by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Discover the financial aid possibilities at American Musical and Dramatic Academy and learn what assistance you might qualify for by continuing to read.
$11,794.00 is the typical American Musical and Dramatic Academy’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at American Musical and Dramatic Academy.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (533 total) were given scholarships at American Musical and Dramatic Academy, averaging $8,436.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 78% of first years (415 total) were awarded federal grant aid, averaging $3,881.00 each.
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 | 19.32% | $20,677.00 |
| Income 30k-48k | 11.63% | $17,993.00 |
| Income 48k-75k | 14.82% | $10,270.00 |
| Income 75k-110k | 13.32% | $9,284.00 |
| Income 110k + | 18.76% | $3,550.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
533 American Musical and Dramatic Academy undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $11,794.00.
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.