In order to apply for on-campus housing at The Academy of Art University you will need to pay $500 in order to be given a room assignment. Many students are curious about what the housing deposit is used for and whether or not it's refundable when you move out of campus housing. Here are the top FAQ's regarding your $500 housing deposit:
1. What is my deposit used for?
1. What is my deposit used for?
The $500 security deposit is applied to your account as a $350 refundable security deposit as well as a $75 per semester, NON-REFUNDABLE, mandatory Building Maintenance fee. If it is determined that the resident is responsible for additional personal or common area damages, or lost keys, the housing deposit will be used and applied to those charges at the time the charges are assessed.
2. Do I need to maintain $500 in my account each semester?
It is solely the responsibility of the resident to maintain a minimum of $500 at the beginning of the fall semester and $250 at the beginning of the spring and summer semesters, even if that requires additional funds to be deposited during the term of the Agreement.
3. What is the Building Maintenance Fee that I am being charged $75 each semester?
Each week EVERY residential room on campus is cleaned by our housekeeping team (floors and bathroom), as well as the common areas being cleaned on a regular basis. In order to ensure that you receive as much of your deposit back as you possibly can when you leave housing, you will want to maintain your personal space (no holes in walls, no damage to carpet/floors, no trash or other items left in your space upon check-out) and leave it the way it was when you first moved into your room.
