The American Film Institute has nearly tripled its funding for scholarships in an effort to compete with larger film schools and to help students pay for the institute's $47,000 in annual tuition.
In the past, AFI found it was attracting candidates for its program and then losing them to schools that offered better financial aid. The school often had to look past the list of students it had already accepted, to an alternate list, to fill out its student body.
“We had lost a number of fellows who wanted to go to AFI to schools with more robust scholarship programs,” said Bob Gazzale, the CEO of AFI.
To combat that, the AFI Board of Directors set the...