Scholarships, Grants, and Loan Trends at New York Film Academy

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 854, which is 69.00 % of all undergraduate students. 316 students which is 24.56% of undergraduate students received federal student loans and the average loan amount is $8,623.
For full-time, first-time beginning students (freshmen), 69.67% of students received grants or scholarships and 38% 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 New York Film Academy since 2013.
For that period, the average number of students who received grants aid/scholarships is 854, which is 69.00 % of all undergraduate students. 316 students which is 24.56% of undergraduate students received federal student loans and the average loan amount is $8,623.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14547 (20%)$8,102292 (11%)$2,380378 (14%)$6,053
2014-151,344 (100%)$5,043337 (25%)$4,315430 (32%)$8,404
2015-16903 (61%)$10,132302 (20%)$5,379382 (26%)$9,693
2016-17879 (60%)$8,808205 (14%)$4,921249 (17%)$8,294
2017-18630 (58%)$11,342208 (19%)$4,976209 (19%)$7,541
2018-19892 (92%)$11,068256 (26%)$6,874352 (36%)$10,018
2019-201,026 (78%)$12,703344 (26%)$5,675410 (31%)$8,483
2020-21656 (68%)$13,569227 (24%)$5,957171 (18%)$10,560
2021-22810 (84%)$13,400215 (22%)$5,657267 (28%)$8,561
Average854 (69.00%)$10,463265 (20.78%)$5,126316 (24.56%)$8,623

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

For the last 10 years, on average, 155 (69.67 % of students) received grants or scholarships and its average amount is $11,495. It can cover 31.29% of tuition & fees ($36,738).
In addition, 86 (38.44 % of students) students get helped from the students loans (average amount : $10,854).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14224 (88%)$11,346190 (75%)$9,440
2014-15185 (73%)$11,495126 (50%)$8,837
2015-16120 (67%)$10,75369 (38%)$10,214
2016-1734 (19%)$6,45646 (26%)$9,663
2017-1885 (63%)$12,43131 (23%)$12,367
2018-19149 (66%)$11,32767 (30%)$10,306
2019-20242 (84%)$11,994101 (35%)$12,592
2020-21144 (76%)$13,11665 (34%)$12,973
2021-22212 (91%)$14,53682 (35%)$11,295
Average155 (69.67%)$11,49586 (38.44%)$10,854
*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, 58 (25.89 % of students) received Pell (federal) grants and its average amount is $5,956.
In addition, 4 students received State/local government grants/scholarships (1.83 % 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
2013-14140 (55%)$3,825----220 (86%)$9,118
2014-1588 (35%)$4,63223 (9%)$1,424--185 (73%)$9,114
2015-1646 (26%)$4,96023 (13%)$2,9453 (2%)$647120 (67%)$8,271
2016-1712 (7%)$4,9215 (3%)$2,7004 (2%)$2,00519 (11%)$7,312
2017-1822 (16%)$6,85713 (10%)$3,346--85 (63%)$10,145
2018-1947 (21%)$8,23424 (11%)$3,1413 (1%)$6,000141 (62%)$8,563
2019-2056 (20%)$8,05317 (6%)$4,2794 (1%)$3,944242 (84%)$9,764
2020-2159 (31%)$5,81862 (33%)$3,5855 (3%)$4,207144 (76%)$9,043
2021-2252 (22%)$6,30153 (23%)$10,8684 (2%)$5,127210 (90%)$10,274
Average58 (25.89%)$5,95628 (13.50%)$4,0364 (1.83%)$3,655152 (68.00%)$9,067
*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, 86 (38.44 % of students) get any students loan help and its average loan amount is $86.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14190 (75%)$9,440190 (75%)$5,82139 (15%)$17,631
2014-15126 (50%)$8,837126 (50%)$6,58019 (7%)$14,965
2015-1669 (38%)$10,21469 (38%)$7,62312 (7%)$14,898
2016-1746 (26%)$9,66346 (26%)$7,83016 (9%)$5,271
2017-1831 (23%)$12,36729 (22%)$6,6727 (5%)$27,127
2018-1967 (30%)$10,30663 (28%)$9,5704 (2%)$21,900
2019-20101 (35%)$12,59282 (29%)$7,97319 (7%)$32,531
2020-2165 (34%)$12,97363 (33%)$9,08810 (5%)$27,068
2021-2282 (35%)$11,29567 (29%)$7,68515 (6%)$27,420
Average86 (38.44%)$10,85482 (36.67%)$7,64916 (7.00%)$20,979
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