There are so many options to help you pursue your dream to be an actor!  Don’t let money be the reason you don’t! Conservatory students can complete the Free Application for Federal Aid (FAFSA) to learn what kinds of grants and loans they may be eligible to receive.   The application is easy to complete right on line at: www.FAFSA.ed.gov. What you will need: 1)  Your 2009 Federal Tax return (if you did not work or were not required to file skip this step.) 2) If you were not born before January 1, 1987 you will need your parent(s) 2009 Federal Tax Return. 3)  The Conservatory's school code:  014941 E-mail us to set up an appointment to go over your financial aid options today – NCDADrama@aol.com. Grants Grants are need-based and your eligibility to receive them is based on the evaluation of the financial information you supply to the Department of Education in your FAFSA. Pell Grant Pell Grants range from $400 to $2,600 per semester depending on your eligibility.  Grants do not have to be repaid. Federal Supplemental Educational Opportunity Grant (FSEOG) The FSEOG grant ranges from $100 to $600 per semester depending on your eligibility.  Grants do not have to be repaid.

Loans Federal Student Loans are available to all students who are not currently in default on a student loan - there is no credit check as with a provate loan.  There are two types of federal loan available to students: Stafford Subsidized Loan Subsidized means that the Federal Government pays the interest on your student loan for the time that you are in school and for six months after you leave school.  So the only thing waiting for you when you graduate is the principal of what you borrowed. Stafford Unsubsidized Loan This loan is the opposite of the Subsidized Loan - interest on this loan begins to accrue immediately.  But - you can elect to pay your interest while you are in school so that the loan is not accruing interest during your studies.   Dependent Students   Independent Students     Subsidized Loan Amount Unsubsidized Loan Amount Subsidized Loan Amount Unsubsidized Loan Amount Year One $3,500 ($1750/Semester) NA $3,500 ($1750/Semetser) $4,000 ($2,000/Semester) Year Two $4,500 ($2250/Semester) NA $4,500 ($2,250/Semester) $4,000 ($2,000/Semester) If You Already Have Student Loans: If you have student loans already from prior study you can put them into deferment while you are enrolled at the Conservatory.  It's easy - you call the organization that is servicing your loan and ask for an in school deferment form.  Once you have enrolled and started your classes give this form to the director of financial aid and it will be completed and sent back to your loan servicing company to let them know that you are enrolled in school again. Student Loan Interest Tax Deduction If you do have loan interest - remember that you can write your student loan interest on your Federal Tax Return.

Veteran's Benefits Veterans of the Armed Forces can use their benefits to train at the Conservatory too!  The Conservatory is approved for The Montgomery GI Bill - Chapter 30 and for Vocational Rehabilitation benefits.   What you will need:   Your DD-214 - simply give this to the director of financial aid and we will process your benefits through the VA.  If you have never activated your education benefits (used them before) see the director of financail aid for a form 22-1990 to activate your benefits today. Tuiton Tax Credits: In 1998 Congress passed a tuition tax credit which allows taxpayers to deduct a percentage of their out-of-pocket tuition expenses (percentage based on tax bracket) on their Federal Tax Return.  For more information on the Hope Scholoarship and Lifetime Learning Tax Credits visit:  http://www.irs.gov/formspubs/article/0,,id=177996,00.html