Scholarships, Grants, and Loan Trends at Otis College of Art and Design

11%

Received Percent Changed

$3,489

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 960, which is 86.44 % of all undergraduate students. 533 students which is 48.11% of undergraduate students received federal student loans and the average loan amount is $7,428.

For full-time, first-time beginning students (freshmen), 89.33% of students received grants or scholarships and 46% 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 Otis College of Art and Design since 2014.

For that period, the average number of students who received grants aid/scholarships is 960, which is 86.44 % of all undergraduate students. 533 students which is 48.11% of undergraduate students received federal student loans and the average loan amount is $7,428.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15903 (83%)$18,905467 (43%)$4,777617 (56%)$7,716
2015-16849 (77%)$18,798415 (38%)$4,964556 (50%)$7,824
2016-17887 (87%)$18,512393 (38%)$4,649552 (54%)$7,440
2017-18864 (81%)$19,476401 (38%)$4,816521 (49%)$7,406
2018-19919 (85%)$19,933376 (35%)$5,015509 (47%)$7,317
2019-20994 (88%)$24,538400 (36%)$5,071532 (47%)$7,569
2020-21942 (91%)$22,230378 (37%)$5,292488 (47%)$7,281
2021-221,098 (92%)$21,566384 (32%)$5,484496 (41%)$7,211
2022-231,188 (94%)$22,394389 (31%)$5,695530 (42%)$7,087
Average960 (86.44%)$20,706400 (36.44%)$5,085533 (48.11%)$7,428
*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, 219 (89.33 % of students) received grants or scholarships and its average amount is $19,311. It can cover 34.19% of tuition & fees ($56,488).

In addition, 110 (45.56 % of students) students get helped from the students loans (average amount : $9,778).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15197 (83%)$16,625128 (54%)$6,379
2015-16146 (76%)$17,55777 (40%)$6,533
2016-17183 (90%)$17,64099 (49%)$8,030
2017-18154 (76%)$18,008101 (50%)$7,902
2018-19248 (90%)$18,66186 (31%)$23,340
2019-20253 (92%)$20,001120 (44%)$9,299
2020-21220 (100%)$21,593107 (49%)$8,512
2021-22256 (98%)$21,017122 (47%)$8,042
2022-23311 (99%)$22,699146 (46%)$9,965
Average219 (89.33%)$19,311110 (45.56%)$9,778
*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, 75 (31.11 % of students) received Pell (federal) grants and its average amount is $4,881.

In addition, 50 students received State/local government grants/scholarships (20.67 % 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
2014-1582 (34%)$4,47014 (6%)$96455 (23%)$6,623196 (82%)$12,912
2015-1658 (30%)$4,3993 (2%)$1,50037 (19%)$7,679146 (76%)$13,832
2016-1766 (33%)$4,4989 (4%)$1,24339 (19%)$7,024183 (90%)$14,459
2017-1872 (35%)$4,5776 (3%)$1,37543 (21%)$6,561153 (75%)$14,074
2018-1984 (30%)$4,74322 (8%)$89655 (20%)$7,856247 (89%)$15,294
2019-2075 (27%)$4,61422 (8%)$3,33454 (20%)$7,962250 (91%)$16,844
2020-2170 (32%)$5,29210 (5%)$1,50047 (21%)$7,504219 (100%)$18,322
2021-2280 (31%)$5,86632 (12%)$1,50052 (20%)$8,087255 (98%)$17,422
2022-2389 (28%)$5,47037 (12%)$1,50072 (23%)$8,394310 (99%)$19,073
Average75 (31.11%)$4,88117 (6.67%)$1,53550 (20.67%)$7,521218 (88.89%)$15,804
*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, 110 (45.56 % of students) get any students loan help and its average loan amount is $110.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15128 (54%)$6,379128 (54%)$5,7474 (2%)$20,250
2015-1677 (40%)$6,53375 (39%)$5,8392 (1%)$32,551
2016-1799 (49%)$8,03099 (49%)$5,01215 (7%)$19,914
2017-18101 (50%)$7,902100 (49%)$5,52710 (5%)$24,540
2018-1986 (31%)$23,34076 (28%)$23,57110 (4%)$21,587
2019-20120 (44%)$9,299118 (43%)$5,21819 (7%)$26,320
2020-21107 (49%)$8,512106 (48%)$5,81111 (5%)$26,799
2021-22122 (47%)$8,042121 (46%)$5,4179 (3%)$36,185
2022-23146 (46%)$9,965146 (46%)$5,55819 (6%)$33,862
Average110 (45.56%)$9,778108 (44.67%)$7,52211 (4.44%)$26,890

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