New Hampshire Institute of Art
Manchester, NH 03104-4858

Financial Aid

Average Institutional Grant

In the 2016-2017 academic year, full-time freshman students of New Hampshire Institute of Art were awarded a total amount of $1,515,709 in grant and $496,289 in federal student loans. 100% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 95% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 53 57% $4,390 $232,674
Other Federal Grant 27 29% $427 $11,537
State Grant/Scholarships 4 4% $6,416 $25,665
Institutional Grant/Scholarships 93 100% $13,396 $1,245,833
Total Grant & Scholarships 93 100% $16,298 $1,515,709

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 88 95% $5,640 $496,289
Private Loans -- -- -- --
Total Loans 88 95% $5,640 $496,289

Student Loan Default Rate

Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for New Hampshire Institute of Art from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 167 16 9%
2013 175 20 11%
2012 145 16 11%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - New Hampshire Institute of Art's default rate
  • State Avg. - New Hampshire's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to New Hampshire Institute of Art students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

Average Net Price

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at New Hampshire Institute of Art. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$18,348
$30,000 to $48,000$19,338
$48,000 to $75,000$25,635
$75,000 to $110,000$25,604
Over $110,000$29,070
Get your personal estimate

Veterans and Service Members

Average Financial Aid

The following section details the amount of financial aid provided to veteran students and their family members at New Hampshire Institute of Art.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

January 1

  • Transfer applicants will be notified

March 1

  • Financial aid application (priority)

Campus Location

Nearby Colleges

Nearby 4 year colleges within 100 mile radius of New Hampshire Institute of Art.

Saint Anselm College
2.3 mile away
Rivier University
17.6 mile away
New England College
22.3 mile away
Northpoint Bible College
24.8 mile away
Merrimack College
28.1 mile away