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Story: Sep 26, 2014

CIA's Community Works series focuses on socially engaged art...

View details 2014 Faculty Exhibition

CIA Exhibition: Aug 28, 2014

2014 Faculty Exhibition

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Story: Sep 22, 2014

Television and film writer teaching narrative writing at CIA

View details Lunch On Fridays: Haishan Deng

Events: Oct 03, 2014

Lunch On Fridays: Haishan Deng

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Social: about 5 hours ago via Facebook

The Cleveland Institute of Art's academic series, Community Works, shifts into high gear next week with the arrival of Stephen Vetter, a renowned international ...

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Story: Sep 16, 2014

CIA Professor Tina Cassara inspires Sculpture Center exhibit...

View details CIA Portfolio Day

Events: Oct 11, 2014

CIA Portfolio Day

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Story: Aug 27, 2014

New residence hall welcomes first-year students in comfort, ...

View details A Creative Life featuring Paul Yanko

Events: Oct 18, 2014 @ William Busta Gallery in Cleveland, OH

A Creative Life featuring Paul Yanko

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Blog: Oct 01, 2014

10/2-5: Bertolucci's new film Me And You, A Fistful of Dollars, Bound by Flesh & more!

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Story: Aug 18, 2014

CIA again named to "Best in the Midwest" list

View details Unruly Engagements Conference

Events: Nov 06, 2014 @ Cleveland Institute of Art in Cleveland, OH

Unruly Engagements Conference

News . Feature Stories . Obama's Student Loan Plan Benefits CIA Students

News

November 03, 2011

Obama's Student Loan Plan Benefits CIA Students

Plan adds to CIA's successful financial aid efforts

Obama's Student Loan Plan Benefits CIA Students

President Obama’s recent student loan plan impacts both state and private college students and according to CIA’s Director of Financial Aid, Martin Carney current junior and senior CIA students will experience the plan’s benefits as early as this year.

“Even though CIA graduates have consistently ranked as having one of the lowest default rates in the nation, the Obama plan will provide tools to this year’s graduating students that will help with student loan management,” said Carney. CIA’s student default rate is 4.9 percent, which is well below the national average of 7.4 percent.

In response to rising student debt and bleak economic conditions, President Obama recently accelerated the passage of a law that will provide eligible students the opportunity to reduce their loan payments and consolidate their loans.

CIA continues to find ways to reduce the overall student debt load with comprehensive measures that have resulted in:

  • Private loan debt assumed by students in the 2010-11 academic year is down 10% from the previous year.
  • Overall debt per student is down 7%.
  • First-year student private loan debt is down 12%.


With 98% of our students receiving financial aid, CIA awards more than $7 million in scholarships and grants annually: an astounding number for a student body of around 500.

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A Woodrow Wilson Visiting Fellow, Vetter will challenge his various audiences to re-imagine their social responsibilities #vetterconnect

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