Student Loans for American Musical and Dramatic Academy Students
The American Musical and Dramatic Academy is considered one of the most respected institutions for performing arts in the United States. Founded almost five decades ago, the academy has established a tradition for excellence. The inspiration behind AMDA was to have an institution of performing arts operated by artists for aspiring artists. The academy offers a number of programs in Acting, Dance Theater, Musical Theater, and Performing Arts with extensive hands-on training offered by experienced instructors. The institution also has a comprehensive American Musical and Dramatic Academy financial aid program in place, which facilitates and encourages talent from all over the United States.
The AMDA financial aid department works with the federal government to finance your education. The federal program is quite extensive and offers grants, scholarships, work study and loan programs. Apart from these options, you can also look into grants & scholarships sponsored by AMDA. These awards are both merit-based and need-based, offering you an extra source of funds to cover the cost of your education. The best part about this is that you do not need to pay these back. You can also look into AMDA Payment Options, Federal Parent PLUS loans and alternative loans.
Applying for aid is easy. However, before you apply, you should have an estimate of the amount you need in financial support. So take out that calculator and add up your tuition cost, room & board, books & supplies, transportation and personal expenses. Having done that, now you can apply for federal aid by filling out the FAFSA (Free Application for Federal Student Application) form. Keep a note of those deadline dates; otherwise you might miss out on some of the financial aid opportunities. The program will then award financial aid based on your need and merit.
But if your financial aid package doesn’t cover all your costs, then it might be time to compare your private loan options. Finding the best loan for you and comparing your options, can save you thousands. Check out our loan comparison tool for help.
The AMDA financial aid office offers both need-based and merit-based grants and scholarship awards to its students. The AMDA scholarship is funded by the institution and is both need-based and merit-based. Available grants include AMDA grants, AMDA First Year Summer grants, Pell grants, Supplemental Educational Opportunity grants and Cal grants. Grants are awarded based on FAFSA application results, while scholarships require an additional application.
What payment options does the American Musical and Dramatic Academy offer?
The American Musical and Dramatic Academy financial aid office offers a number of options to help students pay for their college education. The payment options available include a Standard 4 Payment Plan, an Extended Payment Plan, and the option of a discount when paying tuition in full. With the Standard 4 Payment Plan, two payments are collected before the first semester and the other two before the second semester at a 0% interest rate. Students can also pay the tuition fee in full in one go at a discounted rate. More, the Extended Payment Plan is extended over an eight month period and includes a $295 processing fee.
Pay for American Musical & Dramatic Academy*
|Total Avg. Cost||$43,408|
|Room & Board||$6,700|
|Financial Aid Information|
|Students Receiving Fin Aid||97%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$20,125|
|%Receiving Other Loans||13%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics
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