Financial Aid

What is your Federal School ID Number?

007531

Why do I have to include my parents income information on the Free Application for Federal Student Aid (FAFSA)?

Dependency status is determined by the Department of Education (https://studentaid.ed.gov/fafsa/filling-out/dependency ) based on a few factors (age, marital status, children, dependent, veteran, etc.). An independent student will not have to include parent information. A dependent student will need to include parent information. 

What is the definition of an independent student?

Dependency status is determined by the Department of Education (https://studentaid.ed.gov/fafsa/filling-out/dependency ) based on a few factors (age, marital status, children, dependent, veteran, etc.). An independent student will not have to include parent information.

When should I expect an awards letter?

The Financial Aid Office will send you a postcard and email when your awards are ready to view. Instructions and forms will be provided on the postcard and email. If you have applied to the University and submitted your FAFSA but did not receive a postcard or email, please contact our office:

Phone: 1-415-618-6190

Email: FinancialAid@academyart.edu.

How does a parent apply for the Direct PLUS Loan?

A parent must log on to www.studentloans.gov using their own information and FAFSA PIN (https://pin.ed.gov/). Click Request a Direct PLUS Loan and select Parent PLUS. Complete the borrower information, student information and loan information. Lastly, review and submit for credit check. 

  • What is a Direct Parent PLUS Loan? The loan is money that can be used to pay a dependent student’s educational costs including tuition, fees, housing, transportation, supplies, etc.
  • Who can apply for the Direct Parent PLUS Loan? A parent or step-parent of a dependent student.
  • Why is there a credit check? Direct Loans checks for adverse credit including bankruptcy, repossession, foreclosure, wage garnishment, defaulted loan, etc. Direct Loans is not checking income ratio, credit score, employment status or lack of credit. You will be presented with options if the credit is denied. 

When will I receive a refund check?

The date you receive a refund check will vary based on:

  • The amount of financial aid you receive.
  • The types of financial aid you receive.
  • Whether or not your file is complete.

Refer to our "Important Financial Dates" for more information.

How do I submit my financial aid paperwork?

Some forms can be submitted by logging into Student Self Service at https://sss.academyart.edu.  Forms that cannot be submitted online can be submitted several ways:

Fax: 1-415-618-6273

Email: FinancialAid@academyart.edu

 

In person: 79 New Montgomery Street, San Francisco – 4th Floor Room 488 or 150 Hayes Street, San Francisco – 4th Floor

 

Mail:  Academy of Art University

Attn: Financial Aid Department

79 New Montgomery St., San Francisco, CA 94105

 

Who is Higher One and why am I getting a card?

Academy of Art University has partnered with Higher One Inc., a financial services company, to implement a new program for refund disbursements beginning Summer 2014. For more information, please visit our Academy of Art U Card information page .

My financial aid does not cover my tuition. What should I do?

The Academy of Art University awards students the maximum allowed by federal regulations (except for limited SEOG funds). If your award does not cover your tuition balance you can either:

  • Pay the difference by tuition deadline.
  • Sign up for the interest free four month payment plan (Fall and Spring Semesters Only).
  • Apply for a private educational loan. A credit check is required and a cosigner may be required.

Lender & Loan Program: Sallie Mae / Smart Option Loan

Phone Number: 888-695-3317
Website: https://www.salliemae.com/
Enrollment: Students can be enrolled less than half-time to full time
Loan Disclosure Link: https://www.salliemae.com/student-loans/smart-option-student-loan/terms/loan-app-solicitation/

Lender & Loan Program: Wells Fargo Student Loan for Career and Community Colleges

Phone Number: 877-437-3029
Website: https://www.wellsfargo.com/student/loans/undergrad/community-college/
Enrollment: Students can be enrolled less than half-time to full time
Loan Disclosure Link: https://wfefs.wellsfargo.com/terms/AppDisclosureFilter.

 

If you have any questions on alternative loans, you can call:

Sun Chan
Alternative Loan Manager
1-415-618-6228