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Financing Your Education

 

See also: Institutional Refund Policy

Tribeca Flashpoint Academy was founded on the belief that education should prepare you for the real world.  We work hard to ensure that every dollar you invest in your TFA education will be a dollar well spent—equipping you with concrete skills, a robust resume of real-world experience, and the insider industry know how you will need to launch your career.

TFA offers a competitive tuition rate of $833* per credit hour, plus fees and materials; room and board (if applicable); and personal expenses. The following chart reflects estimated costs for all of our associate degree programs.

Tuition + Fees*
Tuition $833 per credit hour
Student Fees $600 year one, $800 year two
Materials
Laptop + Software $4,000 (one-time expense)
Books, Etc. Varies
Transportation
CTA Pass Included in Fees
Other Transportation Varies


*Effective July 8, 2014 for all new, incoming students. Prior to July 8, 2014, tuition for new/incoming students will be billed at a rate of $12,500 per term. 

We Want to Help You Make Your Dream a Reality

Tribeca Flashpoint Academy offers a variety of aid opportunities to help you finance your education. Our Financial Aid staff will work with you individually to determine the types of financial aid that will best suit your unique needs, and will provide support throughout the entire process of applying for and securing your personalized aid package. We offer four primary types of aid:

  • Federal Financial Aid
  • Private Loans
  • Military Aid
  • Institutional Aid

Federal Financial Aid

Federal Financial Aid is one of the most common ways in which students today pay for college. These government programs are accessible to most U.S. citizens and provide highly-competitive interest rates and repayment plans.

Please note that as of today, Federal Financial Aid is available for the following TFA programs: AAS, Film + Broadcast; AAS, Recording Arts; AAS, Animation + Visual Effects; AAS, Game + Interactive Media.

Program Highlights:

  • Includes three types of federal aid: Direct Loans, Parent PLUS Loans, and Pell Grants
  • Federal Direct Loans are loans in which the student is the borrower (no cosigner is needed). These loans are provided by the Department of Education and all borrowers must meet the requirements set forth by the Department to be eligible. The annual loan limit for students ranges from $5,500 to $10,500 and is dependent on a many factors including a student’s dependency status and grade level. Direct Loans must be repaid. Repayment begins six months after a student is enrolled at least half-time at TFA.
  • Parent PLUS Loans are loans borrowed by the parent of the student. The Department of Education sets the loan amount based on cost of attendance. Parent PLUS Loans must be repaid and repayment begins after the loan has been fully disbursed, usually 4-6 months after the financial aid period begins.
  • Pell Grants are a form of aid that does not need to be repaid. These awards are based on the level of need of a student and his/her family.
  • Additional information about Federal Financial Aid may be found here.

How to apply for Federal Financial Aid:

Before you begin the FAFSA application, you will be prompted to register for a PIN. Register for a PIN at https://pin.ed.gov

You will need to have copies of your or your parents’ latest tax return or W-2 in order to complete the FAFSA. If you do not have copies of your tax returns, the Department of Education recommends using the IRS Data Retrieval Tool that is now available. The Data Retrieval Tool will automatically import your tax information from the IRS two weeks after filing electronic tax returns, and eight weeks after filing paper tax returns.

1. Complete the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov. FAFSA is open to U.S. citizens and eligible non-citizens with a valid social security number. To apply, you must meet all of the following criteria:

  • Be a U.S. citizen or eligible non-citizen with a valid social security number.
  • Be registered with the Selective Service (if you are a male over the age of 18).
  • Be able to present a standard high school diploma or general equivalent degree (GED).
  • Not owe a refund on any previous government grants or taxes, and not be in default on any previous government loans.
  • Be enrolled as a degree seeking student.

2. After successful completion of your FAFSA, Tribeca Flashpoint will send you an official Award Letter outlining the federal financial aid options for which you have qualified, and the next steps in the process.  (Note: You will need to have an admissions application on file at Tribeca Flashpoint in order to receive an Award Letter.)

Additional Information About Completing the FAFSA:

Private Loans

Tribeca Flashpoint Academy offers private loans through Sallie Mae, one of the nation’s leading providers of student loans.
 
Smart Option Student Loan Program highlights:
  • Loans are credit-based, offer competitive fixed or variable interest rates and a choice of repayment options.
  • Rewards for paying your loans on time while in school.
  • No origination fees or prepayment penalties.
You can see more details and apply for a Sallie Mae Smart Option Student Loan here.

Military Aid

We are pleased to support veterans of the United States Army, Navy, Marine Corps, Air Force, and Coast Guard—and our dedicated military aid specialists are here to help simplify enrollment and expedite the financial aid process for our service men and women.

Program Highlights:

  • Includes three types of military aid: Montgomery GI Bill (Chapter 30); Post 9/11 GI Bill (Chapter 33); and Dependent Children benefits (Chapter 36).
  • The Montgomery GI Bill (Chapter 30) provides up to 36 months of educational benefits to eligible veterans. These benefits are typically available for up to 10 years following release from active duty.
  • The Post 9/11 GI Bill (Chapter 33) provides up to 36 months of financial support for tuition as well as other related expenses (e.g. housing, books, supplies) to eligible veterans. These benefits are typically available for up to 15 years following release from active duty.
  • Veterans enrolled in the Post 9/11 program who meet certain requirements may transfer their unused educational benefits to their children.

How to apply for Military Aid

1. During your Admissions process, you will meet face-to-face with a financial aid military specialist who will personally assist you in filling out the online application for military aid (known as VONAPP) through the Department of Veterans Affairs.  (Note: Please bring your DD214 discharge papers to this appointment, as they are required at the time of application.)

2. Your VONAPP application will be sent electronically to the Department of Veterans Affairs education processing center to determine your aid eligibility.

3. The Department of Veterans Affairs will send you a “Certificate of Eligibility” explaining your entitled education benefits. Once you receive this document, contact your TFA financial aid representative who will store a copy of the certificate in your school records.

Institutional Aid

Tribeca Flashpoint Academy offers institutional aid to students who qualify.  Students are automatically considered for institutional aid as part of the application process—and aid is awarded based on the quality of the application materials and results of the entrance interview.

If you have any questions about institutional aid at Tribeca Flashpoint Academy, please contact an admissions representative or financial aid advisor.

 

 

 

 

 

 

 

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