Section 5: Financial Information
STUDENT FINANCIAL SERVICES
Assistant Vice President for Enrollment Management & Director of Student Financial Services
320 South Broad Street, Second Floor
The University of the Arts offers a variety of financial aid programs to assist students in meeting their educational goals. All students are assigned a financial aid counselor upon their application to the University. Aid may be offered in the form of grants, scholarships, loans, or employment, and is funded through federal, state, institutional, 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 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.
Eligibility for aid is based upon the student’s financial need, the ability to meet individual program requirements, and the availability of funding.
Typically, 80 percent of the University’s students enrolled on a full-time basis are eligible for some type of need-based aid. Therefore all students, undergraduate and graduate, 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 on The University of the Arts website.
The Office of Student Financial Services maintains a scholarship bulletin board online and outside their office to help students and their families find additional funding opportunities. Students applying for funding opportunities who have questions or would like help compiling materials, organizing applications or editing essays should contact the Office of Student Financial Services.
Student Employment and Federal Work Study (FWS)
FWS is a federally funded program administered by the University. Eligibility for this program is based upon the availability of funds to the University and the student’s EFC.
The Student Financial Services Office will make a determination of the student’s eligibility to earn money through the FWS program. Notification of eligibility will be included in the award letter.
An FWS award is not an offer or a guarantee of a job; it is the amount a student is eligible to earn should she or he secure a job. Work study awards are not applied against the invoice. Payment is made directly to employed students by University payroll check.
Eligible students are permitted to work up to 20 hours weekly when classes are in session. Students are paid at least minimum wage and hours may be arranged to accommodate the class schedule. The 2014-15 FWS award can be used between July 1, 2014, and June 30, 2015. Jobs are usually available throughout the University in academic departments, offices, the library, etc. Positions require various levels of skill and experience. For students who are interested in working in the larger community, there are several off-campus work study positions available. These jobs are located at sites such as community and arts organizations, theaters, and museums. The Student Employment Handbook contains expanded information about FWS and NFWS job openings, and additional information for fall placement. The handbook is available on the UArts Portal.
Non-Federal Work Study (NFWS)
Students who do not qualify to work under the Federal Work Study program may work on-campus under the NFWS program. Information about job availability and placement is as listed in the Federal Work Study section. The Student Employment Handbook details all of the regulations governing the Federal and non-Federal Work Study programs.
Students are reminded that falsifying time cards is a criminal offense, which can subject them to criminal prosecution, disciplinary action, expulsion, and loss of all financial aid.
Student Emergency Loan Fund
The University sponsors an emergency loan program for students funded by the donations of faculty, staff, trustees, and benefactors of the school. Students in need of a small amount of money (up to $100) to tide them over a weekend, to their next check, etc. may request a loan. The loans are issued on a no-interest basis for a 30-day period. Repayment of the loan then provides funds to be circulated to other students in need. Nonpayment of the loan will result in a charge to your tuition account, a hold placed on academic records, and ineligibility for future loans.
Sometimes it may be necessary to review the family contribution and financial aid award for a student when changes occur in a student’s family or in academic circumstances. Such reviews are conducted in response to a written request for an appeal from the student in which the change in circumstances is described in detail, and submitted for consideration to Student Financial Services. Some circumstances that may qualify for a review include: income reductions, divorces or separations, deaths or dependency overrides. The Student Financial Services Office cannot consider proposals for a recalculation of financial aid eligibility based on any circumstances other than those listed above.
Students who do not satisfy their financial obligations to the University will have a financial hold placed on their record. Such a hold may result in cancellation of the student’s registration and will prevent the student from being permitted to register until the financial hold is lifted. Furthermore, students with outstanding financial obligations to the University will not be eligible to receive official copies of their transcripts or their diplomas. To avoid incurring late fees and/or a hold on academic records, students are expected to make arrangements to pay all tuition, fees, library fines and fees, and residence hall charges by the due date on their bill. Students are encouraged to apply early for financial aid.
Tuition and Fee Refund Policy
See the University’s course catalogue (catalogue.uarts.edu) for complete refund policy.
The University bills students via eBilling (electronic billing). eBilling enables students and authorized payers to receive bills through email, access bills through an online account, and make payments directly online. Students will receive emails at their UArts email address, enabling them to review their statement and make payments via e-billing. All charges to the student’s account, including tuition, room and board, health insurance, course fees, and other miscellaneous fees will be on the ebill and will be available for viewing and printing via the internet.