Paying for Your Education
The Professional Intensive program at RMSP is well worth the money you will spend. You'll finish our 8-month program ready to pursue photography as your career. If a future where your "day job" is also your passion sounds good, then RMSP just might be the right school for you.
There's no denying that pursuing your education after high school can be expensive. And, for most of us, finding that money can be challenging. Following are some ideas for how you can finance your education.
RMSP High School Scholarship Program
RMSP is a firm believer in students pursuing higher education following high school graduation. For our 2021/2022 program, RMSP will award up to five scholarships to graduating high school seniors who enroll in the Professional Intensive program. The scholarship value is a $5000 tuition credit. Scholarships are awarded through an application process, are based on merit and are to be awarded to students who want to be professional photographers. Scholarships will be awarded to qualifed applicants on a first-come, first-served basis.
- High school students may apply for the Professional Intensive program and the scholarship at any time during their last year of high school or following their high school graduation.
- Up to five scholarships will be awarded for the 2021/2022 Professional Intensive program.
- The scholarship value is a $5000 tuition credit.
- Scholarship applications for the 2021/2022 Professional Intensive program must be received by RMSP no later than midnight, December 11, 2020.
- Only one scholarship per person will be awarded.
- Only those students who graduate from high school in the same year as enrolling in the Professional Intensive program are eligible to apply.
- Students must have a Grade Point Average (GPA) of at least 3.0 to be considered.
- In order to apply, students need to submit a copy of their transcript from their most-recently completed term, a Letter of Intention, explaining what they intend to do with their photography in the future, and a Letter of Recommendation from one of their high school teachers. The letter of recommendation should attest to the student's character, academic strengths, unique skills and accomplishments. For more tips, read "How to Get a Great Letter of Recommendation" from College Board.
- We do not require applicants to provide a photographic portfolio with their application. We want all graduating high school students to be eligible, even those who have no prior photographic experience!
- Scholarships are awarded at the sole discretion of the RMSP School Directors.
- Scholarships for the 2021/2022 Professional Intensive program will be awarded on Friday, December 18, 2020.
In order to apply for the scholarship and be considered, please email a copy of your high school transcript from your most recently completed term, your Letter of Intention and a Letter of Recommendation to Bob McGowan at email@example.com.
A student loan is money that you borrow from a financial institution to help you pay your tuition and other education-related expenses, including equipment, room and board, etc. Student loans must be re-paid in full — with interest! If you're interested in a student loan, please make sure that you understand the loan repayment terms and that you do not borrow more than you can afford to re-pay.
There will be a loan application process. Private lenders will look at your credit history and your debt-to-income ratio to determine if you are eligible for a loan. You may be asked to get a credit-worthy cosigner, such as a parent. If you are approved for a loan, the loan company will make disbursements directly to RMSP for your educational expenses. Again, make sure you fully understand the terms and amount of the loan before you sign on the dotted line!
Students interested in the Professional Intensive program have the option of applying for a Sallie Mae Career Training Smart Option Loan through SLM Financial, a Sallie Mae company. This is a "private" loan, not a "federal" loan. (Federal loans are not available to RMSP students). For those students approved for an educational loan through SLM Financial, SLM Financial will make tuition payments to RMSP according to the disbursement schedule agreed upon by the student and RMSP. Students approved for a loan through SLM Financial are required to pay their tuition deposit up front. For that reason, we recommend that students finalize loan applications prior to remitting their tuition deposit. To learn more about, and apply for, a loan, please visit www.salliemae.com/student-loans/career-training-smart-option-student-loan/?lnkid=SM-HP-loanoptions-careertraining.
Additional ideas for funding your education can be found in our Funding Resources for PI guide.