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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.

New Student Scholarships

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LAAFA offers a limited number of individual scholarships from $500 to $2,000 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.

Terms and Conditions: 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 Full-time Programs, after the non-refundable deposit and registration fee have been paid.  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.

College Work-Study Program

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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.

TFC Financing

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TFC Tuition Financing
In partnership with TFC Tuition Financing, LAAFA offers a student loan program. Borrow up to a 100% of your school-certified tuition costs.

U.S. citizens and permanent residents are eligible.  You must meet current credit and other eligibility criteria.  Applying with a credit worthy cosigner can give you a better chance of approval and may help you get a lower interest rate.

Students interested in this option will need to submit:

  • Credit Application Form
  • Copy of your signed FEDERAL INCOME TAX FORM 1040 (pages one and two only) and copies of your W-2 FORMS for the latest two years these form were filed.
  • 3 Current Pay Stubs
  • Copies of applicable drivers’ licenses

Please mail or fax all required documents to:

LAAFA

16926 Saticoy Street

Van Nuys, CA  91406

FAX:  (818) 475-1964

Terms:

Rates from 5.500% to 11.744%.
No Origination fees  and no Prepayment Penalties.

Incentives:

Receive a 0.50% interest rate reduction while enrolled to make scheduled monthly payments by automatic checking deductions.

Government Programs

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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.

Payment Plans

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Short Term Payment Plan
For those students needing extra time during the quarter to pay their tuition, LAAFA offers a payment plan.  Students must pay 50% of the tuition by the payment due date and submit a post-dated check or credit card number for the remaining balance plus a 2% to 5% fee, based on the payment type.  The post-dated check must be dated prior to the beginning of the fifth week of the quarter.  The student will be unable to continue in the program if all of the payment requirements are not met.

Other Scholarships and Grants

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Current Student Scholarship

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Our current Full-Time Program students are welcome to enter the competition to receive a $500 Contemporary Representational Art Scholarship for the Spring 2014 quarter.  Contemporary Representational Art includes figures, still life, and landscapes.

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

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.

Spring 2014 Deadline: February 15,  2014.  Submissions will not be accepted after these deadlines.

Spring 2014 Recipients: Scholarship recipients will be announced by March 1, 2014.

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, after the non-refundable deposit and registration fee have been paid.  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.