2015–16 Student Financial Aid Budgets

2015–16 Student Financial Aid Budgets

Each year, the A.C.T. Financial Aid Office develops standard allowable budgets for financial aid recipients. These budgets are used to determine financial aid eligibility and include a cost-of-living allowance, tuition, fees (if applicable), books, and supplies.
 

Financial Aid Budget Totals

The chart below displays the total cost to attend A.C.T by program and year. These totals are used to determine financial aid eligibility. Please note: the amount of tuition and fees students are charged is subject to a 3–10% annual increase.

2015–16 Student Budgets (Total Cost of Attendance)
Fees and tuition are subject to change without notice.
School and Year Tuition¹ Books & Supplies      Makeup/
Cultural Landscape   
Library Fee           Cost of Living²      Annual Total
M.F.A. Program (9-month program)
M.F.A. 1st Year 26,750 500 430 50 20,376 48,131
M.F.A. 2nd Year 26,750 500 0 50 20,376 47,676
M.F.A. 3rd Year 26,750 500 0 50 20,376 47,676
Summer Training Congress 2015
5- and 2-Week Package 3,250 25   0 3,962 7,237
5-Week 2,750 25   0 2,830 5,605
2-Week 1,150 25   0 1,132 2,307

American Musical Theater
Conservatory 2015
6-Week Session 4,250 25   0 3,396 7,671


1. Tuition and fees are subject to change without notice.
2. These figures reflect food, transportation, personal, miscellaneous, medical and housing costs for students living in off-campus apartments.
 

Exceptions to the Student Budget

Listed below is information about some allowable add-ons to the student budget used to determine financial aid eligibility. This is not an exhaustive list. Therefore, students are encouraged to discuss their specific situations with the Financial Aid Office before submitting a request. Budget exceptions are considered on a case-by-case basis and subject to approval.

Child Care
Students may request financial aid to cover reasonable child care (“baby-sitting”) costs (up to $900/month per child, maximum $1,800/month) for children ages 12 and younger during periods when the student is enrolled. The agency or child care provider must complete a Child Care Verification Form, available in the Financial Aid Office. The student must document the child care costs.

Medical and Dental Expenses
Expenses that are not covered by personal health insurance can sometimes be added to a Federal Student Loan or other outside loan source. Costs must be reasonable and medically necessary (for example, having dental cavities filled). Financial aid cannot cover cosmetic work, elective expenses, work that is desirable but not medically necessary, or treatment that can reasonably be postponed until after graduation (for example, elective orthodontic work). To request additional funds for medical and dental expenses, please visit the Financial Aid Office for more information. NOTE: A.C.T. in coordination with the Federal Affordable Care Act will require students to provide proof of health insurance. See 2014–15 M.F.A. Program Policies and Procedures (A.C.T. does not offer student health insurance coverage plans.) Included in the student financial aid budgets are average costs from several health insurance companies. To learn more about the Affordable Care Act and the Health Insurance Marketplace go to www.healthcare.gov.

Computer Purchases
Students have access to computers in the A.C.T. library. However, students may also receive loan funds to a maximum of $2,000 during their entire A.C.T. enrollment. The appropriate documentation must be submitted to request funding for computer purchases. Contact the Financial Aid Office for more information.
 

Cost-of-Living Allowance

The Financial Aid Office establishes a modest yet adequate cost-of-living allowance to determine financial aid eligibility each school year. This allowance includes housing and utilities, food, transportation, personal, miscellaneous, and medical expenses. As required by federal law, budgets used to determine financial aid eligibility can only include the student’s costs; spouse’s and/or children’s expenses cannot be included.-

As required by federal law, budgets used to determine financial aid eligibility can only include the student's costs; spouse's and/or children's expenses cannot be included.

Monthly Cost-of-Living Allowance

  Off Campus Parent/Guardian
Food $453 $453
Housing (including utilities)¹ $1,177 $0
Transportation $145 $145
Personal/Miscellaneous $274 $320
Medical $215 $215
Basic Allowance $2,264 $1,133


1. Allowance assumes shared housing costs. San Francisco rents are too expensive for financial aid to cover living alone.

Spouse and Children
Living costs of family members must be covered by student and spouse earnings and/or assets. Financial aid, however, can help cover reasonable childcare ("baby-sitting") costs for children ages 12 and younger for periods when the student is enrolled and the spouse is employed or in school.

Single Parents
Single parents are expected to support their children through earnings, savings, child support, etc. If sufficient funds are not available from these sources, an exception will be considered to include dependent costs in the student’s budget. Single parents must provide information and documentation to the Financial Aid Office. Single parents are expected to use all legal means to obtain fair and reasonable child support. They may wish to seek aid from public assistance programs.ce programs.

Living with a Parent or Relative
Students living with a parent or other relative will have a lower cost of living than indicated in the standard student budgets. The monthly cost of living is $877 (excluding fees, tuition, books and supplies) for students living with a parent or other relative.

Prescription Drug Costs
Contact our office for additional information on necessary prescription costs. This expense can sometimes be covered with a Federal Loan. As required by federal law, budgets used to determine financial aid eligibility can only include the student’s costs; spouse’s and/or children’s expenses cannot be included. These estimates can be used as a planning tool for students and will not be used to determine financial aid eligibility.

Estimated Monthly Cost-of-Living: Single Parent
(This information is for planning purposes only and not used to determine eligibility.)

  Off Campus
Food $520
Housing (including utilities)¹ $1475
Transportation $145
Personal/Miscellaneous $388
Medical $422
Basic Allowance $2,950

 

Estimated Monthly Cost-of-Living: Married Student
(This information is for planning purposes only and not used to determine eligibility.)

 
Off Campus
 
  No Child One Child²
Food $537 $755
Housing (including utilities)¹ $1475 $1850
Transportation $145 $145
Personal/Miscellaneous $388 $388
Medical $422 $698
Basic Allowance $2,967 $3,836


1. Allowance assumes shared housing costs. San Francisco rents are too expensive for financial aid to cover living alone.
2. Budget includes cost for one child/dependent and spouse, if married. For each additional child/dependent, add $250 per month enrolled. Does not include child/day care expenses.

*In the rare situation someone is admitted to the Master of Fine Arts Program without prior college experience, they are considered to be a First-Time, Full-Time Student.  These students should use this link to review tuition and financial aid pricing estimates for the M.F.A. Program: Click here for our Net Price Calculator.

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