Payback
EarningsPlus
Economic score
American Academy of Art College is a for-profit located in Chicago, Illinois. American Academy of Art College has an open admissions policy.
Return on educational investment at American Academy of Art College is in the bottom 5% of all ranked schools. The median student earns $35,795 10 years after enrolling, 57th in Illinois, and in the bottom 10% nationally. When adjusted for earning differences by major, American Academy of Art College bachelor students earn 23% less than the national average.
American Academy of Art College’s median net annual cost of $28,554 and average years to graduate of 4.6 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 1 programs at American Academy of Art College sorted by number of graduates - Design & Applied Arts - are shown below.
Annual net cost
$28,554
Average years to graduate
4.6
The average full-time graduate completes their degree in 4.6 years. 54% of all students graduate within 8 years including part-time students. The graduation rate at American Academy of Art College is 11% lower than the state average, and 12% below the average for all special focus four-year: arts, music & design schools in the country.
At American Academy of Art College, Pell Grant recipients represent 51% of the measured graduating class, 16% higher than the national average of 35%. The average Pell Grant recipient at American Academy of Art College graduates within 4.6 years.
American Academy of Art College is in the top 10% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
American Academy of Art College’s economic mobility score of 1.81 is calculated by adjusting the 18.19 economic score of lower-income students by the 51% pell grant recipients within the student body. American Academy of Art College’s EMS of 1.81 ranks in the bottom 5% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 5%
The average Title IV recipient at American Academy of Art College pays $28,554 a year, $8,316 less than the $36,870 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $28,554
Much of the gap between net price and sticker price is filled by institutional and government grants. At American Academy of Art College, 67% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $28,554 on average to be covered by the student – be it through loans or out of pocket. In total, 70% of students take out loans, federal or private, at an average amount of $8,985. This is 16% more than the national average.
Federal grants
$6,159
Pell grants
$4,015
State grants
$4,441
Institutional grants
$16,240
Full time
77%
83%
Female
69%
59%
First time
88%
59%
In-state
82%
68%
1st generation
38%
35%
White
46%
52%
Black
9%
14%
Hispanic
37%
15%
Asian
3%
5%
American Indian
1%
1.6%
Pacific Islander
N/A
0.3%
Other
4%
12%