$5,283

Avg. Federal Grant

$5,915

Avg. Federal Loan

$24,626,701

Total Aid Awarded

School of Visual Arts Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$24.627M

Financial Aid Official Website

www.sva.edu/students/financial-aid

It is interesting to note that, every year, around 62% of students at SVA receive some kind of financial aid, while the total amount of assistance/loans provided is $8,446,020. The total percentage of candidates applying to School of Visual Arts who receive the Federal Grant is 18%. Meanwhile, 58% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 18% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,630, the State Grant receivers and Institution Grant beneficiaries get $3,880 and $14,511, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,968. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 School of Visual Arts, the percentage of candidates who opt to avail of student loans is around 32%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

10%

Institution Grant Aid

46%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,283

State Grant Aid

$2,924

Institution Grant Aid

$12,314

Pell Grant

$4,794

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,266

$30,001 - $48,000

$18,838

$48,001 - $75,000

$13,095

$75,001 - $110,000

$11,637

Over $110,000

$8,727

Student Loans for School of Visual Arts

Average Loan Amount Average Loan Amount received per year.

$11,548/Year

Students Taking Out Loans

36%

Loan Default Rate

4.2%

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