<p>University of the Arts, in Philadelphia, is out of your price range, but they do offer some talent scholarships (my son received one), that would bring them closer. Our financial burden is no greater than it would be at a state university other than our own. They have both Musical Theater and Acting BFAs available, and seem to draw a very diverse student body. They are somewhat less selective than, say, UNCSA or Purchase, and offer a lot of opportunities within the Philadelphia arts community (including annual productions at the historic Merriam Theatre).</p>