Below are additional options to help pay your balance.
1. Enroll in the Monthly Payment Plan
By enrolling in the Monthly Payment Plan, you divide the balance owed each semester into smaller installments that you pay over time. There is an enrollment fee for the program, but you are not charged interest on your balance. For more information, contact the Student Accounts/Business Office.
2. Outside Scholarships
Outside Scholarships are a great resource to help you pay your balance. Check with your high school, congregation, your parent(s)’ employer(s), community organizations, and online for scholarship opportunities. A word of caution, if it costs you money to search or apply, it is probably not a legitimate opportunity. Most scholarships are for one year so students should continue to do this throughout each year of attendance at CalArts. CalArts posts various scholarship opportunities throughout the year.
For U.S. Students For International Students
3. Additional Loan Options
Parent PLUS Loans
Parents of dependent undergraduate students, who complete a FAFSA for the academic year can apply for a Federal Direct Parent PLUS Loan to help brige the gap between the cost of attending CalArts and the financial aid the student is currently receiving. To learn more about eligibility, interest rates, repayment and the application process please see this link. Dependent Undergraduate students will have a Parent PLUS loan listed on their financial aid award letter, the amount listed is not the maximum that can be borrowed, parents can request up to the cost of attendance minus any other financial aid the student is receiving during the application process.
Graduate PLUS Loans
Graduate students are eligible to apply for a Graduate PLUS Loan. Receipt of this loan is contingent on the approval of a Federal Graduate Plus Loan application, which includes a credit check. The federal credit check process will check for adverse credit history, if a student is denied they have a few options - students can appeal the decision with the Department of Education, the student borrower can also add an endorser (co-signer) to their loan. Plus Loans can be borrowed for up to the cost of attendance, minus any other financial aid the student is receiving. Plus loans must be repaid by the student borrower. More information about eligibility, interest rates, repayment and how to apply for Parent PLUS Loans can be viewed here.
Private Education Loans
Students may apply for an Alternative/Private Education Loan to assist in paying the balance owed to CalArts. This is a credit-based loan and we encourage students to have a co-signer to reduce the variable interest rate. For more information, contact the Office of Financial Aid.
Please contact our office at 661-253-7869 or 800-443-0480 or by email at finaid@calarts.edu with any questions.