized Stafford loans will double on July 1
from 3.4% to 6.8%, which could add anadditional $3,800 over a ten-year repayment period to the cost of college. In 2007, Congresslowered the rate on federally-subsidized Stafford loans, but without an extension of the reduced ratein the next month, interest rates will double for students receiving these loans. This will drive up thecost for over 520,000 recipients of subsidized Stafford loans that attend New York Stateinstitutions, with loans already totaling over $2.4 billion. Schumer will join the lead sponsor Senator Jack Reed (D-RI) in bringing the Student Loan Affordability Act of 2013
which wouldextend the current rate for two years
to the Sen
ate floor before the “doubling deadline.” Schumer 
 provided a breakdown of all schools in Upstate New York and the number of students that holdsubsidized Stafford loans.
Capital Region
SCHOOLNumber of Students ReceivingFederally-SubsidizedStafford LoansAlbany College of Pharmacy & Health Sciences 960Albany Law School 571Albany Medical College 647
Austin’s School of Spa Technology
386BOCES Rensselaer School of Practical Nursing 53College of St. Rose 2,938Columbia Greene Community College 540Empire State College 6,196Excelsior College 1,126Fulton-Montgomery Community College 1,274Hudson Valley Community College 4,217Maria College 613
Mildred Elley 2,140Rensselaer Polytechnic Institute 2,710Sage Colleges 1,921Schenectady County Community College 1,787Siena College 1,999Skidmore College 745SUNY Albany 7,964SUNY Cobleskill 1,618Union College 925Total 41,330
Western New York 
SCHOOLNumber of Students ReceivingFederally-SubsidizedStafford LoansBryant & Stratton College 16,392Buffalo State College 6,704Canisius College 2,835Daemen College 1,517
D’Youville College
1,934Erie 1 Board of Cooperative EducationalServices175Erie 2 Chautauqua
Cattaragus BOCES 76Erie Community College 4,529Hilbert College 821Jamestown Business College 232Jamestown Community College 1,293Medaille College 1,936Orleans Niagara BOCES 48Niagara County Community College 1,891Niagara University 2,023Villa Maria College of Buffalo 392State University of New York at Buffalo 11,282St. Bonaventure University 1,449SUNY Fredonia 3,464Trocaire College 1,402Total 60,395
Rochester-Finger Lakes
SCHOOLNumber of Students ReceivingFederally-SubsidizedStafford LoansColgate Rochester Crozer Divinity School 61Finger Lakes Community College 2,753Genesee Community College 1,902Hobart and William Smith Colleges 1,028Keuka College 1,451Monroe Community College 7,307Monroe 2 - Orleans BOCES 85Nazareth College 2,248New York Chiropractic College 611Roberts Wesleyan College 1,408Rochester Institute of Technology 8,665
St. Bernard’s School of Theology and Ministry
9St. John Fisher College 2,658SUNY Brockport 5,096SUNY Geneseo 2,247University of Rochester 3,849Total 41,378
Long Island
SCHOOLNumber of Students ReceivingFederally-SubsidizedStafford LoansAdelphi University4,602Suffolk at Patchogue3,172Nassau at Bethpage2,898Dowling College2,288Five Towns College688Farmingdale State College1,723Hofstra University5,776Long Island University, C.W. Post Campus10,154Molloy College2,585New York Institute of Technology4,529

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