The Academy of Art University, formerly Academy of Art College and Richard Stephens Academy of Art, is a privately owned for-profit art school in San Francisco, California, in the United States. It was founded as the Academy of Advertising Art by Richard S. Stephens in 1929. It has 283 full-time teachers and 1154 part-time teaching staff, and about 11,000 students;[when?] it claims to be the largest privately owned art and design school in the United States.
The school has open admissions and an admission acceptance rate of 100%. In 2016, its accreditor expressed concern over low graduation rates; approximately 7% of students then completed a four-year degree within the allotted time. As of 2015, the school had not published job placement rates since 2006, and was disagreeing with the US Department of Education over whether it is required to do so.
The school is one of the largest property owners in San Francisco, with the main campus located on New Montgomery Street in the South of Market district.