2014-2015 Tuition and Fees
|Total Tuition, 2014-2015||$31,916|
|Total Fees, 2014-2015||$2,387|
|Breakdown of Fees:|
|Student Activity Fee||$50|
|Lab / Facility Fee||$975|
|Matriculation Fee (1st year only)||$160|
|Graduation Fee (2nd year only)||$160|
*Health Insurance is mandatory. Students who submit proof of comparable health insurance may waive the Cranbrook Academy of Art Health Insurance; total fees will decrease by $1,202.
New students are required to submit a non-refundable $1,000 Studio Deposit, payable within two weeks of an offer of admission; this deposit is applied to first-semester tuition charges. The $200 Dormitory Deposit, required to reserve a room in the dorms, is also non-refundable.
Tuition and Fees are payable in full on or before the first day of the fall semester. Cranbrook Academy of Art is unable to offer a payment plan. Please see Payment of Tuition, Fees, and Student Charges below for payment instructions.
Tuition Refund Policies: All notifications of withdrawal must be submitted in writing to Leslie Tobakos, Registrar, Financial Aid & Admissions Manager, who will determine the official date of withdrawal. Tuition is refunded based on the official date of withdrawal. Failure to attend or mere verbal notification will not be regarded as official notice of withdrawal.
Fees are considered administrative or consumable; as such, they are not refundable. This includes the Student Activity Fee, Lab / Facility Fee, Matriculation Fee, and Graduation Fee. The Health Insurance Fee is only refundable if the student officially notifies Leslie Tobakos of withdrawal prior to October 1st.
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. Cranbrook Academy of Art need-based grants will be deducted from total tuition charges when determining student responsibility for purposes of refunds. Merit scholarships are revoked if a student withdraws; the scholarship amount will be added back to the student’s charges when determining any refund and may result in a student owing a balance.
Return of Title IV Funds: Students who borrow federal student loans and subsequently withdraw from Cranbrook Academy of Art during the first 60% of the semester will be subject to federal regulations regarding Return of Title IV Funds. Aid is “earned” based on the number of days the student has been enrolled in the term. The unearned portion of the student’s aid (based on the number of days remaining in the term) is returned to the lender by the school and may result in a student owing a balance to Cranbrook Academy of Art. In accordance with federal regulations, unearned aid is returned in the following order: Unsubsidized Direct Loans, followed by Graduate PLUS Direct Loans.
Please note that Cranbrook Academy of Art’s institutional refund policy is separate from the federal Return of Title IV Funds policy. Contact the Registrar, Financial Aid & Admissions Manager with questions.
Payment of Tuition, Fees, and Student Charges
Account statements (invoices), which include tuition, fees, and any required deposits are provided to enrolled students in July (fall semester) and November (spring semester). The full annual amount of Health Insurance is charged each fall semester. The Matriculation Fee is charged to 1st year students in Fall semester, and the Graduation Fee is charged to 2nd year students in their final semester. Invoices for fall semester are mailed or emailed to students each July. Invoices for spring semester are placed in the student’s campus mailbox in November.
If applicable, the semester portion of grants and scholarships will be reflected on the account statement. Students borrowing loans will not see their loan amounts reflected on their invoices. A Loan Confirmation, indicating the net loan amount that will be applied to the student’s account for the semester, is provided to each borrower prior to the start of the semester. Students are asked to retain the Loan Confirmation for reference; the amount of the net loan disbursement listed on the Loan Confirmation may be deducted from the balance due listed on the student’s invoice.
Payment in full is due on or before the first day of each semester; Cranbrook Academy of Art is unable to offer a payment plan. A late charge of $25 is assessed for any payments received after the first day of the semester, and subsequent late fees may be charged for unpaid balances. Payments may be made by personal check, cashier’s check, traveler’s check, money order, wire transfer, or cash. See below for detailed payment instructions. Credit cards are not accepted for payment of student charges, with the exception of the $1,000 Studio Deposit only.
Any charges made to student accounts during the academic year are billed monthly. Student account statements, including notification of past due balances, are placed in students’ campus mailboxes monthly and are payable within 30 days of the billing date. Students are responsible for checking their mailboxes on a regular basis.
Payments can be made at the front desk of the CAA Office or may be sent to the address on the billing statement. Any payment not received in the office by the due date will result in a late fee or late charge. Payments sent but not received by the due date will be considered late.
When wiring funds as payment, please consider any wire transfer fees from your bank in order to be sure you are wiring the correct and total amount to Cranbrook. If bank fees are charged from your payment, it may result in a balance remaining on your account which could then incur a late fee. Wire transfer instructions will be sent to all admitted and enrolled students and are also available on this website on the Intranet. Please contact the CAA Office with any questions related to payments: (248) 645-3300.