Financial Aid and Scholarships
Financial Aid
Professional Division
Applicants to the Certificate and Independent Study Programs with demonstrated financial need may apply for federal financial aid to help students afford the costs of tuition, fees, and living expenses. See the FAQs for instructions on how to apply for financial aid.
For information on merit-based scholarships, please visit the Scholarship Program page.
Ailey/Fordham BFA Program
Students in the Ailey/Fordham BFA Program must contact the Fordham University Financial Aid Office for instructions on how to apply for financial aid or call 212-636-6700.
Junior Division
Federal Financial aid is not available for students in the Junior Division Pre-Professional Program. Junior Division students may audition for the Pre-Professional Scholarship Program for merit-based financial assistance.
Frequently Asked Questions
New incoming students, transfer students, and continuing students must follow the instructions below for every semester they are enrolled.
- Complete and submit a Free Application for Federal Student Aid (FAFSA).
- Indicate The Ailey School code (015038) in Step Six of the FAFSA and make sure to record your confirmation number for future reference. The Central Processing Service (CPS) will send the processed application results to The Ailey School.
-
Please note that FAFSA applications use “prior, prior” tax information. For example: on the 2020-2021 FAFSA, the 2018 US tax information should be reported.
Newly accepted and transfer students to the Certificate Program and Independent Study Program who demonstrate financial need may apply.
Federal financial aid is not available for students enrolled in the Scholarship Program. Merit-based Tuition Remission Grants are awarded by audition only.
Federal financial aid is not available for the Summer Intensive Program, but students may audition for merit-based scholarships during the summer term.
In order to be eligible to apply for federal financial aid, you must meet the following requirements:
- Be a U.S. citizen, national or permanent resident alien (Green Card holder)
- Be enrolled or accepted for enrollment, full-time during the academic year
- Make satisfactory academic progress each semester you are enrolled
- Not be in default on a loan, owe a repayment on a previous financial aid award received at The Ailey School or any other institution, and/or not have any outstanding tuition or fees due from a prior enrollment period at The Ailey School
- The School's Ailey Tuition Remittance Grant (ATR) Program
- Federal Pell Grant Program
- Federal Supplemental Educational Opportunity Grant (SEOG) Program
- Federal Work-Study (FWS) Program
- Federal Direct Student Loan Programs (Direct Loan)
For a description of these programs, please visit studentaid.ed.gov.
Financial aid is disbursed in two halves: half at the beginning of the fall term and half at the beginning of the spring term. By Federal requirement, aid disbursements must be first be applied to a student’s tuition and fees account. When a “credit-balance” occurs as a result of a disbursement, the amount that exceeds unpaid charges will be refunded to students within two weeks that disbursements are received. As aid cannot not be disbursed until a student starts school, students can typically expect to receive a credit-balance refund the third week of each term.
Applicants may email The Ailey School Financial Aid Office or call 212-405-9135.
The Federal “Return of Title IV Funds” legislation requires that when a student completely withdraws on or before completing 60% of the semester, the amount of financial aid (federal grants and loans) earned must be calculated. The school and/or student may then be required to return some of the federal funds awarded to the student. The percentage of Title IV aid to be returned is equal to the number of calendar days remaining in the semester divided by the total number of calendar days in the semester. If a student received more aid than was earned, the excess funds must be returned.
For example, if a student completes 30% of the semester before completely withdrawing, the student has earned 30% of the aid package awarded to them. If excess funds must be returned, St. Clair County Community College will return the lesser of either:
- The student’s tuition/fees charges multiplied by the unearned percentage, or
- The entire amount of the excess funds.
The student is responsible to return any remaining excess funds. Any loan funds must be repaid in accordance with the terms of the student’s promissory note, making payments to the holder of the loan over a period of time.
If the student is responsible for returning grant funds, the law provides that they are only required to return 50% of the full amount that is determined to be the student’s responsibility. Any amount required to be returned is referred to as a “grant overpayment” and the student must make arrangements with SC4 to return the funds.
All students requesting a complete withdrawal of classes prior to the 60% date in the semester are encouraged to visit the Financial Aid Office prior to completely withdrawing. Students must also be aware that if funds are released because of a credit balance on the student’s account, then the student may be required to repay some of the
federal grants if they withdraw. For example, a student is awarded a Pell Grant of $1500. The cost of their tuition and fees is $500; therefore the student is entitled to a refund check of $1000.
$1500 Pell – $500 tuition/fees = $1000 refund check
If the student decides to completely withdraw at the halfway point of the semester, they would only be entitled to 50% of the Pell Grant. This means that $750 instead of $1500 of the student’s Pell Grant should have been credited to their account. The federal government would require the student to pay back half of the actual earned award, $375. SC4 would also be required to pay back 50% of the tuition and fees, $250, which was paid by the Pell Grant. Therefore, the student would also owe the College an additional $250 for tuition. The total student loss for not completing the semester would be $625.
$375 Pell Grant + $250 Tuition/Fees = $625 MUST be repaid to SC4/Federal Government
Upon complete withdrawal prior to the 60% point in the semester, students will be notified regarding the amount of aid they are required to repay to either SC4 and/or the federal government. Worksheets used to determine the Return of Title IV aid are available upon request in the Financial Aid Office.
Funds must be returned to the following federal programs in the following order:
- Unsubsidized Direct Loans
- Subsidized Direct Loans
- Direct PLUS
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant (FSEOG)
- Other Title IV programs
***Students should always consult the Office of Financial Aid prior to any drop or withdrawal from classes made during any semester, especially for the Summer semester.
HEERF Reports
Higher Education Emergency Relief Fund (HEERF) Institutional Reports
-
Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students reporting update as of 12.31.2021
-
02171900_Quarterly Expenditure Reporting Under Cares Act Section 18004(1)(1) and 18004(a)(3)_Q4.2021_01.08.2022
-
Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students reporting update as of 9/30/2021
-
02171900_Quarterly Expenditure Reporting Under Cares Act Section 18004(1)(1) and 18004(a)(3)_Q3.2021_10.08.2021
-
Quarterly Expenditure Reporting under CARES Act Sections 18004(a)(1) and 18004(a)(3) for the quarter ending 6/30/2021
-
Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students reporting update as of 6/30/2021
-
Quarterly Expenditure Reporting under CARES Act Section 18004(a)(3) for the quarter ending 3/31/2021
-
Quarterly Expenditure Reporting under CARES Act Section 18004(a)(1) for the quarter ending 3/31/2021
-
Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students reporting update as of 3/31/21
-
Higher Education Emergency Relief Fund (HEERF) Emergency Financial Aid Grants to Students reporting update as of 12/31/20
-
Quarterly Expenditure Report under CARES Act Section 18004(a)(1) as of the quarter ending 12/31/2020
-
.Higher Education Emergency Relief Fund (HEERF) Institutional Report as of 9/30/2020