This Consumer Information Guide is designed to provide current and prospective students with certain information regarding sources of financial aid, related policies, and other important information for students related to financing their education. Students should review this Consumer Information Guide in concert with the Studio School Catalog and the Student Handbook to more fully understand their options, rights and responsibilities as a current and/or prospective student.
If you have any questions regarding this Consumer Information Guide, please contact the Admissions Office at (310) 622-4136, and ask for the Director of Admissions.
LICENSES, ACCREDITATIONS AND APPROVALS
Studio School, a branch campus of Hussian College, is approved to operate in the State of California by the Bureau for Private Postsecondary Education and the Department of Consumer Affairs.
The Bureau’s approval means compliance with minimum state standards and does not imply any endorsement or recommendation by the State of California or the Bureau. As a prospective student, you are encouraged to review this catalog prior to signing an enrollment agreement. You are also encouraged to review the School Performance Fact Sheet, which must be provided to you prior to signing an enrollment agreement. Any question a current or prospective student may have regarding this catalog that has not been satisfactorily answered by Studio School may be directed to the Bureau for Private Postsecondary Education (B.P.P.E. 2535 Capitol Oaks Dr. Suite 400, Sacramento, CA 95833).
A student or any member of the public may file a complaint about this institution with the Bureau of Private Postsecondary Education by calling 888-370- 7589 or by completing a complaint form, which can be found on the Bureau’s website (www.bppe.ca.gov).
The Bureau can be reached at:
P.O. Box 980818
West Sacramento, CA 95798-0818
Studio School, a branch campus of Hussian College, is accredited by the Accrediting Commission of Career Schools and Colleges, which is located at 2101 Wilson Boulevard, Suite 302, Arlington, Virginia 22201, and can be reached by telephone at 703-247-4212. Studio School’s current license and certificate of accreditation are available for review in the Office of the President.
WHAT IS FINANCIAL AID?
Any financial resource a student receives through sources other than their parents and their own contribution is considered financial aid. Financial Aid includes: (1) Grants and Scholarships – Gift assistance based on demonstrated needs that does not have to be repaid; (2) Loans – Borrowed money, based on need, that must be repaid with interest; and (3) Awards – Normally based on academic merit and need and normally are not repaid. Financial Aid is available through state and federal programs. In addition students may be eligible for financial aid as a result of their service in the military, through private education lending companies, through organizations offering privately funded grants and scholarships, institutional grants such as talent-based scholarships. It is important that current and prospective students understand their options with regard to available financial aid sources, as well as the applicable terms and conditions relating to each source.
SOURCES OF FINANCIAL AID
Federal Student Aid
Hussian College participates in the following federal student aid programs:
- The Federal Pell Grant Program
- William D. Ford Federal Direct Loan Programs
- Federal Supplemental Educational Opportunity Grant – FSEOG
- Federal Work-Study Program
Students may be eligible for other sources of financial aid and should discuss their options with members of the Studio School Financial Aid Staff.
What We Do For You
Studio School Financial Aid Staff is available to assist current and prospective students with:
- Locating sources of financial aid.
- Understanding eligibility requirements for each source of financial aid.
- Understanding the general terms and conditions associated with any chosen financial aid program.
- Obtaining financial aid applications.
- Completing and filing financial aid applications.
Studio School feels that each student has the right to a full explanation of financial aid and determination of individual eligibility. For this reason, all prospective students are invited to have a personal interview with the Financial Aid Office. Please understand that the above eligibility requirements are general statements and a full and complete determination of a student’s eligibility will always depend upon the specific facts and circumstances of each student. Every student will be given the opportunity to seek eligibility to receive any sources of financial aid they choose.
Every student is responsible for submitting accurate information when applying for financial aid. Failure to do so can result in denial of aid and/or changes in the aid awarded. Students are required to provide documentation intended to verify student aid application information when requested by the Financial Aid Office. Failure to provide verification information in a timely manner when requested may result in a denial of financial aid.
Most information regarding approval of grants and loans is sent directly to the student. The student is responsible for delivering such grant and loan information to the school as soon as possible. Students are expected to notify the Financial Aid Office when there are changes in their financial status, enrollment status, address, or telephone numbers. Failure to do any of the above can result in denial of financial aid and interruption of classes. Students must maintain satisfactory progress to remain eligible for financial aid.
FEDERAL STUDENT AID PROGRAMS
For a summary of Federal Student Aid programs, including information students should know when financing their education, students should access the “Funding Your Education” informational pamphlet available online at: http://studentaid.ed.gov/students/attachments/siteresources/12-13_Guide.pdf
OTHER SOURCES OF FINANCIAL AID
In addition to federal and state programs, certain students may be eligible for other programs which provide educational cost assistance. These benefits, like grants, do not have to be repaid:
Veterans may qualify for educational benefits under the GI Bill (Chapter 34) or the Veteran’s Educational Assistance Program (VEAP). Students can obtain further information on all GI benefit programs from the Veteran’s Administration or from the School VA coordinator, the Registrar. Click on the Funding Your Education link for more information.
The Division of Vocational Rehabilitation provides services and financial assistance to students with certain disabilities. Further eligibility information can be obtained by the local Division of Vocational Rehabilitation.
There are many outside sources of financial aid in the form of scholarships, fellowships and loans which might be available to you. Some publications which might help you in your search are as follows:
- Scholarships, Fellowships and Loans – by S. Norman Feingold and Marie Feingold. Check your local library for this booklet.
- A Selected List of Fellowship Opportunities and Aids to Advanced Education – from the National Science Foundation, Publications Office, 1800 6th Street, NW, Washington, DC 10550.
- Paying for Your Education, A Guide for Adult Learners – available at a cost of $3.50 post paid from College Board Publications Orders, Box 2815, Princeton, NJ 08541.
- Lovejoy’s Scholarship Guide – available at your local library.
- The Scholarship Book – by Daniel J. Cassidy – available in the Financial Aid Office.
- Many religious, ethnic, civic and service organizations offer scholarships through their local chapters. A check with your organization may prove beneficial.
- Many companies offer loans, grants and tuition refunds to employees, their spouses and their children. Unions also offer educational aid to their members. A check with company personnel offices may be beneficial.
DETERMINING FINANCIAL NEED
Federal Student Aid is awarded based on a determination of “Financial Need.” The Financial Aid Office determines Financial Need by subtracting the “Student Expense Budget” by the “Expected Family Contribution.” The federal government refers to this procedure as Needs Analysis.
The annual Student Expense Budget is based upon the cost of student tuition, fees, books, and supplies, which can be found on the Studio School website at www.studioschool.org, under Tuition & Fees, and in the Studio School Catalog, as well as nationally standardized cost of living estimates. The nationally standardized estimates supply room, board, and other living expenses while taking into account student specific circumstances like marital status, whether the student lives independently or with parents, childcare costs, and living expenses associated with disabled students.
The average annual Student Expense Budget is:
- $57,020 BFA Commercial Dance
- $57,020 BFA Acting
- $57,620 BFA Film and Digital Content
- $57,020 BFA Art
- Average transportation costs are $109 per month.
The Expected Family Contribution is the amount that a student and the student’s family can be expected to contribute to their educational costs, in this case the Student Expense Budget. The expected family contribution is based upon information provided by the student on the Free Application for Federal Student Aid. The Central Processing System of the Department of Education analyzes the FAFSA information and takes into consideration elements such as available income, whether the student is a dependent of their parents, is independent, or has a spouse and/or dependents of their own. The expected contribution of a student and their parents, if applicable, forms the basis of the
Expected Family Contribution.
The calculation of the Expected Family Contribution is required to determine eligibility for any Financial Aid Programs. Financial need of the student is determined by subtracting the Expected Family Contribution from the Student Expense Budget:
Student Expense Budget – Expected Family Contribution = Financial Need
VERIFICATION POLICIES + PROCEDURES
All applicants selected for verification will be required to submit verification of household size, number in post-secondary school, AGI, U.S. income taxes paid and untaxed income and benefits. Students must complete a verification worksheet and provide documentation of income. Documentation should be submitted within two (2) weeks of the request. Sometimes it is necessary to contact outside sources which could result in additional delays. Therefore, while the student must obtain the necessary documentation, a longer period of time is permitted, as long as the student meets all Federal submission deadline dates for verifications.
If you are applying for a PELL Grant, you must complete verification no later than sixty (60) days after the last day of enrollment or August 30 (following the end of the award year), whichever is earlier. Failure to submit needed documentation by stated deadlines may result in denial of aid. Pell applicants who do not meet Federal deadline for submission cannot receive a PELL Grant. The student must meet with the Financial Aid Officer to discuss any problems in verifying information.
The student will know the required documents to submit to the financial aid office at the entrance interview. These documents will include an IRS FORM 1040/1040A/1040EZ (where applicable) to verify adjusted gross income and U.S. income taxes paid. In addition, a statement of untaxed income will be required where applicable. Documentation of untaxed income may include a Social Security 1099, an Unemployment Compensation 1099, or letter from the local Welfare Agency.
If the submitted data fails to meet requirements, or the award changes due to verification, the financial aid administrator will contact the student either through a note to the classroom or by asking the student to come to the Financial Aid Office. If corrections must be made to the application, it will be necessary for the student and parent/spouse to sign part 2 of the SAR and resubmit it for corrections. After the verification procedures are complete, the student will receive a notification that will confirm that their file meets Federal standards of accuracy.
All of the above constitutes the applicant’s responsibility with respect to verification of required information. You are required to meet the deadlines set above and report to the Financial Aid Office when requested.
We are required by Federal regulations to make referrals to the U.S. Department of Education, Office of Inspector General, if it is suspected that aid was requested under a false pretense. We take our role as a proper steward of federal funds very seriously and will cooperate with government agencies in the full prosecution of students who are found to have provided falsified documentation.
The student is always required to resolve information that appears to be conflicting. This requirement holds true whether or not the central processing system selected the student for verification.
Required Verification Items
There are five items that require verification by the Federal government if a student is selected by the CPS because they have a material effect on the EFC formula:
- Adjusted Gross Income
- U.S. Taxes Paid
- Certain Untaxed Income
- Household Size
- Number in Postsecondary Schooling
Certain Untaxed Income
There are eight types of untaxed income which require verification:
1. Social Security Benefits
2. Child Support
3. IRA/Keough Deductions
4. Foreign Income Exclusion
5. Earned Income Credit
6. Interest on Tax-Free Bonds
7. Untaxed Portions of Pensions
8. Credit for Federal Tax on Special Fuels
In addition to verifying these sources untaxed income, non-filers must submit a statement which certifies their non-filer status and list the sources and amounts of untaxed income and benefits.
Acceptable Documentation: All applications selected for Verification must complete and sign (including spouse and parent signatures, if applicable) a Verification Worksheet. There are separate worksheets for dependent and independent students.
The Verification Worksheet provides a chart to document household size and number in postsecondary education. You must provide the name, age, and relationship to student of all members of the household. In addition, for those members of the household who are reported as enrolled in postsecondary education, you must provide the name of the institution in which they are enrolled.
SATISFACTORY PROGRESS STATEMENT
Student eligibility for certain state and federal programs of student financial aid depends upon maintaining satisfactory academic progress in their program and completion of their degree in accordance with this policy. However, students should be informed that this policy applies equally to full-time and part-time students as we as students that do not receive financial aid. The student aid programs affected by the satisfactory academic progress policy are:
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant (SEOG)
- Federal Work-Study Program
- Federal Subsidized and Unsubsidized Stafford Loan
Courses where a student withdrew, failed, or was awarded no credit count as attempted but not completed. Credits transferred in will count as attempted and completed. Students in all levels must be working toward graduation requirements. Under no circumstances may a student receive aid for more than 150% of the published program length (e.g. Studio School’s 4 year program must be completed in no more than 6 years).
If a student fails to maintain satisfactory academic progress with regard to the minimum grade point average or completed credits at the end of any academic year, the student will be officially notified in writing by Studio School and immediately be placed on probationary status. The probationary status will remain in place until the end of the immediately following academic year. During probation, students will continue to be eligible for federal student aid. Studio School may place academic restrictions on the student during the probationary period to help ensure that the student successfully reinstates satisfactory academic progress by the end of the probationary period. Students that fail to obtain a cumulative grade point average in accordance with the minimum standards of this policy or fail to complete the minimum percentage of credits during the probationary period will cease to be eligible for federal student aid programs and all federal student aid will be canceled. Students whose aid is canceled are not eligible for additional financial aid until the student completes all necessary coursework or improves their GPA to exceed the minimum threshold.
WITHDRAWAL/LEAVE OF ABSENCE
Students must make all requests for leave of absence in writing. The request must provide the date on which leave of absence is requested to commence, and a reasonable explanation as to why the student is requesting a leave of absence. Studio School may approve a leave of absence in its discretion. A Leave of Absence cannot exceed 30 days. Please contact the Registrar for additional details and requirements. Students are encouraged to provide written notice of withdrawal to the Registrar prior to withdrawing from a Studio School program. Failure to provide written notice of withdrawal can delay any refunds owed to the student. Students considering withdrawal should contact the Registrar for information and withdrawal forms. Additionally, students considering withdrawal who have been the recipients of financial aid will have continuing obligations and options available to them, and should contact the Studio School Financial Aid Office to discuss the effect of withdrawal on their financial aid portfolio and schedule an Exit Interview as applicable.