by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from CIA.
Cleveland Institute of Art average financial aid offer for freshmen students is $24,348.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Cleveland Institute of Art.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by Cleveland Institute of Art.
100% of incoming freshmen (155 total) were awarded scholarships at Cleveland Institute of Art, averaging $21,139.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 47% of first-year students (73 total) got a federal grant, for about $5,012.00 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 | 20.00% | $28,317.00 |
| Income 30k-48k | 14.19% | $27,425.00 |
| Income 48k-75k | 16.77% | $26,626.00 |
| Income 75k-110k | 12.26% | $22,344.00 |
| Income 110k + | 26.45% | $18,276.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 155 undergraduates at Cleveland Institute of Art receive some sort of grant aid. This is a total of about 155 students getting an average of $24,348.00 per person.
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.
