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 our 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.
Financial Aid will be disbursed to the eligible students on or around the third Thursday of each semester, provided that they have submitted all of the required documents on time and are eligible for financial aid.
The Office of Financial Aid is open Monday through Thursday from 9-5, and Friday by appointment only. Contact the office via telephone at 513-562-8757, or email at [email protected]
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 2019-20 award year you will need your 2017 tax return. It is recommended that you use the “link to IRS” function located with in 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, [email protected] or in person in office S266.