Borrowing for Your CalArts Education

Loans are money you borrow that must be repaid with interest. The cost of attendance may be offset by other forms of financial assistance, such as scholarships, grants and work study. Loans can help with the rest. Eligibility for federal loans require a FAFSA to be completed each year. In addition to these direct federal loans to students, there are also Parent PLUS Loans and private loans available for further financing. Please note that there is a 5-10 business day processing timeframe for loan certification and origination after loan steps are completed. It is recommended to complete any and all outstanding application steps for all loans at least 30 days prior to the start of an academic term you need loan funds for.