by our College Data Analytics TeamFinancial 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.
Uncover the various financial aid options provided by American Academy of Dramatic Arts - New York and determine which ones you may be eligible for by continuing your exploration.
American Academy of Dramatic Arts - New York average financial aid offer for freshmen students is $7,384.00. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from American Academy of Dramatic Arts - New York you may end up taking on.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of first-year students (117 total) were offered scholarships at American Academy of Dramatic Arts - New York, averaging $5,352.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 32% of first-year students (38 total) got a federal grant, for about $5,838.00 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 | 15.38% | $12,330.00 |
| Income 30k-48k | 6.84% | $8,500.00 |
| Income 48k-75k | 4.27% | $7,500.00 |
| Income 75k-110k | 4.27% | $6,300.00 |
| Income 110k + | 46.15% | $4,334.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 117 undergraduate students at American Academy of Dramatic Arts - New York around 100% (117 total) receive some form of grant aid. The typical amount awarded was $7,384.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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