$4,804

Avg. Federal Grant

$5,858

Avg. Federal Loan

$37,769,374

Total Aid Awarded

The University of the Arts Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$37.769M

Financial Aid Official Website

https://www.uarts.edu/admissions/undergraduate-financial-aid

Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant. It is interesting to note that almost every student at TUA receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,059,237. The total percentage of candidates applying to The University of the Arts who receive the Federal Grant is 34%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 34% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,996, while the same comes to $3,457 for State Grant receivers and $22,224 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,778. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At The University of the Arts, the percentage of candidates who opt to avail of student loans is around 100%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

18%

Institution Grant Aid

93%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,804

State Grant Aid

$3,493

Institution Grant Aid

$23,885

Pell Grant

$4,635

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,335

$30,001 - $48,000

$27,094

$48,001 - $75,000

$23,560

$75,001 - $110,000

$25,534

Over $110,000

$23,166

Student Loans for The University of the Arts

Average Loan Amount Average Loan Amount received per year.

$10,594/Year

Students Taking Out Loans

92%

Loan Default Rate

8.2%

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