share this

CIA's application fee waived Nov. 1-Jan. 31
Get started here.
Share This Search

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


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.

YouTube Facebook Twitter LinkedIn Flickr Pinterest Instagram

Social Feed

This week, CIA Foundation students will exhibit their work in the 2015 Fall Foundation Show.

about 10 hours ago via Twitter


For more information about this or other CIA news, contact us here.

Read More

Support CIA

Show the world creativity matters: make a gift to the annual fund.

Read More

2015 Fall Exhibitions

See engaging work by two artists starting Oct. 30.

Read More

Cores + Connections

Creating. Connecting. Building better futures.