Financial Aid Information: 2017-2018
The Neighborhood Playhouse School of the Theatre is designated by the U.S. Department of Education as an Institution of Higher Education and approved to participate in Title IV funds (Federal Student Aid) through the Pell Grant Program, the Federal Stafford Loan Program (both subsidized and unsubsidized) and the Federal PLUS Loan Program. Only United States citizens and qualified US residents enrolled in the full-time, Two-Year Certificate: Professional Actor Training program are eligible to apply for federal student aid.
Initial Application Procedure
In order to apply for Federal Student Aid you must:
- Be a United States citizen or qualified US permanent resident.
- *Complete the FAFSA at www.fafsa.ed.gov
In order to be eligible to be awarded Federal Student Aid for your studies at The Neighborhood Playhouse you must:
- Not be in default or delinquent borrower status for any federal student aid loans or owe a refund for federal student aid received at any qualified institution.
- Add The Neighborhood Playhouse as one of the schools you wish to receive your FAFSA information using our federal school code 00902900.
- Maintain Satisfactory Academic Progress (SAP) as outlined below.
If you have any problems accessing or submitting your FAFSA then please call 1-800-4-FED-AID for help for assistance. If you have any questions or problems with completing the FAFSA information then please contact the Director of Financial Aid.
* Answers to FAFSA Questions #29, #30, & #48 for study at the neighborhood playhouse (see *Note below)
FAFSA Question #29: The correct answer to ‘What will your grade level be when you begin the XXX-XXXX (upcoming) school year?’ for your studies at the Neighborhood Playhouse is either:
- Never attended college and 1st year undergraduate
- Attended college before and 1st Year undergraduate
FAFSA Question #30: The correct answer to ‘What Degree or certificate you will be working on when you begin the XXXX-XXXX (upcoming) school year is?” for your studies at the Neighborhood Playhouse is:
- Certificate or diploma (occupational, technical, or education program of two or more years).
FAFSA Question #48: The correct answer to ‘At the beginning of the XXXX-XXXX (upcoming) school year, will you be working on a master’s or doctorate program (such as an MA, MBA, MD, JD, PhD, EdD, graduate certificate, etc.)?’ for your studies at the Neighborhood Playhouse is:
*The Neighborhood Playhouse is considered an "Undergraduate" level of study whether students have completed, partially completed, or never attended a bachelor’s degree program. The Playhouse curriculum consists solely of conservatory-style training and therefore does not have the academic requirements of an MFA, MA, or other graduate level program though a majority of our students have attended and/or completed a bachelor’s degree.
Additional Financial Aid Resources:
- The Student Guide, created by the U.S. Department of Education, is available online at https://studentaid.ed.gov/sa/resources
- A comprehensive site for researching your options is available at http://studentaid.ed.gov.
- Also included on the site, is a College Preparation Checklist https://studentaid.ed.gov/sa/sites/default/files/college-prep-checklist.pdf
Approximately 2-3 business days after submitting the FAFSA online (www.fafsa.ed.gov) The Neighborhood Playhouse’s Financial Aid Office will receive your FAFSA information in the form of a Student Aid Report (SAR) electronically. Accepted and enrolled students will be contacted by the Director of Financial Aid within 5-7 business days regarding any necessary verification or corrections to the FAFSA information so that a Financial Aid Award Letter can be issued for the academic year they are applying/enrolling to attend. Inquiries and applicants may contact the Director of Financial Aid to request an estimate of their financial aid package prior to application or acceptance and this request will be handled as time allows on a first-come-first-serve basis after accepted and enrolled students are issued their Financial Aid Award Letters. Students and parents can make any necessary corrections electronically through the FAFSA website.
As your FAFSA information is the basis for determining a student's financial need it is imperative the information be as accurate as possible.
ONCE the FAFSA information has been received and any necessary errors or corrections resolved a Financial Aid Award letter will be issued detailing the types and amounts of Federal Student Aid the student (and parent/guardian, if applicable) eligible to be awarded.
On some occasions, a student’s FAFSA is selected for a process called Verification; wherein some information stated in the FAFSA requires additional documents to verify the information stated on the FAFSA is correct. After the FAFSA is submitted any any errors, flags, and/or verification issues have been resolved a Financial Aid Award Letter will be issued detailing the amounts and types of financial aid to be awarded. The student (and parent/guardian, if applicable) must follow all instructions on the Financial Aid Award Letter and the accompanying paperwork and communications with the Director of Financial Aid to receive Federal Student aid.
Again, no Federal Student Aid eligibility can be fully determined until all FAFSA information is current, accurate and verified.
If it has been more than 5-7 business days since you completed your FAFSA and you still have not received an award letter from the Financial Aid Award Officer, then please contact FAFSA. (1-800-4FED-AID/1-800-433-3243) to be sure that your FAFSA is actually *complete and was submitted to the Neighborhood Playhouse’s school code. *Sometimes a missing signature or some other small piece of information can prevent a FAFSA application from being finalized. Once you have confirmed with FAFSA that your FAFSA is complete and has been submitted, then please contact the Director of Financial Aid, Amanda Callahan (email@example.com | 212-688-3770).
Please Note: The school only automatically issues Financial Aid Award Letters (after all corrections and errors have been resolved) of students who are accepted or enrolled in the program. If you are interested in applying or are in the process of applying and wish to share your FAFSA. information with The Playhouse using our school code before completing the application process then you should contact the Director of Financial Aid and request an estimated Financial Aid Award Letter. Then the FAFSA information for the respective applicant/inquiry will be reviewed, any errors resolved, corrections made, and an estimated Financial Aid Award Letter will be issued stating what Federal Student Aid you would be eligible for should you decide to complete the application process, determined accepted, and enroll to attend.
HOW TO CONTACT THE NEIGHBORHOOD PLAYHOUSE'S FINANCIAL AID OFFICE
Director of Financial Aid – Amanda Callahan
- Phone: 212-688-3772
- Email – firstname.lastname@example.org
- FAX: 212-906-9051
The Neighborhood Playhouse School of the Theatre
Attn: Amanda Callahan or Financial Aid
340 E. 54th Street, New York, NY 10022
The Financial Aid Office is Located on the 2nd floor. Inquiries, Applicants, and Students along with their Parent/Guardian are welcome to stop by in person by scheduling an appointment. Walk-ins are welcome if Amanda Callahan is available at the date/time they arrive )
Types of Federal Aid AWARDED
NOTE: Eligibility for Federal Student Aid can only be determined by completing the FAFSA.
Federal Pell Grants
The Pell Grant is offered by the Federal Government to qualifying students attending any eligible school and program. To qualify for this grant for the PELL grant for study at The Neighborhood Playhouse you must be a U.S. citizen, not already have earned a bachelors degree, and have received the equivalent of the lifetime eligibility limit of 600% (the equivalent of six years of full-time study). If the student is eligible for a PELL Grant then this will be indicated on the SAR information the Playhouse receives from a completed FAFSA. PELL Grants are awarded for up to $5815.00 (maximum award amounts are determined by the USDE July 1st) are awarded to eligible students as determined by the guidelines set by the US Department of Education. Recipients are notified of the amount of Pell Grant aid they qualify for in the Financial Aid Award letter. Students may be eligible to receive Federal Pell Grant awards for the duration of time required to complete the Neighborhood Playhouse School of the Theatre’s Two Year Certificate Professional Actor Training program.
Federal Stafford Loans (**See Note)
Federal Stafford Loans are low-interest loans. To be eligible for a Federal Stafford Loan, a student must be a U.S. citizen or qualified non-US Citizen/permanent resident an not have exceeded the applicable (Dependent/Independent) aggregate direct loan limits for undergraduate study. There are two categories of Federal Stafford Loans: Subsidized and Unsubsidized. Eligibility for subsidized and unsubsidized loans (and in what amount) depends on the students' dependent/independent status, previous loan award history, and calculated EFC as determined by the FAFSA and SAR information.
- Federal Stafford SUBSIDIZED Loans are low-interest loans for undergraduate and graduate students who demonstrate financial need. Interest does not accrue on the loan while the student is in school. Repayment on a Subsidized Loan begins six months after the student completes his or her program of study or leaves school.
- Federal Stafford UNSUBSIDIZED Loans are low-interest loans for undergraduate and graduate students who may or may not demonstrate financial need. Students are responsible for the interest over the life of the loan, including the time when they are enrolled in school. Students may elect to pay the interest while in school or defer during the time of enrollment and allow the interest to accrue. Repayment on an Unsubsidized Loan begins six months after the student completes his or her program or leaves school.
- For Federal Stafford Loans (Direct SUBSIDIZED AND UNSUBSIDIEZED) Our Two Year Certificate program is considered undergraduate study and therefore students are subject to the undergraduate, aggregate loan limits for Independent and Dependent students, respectively, whether the have a bachelor’s degree or not.
MAXIMUM DIRECT LOAN LIMITS
2016-2017 School Year
Eligibility for Direct Student Loans (Stafford Loan) depends on dependent/independent status, academic history, Federal Student Aid history, and can only be determined by completing the FAFSA.
1st Year Dependent Student
2nd Year Dependent Student
**1st Year Independent Student
**2nd Year Independent Student
(And Dependent students whose parent/guardians do not qualify for a Parent PLUS loan)
Dependent Cumulative Maximum Stafford Debt
Independent Cumulative Maximum Stafford Debt
Federal Parent PLUS Loans (**See Note)
Federal PLUS Loans are loans to parents for college expenses of their undergraduate, dependent children. Parents must be U.S. Citizens and not in default on any other type of loan. Eligible parents of dependent students can take out up to the full cost of attendance minus any other received financial aid (i.e. Pell Grant, Direct Student Loans, etc.). Parents who apply must pass a credit check to qualify for a PLUS loan in any amount. If the Parent/Guardian fails the PLUS Loan credit check, then the dependent student becomes eligible for an increased independent Unsubsidized Stafford Loan award amounts.
Generally, repayment begins within 60 days after the loan is fully disbursed (paid out). There is no grace period for these loans. This means interest begins to accumulate at the time the first disbursement is made. Your parents must begin repaying both principal and interest while you're in school. If a parent finds they are ineligible for the PLUS Loan due to failing a credit check,
Receiving federal student aid/Disbursement
The School Office will disburse your loan in at least two installments (one per term); no installment will be greater than half the amount of your loan for the school year. If you're a first-year undergraduate student and a first-time borrower, your first disbursement will be made 30 days after the first day of your enrollment period.
Federal PELL Grants are also disbursed in equal amounts for the Fall and Spring semesters.
Grant and Loan disbursements are first applied to your direct tuition costs for the designated term. Any amount of federal student aid received on behalf of a student (PELL grant, DIRECT Student Loans (SUB/UNSUB), Parent PLUS Loan) exceeding direct tuition costs for the student will be refunded to the student (parent/guardian if applicable to be used for indirect school expenses (i.e. room, board, transportation, etc.).
If you have any questions about disbursements or refund checks for federal aid received above tuition cost, please contact Amanda Callahan, Director of Financial Aid immediately (email@example.com | 212-688-3772).
How Much Federal Student Aid Do I Need?
An excellent resource for this is the www.studentloans.gov website, Net Price Calculator, and by contacting the Financial Aid Office.
Satisfactory Academic Progress (SAP)
All recipients of Federal Student Aid must maintain satisfactory progress as defined below or risk becoming ineligible to receive aid.
Students must successfully complete the entire curriculum throughout the first and second year maintaining satisfactory grades/evaluation and attendance. This entails maintaining 2.0/4.0 GPA or higher (the equivalent of a 73/100) and accrue no more than 40hrs of absence per term. There is no allowance for a student receiving a failing grade/evaluation or exceeding the maximum absences permitted in any course component of the scheduled curriculum and still successfully maintain satisfactory academic progress in the program.
First Year of the Two-Year Certificate: Professional Actor Training Program encompasses approximately 1000 clock hours each year (980 class hours plus a minimum of 20 supervised lab hours of rehearsal and tutorial for production/crew assignments) over a 35-week period.
Second Year of the Two-Year Certificate: Professional Actor Training Program: encompasses approximately 1300 clock hours each year (1100 class hours plus a minimum of 200 supervised lab hours of rehearsal and performance) over a 35-week period.
A student is considered to be making satisfactory progress attend regularly and demonstrate concentrated, committed study, progress through curriculum, and successfully complete course-work and assignments as evidenced by faculty evaluations/grades issued each term for each course. A student who exhibits poor progress in any class will be given a mid-term warning to alert the student that he or she might be failing by the Executive Director. A student who exhibits poor attendance is given a warning and then, if attendance does not improve, placed on probation if they exceed the designated amount of permitted absences or lateness (see Student Handbook Attendance & Lateness Policy). A student accumulating more than 20 hours of absence per term (fails to complete at least 481 hours 1st Year | 631 hours 2nd Year) may be dismissed unless mitigating circumstances exist and missed coursework, assignments, and instruction can be made-up. Under such circumstances, a student may enroll in the following term only in cases where absence has been unavoidable (as in the case of personal or family illness) and they attend make-up classes to cover missed course-work.
Students will be expected to have completed 500 1st YR | 650 2nd YR clock hours exhibiting satisfactory progress (2.0/4.0 GPA or higher and less than 40hrs of absence) for each term they enroll prior to the disbursement of any aid for future terms. Failure to complete the term with Satisfactory Academic Progress will result in the cancellation of aid unless, through the process of appeal, the student is placed on probation. Should a student fail to make Satisfactory Academic Progress by the end of the probation then future financial aid award will be rescinded.
The standard time frame for the completion of the total 2300 clock hours of the program is two consecutive academic years (over 70 weeks) at which time a certificate of merit will be awarded to confirm successful competition with Satisfactory Academic Progress.
Rights & Responsibilities of Students Receiving Financial Aid
Federal Student Loans come with repayment rights and responsibilities. To learn more before borrowing a loan, please read over the numerous Student Guides (PDF’s, videos, webpages, and more) created by the U.S. Department of Education, available online at https://studentaid.ed.gov/sa/resources
1 All full-time students accepted and enrolled in the Two-Year Certificate: Professional Actor Training program have the right to be considered for aid if they are eligible according to the US Department of Education standards.
2 Those students who qualify for the Federal Pell Grant have the right to receive the full amount as determined by Estimated Family Contribution (EFC) based on their FAFSA information and enrollment status.
3 Students have the right to complete information regarding financial aid awarded, aid credited to tuition and any obligation such aid may entail.
4 Students have the right to receive detailed truth-in-lending information.
5 All students have the right to receive detailed information in regards to:
◦ The School's accreditation
◦ The School's program, faculty, & facilities
◦ Cost of attendance and refund policy
◦ Financial assistance and financial aid personnel
◦ Financial aid procedures, deadlines and selection of recipients
◦ How financial need is determined and how much has been met
◦ Procedure for review of aid if circumstances have been changed
◦ How satisfactory progress is determined.
To continue to receive Federal Student Aid the student must
- File the FAFSA or renewal FAFSA by the appropriate deadline each school year.
- Notify the Director of Financial Aid if they do not plan to continue study at the earliest possible date.
- Complete Entrance Loan Counseling online through their FSA account, sign an MPN, and attend all mandatory Financial Aid student meetings if receiving Federal Stafford Loans (Direct Student Subsidized and Unsubsidized Loans)
- Complete Exit Counseling through their FSA account and attend the mandatory Financial Aid exit meeting before leaving the program if awarded Federal Stafford Loans.
- Maintain Satisfactory Academic Progress (2.0/4.0 GPA or higher & less than 40hrs of absence per term) in the program.
- All students receiving aid from Federally-funded programs must:
- If male, confirm that the student has registered with Selective Service, if required to do so;
- Submit a valid FAFSA by the due date (contact Director of Financial Aid)
- Confirm that he or she is not in default on any Federally-funded loan and does not owe a refund of any Federally -funded grant received for attendance at any institution;
- Complete the verification process within the deadline given in order to receive aid;
- Notify the School if any FAFSA or related information has changed since FAFSA was made and submitted.
7. All recipients are expected to research, read and understand all financial aid policies and procedures.
If the student owes a refund of Federal Student Aid received for study at The Neighborhood Playhouse, the school will return the designated Financial and no additional funds may be disbursed on behalf of the student until that amount is repaid to the school and the students account balance is $0.00. Students who have received cash disbursement of Federal Student Aid and withdraw from school may owe a refund. The Neighborhood Playhouse will return the designated Federal Student Aid and the student will be notified of the amount they owe to cover the return of funds. These amounts are determined by Federal regulations. Please see below for the Return of Title IV Funds regulations.
Early Withdrawal, Return of Title IV Funds (Federal Student Aid), and Refunds
Should a student withdraw for any reason while completing less than or equal to than 60% of the scheduled class hours per term, then a designated portion of the Federal Aid awarded to the student must be returned to the USDE. The type(s) and amount(s) of Federal Student aid returned will be according to Federal Regulation. This is determined through R2T4 calculation and is in proportion to the number of class hours the student has completed and the total number of class hours the student was scheduled to complete during the term of withdraw. However, should a student withdraw after completing equal to or more than 61%, no federal student aid is required to be returned.
% of Earned Aid =
# of Class Hours Completed in the Term (Payment Period)
Total # of Class Hours Scheduled in the Term (Payment Period)
To keep 100% of the aid awarded, this calculation must be greater than or equal to 61%.
TUITION REFUND POLICY:
Students who must, for whatever reason, withdraw from The Neighborhood Playhouse School of the Theatre, will receive refunds of tuition for the current term/payment period in the following manner:
- Withdrawal prior to the first day of class: 100%
- Withdrawal within the first calendar week from opening date: 85%
- Withdrawal within the second calendar week from opening date: 70%
- Withdrawal within the third calendar week from opening date: 55%
- Withdrawal after the completion of the third calendar week: NONE
- PLEASE NOTE: A non-registration fee of $150 will be deducted from all refunds. Requests for refunds must be made to the Executive Director in writing (see handbook for ‘written notification’ instructions’).
Deferment of Federal Student aid
If you are enrolled in The Neighborhood Playhouse School of the Theatre’s Two Year Certificate: Professional Actor Training program then you are eligible to defer any prior federal student loans as you are eligible to do while attending any accredited program at an Institution of Higher Education approved by the US Department of Education (USDE) as such. In order to defer prior loan payments while in enrolled in school you must obtain a deferment form from your loan-servicing lender submit it to the Director of Financial Aid to verify, sign and submit to the appropriate entities. For more information on deferment, please click here.
REPAYING FEDERAL STUDENT LOANS
GAINFUL EMPLOYMENT (GE) DISCLOSURE REQUIREMENTS
The Neighborhood Playhouse School of the Theatre is considered a Gainful Employment Program under the Title IV – eligible programs of the U.S. Department of Education. View our complete Gainful Employment Disclosure by clicking the link.
- OPEID: 00902900.
- Dept. of Ed CIP: 50.0506
- Acting Title: 2-Year Program in Dramatic Art
- Acting Definition: A 2 Year full time program (September to May – Mon to Fri for 70 total weeks) that prepares the actor-in-training for entry into the competitive professional world of Show Business.
- Level of the Program: 01- Undergraduate Certificate
- Program Length: 18 months (70 weeks over 2 years)
- Related Occupations: Actors – Stage, Motion Pictures, Television & Radio; Directors, Entertainers, Agents, Producers, Talent Directors and Drama Teachers.
FINANCIAL AID FREQUENTLY ASKED QUESTIONS
If I have attended college/university but did not graduate, am I still eligible for financial aid?
Again, it depends on several factors. Each applicant and/or student’s situation is unique as your eligibility depends on whether you were awarded undergraduate financial aid previously, the aggregate amount of aid awarded, borrower status, etc. It’s best to complete the FAFSA and add The Playhouse’s school code and then contact the Director of Financial Aid, Amanda Callahan to determine if you are eligible for aid and in what amounts and what form.
If I already have earned my undergraduate degree, am I still eligible for financial aid?
It depends on several factors. Each applicant/students situation is unique as your eligibility depends on whether you were awarded undergraduate financial aid previously, the aggregate amount of aid awarded, borrower status, etc. It’s best to complete the FAFSA and add The Playhouse’s school code and then contact the Director of Financial Aid, Amanda Callahan to determine if you are eligible for aid and in what amounts and what form.
If I have already earned my undergraduate degree, I should check ‘YES’ in answer to ‘Are you working towards a graduate or professional degree?’ correct?
No. The answer to question 49 on the FAFSA is always “NO”. The Playhouse does not have the general education requirements of a graduate or professional degree program to be considered an MS, MA, MFA, PhD, etc. program whether you have completed a bachelor’s program or not.
Will my financial aid cover my tuition?
Everyone’s situation is unique but
- If your FAFSA information determines you are an Independent Undergraduate Student (or a Dependent who’s parent/guardian is not eligible for a Parent PLUS loan) qualifying for the maximum amount of aid you can expect to cover almost all direct tuition expenses with a balance of approximately $500 for the academic year.
- If your FAFSA information determines you are an Undergraduate Student qualifying for the maximum amount of aid, you can expect to cover all direct tuition expenses and (with the Parent PLUS Loan) some portion of living expenses.
What is The Neighborhood Playhouse School of the Theatre federal code?
Can I pay my tuition with a credit card?
We accept Master Card and Visa. Payments can be for your entire tuition or for a portion of it. However, we discourage paying your tuition on a credit card unless you have the funds to pay it off right away. Credit card interest rates are very high and it could take you years to pay it off. In the long run, it would cost you substantially more than if you used a student loan.
Does the tuition increase every year?
No. Tuition increases are reviewed and decided upon on a yearly basis. An increase depends on the costs of running the school and inflation. When tuition does increase, we try to do it in reasonable increments so that your tuition is not substantially different during the second year than it was in the first.
What do I need to do to apply for financial aid?
Please fill out your FAFSA form online. The FAFSA website has instructions and will guide you through the financial aid process.
What do I do after I have completed my online FAFSA?
Once you have completed your FAFSA, resolved any errors or verification flags, and determined what amount of the federal student aid you qualify for you will take advantage of, then you will The institution will require you to fill out a promissory note. Once you receive your financial aid award letter from The Neighborhood Playhouse School of the Theatre, please follow the instructions in the cover letter to follow through and receive your financial aid. Once you’ve completed all the steps in the cover letter, Circle will be able to certify your loans.
How can I check on the status of my FAFSA?
Call 1-800-4-FED-AID or log into your account at www.fafsa.ed.gov
Where can I find out more information about student loans?
Check out Funding Education Beyond High School.
I am financially independent from my parents, can I file my FAFSA as an independent student?
Only students who can answer “YES” to any of the questions 48-55 on the FAFSA are considered independent even if his or her parents do not support him or her.
Is there a way to defer payments on student loans from the school(s) I attended prior to attending The Playhouse?
Yes. You must contact your lender to obtain a deferment form. Once you've been accepted and enrolled please submit the deferment form/request to Amanda Callahan. She will verification you are a present, full-time student in an eligible program and complete and submit the deferment form accordingly.