How CRAS'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 Conservatory of Recording Arts and Sciences since 2013.

For that period, the average number of students who received grants aid/scholarships is 511, which is 53.67 % of all undergraduate students. 549 students which is 57.22% of undergraduate students received federal student loans and the average loan amount is $7,339.

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	667 (60%)	$6,197	625 (57%)	$4,444	886 (80%)	$7,888
2014-15	669 (65%)	$6,423	618 (60%)	$4,583	835 (81%)	$7,899
2015-16	630 (63%)	$6,456	580 (58%)	$4,634	807 (80%)	$7,746
2016-17	524 (59%)	$5,300	303 (34%)	$4,611	406 (46%)	$7,585
2017-18	484 (58%)	$5,462	320 (38%)	$4,525	456 (55%)	$5,570
2018-19	198 (23%)	$5,398	189 (22%)	$5,222	318 (38%)	$7,009
2019-20	341 (37%)	$7,192	223 (25%)	$5,133	322 (35%)	$6,500
2020-21	390 (43%)	$5,709	349 (39%)	$3,647	497 (55%)	$7,750
2021-22	698 (75%)	$3,425	317 (34%)	$3,695	418 (45%)	$8,101
Average	511 (53.67%)	$5,729	392 (40.78%)	$4,499	549 (57.22%)	$7,339

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

Overview

For the last 10 years, on average, 183 (60.56 % of students) received grants or scholarships and its average amount is $4,487. It can cover 21.82% of tuition & fees ($20,559).

In addition, 215 (74.22 % of students) students get helped from the students loans (average amount : $8,333).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	149 (55%)	$5,062	217 (79%)	$8,628
2014-15	182 (69%)	$4,651	228 (86%)	$8,570
2015-16	153 (62%)	$4,923	200 (81%)	$7,946
2016-17	130 (65%)	$4,386	159 (80%)	$8,125
2017-18	104 (56%)	$4,713	139 (75%)	$6,228
2018-19	108 (41%)	$5,544	187 (71%)	$7,760
2019-20	170 (51%)	$4,626	203 (61%)	$8,605
2020-21	280 (65%)	$3,397	312 (72%)	$9,113
2021-22	370 (81%)	$3,079	287 (63%)	$10,026
Average	183 (60.56%)	$4,487	215 (74.22%)	$8,333

^*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, 157 (53.89 % of students) received Pell (federal) grants and its average amount is $4,620.

In addition, 8 students received State/local government grants/scholarships (3.00 % 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	149 (55%)	$4,743	107 (39%)	$146	14 (5%)	$1,903	106 (39%)	$49
2014-15	182 (69%)	$4,474	134 (51%)	$147	12 (5%)	$483	134 (51%)	$49
2015-16	152 (62%)	$4,739	110 (45%)	$149	11 (4%)	$1,007	110 (45%)	$50
2016-17	110 (55%)	$4,994	88 (44%)	$157	8 (4%)	$111	113 (57%)	$54
2017-18	104 (56%)	$4,517	78 (42%)	$188	5 (3%)	$172	78 (42%)	$61
2018-19	108 (41%)	$5,301	107 (41%)	$178	5 (2%)	$164	107 (41%)	$59
2019-20	149 (44%)	$5,045	146 (44%)	$173	6 (2%)	$182	146 (44%)	$58
2020-21	239 (55%)	$3,795	245 (57%)	$172	4 (1%)	$530	-	-
2021-22	222 (48%)	$3,974	331 (72%)	$732	4 (1%)	$3,698	-	-
Average	157 (53.89%)	$4,620	150 (48.33%)	$227	8 (3.00%)	$917	113 (45.57%)	$54

^*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, 215 (74.22 % of students) get any students loan help and its average loan amount is $215.

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	217 (79%)	$8,628	217 (79%)	$7,821	14 (5%)	$12,501
2014-15	228 (86%)	$8,570	225 (85%)	$7,774	20 (8%)	$10,250
2015-16	200 (81%)	$7,946	199 (81%)	$7,381	11 (4%)	$10,940
2016-17	159 (80%)	$8,125	151 (76%)	$7,615	15 (8%)	$9,463
2017-18	139 (75%)	$6,228	139 (75%)	$5,429	11 (6%)	$10,094
2018-19	187 (71%)	$7,760	187 (71%)	$6,764	21 (8%)	$8,870
2019-20	203 (61%)	$8,605	195 (58%)	$6,504	48 (14%)	$9,968
2020-21	312 (72%)	$9,113	312 (72%)	$8,320	22 (5%)	$11,247
2021-22	287 (63%)	$10,026	286 (62%)	$8,607	30 (7%)	$13,856
Average	215 (74.22%)	$8,333	212 (73.22%)	$7,357	21 (7.22%)	$10,799

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Scholarships, Grants, and Loan Trends at CRAS

All Undergraduate Students Financial Aid Over Time

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