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Story: Oct 21, 2014

Senior curates exhibition of current students, recent grads ...

View details Adam Markanovic: No Body to Love

CIA Exhibition: Oct 17, 2014

Adam Markanovic: No Body to Love

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Story: Oct 20, 2014

CIA grad transforms Corvette into canvas on wheels

View details Unruly Engagements Conference

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

Unruly Engagements Conference

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Social: about 13 hours ago via Facebook

What does it mean in contemporary art and design to be socially engaged? Cleveland Institute of Art invites you to attend an international conference November 6...

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Story: Aug 27, 2014

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

View details Opening Reception Community Works: Artist as Social Agent

CIA Exhibition: Nov 07, 2014

Opening Reception Community Works: Artist as Social Agent

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Story: Aug 18, 2014

CIA again named to "Best in the Midwest" list

View details Fall 2014 Open House

Events: Nov 15, 2014

Fall 2014 Open House

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Story: Jul 23, 2014

Professor's productive year saw exhibitions, acquisitions, r...

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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Registration now open for CIA's Unruly Engagements conference (Nov. 6-8) http://t.co/qK6vLdTMct #unrulyengage http://t.co/2oIh4g3zjK

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