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Financial Aid & Tuition Information

Federal and State aid available at the Academy of Art University

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The Academy of Art University participates in the following programs:

Federal Aid:

PELL Grant Gift aid that does not have to be paid back
SEOG Gift aid that does not have to be paid back
Federal Work Study Financial Aid earned while working.
Direct Stafford Loans Loans from the government that must be paid back.
Direct Parent Plus Loans Loans that are taken out by parents of dependent students that must be paid back.
Direct Graduate Plus Loans Loans that are taken out by Graduate students that must be paid back.

State Aid:

CAL Grant Gift aid awarded to California residents who meet certain financial and G.P.A requirements.

Federal Aid


GRANTS


Federal Pell Grant (Pell)

Awarded to eligible undergraduate students (first BA/BS) and eligible education credential candidates seeking an initial credential who are enrolled in at least 6 units and are not concurrently admitted to a Master's degree program.

Federal Supplemental Educational Opportunity Grant (SEOG)

Awarded to eligible undergraduate students with exceptional financial need.

LOANS

Undergraduate and post-baccalaureate students receiving loans must be enrolled half-time to be eligible.

Federal Direct Subsidized and Unsubsidized Stafford Loans

Subsidized loans are available to students with financial need. No interest is charged on a subsidized loan while the student is in school. Unsubsidized loans are available to all students regardless of income, less any subsidized amount received. Students are responsible for the interest that will accrue on an unsubsidized loan while in school. Additional information about repayment, deferment and consolidation of these loans can be found at the Direct Loans web site.

Parent PLUS Loans (for parents)

Federal Direct PLUS Loans are available to parents and stepparents of dependent students. Borrowers must meet credit history and debt burden requirements. Repayment is amortized over 10 years.

Federal Direct Graduate (Grad) PLUS Loan

Federal Direct Grad PLUS loans are available to Master’s students who are enrolled at least half-time. A credit check is required to determine if the borrower has an adverse credit history. Please contact the Financial Aid Office for more information.

State Aid


California Grants (CalGrants)

The California Student Aid Commission makes new awards to eligible undergraduate students (based on financial need and GPA) who are California residents, who are enrolled in a minimum of six units, and who meet the application-filing deadline of March 2 (California Grants A and B.) These grants are renewable. The maximum Cal Grant A and Cal Grant B tuition and fee awards are $9223 for the 2nd, 3rd, and 4th years. Cal Grant B recipients also receive an additional subsistence stipend of $1473 each year. Beginning with the 2013-14 award year the maximum Cal Grant A and B tuition and fee awards for NEW Cal Grant recipients will be $9084.

Please visit the Cal Grant website for more information at www.csac.ca.gov/doc.asp?ID=20