by our College Data Analytics TeamMany students attending Ringling College of Art and Design can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What amount of Ringling College financial assistance will actually be available to you?Get answers to your questions here.
$15,919.00 is the typical Ringling College of Art and Design’s first year financial aid package. Approximately 97% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Ringling College of Art and Design 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.
95% of new students (419 total) were given scholarships at Ringling College of Art and Design, averaging $12,839.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 36% of freshmen (158 total) obtained a federal grant, for about $4,361.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.59% | $22,059.00 |
| Income 30k-48k | 8.18% | $22,034.00 |
| Income 48k-75k | 5.68% | $18,035.00 |
| Income 75k-110k | 10.00% | $14,887.00 |
| Income 110k + | 22.27% | $13,833.00 |
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 440 undergraduate students at Ringling College of Art and Design around 97% (423 total) receive some form of grant aid. The typical amount awarded was $15,919.00.
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.