How Cleveland Institute of Music'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 Cleveland Institute of Music since 2011.

For that period, the average number of students who received grants aid/scholarships is 231, which is 99.09 % of all undergraduate students. 101 students which is 43.27% of undergraduate students received federal student loans and the average loan amount is $7,269.

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
2011-12	237 (97%)	$22,219	45 (18%)	$4,349	121 (49%)	$7,425
2012-13	245 (98%)	$28,052	38 (15%)	$4,539	128 (51%)	$7,541
2013-14	234 (98%)	$24,676	38 (16%)	$4,078	104 (44%)	$7,924
2014-15	240 (100%)	$24,566	35 (15%)	$3,896	99 (41%)	$7,908
2015-16	239 (100%)	$28,018	38 (16%)	$4,537	98 (41%)	$8,007
2016-17	234 (100%)	$27,729	34 (14%)	$4,733	90 (38%)	$8,430
2017-18	222 (100%)	$28,037	32 (14%)	$4,460	93 (42%)	$7,701
2018-19	231 (100%)	$28,117	30 (13%)	$5,450	100 (43%)	$6,314
2019-20	227 (99%)	$27,030	32 (14%)	$4,811	96 (42%)	$6,246
2020-21	219 (99%)	$26,096	33 (15%)	$4,885	95 (43%)	$6,060
2021-22	212 (99%)	$25,684	32 (15%)	$5,673	90 (42%)	$6,401
Average	231 (99.09%)	$26,384	35 (15.00%)	$4,674	101 (43.27%)	$7,269

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

For the last 12 years, on average, 56 (99.27 % of students) received grants or scholarships and its average amount is $26,252. It can cover 61.77% of tuition & fees ($42,500).

In addition, 28 (49.36 % of students) students get helped from the students loans (average amount : $7,395).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	54 (98%)	$21,713	30 (55%)	$7,250
2012-13	55 (98%)	$25,436	31 (55%)	$6,901
2013-14	57 (100%)	$27,152	25 (44%)	$7,057
2014-15	55 (100%)	$25,911	24 (44%)	$7,539
2015-16	64 (100%)	$29,284	30 (47%)	$7,824
2016-17	58 (100%)	$27,324	32 (55%)	$8,332
2017-18	59 (100%)	$30,011	29 (49%)	$9,491
2018-19	61 (98%)	$25,380	36 (58%)	$6,449
2019-20	54 (100%)	$23,659	28 (52%)	$6,778
2020-21	53 (98%)	$24,333	24 (44%)	$8,401
2021-22	45 (100%)	$28,571	18 (40%)	$5,323
Average	56 (99.27%)	$26,252	28 (49.36%)	$7,395

^*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 12 years, on average, 9 (15.91 % of students) received Pell (federal) grants and its average amount is $4,521.

In addition, 2 students received State/local government grants/scholarships (3.50 % 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
2011-12	12 (22%)	$5,179	13 (24%)	$1,038	2 (4%)	$554	54 (98%)	$20,292
2012-13	9 (16%)	$3,072	8 (14%)	$844	-	-	55 (98%)	$24,811
2013-14	12 (21%)	$3,446	12 (21%)	$938	1 (2%)	$556	57 (100%)	$26,219
2014-15	4 (7%)	$3,893	4 (7%)	$875	2 (4%)	$4,781	55 (100%)	$25,391
2015-16	10 (16%)	$4,880	10 (16%)	$900	-	-	64 (100%)	$28,380
2016-17	10 (17%)	$4,415	10 (17%)	$975	-	-	58 (100%)	$26,395
2017-18	6 (10%)	$4,220	6 (10%)	$750	-	-	59 (100%)	$29,505
2018-19	10 (16%)	$5,640	10 (16%)	$1,434	-	-	61 (98%)	$24,220
2019-20	7 (13%)	$4,602	7 (13%)	$1,393	2 (4%)	$1,416	54 (100%)	$22,830
2020-21	10 (19%)	$4,430	10 (19%)	$1,250	-	-	53 (98%)	$23,261
2021-22	8 (18%)	$5,949	8 (18%)	$1,219	-	-	45 (100%)	$27,297
Average	9 (15.91%)	$4,521	9 (15.91%)	$1,056	2 (3.50%)	$1,827	56 (99.27%)	$25,327

^*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 12 years, on average, 28 (49.36 % of students) get any students loan help and its average loan amount is $28.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	30 (55%)	$7,250	28 (51%)	$7,304	3 (5%)	$4,333
2012-13	31 (55%)	$6,901	29 (52%)	$6,521	4 (7%)	$6,206
2013-14	25 (44%)	$7,057	22 (39%)	$6,900	4 (7%)	$6,158
2014-15	24 (44%)	$7,539	22 (40%)	$6,479	2 (4%)	$19,200
2015-16	30 (47%)	$7,824	25 (39%)	$8,249	6 (9%)	$4,750
2016-17	32 (55%)	$8,332	30 (52%)	$7,700	4 (7%)	$8,908
2017-18	29 (49%)	$9,491	29 (49%)	$6,727	3 (5%)	$26,726
2018-19	36 (58%)	$6,449	36 (58%)	$5,424	2 (3%)	$18,450
2019-20	28 (52%)	$6,778	28 (52%)	$5,464	2 (4%)	$18,386
2020-21	24 (44%)	$8,401	24 (44%)	$5,000	4 (7%)	$20,407
2021-22	18 (40%)	$5,323	18 (40%)	$5,323	-	-
Average	28 (49.36%)	$7,395	26 (46.91%)	$6,463	3 (5.80%)	$13,352

Scholarships, Grants, and Loan Trends at Cleveland Institute of Music

All Undergraduate Students Financial Aid Over Time

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

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