How American Academy of Art's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at American Academy of Art College since 2013.

For that period, the average number of students who received grants aid/scholarships is 189, which is 70.22 % of all undergraduate students. 223 students which is 82.78% of undergraduate students received federal student loans and the average loan amount is $7,863.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	362 (89%)	$4,422	217 (53%)	$3,951	340 (84%)	$8,540
2014-15	217 (59%)	$6,397	202 (55%)	$3,822	312 (85%)	$8,109
2015-16	188 (59%)	$5,732	176 (56%)	$3,821	269 (85%)	$7,666
2016-17	191 (64%)	$6,715	169 (57%)	$3,710	251 (85%)	$7,505
2017-18	181 (70%)	$7,404	151 (58%)	$3,818	223 (86%)	$7,478
2018-19	170 (70%)	$8,621	144 (60%)	$3,978	192 (79%)	$7,750
2019-20	197 (96%)	$7,130	113 (55%)	$3,944	163 (80%)	$7,946
2020-21	102 (60%)	$9,705	86 (51%)	$4,015	136 (80%)	$7,610
2021-22	94 (65%)	$8,651	84 (58%)	$4,200	118 (81%)	$8,164
Average	189 (70.22%)	$7,197	149 (55.89%)	$3,918	223 (82.78%)	$7,863

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 34 (72.33 % of students) received grants or scholarships and its average amount is $11,925. It can cover 30.18% of tuition & fees ($39,510).

In addition, 40 (82.78 % of students) students get helped from the students loans (average amount : $9,734).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	50 (67%)	$8,484	67 (89%)	$9,957
2014-15	37 (54%)	$8,532	59 (86%)	$9,312
2015-16	34 (58%)	$9,555	50 (85%)	$9,734
2016-17	45 (80%)	$10,989	45 (80%)	$10,736
2017-18	32 (80%)	$11,711	36 (90%)	$7,683
2018-19	40 (82%)	$15,078	40 (82%)	$7,654
2019-20	37 (95%)	$13,280	29 (74%)	$9,065
2020-21	18 (67%)	$19,206	19 (70%)	$8,985
2021-22	13 (68%)	$10,487	17 (89%)	$14,483
Average	34 (72.33%)	$11,925	40 (82.78%)	$9,734

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 26 (54.89 % of students) received Pell (federal) grants and its average amount is $4,489.

In addition, 21 students received State/local government grants/scholarships (45.22 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	39 (52%)	$5,064	29 (39%)	$444	29 (39%)	$4,190	8 (11%)	$11,544
2014-15	34 (49%)	$4,211	14 (20%)	$327	25 (36%)	$4,035	4 (6%)	$16,763
2015-16	30 (51%)	$4,457	17 (29%)	$322	21 (36%)	$4,075	8 (14%)	$12,513
2016-17	36 (64%)	$4,309	22 (39%)	$250	33 (59%)	$4,100	16 (29%)	$12,409
2017-18	25 (63%)	$4,488	19 (48%)	$494	16 (40%)	$3,621	13 (33%)	$15,018
2018-19	28 (57%)	$4,770	22 (45%)	$346	26 (53%)	$4,132	22 (45%)	$16,114
2019-20	21 (54%)	$4,179	34 (87%)	$983	19 (49%)	$4,562	17 (44%)	$16,676
2020-21	11 (41%)	$4,622	11 (41%)	$623	10 (37%)	$4,441	15 (56%)	$16,240
2021-22	12 (63%)	$4,302	12 (63%)	$292	11 (58%)	$3,965	3 (16%)	$12,533
Average	26 (54.89%)	$4,489	20 (45.67%)	$453	21 (45.22%)	$4,125	12 (28.22%)	$14,423

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 40 (82.78 % of students) get any students loan help and its average loan amount is $40.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	67 (89%)	$9,957	59 (79%)	$7,053	14 (19%)	$17,929
2014-15	59 (86%)	$9,312	59 (86%)	$6,204	12 (17%)	$15,279
2015-16	50 (85%)	$9,734	50 (85%)	$5,785	11 (19%)	$17,951
2016-17	45 (80%)	$10,736	45 (80%)	$5,792	9 (16%)	$24,721
2017-18	36 (90%)	$7,683	36 (90%)	$5,761	4 (10%)	$17,294
2018-19	40 (82%)	$7,654	34 (69%)	$6,136	6 (12%)	$16,256
2019-20	29 (74%)	$9,065	29 (74%)	$5,606	10 (26%)	$10,030
2020-21	19 (70%)	$8,985	19 (70%)	$6,159	4 (15%)	$13,425
2021-22	17 (89%)	$14,483	17 (89%)	$5,905	7 (37%)	$20,832
Average	40 (82.78%)	$9,734	39 (80.22%)	$6,045	9 (19.00%)	$17,080

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Scholarships, Grants, and Loan Trends at American Academy of Art

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time