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New York City Campus 211 West 61st Street New York, NY 10023 Phone (212) 787-5300 Toll Free (800) 367-7908 Fax (212) 247-0488
Los Angeles Campus |
Featured Graduate: Juan Betancur
1994 Graduate - Hometown: Queens, NY
Juan has worked professionally since graduating from AMDA in 1994. He has performed in Germany, France, Austria, Holland, Belgium, Denmark, Sweden, Norway, Italy, Japan, Beirut, and Lebanon. He made his Broadway debut in 2001 in Jekyll and Hyde.
"AMDA's programs provide the necessary tools to achieve your goals and dreams."
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FORMS AND APPLICATIONS
In order to be considered for financial aid, AMDA requires that all
File the FAFSA at:
Please note: Filing the FAFSA does not obligate you to any loan or award. Need based aid is subject to change in the event inaccurate information has been provided.
Parents of federally dependent students, Click Here to apply for a Federal Parent Plus Loan.
Click Here to complete the Master Promissory Note for Federal Stafford Loans and Federal Parent Plus Loans.
Click Here to complete Entrance Counseling.
If you have been selected for the Verification Process, you may download, print, complete and mail the appropriate form below:
Dependent Verification Worksheet 2010 - 2011 (PDF)
Dependent students entering in the Summer 2010, Fall 2010 or Spring 2011 semester
Independent Verification Worksheet 2010 - 2011 (PDF)
Independent students entering in the Summer 2010, Fall 2010 or Spring 2011 semester
Expense Resource Worksheet (PDF)
FINANCIAL AID PROGRAMS
GRANT AND SCHOLARSHIPS: Awards that are academic or need based and do not need to be repaid
AMDA Scholarships
Institutionally funded need and/or merit-based awards given to students based on the results of the audition, application and FAFSA
Criteria: Audition and application for first-year admission. Results of FAFSA
AMDA First Year Merit Scholarship
Institutionally funded need based awards given to students based on the results of the FAFSA
Criteria: Financial Need
AMDA Grant
Institutionally funded, need-based awards given to students based on the FAFSA
Criteria: Financial Need
AMDA First Year Summer Grant
Institutionally funded, need-based awards given to students who begin study during the summer semester. Results of FAFSA
Criteria: Financial Need
Federal Pell Grant
Federally funded, need-based grant program
Criteria: Financial need as determined by filing the FAFSA
Federal Supplemental Educational Opportunity Grant
Federal and institution funded, school administered need-based grant program
Criteria: Available to Pell-eligible students
Federal Academic Competitiveness Grant
Federally funded, school administered grant for first and second year students who are Pell eligible and have completed a rigorous secondary program as defined by the US Secretary of Education.
CalGrant
State Funded; California offers a grant to eligible students who are residents and attending the Los Angeles Campus. The state determines the criteria for eligibility and award amounts.
Criteria: California state residency; attend the Los Angeles campus. Must file the FAFSA prior to March 1 in order to be considered for the entitlement program
Federal Work Study
Federal and institution funded, school administered student employment program
Criteria: Financial need; Student interest; U.S. citizen or permanent resident. Must file FAFSA form.
LOAN PROGRAMS - Educational loans that need to be paid back
Federal Direct Loan Program
Loans are guaranteed by the federal government and funded through the United States Department of Education. Must file a FAFSA form to participate in federal loan programs.
Direct Stafford Loans include the following types of loans:
Direct Subsidized Loans - Direct Subsidized Loans are for students with financial need. Your school will review the results of your Free Application for Federal Student Aid (FAFSASM) and determine the amount you can borrow. You are not charged interest while you're in school at least half-time and during grace periods and deferment periods.
Direct Unsubsidized Loans - You are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Like subsidized loans, your school will determine the amount you can borrow. Interest accrues (accumulates) on an unsubsidized loan from the time it's first paid out. You can pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount you have to repay because you will be charged interest on a higher principal amount.
Note: Before July 1, 2010, Stafford, PLUS, and Consolidation Loans were also made by private lenders under the Federal Family Education Loan (FFELSM) Program. As a result of recent legislation, no further loans will be made under the FFEL Program beginning July 1, 2010. All new Stafford, PLUS, and Consolidation Loans will come directly from the Department under the Direct Loan Program.
How do I apply for a Stafford Loan?
As with all federal student aid, you must complete the Free Application for Federal Student Aid (FAFSA). Most students use FAFSA on the Web to complete their application. Schools use the information from your FAFSA to determine how much student aid you will receive.
Master Promissory Note: When you receive a Stafford Loan for the first time, you must complete a Master Promissory Note (MPN). The MPN is a legal document in which you promise to repay your loan and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan. In most cases, one MPN can be used for loans that you receive over several years of study. If you previously signed an MPN to receive a FFEL Program loan, you will need to sign a new MPN for a Direct Loan.
Entrance Counseling: All students are also required to complete Stafford loan Entrance Counseling. The Entrance Counseling makes sure that you are fully aware of your responsibilities and obligations concerning the loans funds you choose to borrow.
You may complete your MPN and required Entrance Counseling online at www.studentloans.gov.
How much can I borrow?
There are limits on the maximum amount you are eligible to receive each academic year (annual loan limit) and in total (aggregate loan limits). These limits are shown in the chart in the next section. The actual amount you can borrow each year depends on your year in school, whether you are a dependent or independent student, and other factors, and may be less than the maximum amounts shown in the loan limit chart. Your school will determine what types of loans and how much you may borrow.
Depending on your financial need, you may be eligible to receive a subsidized loan for an amount up to the annual subsidized loan borrowing limit for your level of study. If you have education expenses that have not been met by subsidized loans and other aid, you may also receive an unsubsidized loan so long as you don't exceed the combined subsidized and unsubsidized annual loan limits.
Annual and Aggregate Loan Limits
The following chart provides maximum annual and aggregate (total) loan limits for subsidized and unsubsidized Direct Stafford Loans.
|
Year |
Dependent Undergraduate Student (except students whose parents are unable to obtain PLUS Loans) |
Independent Undergraduate Student (and dependent students whose parents are unable to obtain PLUS Loans) |
|
First Year |
$5,500 - No more than $3,500 of this amount may be in subsidized loans. |
$9,500 - No more than $3,500 of this amount may be in subsidized loans. |
|
Second Year |
$6,500 - No more than $4,500 of this amount may be in subsidized loans. |
$10,500 - No more than $4,500 of this amount may be in subsidized loans. |
|
Third and Beyond (each year) |
$7,500 - No more than $5,500 of this amount may be in subsidized loans. |
$12,500 - No more than $5,500 of this amount may be in subsidized loans. |
|
Maximum Total Debt from Stafford Loans When You Graduate (aggregate loan limits) |
$31,000 - No more than $23,000 of this amount may be in subsidized loans. |
$57,500 - No more than $23,000 of this amount may be in subsidized loans. |
What are the current interest rates?
Direct Subsidized Loans:
Undergraduate students - If the first disbursement of your subsidized loan is between July 1, 2010 and June 30, 2011, the interest rate on your loan is fixed at 4.5%. The interest rate on subsidized loans first disbursed to undergraduate students between July 1, 2011 and June 30, 2012 will be fixed at 3.4%.
Direct Unsubsidized Loans - The interest rate is fixed at 6.8% for all borrowers (undergraduate and graduate).
Direct PLUS Loans for Parents - Parents of dependent students may apply for a Direct PLUS Loan to help pay their child's education expenses as long as certain eligibility requirements are met.
To be eligible for a Direct PLUS Loan for Parents:
- The parent borrower must be the student's biological or adoptive parent. In some cases, the student's stepparent may be eligible.
- The student must be a dependent student who is enrolled at least half-time at a school that participates in the Direct Loan Program. Generally, a student is considered dependent if he or she is under 24 years of age, has no dependents and is not married, a veteran, a graduate or professional degree student, or a ward of the court.
- The parent borrower must not have an adverse credit history (a credit check will be done). If the parent does not pass the credit check, the parent may still receive a loan if someone (such as a relative or friend who is able to pass the credit check) agrees to endorse the loan. The endorser promises to repay the loan if the parent fails to do so.
- The student and parent must be U.S. citizens or eligible noncitizens, must not be in default on any federal education loans or owe an overpayment on a federal education grant, and must meet other general eligibility requirements for the federal student aid programs.
For a Direct PLUS Loan, the parent must complete a Direct PLUS Loan Application and Master Promissory Note (MPN). The MPN is a legal document in which the borrower promises to repay the loan and any accrued interest and fees to the Department. It also explains the terms and conditions of the loan. In most cases, one MPN can be used for loans that a parent receives over multiple academic years although a separate Loan Request must be filed for each school year. If the parent previously signed an MPN to receive an FFEL PLUS loan, he or she will need to sign a new MPN for a Direct PLUS Loan.
Click Here to Apply
Click Here to complete the Master Promissory Note
How much can a parent borrow?
The annual limit on a PLUS Loan is equal to the student's cost of attendance minus any other financial aid the student receives.
The interest rate is fixed at 7.9%. Interest is charged from the date of the first disbursement until the loan is paid in full.
When does the parent begin repaying the loan?
The repayment period for a Direct PLUS Loan begins when the loan is fully disbursed, and the first payment is due 60 days after the final disbursement. However, for Direct PLUS Loans with a first disbursement date on or after July 1, 2008, the parent may defer repayment:
- While the student on whose behalf the parent borrowed the loan is enrolled on at least a half-time basis, and
- For an additional six months after the student ceases to be enrolled at least half-time.
Credit-based privately funded loans through the bank of the student's choice. Students may borrow up to the cost of attendance less any financial aid as determined by the AMDA financial aid office.
To find out more information and apply for alternative/private loans to help cover the cost of your education, please visit:
Simple tuition will provide you with a list of lenders that AMDA recommends for alternative loan options. Please note that you are not limited to using one of these lenders. You are welcome to secure a loan from any bank you wish.
The lenders we have chosen to list on our simple tuition site are listed because we feel they are excellent, reputable lending institutions, which we have a solid history working with. We feel they all provide good customer service, competitive interest rates/fees and excellent repayment options.
Please also note that we strongly recommend you use all of your federal student loan eligibility before determining your need for an alternative loan.
Tuition, Housing, Fees and Expenses for 2010-2011 Academic Year
Tuition and Housing:
The following is the direct cost of education for one academic year. Each year's price depends on the semester in which the student begins taking courses. Housing costs are subject to change each year. These housing costs are for students living in AMDA's Student Housing. Students who choose to secure housing on their own should expect housing costs to be higher than those listed here.
Current Tuition, Housing and Fees:
Tuition and fees (per academic year) $28,449
Housing and fees (per academic year) $ 6,700
Total Tuition and Housing (per academic year) $35,149
Living Expenses:
Living expenses for the year are ESTIMATED to be about $200 per week. This estimate includes the cost for food, transportation, laundry and miscellaneous living expenses. Please remember that this is an estimated average cost, and individual student expenses may be more or less than this amount depending on personal needs and living habits. Students are encouraged to make a budget for their living expenses. Students who would like additional assistance and budgeting resource materials may contact the Financial Aid Office.
Books & Supplies:
