Tuition and Fees

Tuition Rates

The Academy charges a flat tuition rate to all in-state, out-of state and international students for each semester of full-time study. Students may enroll up to the credit limit outlined in their respective curriculum charts and be charged the flat rate. Additional credits taken beyond those needed to fulfill degree requirements will be charged at the prevailing per credit charge. Students must demonstrate sufficient income sources to meet one academic year’s expenses. The non-refundable $850 tuition deposit will be subtracted from the first semester’s tuition invoice. Tuition and fees are outlined below.

First Year, 2016-17 Second Year, 2016-17
Per semester: $18,441.50 Per semester: $18,086.50
Semester fees: $750.00 Semester fees: $750.00
Annual Total: $38,383.00 Annual Total: $37,673.00

* Please note that tuition and fees are subject to annual increases.
**Fees includes registration, commencement, model, materials and technology.

Estimated Living Expenses

2016-2017 ACADEMIC YEAR FALL SPRING ANNUAL TOTAL
Housing $7,416.00 $7,416.00 $14,832.00
Utilities $1,200.00 $1,200.00 $2,400.00
Food/Clothing $4,000.00 $4,000.00 $8,000.00
Health Insurance $2,100.00 $2,100.00 $4,200.00
Art Materials $1,800.00 $1,800.00 $3,600.00
Transportation $699.00 $699.00 $1,398.00
Subtotal $17,215.00 $17,215.00 $34,430.00

Tuition Payment

The institution expects students to keep their financial accounts current. Students are billed on a semester-to-semester basis and receive an account statement of tuition and fees. Full payment is due no later than the first day of class each semester. No student may attend semester classes until the full semester’s tuition has been paid either by check, money order, credit card or guaranteed student loan payment. Students in default of bursar payments may not pre-register, enroll or attend spring semester classes. For students dependent on government sponsored financial aid programs (both domestic and foreign), supplemental bank loans or bank financed tuition payment plans are advised to adhere to application deadlines to insure that their funds arrive at the school in a timely manner.

Tuition Refunds

The add/drop period is held during the first two weeks of each semester. Students leaving school for any reason are entitled to a refund according to the schedule indicated below.

Fall and spring semester refund policy for students who withdraw before the end of the:
First week of class 100% of tuition
Second week of class 90% of tuition
Third week of class 70% of tuition
Fourth week of class 60% of tuition
Fifth week of class 50% of tuition
After the Sixth week 0% of tuition

According to the provisions of the Higher Education Opportunity (HEOA) of 2008, the refund calculation for students receiving Title IV funds are based on the number of days attended during the term. The portion of federal loans and grants the student earned is calculated on a percentage basis comparing the total number of calendar days in the semester to the number of days completed before the withdrawal. Once the 60 percent point of the enrollment period has lapsed, the student has earned 100 percent of the Title IV aid. The return of these funds may result in a balance due to the Academy and/or the federal government. Registration, materials and service fees are not refundable.