The Importance of Understanding Financial Aid
Did you know financial aid and scholarship qualifications are based on distinct standards? Keep reading to learn more on how much aid and scholarships to expect from Cleveland Institute of Art.
How Much Financial Aid is Offered?
Cleveland Institute of Art's normal financial aid deal for newly arriving first year students is $30,952. Around 95.0% of new students get some money for college, the majority of which is in the form of scholarships and grants.
A financial aid package contains scholarships, grants, and student loans. However, student loans have to be paid back, so they aren't a genuine discount.
Student debt ought to be thought of as an "outcome" instead of "aid". Learn more about student loan debt at Cleveland Institute of Art.
How Much Aid Is Available in Grants & Scholarships?
The numbers below refer to aid that is supplied by Cleveland Institute of Art.
95.0% of freshmen (160 total) were offered scholarships at Cleveland Institute of Art, averaging $20,695 per student. This ranks in the top 20th percentile of all schools in the nation.
86 first year students were awarded a grant. A total of 51.0% of Cleveland Institute of Art first years obtained grants with an average of $4,933 a piece.
The chart below shows the average amount of grant and scholarship aid given to all freshmen.
Grants are normally based on need while scholarships are based on merit or ability.
Financial Aid per Family Income
The chart below displays scholarship and grant allocations by income for first year students getting any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.2% | $27,768 |
| Income 30k-48k | 16.7% | $26,269 |
| Income 48k-75k | 11.3% | $26,748 |
| Income 75k-110k | 11.3% | $22,710 |
| Income 110k + | 17.3% | $22,128 |
The table above shows undergrads who are getting Title IV aid which is federal aid from the government including loans, grants or work-study. Learn more.
The Average Undergrad Who Gets a Scholarship or Grant Gets $21,460
Of the 606 undergraduates at Cleveland Institute of Art around 94.0% (571 total) receive some sort of grant aid. The typical amount awarded was $21,460.
Financial Aid Links from Cleveland Institute of Art
| Financial Aid Department Website | www.cia.edu/admissions/financing-your-education |
| Net Price Calculator | www.cia.edu/admissions/tuition-fees/net-price-calculator |
