Your browser (Internet Explorer 7 or lower) is out of date. It has known security flaws and may not display all features of this and other websites. Learn how to update your browser.

X

Navigate / search

Financial Aid Options

Education is the most important investment you will ever make. Education is an investment in you! It can give you a dream career that is both personally and financially rewarding. The challenge is, how to afford the tuition now.

Through our school sponsored programs and partnerships with financing companies and government agencies, we can help you with your tuition costs. We encourage you to work with us to design a financial plan that helps you accomplish your educational goals.

Financial Aid General Information

+
-

LAAFA is authorized by the government to offer financial aid to those who qualify. Students who qualify must meet the following criteria:

1. Be accepted into the Bachelor of Fine Arts, Entertainment Arts; Bachelor of Fine Arts, Fine Arts; Certificate of Fine Arts, Entertainment Arts.
2. Be a U.S. citizen or eligible non-citizen.
3. Maintain measurable satisfactory academic progress (SAP) and uphold LAAFA policies while enrolled.
4. Not owe a refund on or be in default of any Title IV loan previously received for attendance at any post-secondary institution.
5. Must be in compliance with Selective Service regulations.

*The Certificate of Fine Arts, Fine Arts, Intensive Art Tracks and Continuing Education Classes are currently not available for financial aid.

The purpose of financial aid is to help assist students whose personal and/or family contributions are insufficient to meet the total cost of education at the Los Angeles Academy of Figurative Art. LAAFA financial aid is available from one or more of the following sources:
• Scholarships, grants, federal loans and in-house work-study programs.
• LAAFA is also eligible to participate in the Department of Veterans Affairs Educational Assistance programs

Students interested in seeking federal financial aid need to complete Free Application for Federal Assistance (FAFSA) at fafsa.ed.gov. In your application, please submit LAAFA School Code: 042483. Once your application has been processed, you will receive a SAR report, and LAAFA will then be able to review the ISIR report.

LAAFA currently offers Federal Pell Grants, Direct Loans and/or Parent Plus Loans to students who qualify. You will need to complete the Online Counseling, as well as the MPN (Master Promissory Note) if you plan to receive any Direct Loans with your Financial Aid Package. You can find them both at https://studentloans.gov/myDirectLoan/index.action.

Students may receive Federal Unsubsidized Direct Loans and PLUS loans regardless of need. If students do not file for financial aid, LAAFA requires that you fill out a Declaration of Finance Form. The Declaration of Finance Form may also be required for students who have filed for financial aid.

LAAFA will work with students to estimate all financial awards. LAAFA will schedule an on-campus or phone appointment to discuss financial options. LAAFA recommends students to file their FAFSA applications early.  Admissions is finalized once a student has made satisfactory financial arrangement.

Students must fill out a free FAFSA application every year. FAFSA covers the time between July 1st of one year to June 30th of the following year. You may file your application as early as October of the year before you start.

Please note:
• Federal financial aid may transfer to another school, however please consult with the Financial Aid Office from both schools.

Students may withdraw anytime during the first seven days of the program start date without penalty. If a student withdraws during the first six weeks of a quarter, LAAFA is required to prorate student charges and financial aid and send back any funds that are considered ‘unearned.’ If a student withdraws between quarters, there is no refund. In addition, students must complete an Exit Interview as part of a student’s obligation to the federal government. During the Exit Interview, the Financial Aid Office will advise repayment terms and status. Typically, students have a 6 month grace period before repayment begins. A loan servicer will contact (an agency that the government has assigned to service your loan) a student within 6 months after withdraw. For more information on the return of unearned Title IV funds, please visit our financial aid refund policy.

Please refer to the Student Handbook for further information on our policies.

Helpful Information:

LAAFA – Financial Aid Office Contact:
Crystal Nitz
(818)708-9232
cnitz@laafa.org

How to apply for FAFSA: https://studentaid.ed.gov/sa/fafsa (VIDEO)
Free FAFSA Forecaster: https://fafsa.ed.gov/FAFSA/app/f4cForm?execution=e3s1

New Student Scholarships

+
-

LAAFA offers a limited number of individual scholarships annually. Students must be enrolled in the Full-Time Programs to qualify.

Scholarships for incoming students are based on both need and merit. All new incoming students interested in applying for scholarships must submit their financial application by the priority deadline. Scholarships are determined by student’s admission package that includes: portfolio, required drawing, transcripts, recommendation letters, essay, and financial application. In addition, all students interested in a financial aid packages including scholarships will need to fill out a FAFSA Application and email to admission@laafa.org. Please do not include your social security number on this form.

Terms and Conditions: Applicants must be students in good standing with a 3.8 GPA or higher. LAAFA is not obligated to disperse all available scholarships if the application and artwork submitted do not meet the juror’s criteria. Scholarships are awarded in the form of tuition credit during the 3-Year BFA and Atelier Certificate Programs. Tuition credit is dispersed over the course of the program, after the non-refundable deposit, registration fee and 1st quarter payment have been paid. New students may only apply. By submitting this form, you are agreeing to allow LAAFA to use your submitted images for any promotional purposes as LAAFA sees fit. Additional restrictions and requirements may apply.

If you have any questions about the scholarship or the submission process, please see the Administration Office or email us at scholarships@laafa.org.

Current Student Scholarship

+
-

Our current Full-Time Program students are welcome to enter the competition to receive a $500 Scholarship for the Spring quarter.

Eligibility: All students currently enrolled in our Full-Time Programs, are invited to apply for this scholarship.

Current Student Scholarships
Students in their 2nd year have the opportunity to enter the Contemporary Representational Art Competition to receive a scholarships for the spring quarter. Students will submit any representational
drawings or paintings.

Current Student Entertainment Art Scholarships
Students in their 3rd year can enter the Entertainment Art Digital Competition to receive a scholarship for the spring quarter. Students may submit a combination of drawings, paintings and digital work.

Current Student Fine Art Scholarships
Students in their 3rd year can enter the Fine Art Competition to receive a scholarship for the spring quarter. Submits my submit any representational drawings and paintings.

Submission Requirements: Submit five images, and a 500-word essay to scholarships@laafa.org. Incomplete submissions will not be considered.

Artwork: Each applicant must submit five different two-dimensional artwork pieces. Images of work should be in JPEG format. Images should be as close to 800 X 1200 pixel and 72 DPI, and emailed as an attached file. The JPEG must also be large enough to show your entire piece (do not crop your artwork). Each JPEG must be labeled with a number, and the artist’s name. Include a list of portfolio works with your submission. Include numbers corresponding to the images submitted, as well as title of work, description of piece, concept and/or subject matter, size, medium, and completion date. Submissions are limited to original artwork only, completed within one year of the entry date. No Master copies allowed. We will accept class work as long as an instructor has not modified it.

Essay: You must include a 500 word essay explaining that outlines your experience at LAAFA, your ultimate career goals after graduation and how you would use your LAAFA education to further your career goals.

Jurors: Selected LAAFA faculty.

Awards: $500 scholarship for use toward LAAFA’s BFA and Atelier Certificate Program tuition.

Deadline: Submissions must be submitted at least 45 days prior to the Spring Quarter start date. Submissions will not be accepted after these deadlines.

Recipients: Scholarship recipients will be announced 30 days prior to the start date of the Spring Quarter.

Terms and Conditions: Applicants must be students in good standing with a 3.8 GPA or higher. LAAFA is not obligated to disperse all available scholarships if the application and artwork submitted do not meet the juror’s criteria. Scholarships are awarded in the form of tuition credit toward the BFA and Atelier Certificate Programs. Students may only apply once per year. By submitting this form, you are agreeing to allow LAAFA to use your submitted images for any promotional purposes as LAAFA sees fit. Additional restrictions and requirements may apply.

If you have any questions about the scholarship or the submission process, please see the Administration Office or email us at scholarships@laafa.org.

Other Scholarships and Grants

+
-

Federal Aid

+
-

Federal Grants

A grant is gift aid that does not have to be repaid as long as the student continues to meet all eligibility requirements. LAAFA participates in one federally funded grant programs: The Federal Pell Grant. The maximum Pell Grant award for 2017-2018 is up to $5,920.00. (changes yearly)

Direct Loan Program
The Direct Loan Program consists of low-interest, subsidized and unsubsidized loans funded by the federal government. Loans are available to LAAFA undergraduate students who are U.S. citizens or permanent residents. Loan repayments begin six months after graduation. Students are also welcome to pursue Private loans on their own.

The difference between Federal Loans and Private Loans:
https://studentaid.ed.gov/sa/types/loans/federal-vs-private
Chart of Award Limits for Direct Loans:
https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized

Types of Federal Direct Loans

A. Direct Subsidized Loans for Undergraduate Students

This is a long-term, low-interest federal loan. The current interest rate is 3.76%, but is subject to change. “Subsidized” means the interest is paid by the federal government while the student is in school at least half-time or during the grace period. This is a need-based loan as determined by the FAFSA information. This loan must be repaid. The maximum aggregate loan (subsidized and unsubsidized combined) amount allowed for undergraduate studies is $31,000 for dependent students and $57,500 for independent students and those students for whom the parent(s) are unable to borrow Plus loans.

B. Direct Unsubsidized Loans for Undergraduate Students

This is a long-term, low-interest federal loan. The current interest rate is 3.76%, but is subject to change. “Unsubsidized” means the student is responsible for the interest on the loan. Interest payments can be capitalized, which means they will be deferred with the principal while the student is in school. This interest amount will be added to the principal balance. This is a non-need-based loan as determined by the FAFSA information. This loan must be repaid. The maximum aggregate loan (subsidized and unsubsidized combined ) amount allowed is $31,000 for dependent students and $57,500 for independent students and those students for whom the parent(s) are unable to borrow Plus loans.

C. Direct Parent Loan for Undergraduate Students (Plus)

The PLUS loan program is available to parents of dependent students and has a fixed rate of 6.31%, but subject to change. These loans serve as a supplemental source of money to parents on behalf of their dependent son or daughter. Plus loans, unlike the Federal Loans program, are subject to credit approval by a lender and repayment begins within 60 days of full disbursement, although deferments are available if the student is currently enrolled at least half-time. If the parent’s credit is denied, the student may be eligible for additional Direct Unsubsidized Stafford loans. There are no aggregate loan limits however Plus loan amounts cannot exceed the cost of attendance for the award period less other financial assistance for the award period. This loan is in the parent’s name.

College Work Exchange Program

+
-

Students may apply for College Work Study as part of their financial package. This program is for applicants that can demonstrate financial need. A variety of jobs are available on campus. A Work Agreement Form is completed by the student prior to the start of each quarter detailing assignments, work schedule and monetary value. Work Study availability varies from quarter to quarter.

Payment Plans

+
-

Payment Plan Options
Students have the payment plan option to pay monthly, bi-quarterly, quarterly or annually. All payment plans options must be approved.

Government Programs

+
-

Vocational Rehabilitation & Employment Program (VR&E)

The VetSuccess program assists Veterans with service-connected disabilities to prepare for, find, and keep suitable jobs. LAAFA is proud to be included as a post-secondary training college for their program. To see if you are eligible to receive benefits, please visit the VR&E website for more information.

Veterans Educational Benefits

LAAFA is authorized by the Department of Veterans Affairs to enroll students in our programs for benefits under:

Post-9/11 GI Bill (Chapter 33)
The Montgomery GI Bill (Chapter 30)
The Dependents Educational Assistance Program (Chapter 35)
The Vocational Rehabilitation Program (Chapter 31)
The Selected Reserve Educational Assistance Program (Chapter 1606)

For more information please visit our Veterans Education Section.