American Academy of Art College

In 2003, tuition for full-time students at American Academy of Art was $36,800 a year.

In 2023, tuition increased 2.79%–from $35,800 the prior year. On average, college tuition goes up about 3% every year.

If these numbers feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay much less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make thecost of college feel more doable until you've finishing school and found a job.

American Academy of Art meets 70% of the demonstrated financial need for undergraduates.

For information on American Academy of Art's financial aid options for first-year students, check with the school directly.

American Academy of Art: In-state vs. Out-of-State Tuition

American Academy of Art is a private, nonprofit institution, so it has the same tuition for students from Illinois as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for those who qualify as Illinois residents.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to check your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.

Explore other Illinois colleges

Do International Students Pay More to Go to American Academy of Art?

American Academy of Art has the same tuition for international students as for those from out of state.

International students are not eligible for loans or grants from the U.S. government, but may be eligible for private or American Academy of Art-specific grants, scholarships, and other funding opportunities.

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American Academy of Art Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at American Academy of Art.

Room and Board Costs at American Academy of Art

Board costs vary based on on how many meals are included in the plan you choose.

Cost of Books at American Academy of Art

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have resources so that those with financial need to get help covering these fees.

Planes, Trains, and Automobiles: Transportation costs at American Academy of Art

The cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these questions can make a big difference in your estimated cost of transportation.

The location of a college or university can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city could be costly, but cities may offer more trains, busses or low-cost flight options to actually get to school. The American Academy of Art campus is in a city in Illinois, not far from Chicago.

Other Costs

When estimating your budget for college, be sure to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for American Academy of Art

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for American Academy of Art.

How Much Does American Academy of Art Cost?

What will the cost of attending American Academy of Art be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$36,800

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$38,270
Off-Campus	$38,270

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at American Academy of Art

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American Academy of Art meets 70% of the demonstrated financial need for undergraduates.

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on American Academy of Art financial aid, keep reading, or visit their financial aid website.

Scholarships at American Academy of Art

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

American Academy of Art Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for American Academy of Art students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of American Academy of Art seem more manageable.

What will attending American Academy of Art really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the American Academy of Art's net cost calculator on their website.

American Academy of Art Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does American Academy of Art Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

American Academy of Art's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

For more information about American Academy of Art's endowment, check with the school directly.

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Learn More About American Academy of Art

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