Los Angeles Acting Conservatory, one of the best La acting schools, does not participate in any federal or state student aid programs involving loans or grants. Financial Aid at LAAC consists of work/study, scholarships awarded through endowed aid, and a private loan opportunity. Therefore, it is not necessary for LAAC students to complete the FAFSA.
If a student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund, and that, if the student has received federal student financial aid funds, the student is entitled to a refund of the moneys not paid from federal financial aid funds.
It is the student’s responsibility to: • Review all information about school programs prior to enrollment • Complete all application forms in a timely, accurate manner and send to the correct address • Accurately complete application for student aid (errors can result in delays of receipt of financial aid, and intentional reporting of false information on any application forms for federal financial aid is a violation of law and considered a criminal offense subject to penalties under the US Criminal Code). • Return all additional information, verification, corrections and/or new information requested by the Financial Aid Office • Read and understand all the forms they are required to sign and keep copies for their own records • Accept responsibility for all signed agreements • If aid is a loan – notify the lender of any change in name, address or enrollment status. • Know and comply with the deadlines for application or reapplication for aid • Know and comply with LAAC’s refund policy procedure • Know and comply with LAAC’s Satisfactory Academic Progress Policy.
OTHER TYPES OF FINANCIAL ASSISTANCE
Private Scholarship Sources:
While it takes some effort to find these competitive private sources, it is well worth the time to locate additional funds. High school guidance counselors, public libraries, and websites for scholarship searches are the best sources for students to locate other unique opportunities for financial assistance.
NEED-BASED TUITION DISCOUNT
Many qualified applicants to the Los Angeles Acting Conservatory, one of the best La acting schools, do not have the financial resources to afford the cost of attendance. In order to address this hardship, the Los Angeles Acting Conservatory offers a Need-Based Tuition Discount based on availability which is limited. To qualify, applicants must demonstrate the need for the tuition discount through documentation described below. In the event a student applies to an eligible program and receives private student aid, the Need-Based Tuition Discount will be accounted for in the recipient’s financial aid package. The Need-Based Tuition Discount is provided to qualified students for the duration of their program provided the student maintains satisfactory academic progress.
NEED-BASED TUITION DISCOUNT APPLICATION
1) Completed Application form 2) Financial need statement (a written document of up to a page discussing the student’s financial circumstances, and explaining their financial need for assistance). 3) Student Financial Documentation (all students) demonstrating annual household income. For U.S. Citizens, Tax returns are required. For international students, tax return or other documentation clearly demonstrating annual income. Please note, in the event that tax returns are unavailable, the following may be used: Social Security Documents; W2 Forms; or Bank Statements. 4) Parents Financial Documentation (students under 26 years of age) demonstrating annual household income. For U.S. Citizens, Tax returns are required. For international custodial parent’s tax return or other documentation clearly demonstrating annual income. Please note, in the event that tax returns are unavailable, the following may be used: Social Security Documents; W2 Forms; or Bank Statements.
TUITION DISCOUNT CRITERIA FOR THE LAAC, ONE OF THE BEST LA ACTING SCHOOLS
Student/Family Income is the main determining factor in awarding the amount of the discount. The table below illustrates the metric of income amounts to discount amounts. All students in like circumstances in the same programs and start dates will receive the same discount.
LAAC Programs with Tuition Below $25,000 Per Year
Other factors/criteria including those listed below may affect the amount of the discount and are also accounted for in the award determination:
- Household size.
- Other funding sources (e.g. Veteran’s funding).
- Change in family financial circumstances (i.e. change in employment status; requiring demonstration from additional/supplemental documentation).
- Past educational costs (i.e. student loan debts incurred before attending LAAC).
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