Tuition & Fees
2008-09
First Year:
Per semester: $12,150*
Fees: $350**
Annual Total: $25,000
*Please note that tuition and fees are subject to annual increases and adjustments.
**Fee includes administrative costs, class materials (specifically armature wire and plastilene for required anatomy classes). Additional fees may be required for sculpture courses, please refer to course descriptions.
Tuition Rate
The Academy charges a flat tuition rate 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.
Ability to Pay
Students must demonstrate sufficient income sources to meet one academic year’s expenses. Tuition and fees are outlined above; living expenses are outlined under Cost of Living in New York City. Currently the 2007-08 academic year cost, which includes estimated living expenses for twelve months in addition to tuition and fees, is $46,100.
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. 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
For the fall and spring semesters, 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 schedules indicated below.
General Refund Policy
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 Amendments of 1998, 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 and materials/services fees are not refundable.
Student Retention Rates
The following statistics reflect the graduation rates for the cohort of full-time students who entered the MFA program in the past two years:
Academic year 2003-04: 91%
Academic year 2004-05: 97%
Academic year 2005-06: 86%
TO LEARN MORE ABOUT ADMISSIONS:
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