Tuition Policies
If a student withdraws from the Art Academy or drops below full-time status (under 12 credit hours), tuition will be credited computed from the date of withdrawal as officially recorded by the Registrar.
FALL AND SPRING SEMESTER
Before the end of the first week: 100%
Before the end of the second week: 75%
Before the end of the third week: 50%
Before the end of the fourth week: 25%
After the fourth week: no refund given
SUMMER SESSION
Before the end of the first day: 100%
Before the end of the first week: 50%
After first week: No refund given
Only tuition is refunded; fees are nonrefundable. The Finance Office calculates and determines all amounts credited to an account and will return any financial aid, grants, loans and scholarship funds as required by the different programs. An open balance will be due in full immediately.
Students who receive Federal Title IV Financial Aid and do not complete their classes will be responsible for repaying to the Department of Education unearned portions of aid. During the first 60 percent of a semester, a student is entitled to Title IV funds in direct proportion to the length of time he or she remains enrolled. A student who remains enrolled beyond the 60 percent point earns all aid for the semester. Unearned Title IV funds, other than Federal Work Study, must be returned back to the Federal Student Aid Programs. A Return of Title IV Funds Policy statement is available in the Financial Aid and Finance Offices.
The Art Academy of Cincinnati will not issue a diploma, transcripts or records, grade reports, statements of recommendation, nor allow future registration to any student whose financial accounts with the Art Academy are not paid in full. All financial accounts must be paid in full prior to the start of classes. A finance charge will be applied to any account with an unpaid balance after the date payments are due and for every month following that the balance is not paid in full. Students with delinquent accounts are referred to a collection agency.