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.
What financial aid options does CIA offer, and what will you qualify for? Keep scrolling for answers.
Cleveland Institute of Art average financial aid offer for freshmen students is $24,348.00. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Cleveland Institute of Art you may end up taking on.
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.
In addition to scholarships, 47% of freshman students (73 total) obtained federal grant aid, averaging $5,012.00 a piece.
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 | 20.00% | $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 displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 155 undergraduate students at Cleveland Institute of Art around 100% (155 total) receive some form of grant aid. The typical amount awarded was $24,348.00.
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.