Tuition and Fees 2013-2014



Tuition

$30,688

Accident/Sickness Insurance (Required)*

$1112

Student Activities Fee

$50

Lab / Facility Fees

$900

Matriculation Fee (First-time Attendees Only)

$155

Graduation / Thesis Fee (Graduates Only)

$155

 

 

Dormitory Charges, 2013-2014

Dormitory Room Single Occupancy

$5,324

Dormitory Room Double Occupancy

$2,993

 

Estimated costs for the 9-month academic year

All costs other than required tuition and fees will vary depending on the student’s lifestyle choices.  Students who budget carefully may find that they spend less than the estimated costs below.

 

Meals + Housing

$7,300

Supplies

$2,500

Personal Expenses

$2,475

Transportation

$2,480

 

Total Estimated Costs**

$47,660

*May be waived with proof of comparable insurance coverage.

**Students who receive federal financial aid and borrow federal loans will also have estimated loan fees of $585 included in their Cost of Attendance budget for financial aid purposes for an estimated total cost of $48,245.

Account statements, including tuition, fees, insurance (full annual amount charged in fall semester), and any required deposits are provided to students in July.  Payment in full is due on or before the first day of the semester; late fees apply for unpaid balances.  If applicable, the fall portion of grants and scholarships will be reflected on the billing statement.  Students borrowing loans will not see their loan amounts reflected on the billing statement.  Please retain the loan confirmation that will be sent to you for reference; you may deduct the net disbursement listed on the loan confirmation from your balance due.  Invoices for spring semester will be placed in on-campus student mailboxes in November.  Again, any applicable grants and scholarships will be reflected; pending loan disbursements will not appear on the invoice.  Any charges made to student accounts during the academic year will be billed to students monthly and must be paid within the month billed; bills are placed in on-campus student mailboxes.

Cranbrook does not accept credit cards for tuition payments. Tuition and fees may be paid by personal check, money order, traveler’s checks, cashier’s check, or by wire transfer to Cranbrook’s bank account.

Instructions for Sending Deposits and Payments to the Academy - Download & Print PDF

 

Withdrawal Procedures, Refunds, and Return of Aid:


A student wishing to withdraw from the Academy must submit written notice to Leslie Tobakos, Registrar, Financial Aid & Admissions Manager.  Failure to attend or mere verbal notification will not be regarded as official notice of withdrawal. The initial studio and dormitory deposits are non-refundable.  Fees for lab, student activities, matriculation, graduation, and accident/sickness insurance are administrative or consumable, and as such are non-refundable.  Tuition is refundable according to the following schedule:  Week 1, 80% refund;  Week 2, 60% refund; Week 3, 40% refund;  Week 4, 20% refund;  after Week 4, no refund.  Students who withdraw prior to completing 60 percent of the term have not "earned" all of their federal financial aid, and a Return of Title IV Funds calculation must be performed. The unearned portion of the aid (based on the number of days remaining in the term) is returned to the lender.  In accordance with federal regulations, unearned aid is returned in the following order:  Unsubsidized Direct Loans, followed by Graduate PLUS Direct Loans.  Contact the Registrar, Financial Aid & Admissions Manager with questions.