Financial Aid: Merit Scholarships
The School of the Art Institute of Chicago (SAIC) awards merit scholarships to students who demonstrate exceptional levels of thoughtfulness, skill, conceptual capabilities, and academic groundedness. Scholarships are financial awards that do not need to be repaid. Gift aid (grants, scholarships and any other aid that does not have to be repaid) may not exceed tuition each semester.
A number of scholarships are available for both undergraduate and graduate students.
SAIC annually awards a substantial number of undergraduate, merit-based scholarships to new students. Students are considered for these scholarships when they first apply to the school, and there is no separate application. Recipients are selected through a holistic review of each student's academic history, portfolio, and statement of intent.
Students considered for a merit scholarship may receive one of the scholarships listed below.
If you are awarded a scholarship, and you defer admission to a later term, you forfeit the scholarship and will need to resubmit an updated portfolio, statement of intent, and recent transcripts to be considered for future merit-based scholarships.
Please contact the Office of Admissions at 800.232.7242 or by email at firstname.lastname@example.org for more information about merit-based scholarships and the scholarship review process for new students.
Phi Theta Kappa Scholarship
Admitted Phi Theta Kappa applicants will qualify to receive a $2,000 PTK Scholarship, per academic year, through the admission process once PTK status is verified. This is in addition to any other merit scholarships awarded through SAIC Admissions. A separate application is not necessary for this award.
The Tuition Exchange Scholarship
If your parent or legal guardian works at a college within the Tuition Exchange consortium, you may be eligible to apply for a Tuition Exchange Scholarship at SAIC. Contact the liaison officer at your parent's place of employment to determine your eligibility and to submit an application to SAIC through the consortium.
You must submit a complete application including portfolio through the regular SAIC admissions process by February 1 in the academic year prior to your intended entrance date, while simultaneously requesting a Tuition Exchange Scholarship at SAIC through your parent's place of employment. Scholarship selections are announced by March 1 of each year and are based upon artistic merit and academic achievement.
SAIC receives 30 to 40 requests for Tuition Exchange scholarships each year and is able to award one to two.
The annual scholarship amount is determined by the consortium on a yearly basis. For the 2013–14 academic year, the set amount is $31,500 and for the 2014–15 academic year, the set amount is $32,500. Students who are awarded these scholarships are not eligible for any other SAIC grants, scholarships or fellowships and are responsible for tuition and costs beyond the amount of the Tuition Exchange Scholarship. Domestic or permanent non-resident students are eligible to apply for federal and state aid at fafsa.gov to assist in financing the additional costs not covered by the Tuition Exchange Scholarship.
The scholarship is renewable annually, for up to four years, upon completion of two-thirds of all credits attempted and a submission of recertification by your liaison officer to SAIC each year. For a list of member institutions and further details, consult tuitionexchange.org.
New Artists Society
No separate application is required for a New Artists Society scholarship. It may be renewed each year upon completion of 100 percent of all credits attempted per semester.
This scholarship is awarded to master’s degree-seeking students who are enrolled at least half-time and demonstrate exceptional ability upon entering the school. The New Artist Society Scholarship is limited to the number of hours required to complete the degree and will not exceed that number.
Recipients are eligible for 50 to 100 percent of their tuition, to be awarded in combination with need-based aid, not to exceed tuition.
Presidential scholarship recipients are selected during the admissions process for a Post-Baccalaureate Certificate. There is no separate application. The scholarship may be renewed each year upon successful completion of 75 percent of all credits attempted each semester.
This scholarship is awarded to Post-Baccalaureate Certificate students enrolled at least half-time.
The scholarship covers 50 percent of tuition and is awarded in combination with need-based aid.
There is no separate application for Recognition Scholarships. Recipients are selected during the admissions process. The scholarship may be renewed each year upon successful completion of 75 percent of all credits attempted each semester.
Students must demonstrate exceptional ability upon entering the school and be enrolled in a Post-Baccalaureate Certificate program at least part-time.
Students can receive 30 percent of tuition awarded in combination with need-based aid.
Potential candidates for this scholarship are identified during the admissions process. It may be renewed each year upon completion of 75 percent of all credits attempted each semester.
Recipients must be master’s or Post-Baccalaureate Certificate students enrolled at least half-time. Selections are based on many different criteria including merit, academics, and need.
Students can receive 20 percent of tuition per year depending on start date, in combination with need-based aid.
Enrichment scholarship recipients are identified during the admissions process, and scholarships are renewable each year upon completion of 75 percent of all credits attempted each semester.
To qualify, students must be seeking a master’s or Post-Baccalaureate Certificate and enrolled at least half-time. Selection criteria include many things, such as merit, academics, and need.
Students can receive $2,000 per year depending on start date. This scholarship is awarded in combination with need-based aid.
The Margot and Thomas Pritzker Scholarship (special application)
The Margot and Thomas Pritzker Scholarship is designed to provide assistance to students who are committed to the advancement of art and design in China. These scholarships are awarded to a total of three graduate students each year.
Criteria for selection includes:
- financial need;
- first in family to attend college;
- prior work or study experience in China;
- familiarity with Chinese language, culture or history;
- and demonstrated intention of working in China after graduation.
Incoming graduate students who meet the eligibility requirements are invited to apply.