Quantcast

Annual Costs

Undergraduate Tuition

Tuition for American Academy of Dramatic Arts New York is $33,420 for the 2017/2018 academic year. This is 126% more expensive than the national average college tuition of $14,817. The cost is 242% more expensive than the average New York tuition of $9,759 for 2 year colleges. Tuition ranks 66th in New York amongst 2 year colleges for affordability and is the 2nd most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $750 in addition to tuition bringing the total effective in-state tuition to $34,170.

Housing Costs

American Academy of Dramatic Arts New York doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the New York area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $16,920.

Books and Supplies

The estimated annual cost for books and supplies is $570.

Other Living Expenses

Off-campus students should budget for $3,680 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to American Academy of Dramatic Arts-New York was $55,340 for the 2017/2018 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $40,420.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for American Academy of Dramatic Arts New York and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for American Academy of Dramatic Arts New York
Estimated Budgets
New York Resident Total Budget (Living Off Campus)$55,340
   In-State Tuition$33,420
   Other Fees$750
   Off-Campus Housing Budget$16,920
   Off-Campus Other Budget$3,680
   Books and Supplies$570
New York Resident Total Budget (Living with Parents)$40,420
   In-State Tuition$33,420
   Other Fees$750
   Family Provided Room and Board$0
   With-Family Other Living Budget$5,680
   Books and Supplies$570
Non-Resident Total Budget (Living Off Campus)$55,340
   Out-of-State Tuition$33,420
   Other Fees$750
   Off-Campus Housing Budget$16,920
   Off-Campus Other Budget$3,680
   Books and Supplies$570

Advertisement

What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $55,340 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported American Academy of Dramatic Arts-New York net price for in-state students is $39,807* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

92% of American Academy of Dramatic Arts New York students received grant aid in 2014/2015. The average total aid amount was $12,616. 60 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,748. To apply for a Pell Grant to attend American Academy of Dramatic Arts New York, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for American Academy of Dramatic Arts New York
Financial Aid Summary
Average Annual Net Price$39,807*
Percent of Students Receiving Grant Aid92%
Average Total Grant Aid$12,616
Percent of Students Receiving Pell Grants60%
Average Amount of Pell Grant Aid$4,748

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$39,615
$30,001 to $48,000$40,720
$48,001 to $75,000$42,427
$75,001 to $110,000$44,077
$110,000+n/a

Average Financial Aid Mix - $55,340 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $55,340. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

24%
36%
39%

Grants and Scholarships

 24% - $12,616

Money granted to you by the U.S. Department of Education, American Academy of Dramatic Arts New York or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 36% - $18,653

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 39% -  $20,391

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. American Academy of Dramatic Arts New York
Phillips Beth Israel School of Nursing12% less expensive
American Academy McAllister Institute of Funeral Service49.4% less expensive
Professional Business College72.7% less expensive
Institute of Design and Construction74.7% less expensive
Bramson ORT College67.7% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at American Academy of Dramatic Arts New York.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at American Academy of Dramatic Arts-New York is $110,680 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $28,068 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $56,136**

**Based on a 2 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at American Academy of Dramatic Arts New York.

New York Resident Tuition Per Semester$16,710
New York Resident Total Cost Per Semester$27,670

Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 83% of American Academy of Dramatic Arts New York students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $18,653.

Example Loan Payments and Costs

How much are student loan payments for American Academy of Dramatic Arts New York? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $56,136, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $69,651.90. This could be your effective total out of pocket cost of an education at American Academy of Dramatic Arts New York. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 92% of students at this school who receive financial aid and you are paying an average annual net price of $28,068. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our American Academy of Dramatic Arts New York student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

American Academy of Dramatic Arts New York Student Loan Payments
Example Payments
Monthly Loan Payment$580.43
Amount Borrowed$56,136.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$13,515.90
Sum of All Payments over 10 years$69,651.90

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend American Academy of Dramatic Arts-New York? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending American Academy of Dramatic Arts New York, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $69,651.90 would be needed to afford a $580.43 monthly payment in the example $56,136.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to American Academy of Dramatic Arts New York in the future? In the past four years, this school's published in-state tuition and fee total rose from $29,900 to $33,420. This amounts to an average annual price increase of 2.4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $110,680.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for American Academy of Dramatic Arts New York.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$72,395$144,790
Estimated Cost in 10 years for students enrolling in 2029$92,397$184,793
Estimated Cost in 15 years for students enrolling in 2034 $117,924$235,848
Estimated Cost in 18 years for students enrolling in 2037 $136,512$273,024

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at American Academy of Dramatic Arts New York to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Acting Associate's Degree 88 117% costlier

Calculators

Use the calculators below to formulate a college savings plan for American Academy of Dramatic Arts New York or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford American Academy of Dramatic Arts New York in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a American Academy of Dramatic Arts New York student loan.

Prepayment Option

About American Academy of Dramatic Arts New York

American Academy of Dramatic Arts New York is a two year private college located in New York, New York.  Full time enrollment is 310 and part time is 0. Learn more about getting accepted at American Academy of Dramatic Arts New York at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
American Academy of Dramatic Arts New York
120 Madison Ave
New York, New York
10016

For Profit / Not For Profit Status

American Academy of Dramatic Arts New York is a private not for profit institution.

American Academy of Dramatic Arts New York cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=188678 IPEDS survey data.