by our College Data Analytics TeamThe total cost of attendance at Academy of Art University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by Academy of Art University and determine which ones you may be eligible for by continuing your exploration.
$8,628.00 is the typical Academy of Art University’s first year financial aid package. Financial aid is provided to about 73% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Academy of Art University.
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 following numbers apply to scholarships and grants largely offered by the school itself.
49% of new students (217 total) were offered scholarships at Academy of Art University, averaging $6,059.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 43% of first-year students (189 total) got a federal grant, for about $4,493.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.50% | $10,492.00 |
| Income 30k-48k | 7.29% | $11,001.00 |
| Income 48k-75k | 7.74% | $9,281.00 |
| Income 75k-110k | 5.47% | $2,993.00 |
| Income 110k + | 7.74% | $3,294.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
73% of the 439 undergraduates at Academy of Art University receive some sort of grant aid. This is a total of about 283 students getting an average of $8,628.00 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.