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.
Curious about the financial aid opportunities at Cornish College of the Arts and what you may be eligible for? Explore the answers here.
Cornish College of the Arts average financial aid offer for freshmen students is $11,061.00. A significant 98% of freshmen benefit from financial aid, with the main type being 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 Cornish College of the Arts.
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 stats below refer to aid that is provided by Cornish College of the Arts.
97% of incoming freshmen (128 total) were given scholarships at Cornish College of the Arts, averaging $7,691.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 87% of freshmen (115 total) obtained a federal grant, for about $2,339.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.88% | $16,987.00 |
| Income 30k-48k | 12.12% | $17,462.00 |
| Income 48k-75k | 11.36% | $12,601.00 |
| Income 75k-110k | 19.70% | $8,651.00 |
| Income 110k + | 28.03% | $8,013.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
130 Cornish College of the Arts undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $11,061.00.
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.