How TOA'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 Theatre of Arts since 2015.

For that period, the average number of students who received grants aid/scholarships is 25, which is 62.71 % of all undergraduate students. 18 students which is 47.86% of undergraduate students received federal student loans and the average loan amount is $8,517.

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
2015-16	8 (19%)	$2,957	3 (7%)	$1,320	1 (2%)	$9,500
2016-17	42 (89%)	$7,994	32 (68%)	$4,992	34 (72%)	$8,392
2017-18	35 (65%)	$7,919	30 (56%)	$4,989	22 (41%)	$8,446
2018-19	24 (69%)	$6,022	20 (57%)	$5,243	19 (54%)	$7,809
2019-20	24 (53%)	$5,755	20 (44%)	$4,576	15 (33%)	$9,100
2020-21	26 (96%)	$6,375	23 (85%)	$5,512	24 (89%)	$8,375
2021-22	13 (48%)	$7,325	12 (44%)	$5,978	12 (44%)	$8,000
Average	25 (62.71%)	$6,335	20 (51.57%)	$4,659	18 (47.86%)	$8,517

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

Overview

For the last 8 years, on average, 5 (76.00 % of students) received grants or scholarships and its average amount is $6,628. It can cover 30.21% of tuition & fees ($21,940).

In addition, 4 (68.40 % of students) students get helped from the students loans (average amount : $7,118).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	2 (33%)	$3,313	-	-
2016-17	7 (100%)	$7,106	6 (86%)	$8,167
2017-18	5 (100%)	$8,716	4 (80%)	$6,424
2018-19	2 (40%)	$7,245	2 (40%)	$5,332
2019-20	5 (83%)	$6,158	3 (50%)	$8,167
2020-21	7 (100%)	$7,227	6 (86%)	$7,500
2021-22	-	-	-	-
Average	5 (76.00%)	$6,628	4 (68.40%)	$7,118

^*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 8 years, on average, 4 (60.17 % of students) received Pell (federal) grants and its average amount is $4,429.

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
2015-16	1 (17%)	$626	-	-	-	-	2 (33%)	$3,000
2016-17	5 (71%)	$4,649	-	-	-	-	6 (86%)	$4,417
2017-18	4 (80%)	$4,845	3 (60%)	$400	-	-	5 (100%)	$4,600
2018-19	2 (40%)	$6,095	2 (40%)	$150	-	-	1 (20%)	$2,000
2019-20	4 (67%)	$4,823	2 (33%)	$2,000	-	-	2 (33%)	$3,750
2020-21	6 (86%)	$5,534	6 (86%)	$1,746	-	-	3 (43%)	$2,303
2021-22	-	-	-	-	-	-	-	-
Average	4 (60.17%)	$4,429	3 (54.75%)	$1,074	-	-	3 (52.50%)	$3,345

^*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 8 years, on average, 4 (68.40 % of students) get any students loan help and its average loan amount is $4.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	-	-	-	-	-	-
2016-17	6 (86%)	$8,167	6 (86%)	$8,167	-	-
2017-18	4 (80%)	$6,424	4 (80%)	$6,424	-	-
2018-19	2 (40%)	$5,332	2 (40%)	$5,332	-	-
2019-20	3 (50%)	$8,167	3 (50%)	$8,167	-	-
2020-21	6 (86%)	$7,500	6 (86%)	$7,500	-	-
2021-22	-	-	-	-	-	-
Average	4 (68.40%)	$7,118	4 (68.40%)	$7,118	-	-

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Scholarships, Grants, and Loan Trends at TOA

All Undergraduate Students Financial Aid Over Time

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