American College of Arts and Performing Arts  |  Eastbridge, Vermont 05401  |  Founded 1947  |  1-802-555-0100  |  Contact  |  Apply Now

Financial Aid & Scholarships

ACAPA is committed to making an exceptional arts education accessible to all qualified students regardless of financial background. More than 74% of enrolled students receive some form of financial assistance, including need-based grants, merit scholarships, work-study, and federal loans. This page explains all aid programs available to degree-seeking students and describes the steps required to apply.

Questions? Contact the Office of Financial Aid directly: finaid@acapa.edu  |  802-555-0180  |  Whitmore Hall, Room 114.

2025–2026 Cost of Attendance

The following figures represent the estimated annual cost for a full-time undergraduate student living on campus. These figures are reviewed and updated each July for the forthcoming academic year.

ComponentAmount
Tuition (full-time, 12–18 credits/semester)$41,800
Room & Board (standard double occupancy + meal plan)$14,200
Mandatory Fees (student activity, health services, technology)$1,640
Books, Scores & Art Supplies (estimated)$1,200
Personal Expenses (estimated)$1,800
Transportation (estimated)$600
Total Estimated Cost of Attendance$61,240
Note: Tuition for students enrolled in fewer than 12 credits per semester is charged at $1,860 per credit hour. Part-time students may have different aid eligibility. See the Tuition & Fees page for full details.

Room and board costs vary slightly by residence hall assignment and meal plan tier. The figure above reflects the standard double room with the Silver Meal Plan (14 meals/week). See Housing & Dining for a full breakdown.

Need-Based Financial Aid

ACAPA awards institutional need-based grants to admitted students who demonstrate financial need as determined through the FAFSA and CSS Profile. Need-based aid does not need to be repaid and is applied directly to your student account. Aid is renewable annually provided the student remains enrolled full-time and continues to demonstrate financial need.

ACAPA Institutional Need-Based Grants

Grants range from $3,000 to $28,000 per year depending on demonstrated need, available institutional funds, and enrollment status. The average institutional grant award for the 2024–2025 year was $16,400.

Federal Pell Grant

Eligible students may receive a Federal Pell Grant of up to $7,395 for 2025–2026 (subject to federal appropriations). Pell Grant eligibility is determined solely by the FAFSA. Students with a Student Aid Index (SAI) at or near zero typically receive the maximum award. Pell Grants may be used in combination with ACAPA institutional aid.

Federal Supplemental Educational Opportunity Grant (SEOG)

ACAPA participates in the Federal SEOG program, which provides additional grants of $100–$1,000 to students with exceptional financial need who also receive Pell Grants. Funds are limited; priority is given to students who file by the February 1 priority deadline.

Vermont State Aid Programs

Vermont residents may be eligible for additional state grants including the Vermont Grant (up to $11,200/year for eligible residents) and the Vermont Non-Degree Student Grant Program. Eligibility is determined through the FAFSA. Contact the Vermont Student Assistance Corporation (VSAC) at vsac.org for details.

Merit Scholarships

ACAPA offers a range of merit-based scholarships for students who demonstrate exceptional artistic talent, academic achievement, or a combination of both. Merit awards do not require demonstrated financial need and are evaluated separately from need-based aid. Students may hold a merit scholarship in addition to need-based grants, provided the combined award does not exceed total cost of attendance.

Merit scholarships are automatically considered during the admissions review process. No separate scholarship application is required unless otherwise noted. Decisions are communicated in the admission letter.

Scholarship Name Annual Award Eligibility Number Awarded/Year
Calloway Scholarship Full Tuition ($41,800) Dance concentration; by audition 2
Dean’s Excellence Award $20,000 Any discipline; exceptional audition/portfolio 6
ACAPA Arts Merit Scholarship $12,000 Any discipline; strong audition or portfolio 15
ACAPA Talent Award $7,500 Any discipline; merit-based 25
Founders’ Scholarship $5,000 First-generation college students; all disciplines 8
Eastbridge Community Scholarship $4,000 Vermont residents; any discipline 10

All merit scholarships are renewable for up to four years provided the recipient maintains a cumulative GPA of 3.0 or above, remains enrolled full-time in their declared major, and continues to participate in the applicable performance or studio program as required by their scholarship terms.

◆ The Calloway Scholarship in Dance

Established in 1983 in honor of ACAPA alumna and donor Margaret R. Calloway (BFA Dance, 1961), the Calloway Scholarship is ACAPA’s most prestigious award. Two scholarships are awarded each year to incoming undergraduate students admitted to the Dance concentration.

Each Calloway Scholarship covers full tuition ($41,800) for four years, renewable annually subject to continued outstanding artistic development as assessed each spring by the Dance Faculty Committee. Recipients are expected to maintain a minimum cumulative GPA of 3.2 and perform in at least one major production per academic year.

Eligibility:

  • Incoming first-year students only (not available to transfer students)
  • Must be admitted to the BFA Dance program or BA with Dance concentration
  • Selection is based on audition adjudication scores, artistic potential, and faculty recommendation
  • No separate application required; nominated by the Dance Department during audition review
  • Recipients are notified by April 1 of their admission year

Full details about the Calloway Scholarship →

Federal Work-Study Program

ACAPA participates in the Federal Work-Study (FWS) program, which provides part-time employment opportunities for eligible undergraduate students with financial need. Work-study earnings help students cover personal and incidental expenses.

Students who are not eligible for federal work-study may apply for non-need-based campus employment through the Office of Student Employment in Whitmore Hall, Room 108.

Federal Student Loans

Loans are a form of self-help aid that must be repaid. ACAPA encourages students to exhaust all grant and scholarship options before borrowing. The following federal loan programs are available to eligible students:

Loan Type2025–26 Annual Limit (Dependent)Interest RateNotes
Direct Subsidized Loan Up to $3,500 (1st year) 6.53% Need-based; government pays interest while enrolled
Direct Unsubsidized Loan Up to $5,500 (1st year) 6.53% Not need-based; interest accrues during enrollment
Parent PLUS Loan Up to COA minus other aid 9.08% Available to parents of dependent students

Interest rates above reflect 2025–2026 federal rates and are subject to annual adjustment. All borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) at studentaid.gov before loan funds can be disbursed.

Completing the FAFSA

The Free Application for Federal Student Aid (FAFSA) is required for all federal aid programs including Pell Grants, federal loans, work-study, and some institutional need-based grants. All students seeking financial aid must file the FAFSA each year.

Tip: Filing your FAFSA by February 1 gives you the best chance of receiving the maximum available institutional aid. Many grants and work-study funds are awarded on a first-come, first-served basis.

CSS Profile

In addition to the FAFSA, ACAPA requires the CSS Profile for all students applying for institutional need-based grants. The CSS Profile is administered by the College Board and provides ACAPA with more detailed financial information needed to allocate institutional funds equitably.

The CSS Profile collects information beyond what the FAFSA captures, including home equity, retirement account balances, business ownership details, and non-custodial parent income. This allows ACAPA’s Financial Aid Office to develop a comprehensive picture of each family’s ability to contribute.

Important: Students who do not submit the CSS Profile will not be considered for ACAPA institutional need-based grants. The FAFSA alone is insufficient to apply for institutional aid at ACAPA. Both forms are required.

Key Deadlines

Deadline Date Applies To
Early Decision Financial Aid Deadline November 15 Incoming students applying ED; FAFSA + CSS Profile
Regular Decision Priority Aid Deadline February 1 All incoming students; FAFSA + CSS Profile
Regular Decision Final Aid Deadline March 1 Incoming students; late applicants (reduced funds available)
Continuing Student Renewal Deadline March 1 All returning students; FAFSA + CSS Profile renewal
Transfer Student Aid Deadline April 1 Transfer applicants; FAFSA + CSS Profile
Aid Award Notification (incoming, RD) April 1 Regular Decision admits who filed by Feb 1
Enrollment Deposit Deadline May 1 Incoming students must confirm enrollment

Financial Aid Statistics (2024–2025)

The following data reflects aid awarded to the 2024–2025 undergraduate student body.

74% of students receiving some form of financial aid
$16,400 average institutional grant award
58% of students receiving need-based aid
41% of students receiving merit scholarships
$9.2M total institutional aid awarded
$38,600 average total aid package (all sources)
32% of students with zero student loan debt at graduation
$22,640 average net price for aided students
Aid Type% of StudentsAverage Award
ACAPA Institutional Need-Based Grant58%$16,400
Federal Pell Grant29%$4,980
Vermont State Grant18%$6,200
Merit Scholarship (all types)41%$11,800
Federal Work-Study22%$2,100
Federal Direct Subsidized Loan44%$3,300
Federal Direct Unsubsidized Loan51%$4,800
Parent PLUS Loan17%$12,400

How to Apply for Financial Aid

  1. Submit Admissions Application. You must be admitted or have an active application before financial aid can be packaged. Apply at acapa.edu/admissions/apply.
  2. File the FAFSA. Open October 1 at studentaid.gov. Enter ACAPA School Code 005-2274. File by February 1 for priority consideration.
  3. Complete the CSS Profile. Open October 1 at cssprofile.collegeboard.org. Use ACAPA CSS Code 7284. Both the FAFSA and CSS Profile are required for institutional grant consideration.
  4. Submit Supporting Documents. ACAPA may request signed federal tax returns, W-2s, and other documentation via the ACAPA Financial Aid Portal. Check your portal regularly after submitting your CSS Profile.
  5. Review Your Award Letter. Financial aid award letters are issued with or shortly after your admission decision. Review carefully; contact the Financial Aid Office if you have questions or believe a reconsideration is warranted.
  6. Accept Your Award. Log in to the Student Aid Portal to accept, decline, or modify individual award components. Enrollment deposit must be paid by May 1.

Special Circumstances & Appeals

We understand that the FAFSA and CSS Profile may not always capture a family’s true financial situation. If your family has experienced a significant change in financial circumstances (job loss, divorce, death of a parent, high medical expenses, or other unusual situations), you may submit a Special Circumstances Appeal to the Financial Aid Office.

Appeals must be submitted in writing with supporting documentation. The Financial Aid Office will review each appeal on an individual basis and respond within 15 business days. See How to Appeal Your Aid Award for instructions and forms.

Outside Scholarships

Students are encouraged to apply for outside scholarships from private organizations, foundations, and community groups. All outside scholarships must be reported to the Financial Aid Office. Depending on your overall aid package, outside scholarship funds may reduce loan or work-study components before any reduction to institutional grants.

ACAPA maintains a list of recommended outside scholarship resources for performing and visual arts students: Outside Scholarship Resources →

Contact the Financial Aid Office

OfficeOffice of Financial Aid, Whitmore Hall Room 114
Phone802-555-0180
Emailfinaid@acapa.edu
HoursMon–Fri, 8:30 am – 4:30 pm EST
Walk-in HoursTue & Thu, 10:00 am – 12:00 pm
Fax802-555-0181

For faster service, please have your ACAPA Student ID or application ID ready when calling. You may also schedule a one-on-one financial aid counseling appointment through the Student Aid Appointment Portal.

Page last updated: March 2026. Aid figures reflect 2024–2025 academic year data. 2025–2026 federal loan interest rates are subject to change; verify current rates at studentaid.gov. ACAPA is an equal opportunity institution and does not discriminate in the awarding of financial aid on the basis of race, color, sex, national origin, religion, age, disability, or sexual orientation.