C
Private 4 Year

Cleveland Institute of Art Tuition & Cost

Cleveland, Ohio

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How much does it cost to attend?

Sticker Price
$60,405
Costs for Cleveland Institute of Art
Fee Cost
Tuition$40,480
Books and Supplies$2,200
Other Fees$2,825
Room and Board $11,330
Other Expenses Budget$3,570

Annual Prices

The annual list price to attend Cleveland Institute of Art on a full time basis for 2018/2019 is $60,405 for all students regardless of their residency. This fee is comprised of $40,480 for tuition, $11,330 room and board, $2,200 for books and supplies and $2,825 for other fees. Out of state tuition for Cleveland Institute of Art is $40,480, the same as Ohio residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Cleveland Institute of Art when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$34,369
Net Price by Income Cleveland Institute of Art
Family Income Net Price Paid
$0 to $30,000$30,194
$30,001 to $48,000$29,433
$48,001 to $75,000$32,306
$75,001 to $110,000$35,656
$110,000+$35,725

The average reported annual net price for Cleveland Institute of Art for students receiving grants or scholarship aid was $34,369 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

99% of full-time undergrad Cleveland Institute of Art received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $23,618 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 77% of students received Federal Student Loans averaging $5,896 and 12% of undergrads took out private student loans averaging $21,373.

Finanical Aid Cleveland Institute of Art
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $23,618 99%
Institutional Grants and Scholarships $20,414 99%
Pell Grants $4,930 44%
Other Federal Grants $477 41%
State and Local Grants $2,662 31%
Federal Student Loans $5,896 77%
Other Student Loans $21,373 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Cleveland Institute of Art, we've modeled a ten year student loan with an original principal value of $124,696. The loan balance of $124,696 is a four year multiple of the $31,174 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,190 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $124,696
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,189.74
Total Interest Paid $18,072.49
Sum of All Loan Payments $142,768.49

Projected 4 Year Degree Price

4 Year Sticker Price
$241,620
Year All Residents
1 $60,405
2 $62,190
3 $64,027
4 $65,918

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Cleveland Institute of Art to be $241,620 - assuming graduation in normal time. The estimation assumes a 3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Cleveland Institute of Art
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,640 $4,920 $6,560

Estimated cost for a class at Cleveland Institute of Art based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Cleveland Institute of Art versus other colleges.

Tuition Payment Plans Available

Cleveland Institute of Art Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=202046 IPEDS survey data for Cleveland Institute of Art.