Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 189, which is 70.22 % of all undergraduate students. 223 students which is 82.78% of undergraduate students received federal student loans and the average loan amount is $7,863.

For full-time, first-time beginning students (freshmen), 72.33% of students received grants or scholarships and 83% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at American Academy of Art College since 2013.

For that period, the average number of students who received grants aid/scholarships is 189, which is 70.22 % of all undergraduate students. 223 students which is 82.78% of undergraduate students received federal student loans and the average loan amount is $7,863.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14362 (89%)$4,422217 (53%)$3,951340 (84%)$8,540
2014-15217 (59%)$6,397202 (55%)$3,822312 (85%)$8,109
2015-16188 (59%)$5,732176 (56%)$3,821269 (85%)$7,666
2016-17191 (64%)$6,715169 (57%)$3,710251 (85%)$7,505
2017-18181 (70%)$7,404151 (58%)$3,818223 (86%)$7,478
2018-19170 (70%)$8,621144 (60%)$3,978192 (79%)$7,750
2019-20197 (96%)$7,130113 (55%)$3,944163 (80%)$7,946
2020-21102 (60%)$9,70586 (51%)$4,015136 (80%)$7,610
2021-2294 (65%)$8,65184 (58%)$4,200118 (81%)$8,164
Average189 (70.22%)$7,197149 (55.89%)$3,918223 (82.78%)$7,863
*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.

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

For the last 10 years, on average, 34 (72.33 % of students) received grants or scholarships and its average amount is $11,925. It can cover 30.18% of tuition & fees ($39,510).

In addition, 40 (82.78 % of students) students get helped from the students loans (average amount : $9,734).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1450 (67%)$8,48467 (89%)$9,957
2014-1537 (54%)$8,53259 (86%)$9,312
2015-1634 (58%)$9,55550 (85%)$9,734
2016-1745 (80%)$10,98945 (80%)$10,736
2017-1832 (80%)$11,71136 (90%)$7,683
2018-1940 (82%)$15,07840 (82%)$7,654
2019-2037 (95%)$13,28029 (74%)$9,065
2020-2118 (67%)$19,20619 (70%)$8,985
2021-2213 (68%)$10,48717 (89%)$14,483
Average34 (72.33%)$11,92540 (82.78%)$9,734
*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, 26 (54.89 % of students) received Pell (federal) grants and its average amount is $4,489.

In addition, 21 students received State/local government grants/scholarships (45.22 % 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
2013-1439 (52%)$5,06429 (39%)$44429 (39%)$4,1908 (11%)$11,544
2014-1534 (49%)$4,21114 (20%)$32725 (36%)$4,0354 (6%)$16,763
2015-1630 (51%)$4,45717 (29%)$32221 (36%)$4,0758 (14%)$12,513
2016-1736 (64%)$4,30922 (39%)$25033 (59%)$4,10016 (29%)$12,409
2017-1825 (63%)$4,48819 (48%)$49416 (40%)$3,62113 (33%)$15,018
2018-1928 (57%)$4,77022 (45%)$34626 (53%)$4,13222 (45%)$16,114
2019-2021 (54%)$4,17934 (87%)$98319 (49%)$4,56217 (44%)$16,676
2020-2111 (41%)$4,62211 (41%)$62310 (37%)$4,44115 (56%)$16,240
2021-2212 (63%)$4,30212 (63%)$29211 (58%)$3,9653 (16%)$12,533
Average26 (54.89%)$4,48920 (45.67%)$45321 (45.22%)$4,12512 (28.22%)$14,423
*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, 40 (82.78 % of students) get any students loan help and its average loan amount is $40.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1467 (89%)$9,95759 (79%)$7,05314 (19%)$17,929
2014-1559 (86%)$9,31259 (86%)$6,20412 (17%)$15,279
2015-1650 (85%)$9,73450 (85%)$5,78511 (19%)$17,951
2016-1745 (80%)$10,73645 (80%)$5,7929 (16%)$24,721
2017-1836 (90%)$7,68336 (90%)$5,7614 (10%)$17,294
2018-1940 (82%)$7,65434 (69%)$6,1366 (12%)$16,256
2019-2029 (74%)$9,06529 (74%)$5,60610 (26%)$10,030
2020-2119 (70%)$8,98519 (70%)$6,1594 (15%)$13,425
2021-2217 (89%)$14,48317 (89%)$5,9057 (37%)$20,832
Average40 (82.78%)$9,73439 (80.22%)$6,0459 (19.00%)$17,080

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