How School of the Art Institute of Chicago'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 School of the Art Institute of Chicago since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,548, which is 91.00 % of all undergraduate students. 1,104 students which is 39.67% of undergraduate students received federal student loans and the average loan amount is $7,732.

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	2,492 (94%)	$12,048	574 (22%)	$4,541	1,189 (45%)	$8,174
2014-15	2,554 (92%)	$12,435	524 (19%)	$4,573	1,155 (42%)	$8,152
2015-16	2,571 (90%)	$13,393	555 (20%)	$4,623	1,124 (40%)	$8,233
2016-17	2,536 (89%)	$14,408	545 (19%)	$4,639	1,104 (39%)	$8,086
2017-18	2,525 (87%)	$15,564	545 (19%)	$4,767	1,119 (39%)	$7,683
2018-19	2,560 (88%)	$16,383	554 (19%)	$4,950	1,113 (38%)	$7,314
2019-20	2,667 (89%)	$16,952	562 (19%)	$5,055	1,157 (39%)	$7,359
2020-21	2,237 (90%)	$17,331	455 (18%)	$5,036	947 (38%)	$7,274
2021-22	2,792 (100%)	$16,956	532 (19%)	$4,992	1,032 (37%)	$7,312
Average	2,548 (91.00%)	$15,052	538 (19.33%)	$4,797	1,104 (39.67%)	$7,732

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

Overview

For the last 10 years, on average, 549 (92.11 % of students) received grants or scholarships and its average amount is $16,468. It can cover 31.31% of tuition & fees ($52,604).

In addition, 248 (41.67 % of students) students get helped from the students loans (average amount : $9,927).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	568 (99%)	$11,967	237 (41%)	$9,911
2014-15	561 (93%)	$13,464	232 (38%)	$10,229
2015-16	484 (84%)	$16,691	230 (40%)	$9,607
2016-17	553 (88%)	$16,618	293 (47%)	$10,559
2017-18	588 (91%)	$16,495	292 (45%)	$8,843
2018-19	575 (91%)	$17,087	260 (41%)	$9,082
2019-20	559 (90%)	$17,406	225 (36%)	$9,177
2020-21	395 (93%)	$20,194	196 (46%)	$11,135
2021-22	662 (100%)	$18,290	270 (41%)	$10,796
Average	549 (92.11%)	$16,468	248 (41.67%)	$9,927

^*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, 114 (19.33 % of students) received Pell (federal) grants and its average amount is $4,725.

In addition, 34 students received State/local government grants/scholarships (5.67 % 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	102 (18%)	$4,509	13 (2%)	$5,203	33 (6%)	$4,687	568 (99%)	$10,766
2014-15	92 (15%)	$4,221	11 (2%)	$7,279	30 (5%)	$4,686	561 (93%)	$12,378
2015-16	124 (22%)	$5,116	9 (2%)	$6,080	36 (6%)	$4,563	483 (84%)	$14,959
2016-17	136 (22%)	$4,506	17 (3%)	$3,474	44 (7%)	$4,547	552 (88%)	$15,069
2017-18	131 (20%)	$4,674	24 (4%)	$3,040	40 (6%)	$4,541	588 (91%)	$15,021
2018-19	114 (18%)	$4,703	20 (3%)	$4,000	32 (5%)	$4,780	575 (91%)	$15,749
2019-20	98 (16%)	$4,981	8 (1%)	$4,000	26 (4%)	$5,251	559 (90%)	$16,231
2020-21	97 (23%)	$4,779	7 (2%)	$4,000	29 (7%)	$5,303	395 (93%)	$18,561
2021-22	132 (20%)	$5,034	6 (1%)	$4,000	34 (5%)	$5,291	646 (98%)	$17,399
Average	114 (19.33%)	$4,725	13 (2.22%)	$4,564	34 (5.67%)	$4,850	547 (91.89%)	$15,126

^*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, 248 (41.67 % of students) get any students loan help and its average loan amount is $248.

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	237 (41%)	$9,911	234 (41%)	$6,377	36 (6%)	$23,794
2014-15	232 (38%)	$10,229	229 (38%)	$6,184	35 (6%)	$27,339
2015-16	230 (40%)	$9,607	226 (39%)	$6,234	36 (6%)	$22,247
2016-17	293 (47%)	$10,559	287 (46%)	$6,398	47 (7%)	$26,759
2017-18	292 (45%)	$8,843	289 (45%)	$6,270	33 (5%)	$23,331
2018-19	260 (41%)	$9,082	257 (41%)	$5,591	37 (6%)	$24,989
2019-20	225 (36%)	$9,177	222 (36%)	$5,519	25 (4%)	$33,586
2020-21	196 (46%)	$11,135	194 (45%)	$5,504	34 (8%)	$32,788
2021-22	270 (41%)	$10,796	265 (40%)	$5,567	46 (7%)	$31,297
Average	248 (41.67%)	$9,927	245 (41.22%)	$5,960	37 (6.11%)	$27,348

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Scholarships, Grants, and Loan Trends at School of the Art Institute of Chicago

All Undergraduate Students Financial Aid Over Time

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