by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from SCAD.
Savannah College of Art and Design average financial aid offer for freshmen students is $12,624.00. About 98% of first year students receive financial aid, most of which is in the form of loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Savannah College of Art and Design.
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 Savannah College of Art and Design.
97% of new students (2456 total) were offered scholarships at Savannah College of Art and Design, averaging $11,027.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 28% of freshmen (702 total) received a federal grant, for about $4,309.00 a person.
Amount of Financial Assistance Per Income Level
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.15% | $17,533.00 |
| Income 30k-48k | 5.74% | $16,960.00 |
| Income 48k-75k | 7.13% | $13,736.00 |
| Income 75k-110k | 7.69% | $13,139.00 |
| Income 110k + | 20.21% | $11,357.00 |
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 2524 undergraduate students at Savannah College of Art and Design around 98% (2468 total) receive some form of grant aid. The typical amount awarded was $12,624.00.
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.