Financial Aid Options & Application Process Eligibility for Aid Maintaining Aid Student Rights & Information Tuition & Fee Policies Chris Pesotski \ cpesotski@uarts.edu \ 215.717.6170 Assistant Vice President for Enrollment & Director of Student Financial Services Office of Student Financial Services Hamilton Hall Room 270 | 215.717.6170 | Student Financial Services Website The University of the Arts offers a variety of financial aid programs to assist students in meeting their educational goals. Aid may be offered in the form of grants, scholarships, loans, and/or employment and is funded through federal, state, institutional, and/or private organizations. Grants and scholarships are considered gift aid and need not be repaid. Loans, which must be repaid, are usually offered at a low interest rate and have an extended repayment period. Financial need is defined as the difference between the cost of attendance (COA) and the family’s federally calculated contribution to these costs, the Expected Family Contribution (EFC). Where need exists, the University assists in meeting costs within the resources available to the institution. Eighty percent of the University’s students enrolled on a full-time basis are eligible for some type of need-based aid. All students are encouraged to apply. Information on application procedures, types of aid, program requirements, educational costs as determined by the University, and the students’ rights and responsibilities are detailed in this section. |