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FREQUENTLY ASKED QUESTIONS – FINANCIAL AID/TUITION

If I have attended college but did not graduate, am I still eligible for financial aid?

If I already have earned my undergraduate degree, am I still eligible for financial aid?

If I have already earned my undergraduate degree, would Circle be considered a graduate program on the FAFSA application?

Will my financial aid cover my tuition?

How can I receive extra funds to supplement my federal aid?

Can I pay my tuition with a credit card?

Does the tuition increase every year?

What do I need to do to apply for financial aid?

What is Circle in the Square Theatre School’s federal code?

What do I do after I have completed my online FAFSA?

How can I check on the status of my FAFSA?

Where can I find out more information about student loans?

I am financially independent from my parents, can I file my FAFSA as an independent student?

What is the tuition refund policy?

Is there a way to defer payments on student loans from the school(s) I attended prior to coming to Circle?

If I have attended college but did not graduate, am I still eligible for financial aid?
Usually. Of course it depends on your financial situation, but completing some college does not prohibit you from applying for aid.

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If I already have earned my undergraduate degree, am I still eligible for financial aid? Usually. Of course it depends on your financial situation, but earning your undergraduate does not prohibit you from applying for aid.

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If I have already earned my undergraduate degree, would Circle be considered a graduate program on the FAFSA application? No. The answer to question 49 on the FAFSA is always “NO”. Circle is an undergraduate certificate program even if you have already earned an undergraduate degree.

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Will my financial aid cover my tuition? Most of the time financial aid will cover a good portion of tuition, but not all of the tuition.

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How can I receive extra funds to supplement my federal aid? You can look into private student loans. Usually these do not have the same low interest rates federal loans do, but it is something to consider. For comprehensive information about how private student loans work, please visit http://www.finaid.org/loans/privateloan.phtml. For a list of the most popular private student loans, please visit The Smart Student Guide to Financial Aid.

IMPORTANT:  Do not apply for any private student loans until you have applied for and received your federal aid award letter from Circle.  If you apply for private student loans before you have qualified for federal aid, it can reduce the amount of federal loans/grant money you are eligible for.  It is always recommended that you exhaust all federal aid options before resorting to private loans.

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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.

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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.

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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. Once all your paperwork is complete and you have been accepted into the program, we certify your financial aid amounts and verify that you will be an incoming student. Financial aid, by law cannot be distributed until you have been enrolled in a program for approximately 30 days. Usually the money comes to the school in mid-October. Your FAFSA can be completed at http://fafsa.ed.gov.

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What is Circle in the Square Theatre School’s federal code? 014760

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What do I do after I have completed my online FAFSA? Once you have completed your FAFSA, you need to begin researching banks or credit unions to go through for your loans. The institution will require you to fill out a promissory note. Once you receive your financial aid award letter from Circle in the Square Theatre School, 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.

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How can I check on the status of my FAFSA? Call 1-800-4-FED-AID.

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Where can I find out more information about student loans? Check out Funding Education Beyond High School.

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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 they do not support you.

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What is the tuition refund policy? Students who must, for whatever reason, withdraw from any Theatre School program, will receive refunds of tuition in the following manner:

  • Withdrawl prior to the opening date: 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: An Administrative fee of $100 will be deducted from all refunds. Requests for refunds must be made to the School Director in writing.

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Is there a way to defer payments on student loans from the school(s) I attended prior to coming to Circle? Yes. You must contact your lender to obtain a deferment form. Once you've been accepted to Circle in the Square and paid a deposit to hold your spot, you should bring the deferment form to the administration at Circle. We would then sign the form indicating that you are enrolled as a full-time student and are therefore eligible for deferment on your previous student loans.

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1633 Broadway at 50th Street
New York City, NY 10019
Tel: 212-307-0388
Fax: 212-307-0257
Email:
admissions@circlesquare.org