Federal Aid Programs

What You Need to Know

You must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for all federal aid and federal loan programs. You are encouraged to complete the FAFSA as soon as possible after January 1st of each year. The school code number for the Art Academy is 003011. For more information, see www.fafsa.ed.gov or contact the Art Academy Financial Aid office at (513) 562-8751.

For complete information about federal financial aid programs, visit Federal Student Aid.

Federal aid programs include:

Federal Pell Grant

This is a federal grant program available to undergraduate students who have not earned a bachelorís or professional degree. It is available to both full-time and part-time students exhibiting financial need as determined by the United States Department of Education. The FAFSA determines a studentís eligibility for a Pell Grant.

Federal Supplemental Educational Opportunity Grant (SEOG)

This is a federal grant program designed to assist students who have received Pell Grants and who exhibit exceptional need. Awards are made at the schoolís discretion based on a pre-determined formula. Early submission of a FAFSA application is highly recommended.

Federal College Work-Study Program (FWS)

A student must demonstrate financial need, as determined by the FAFSA, before Federal Work- Study can be awarded. Students who are interested must verify their eligibility with the Financial Aid Office before a Work-Study position will be offered. If a student is eligible, he or she may be employed on campus. This program is ideal for students who wish to obtain flexible working hours.

Federal Direct Loan Program

Borrowers must complete a FAFSA to determine loan eligibility. Eligible first-time borrowers must sign a Master Promissory Note and complete Loan Entrance Counseling before loans can be disbursed. Students must be enrolled at least half time in order to borrow Federal Direct student loans.

DISBURSEMENT OF FEDERAL STUDENT AID

Federal student aid disburses directly from the federal government to the Art Academy of Cincinnati and is applied to individual student accounts by the Art Academy Business Office. Disbursements occur twice per academic year, one week prior to the start of each semester. You must return a signed copy of your Financial Aid Award Letter to the Financial Aid Office before any federal funds will disburse to your account.

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