Tuition and Financial Aid.
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.
You can visit our net price calculator to help you estimate your costs.
Scholarships are available for new and current students! Learn More…
3-Year BFA Degree and Atelier Certificate Programs
BFA Tuition for the 2021/2022 academic year will be $31,618.00 per year. (4-quarter per year program)
Atelier Certificate Tuition for 2019/2020 academic year will be $30,943.00 per year. (4-quarter per year program)
Administrative Fee, per year (RECURRING, Non-refundable, included in tuition cost): $400.00
GE Class Per Credit Calculation: $75.00*
Tuition is based on a 3-year program tuition cost and is subject to a yearly adjustment. Students may arrange to make monthly, quarterly, bi-yearly and yearly payments.
*If the minimum required students to run a GE Class is not met, students will need to take the course at an approved institution. LAAFA will give credit towards tuition once we receive verification that the course was completed with a grade of C or better. Administration will contact students regarding all details.
Electives are part of the overall program cost and have no tuition credit value for students in good standing.
Application Fee – $100.00
Registration Fee – $250.00 (One-time deposit to be applied towards the 2nd quarter payment and is non-refundable. This deposit is required to secure your spot in the Orientation Bootcamp and program.)
Administrative Fee – $400.00 included in yearly program cost.
Student Tuition Recover Fee (STRF): Non-refundable $2.50 per thousand dollars of tuition paid by student (not paid by a third-party/lender). See STRF explanation in the LAAFA student handbook. (Charged Quarterly)
Late Payment Fee – $150.00
Foreign Student Visa Application Processing Fee – $100.00 (Student is responsible for the courier charges for the delivery of the I-20 documents to the student.)
Transcripts – The first 2 transcripts in any given calendar year are free. A $5.00 fee is charged for each additional copy. Additional fees apply for rush and express service.
Non-Sufficient Funds (N.S.F.) Check Fee – $35.00
If your check is returned N.S.F., you will be required to pay this fee plus the amount of the N.S.F. check in the form of a cashier’s check or money order before your next class meets again.
None of the aforementioned costs include supplies. Students will not be required to purchase any supplies directly from LAAFA.
Methods of Payments
Full payment of the tuition and fees are due in the Administration Office. Payment or arrangement of payment for tuition is due one month before each quarter’s start date. For those students who are accepted after the due date, payment is due upon acceptance into the program.
LAAFA accepts cash, check, Master Card, and Visa. Please note that all students, except those with a payment plan agreement with the school, must be PAID IN FULL by the payment deadline. A late fee of $150.00 will apply for payments received after the payment due date.
Payment Plan Options
Students have the payment plan option to pay monthly, bi-quarterly, quarterly or annually. Each payment plan we be set accordingly to ensure full payment. All payments must be received by the end of your last class during the same quarter. All payment plans options must be approved.
BFA College Cost Comparison*
$ 94,854 Los Angeles Academy of Figurative Art**
$134,400 Laguna College of Art and Design
$104,596 Academy of Art – San Francisco
$167,696 Woodbury University
$183,104 Art Center College of Art and Design
$190,800 Otis College of Art and Design
*Based on BFA programs beginning in Fall 2021-2022. Does not include housing or school miscellaneous costs.
**LAAFA students graduate in 3 years.
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. 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.
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.
• 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.
LAAFA – Financial Aid Office Contact:
How to apply for FAFSA: https://studentaid.ed.gov/sa/fafsa (VIDEO)
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 program: The Federal Pell Grant. The maximum Pell Grant award for 2019-2020 is up to $6,195.00. (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:
Chart of Award Limits for Direct Loans:
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 4.53%, 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 4.53%, 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 7.08%, 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.
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)
LAAFA Is A Yellow Ribbon approved institution.
For more information about these programs and benefits, please visit Veterans Benefits under Admissions.
When budgeting for each school year, the following fixed expenses should be considered in the calculation of your total budget. These expenses vary greatly depending on your lifestyle. The amounts listed below are general estimates. Once enrolled in the program, we will be happy to email you a budget worksheet with a more detailed list of expenses to help you manage your money wisely. You can also visit our net price calculator to help you estimate your costs.
Tuition and Fees – BFA Tuition for the 2021/2022 academic year will be $31,618per year.
Atelier Certificate Tuition for 2019/2020 academic year will be $30,943 per year.
Housing (includes utilities) – $9,000 to $12,000 a year
Food and Incidentals – $2,400 and $5,400 a year
Books and Supplies – $500 to $1,500 a year
Additional items to consider are transportation, personal and miscellaneous expenses. You should also have an Emergency Fund for unexpected expenses. Many local stores, retailers and movie theatres offer discounts to students. Have your student I.D. on hand!
Find out more about scholarships and work-study opportunities at LAAFA!
Please click here for the HEERF reporting information.