by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Otis College of Art and Design can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Otis College of Art and Design provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Otis College of Art and Design.
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.
Looking at the entering class at Otis College of Art and Design, 99% of first-time, full-time freshmen received some form of financial aid approximately 233 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $21,803 |
| Institutional grants & scholarships | 99% | $17,295 |
| Federal Pell grants | 37% | $5,843 |
| State/local grants | 27% | $7,917 |
| Federal student loans | 48% | $5,028 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Otis College of Art and Design, roughly 97% of the undergraduate population received grant aid that averaged $24,682 (covering around 1206 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $24,682 |
| Federal Pell grants | 34% | $5,914 |
| Federal student loans | 44% | $6,927 |
For students living on campus and receiving title-IV aid, grants averaged $24,613.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $40,102 |
| $30,001 – $75,000 | $41,749 |
| Over $75,000 | $50,802 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $51,248 |
| Off-campus title-IV students | $45,864 |
To get a personalized net price estimate, try Otis College of Art and Design’s NPC: www.otis.edu/otis-net-price-calculator.
The median student at Otis College of Art and Design graduates with $20,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/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. The percentiles below describe the cumulative federal debt distribution for borrowers at Otis College of Art and Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,116 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $40,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $19,500 |
| High income | $19,399 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,014 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $25,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Otis College of Art and Design.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Otis College of Art and Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4061 |
| Total Stafford loan amount | $93,879,304 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $742,599 |
| Average GI Bill amount per recipient | $37,130 |
References
More about our data sources and methodologies.