Financial Aid Overview
Making it work.
If you want to be at the Art Academy, if you know that you belong here, then we will help you find the money to make it happen. The Art Academy's tuition and fees are 18 percent lower, on average, than those of other independent colleges of art and design in this region. Most of our students receive some form of financial aid, ranging from competitive scholarships to need-based grants and loans.
The financial aid process is like a challenging piece of art: You have to work to understand it. Let us help you interpret it. We will direct you toward available resources that meet your needs. And we'll work with you, not against you. You won't take a number and wait in line.
You can rest assured that the Art Academy's Financial Aid Office will provide you with the information you need to make sound financial decisions regarding your education. And each Financial Aid employee is held to the strictest ethical principles as defined by our code of conduct..
Financial Aid will be disbursed to the eligible students on or around the third Thursday of each term, 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 Friday from 9-5. Call Rebecca Carr, Director of Financial Aid, at 513-562-8773.
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’s school code is 003011. You will need to -have you tax return from the prior, prior year in order to complete your FAFSA. So for the 2018-19 award year you will need your 2016 tax return.
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 Master Promissory Note (MPN) as well 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 Art Academy Financial Aid Office also reserves the right to select additional FAFSA's for Verification if necessary.
Families will be presented with the option to directly import both student and parent tax data into the financial information sections of the FAFSA through use of the IRS Data Retrieval Tool. The Tool can be used 2-3 weeks after you file your taxes with the IRS. Use of the IRS DRT is strongly encouraged for everyone, and is required for all FAFSA filers selected for Verification.
Once your FAFSA has been filed, Verification is complete (if selected), and you have been admitted to the college, you will received an Award Letter from the Financial Aid Office. The Award Letter will list all the financial aid from federal, state, and institutional sources that you are eligible to receive. You have the option to accept or decline each specific type of aid offered. Your financial aid funds will not be disbursed to your student account until you have returned a signed copy of the Award Letter to the Financial Aid Office.