Undergraduate Net Price Unknown
We wanted to talk about the net price for all undergraduates (not just freshmen) but that information was not available for Academy of Art University.
Breakdown of College Costs for Freshmen
Grant and scholarship aid was given to 39% of freshman students. The average amount awarded was $7,023. When subtracted from the total cost to attend Academy of Art University and live on campus, the average annual net price for freshmen receiving aid was $33,181.
Academy of Art University Sticker Price Vs. Net Price
Full Sticker Price
This is what they advertise that you will pay in this senario.
Aid (Grants and Scholarships)
Money given to you to offset the cost of college.
Expected Net Price
This is what you can expect to pay (or pay back).
Money you borrow to cover the cost of college. You will have to repay this eventually.
Out of Pocket
Money you need to come up with each year to attend college.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
|Net Price by Aid Group||On Campus||Off Campus||At Home|
|667 Total Freshmen|
|405 (61%) did not receive any grants or scholarships.||$40,204||$38,354||$26,384|
|262 (39%) split a total of $1,840,026 for an average of $7,023 each||$33,181||$31,331||$19,361|
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
How Much Are You Going To Pay? It Depends on How Much You Have
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
The table below shows the average net price freshmen paid based on income level. Note that if the school offers in-state tuition, the lower in-state tuition has been used in the calculation.
|Net Price by Family Income Level||Net Price|
The above table only includes the calculated net price for students that received some form of Title IV aid.
Net Price for Freshmen Receiving Aid is Actually Going Up
Over a period of four years the average net price paid by all freshmen at Academy of Art University has increased by an average of 3.1% per year.
Receiving Financial Aid? Good, Because You're Going to Need It.
An overall best case average net price of $33,181 puts Academy of Art University well above the national average of $21,700.