Scholarships, Grants, and Loan Trends at Cleveland Institute of Music

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 229, which is 99.44 % of all undergraduate students. 96 students which is 41.78% of undergraduate students received federal student loans and the average loan amount is $7,221.
For full-time, first-time beginning students (freshmen), 99.56% of students received grants or scholarships and 48% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Cleveland Institute of Music since 2013.
For that period, the average number of students who received grants aid/scholarships is 229, which is 99.44 % of all undergraduate students. 96 students which is 41.78% of undergraduate students received federal student loans and the average loan amount is $7,221.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14234 (98%)$24,67638 (16%)$4,078104 (44%)$7,924
2014-15240 (100%)$24,56635 (15%)$3,89699 (41%)$7,908
2015-16239 (100%)$28,01838 (16%)$4,53798 (41%)$8,007
2016-17234 (100%)$27,72934 (14%)$4,73390 (38%)$8,430
2017-18222 (100%)$28,03732 (14%)$4,46093 (42%)$7,701
2018-19231 (100%)$28,11730 (13%)$5,450100 (43%)$6,314
2019-20227 (99%)$27,03032 (14%)$4,81196 (42%)$6,246
2020-21219 (99%)$26,09633 (15%)$4,88595 (43%)$6,060
2021-22212 (99%)$25,68432 (15%)$5,67390 (42%)$6,401
Average229 (99.44%)$26,66134 (14.67%)$4,72596 (41.78%)$7,221

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

For the last 10 years, on average, 56 (99.56 % of students) received grants or scholarships and its average amount is $26,847. It can cover 63.17% of tuition & fees ($42,500).
In addition, 27 (48.11 % of students) students get helped from the students loans (average amount : $7,466).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1457 (100%)$27,15225 (44%)$7,057
2014-1555 (100%)$25,91124 (44%)$7,539
2015-1664 (100%)$29,28430 (47%)$7,824
2016-1758 (100%)$27,32432 (55%)$8,332
2017-1859 (100%)$30,01129 (49%)$9,491
2018-1961 (98%)$25,38036 (58%)$6,449
2019-2054 (100%)$23,65928 (52%)$6,778
2020-2153 (98%)$24,33324 (44%)$8,401
2021-2245 (100%)$28,57118 (40%)$5,323
Average56 (99.56%)$26,84727 (48.11%)$7,466
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 9 (15.22 % of students) received Pell (federal) grants and its average amount is $4,608.
In addition, 2 students received State/local government grants/scholarships (3.33 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1412 (21%)$3,44612 (21%)$9381 (2%)$55657 (100%)$26,219
2014-154 (7%)$3,8934 (7%)$8752 (4%)$4,78155 (100%)$25,391
2015-1610 (16%)$4,88010 (16%)$900--64 (100%)$28,380
2016-1710 (17%)$4,41510 (17%)$975--58 (100%)$26,395
2017-186 (10%)$4,2206 (10%)$750--59 (100%)$29,505
2018-1910 (16%)$5,64010 (16%)$1,434--61 (98%)$24,220
2019-207 (13%)$4,6027 (13%)$1,3932 (4%)$1,41654 (100%)$22,830
2020-2110 (19%)$4,43010 (19%)$1,250--53 (98%)$23,261
2021-228 (18%)$5,9498 (18%)$1,219--45 (100%)$27,297
Average9 (15.22%)$4,6089 (15.22%)$1,0822 (3.33%)$2,25156 (99.56%)$25,944
*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..
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, 27 (48.11 % of students) get any students loan help and its average loan amount is $27.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1425 (44%)$7,05722 (39%)$6,9004 (7%)$6,158
2014-1524 (44%)$7,53922 (40%)$6,4792 (4%)$19,200
2015-1630 (47%)$7,82425 (39%)$8,2496 (9%)$4,750
2016-1732 (55%)$8,33230 (52%)$7,7004 (7%)$8,908
2017-1829 (49%)$9,49129 (49%)$6,7273 (5%)$26,726
2018-1936 (58%)$6,44936 (58%)$5,4242 (3%)$18,450
2019-2028 (52%)$6,77828 (52%)$5,4642 (4%)$18,386
2020-2124 (44%)$8,40124 (44%)$5,0004 (7%)$20,407
2021-2218 (40%)$5,32318 (40%)$5,323--
Average27 (48.11%)$7,46626 (45.89%)$6,3633 (5.75%)$15,373
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