Investing In A PAFA Education
We understand that financial consideration is one of the most important factors in choosing what school to attend. With that in mind, PAFA is fully committed to providing you with all relevant information in a simple and easy to understand way. We are here to guide you through all of your available options and are happy to assist you at any point during the process.
In addition to our reasonable tuition rates, we offer a number of financial aid and assistance options for eligible students. These include scholarships, grants, loans, and work-study programs. We also offer other types of aid, like employer tuition remission and veterans’ benefits.
Our goal is to make it financially possible for every qualified applicant to enroll at PAFA and pursue their dreams. Therefore, we encourage you to explore all of the opportunities available and apply early for financial aid.
Financial Aid Deadlines
|October 1||2020–2021 FAFSA Application Opens|
|February 1||FAFSA Priority Consideration due|
|March 1||Scholarship Consideration|
|May 15||PHEAA State Grant FAFSA due|
Payment Mailing Address
Pennsylvania Academy of the Fine Arts
128 North Broad Street
Attn: Bursar’s Office
Philadelphia, PA 19102
The College Financing Plan
The College Financing Plan (CFP) is a standardized financial aid form for all colleges and universities to assist in making aid and cost comparisons for multiple schools simpler and easier to read. The CFP is provided by the Department of Education and made available to all undergraduate and military students. Once you have been accepted at PAFA and have a financial aid package, you will receive an email with a financial aid award letter and a separate email containing your CFP.
The Department of Education has provided a reference guide which contains a summary of each section on your College Financing Plan.
The CFP is not an estimated PAFA bill, and the Net Costs amount listed will be much higher than your estimated college charges. In addition to the estimated Direct Costs (tuition/fees/on campus housing), it includes other Indirect Costs that are not billed by PAFA. These include allowances for off campus housing, meals, books & supplies, transportation, and miscellaneous expenses. The allowances for these indirect costs vary widely, so in comparing schools, you’re encouraged to compare the estimated Net Direct Costs. This figure can be calculated by subtracting your financial aid (not including federal work study) from your Total Direct Costs.
Picture Yourself at PAFA
The Admissions and Financial Aid staff at PAFA are ready and available to assist you during all stages of the application and enrollment process.