by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to American Academy of Dramatic Arts-New York can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can American Academy of Dramatic Arts - New York provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at American Academy of Dramatic Arts-New York.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at American Academy of Dramatic Arts-New York, 100% of entering full-time freshmen got some type of financial assistance (about 105 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,147 |
| Institutional grants & scholarships | 100% | $10,754 |
| Federal Pell grants | 27% | $4,669 |
| State/local grants | 2% | $2,793 |
| Federal student loans | 50% | $5,827 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 100% of undergraduates were awarded grant or scholarship aid averaging $12,670 (across approximately 225 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,670 |
| Federal Pell grants | 29% | $5,409 |
| Federal student loans | 51% | $6,499 |
For on-campus title-IV students, average grant aid came to $7,001.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $49,819 |
| $30,001 – $75,000 | $53,591 |
| Over $75,000 | $57,925 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $55,553 |
| Off-campus title-IV students | $54,625 |
For a customized cost estimate, visit American Academy of Dramatic Arts - New York’s online cost calculator: www.aada.edu/admissions/calculator.html.
The median student at American Academy of Dramatic Arts - New York graduates with $12,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at American Academy of Dramatic Arts - New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $5,500 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,000 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $20,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. American Academy of Dramatic Arts - New York.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at American Academy of Dramatic Arts - New York:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2886 |
| Total Stafford loan amount | $34,661,136 |
References
More about our data sources and methodologies.