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What is the average loan amount at inst?

For the academic year 2022-2023, total 18 full-time, first-time students (40% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 90 students (42% of all students) have received federal student loans and the average loan amount is $6,401 at Cleveland Institute of Music.

Below tables show the number and amount by source of financial aid at Cleveland Institute of Music.
All Undergraduate Student Financial Aid at Cleveland Institute of Music
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid21299%$25,684
Pell Grants3215%$5,673
Federal Student Loans9042%$6,401
Beginning Students (Freshmen) Financial Aid at Cleveland Institute of Music
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid45100%-
Grants or Scholarship from All Sources45100%$28,571
Federal Grants818%$7,167
Pell Grants818%$5,949
Other Federal Grants818%$1,219
State/Local Grants00%$0
Institutional Grants45100%$27,297
Student Loans1840%$5,323
Federal Student Loans1840%$5,323
Other Student Loans00%$0

Know more about Cleveland Institute of Music

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