Financial Aid Overview


Making it work.

Most colleges in the country increase their tuition and fees every year, but AAC is the first and only private art school in the country to implement a Four-Year Tuition Promise! The Financial Aid Office is dedicated to help you not only through the Free Application for Federal Student Aid (FAFSA) process, but to also provide you with additional avenues to help pay for your college education when needed. Most of our students receive some form of financial aid, ranging from competitive scholarships to need-based grants and loans.

You can rest assured that the AAC Financial Aid Office will provide you with the information you need to make a sound financial decision. This information will be provided in the form of an award letter, which is emailed to the student, as well as a one on one conversation between the student/family and the Director of Financial Aid, Rebecca Carr.

The financial aid process can be challenging, and sometimes additional documents are required in order to process your award letter. Both the student, as well as their parent(s) (if dependent), can help this process by checking the email and telephone listed on your admission application and FAFSA frequently. The AAC Financial Aid Office will do everything in its power to get your financial aid award letter processed and emailed out as soon as possible, though we will need your participation during the process.


Getting Started

The first step is to complete the FAFSA (Free Application for Federal Student Aid) online at www.fafsa.gov any time after October 1.  The Art Academy of Cincinnati school code is 003011.  The FAFSA is based off the taxes from the prior, prior tax year.  In the case of the 2020-2021 award year you will need your 2018 tax return.  It is recommended that you use the “link to IRS” function located within the FAFSA to ensure that your tax information is entered properly.  The function will also reduce the application time.

The student, and one parent (if the student is under the age of 24), will need a Federal Student Aid (FSA) ID which will be used to electronically sign the FAFSA each year. Please keep this ID in a safe place as it will be used to sign a Loan Agreement/Master Promissory Note (MPN) and Entrance Loan Counseling if the student/parent wishes to pursue student/parent plus loans.

Thirty percent of all FAFSA's filed are selected by the Department of Education for an audit process called verification, whereby the Financial Aid Office is required to verify that certain data on the FAFSA is correct. The Financial Aid Office also reserves the right to select additional FAFSA's for verification if necessary.  If your FAFSA is pulled for verification the Financial Aid office will notify you of the required documents via email, all required documents must be submitted and processed before the award letter can be processed.

Please feel free to contact the Financial Aid Office at 513-562-8757, financialaid@artacademy.edu or in person in office S266.

Thirty percent of all FAFSA's filed are selected by the Department of Education for an audit process called verification, whereby the Financial Aid Office is required to verify that certain data on the FAFSA is correct. The Financial Aid Office also reserves the right to select additional FAFSA's for verification if necessary. If your FAFSA is pulled for verification the Financial Aid office will notify you of the required documents via email, all required documents must be submitted and processed before the award letter can be processed.


Financial Aid Documents

Financial Aid documents are due within 3 weeks of being requested, and no later than April 1st for current students & July 15th for incoming students. All students (incoming & returning) are required to meet with the Financial Aid Office for a Mandatory Financial Aid Package Review, as well as the Business Office for a Gap Agreement before they can register for classes.

Documents:

** Please check your email listed on the FAFSA regularly.

Documents can be submitted to the Financial Aid Office via: 

Email: financialaid@artacademy.edu
Fax: 513-562-8778
In person
Mailed:
Art Academy of Cincinnati
Attention: Financial Aid
1212 Jackson Street
Cincinnati 45202


Disbursement of Funds

AAC scholarships will be disbursed from the Financial Aid Office to the Business Office shortly before the start of each semester.

Outside scholarships will be disbursed once AAC has received the check from the outside (non AAC) foundation. Outside scholarships will be split into two disbursements (Fall & Spring) unless noted otherwise.

Federal Financial Aid will be disbursed from the Department of Education to the eligible student's tuition accounts on or around the second week of each semester, provided that the student and/or parent have submitted all the required documents on time. Once the federal aid has been disbursed to the tuition account a Title IV refund will be processed within 14 days to those that have a credit balance on their tuition account.

Aid from the State of Ohio (OCOG) will be disbursed closer to the middle of the semester once AAC has received the funds from the state.

Though Financial Aid is disbursed at the beginning of the semester it is earned throughout the semester. If you withdraw from classes after the first day of the semester your aid is subject to change, per Department of Education regulations. This adjustment may result in a balance owed to the school, as the school is required to return any unearned funds to the Department of Education on the student's behalf.

If you have any questions or concerns please feel free to contact the AAC Financial Aid Office, as we are always here to help!!

The Office of Financial Aid is open Monday through Thursday from 9-5, and Friday 9-2. Contact the office via telephone at 513-562-8757, or email at financialaid@artacademy.edu