by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
What amount of AAC financial assistance will actually be available to you?Get answers to your questions here.
Art Academy of Cincinnati average financial aid offer for freshmen students is $19,378.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of 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 should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Art Academy of Cincinnati.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Art Academy of Cincinnati.
100% of new students (75 total) were offered scholarships at Art Academy of Cincinnati, averaging $15,642.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 72% of first-year students (54 total) got federal grant aid, averaging $3,739.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.33% | $22,399.00 |
| Income 30k-48k | 17.33% | $21,583.00 |
| Income 48k-75k | 10.67% | $18,841.00 |
| Income 75k-110k | 13.33% | $18,700.00 |
| Income 110k + | 16.00% | $16,844.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 75 undergraduate students at Art Academy of Cincinnati around 100% (75 total) receive some form of grant aid. The typical amount awarded was $19,378.00.
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.