A GUIDE >>> newschool.edu EYFINANCINGOURDUCATION
*Merit- and need-based institutional aid awarded by The New School to students enrolled in degree programs on the university's New York City campus in the 2020–2021 academic year. UNDERGRADUATETOTALUNDERGRADUATEUNDERGRADUATE GRADUATEGRADUATEGRADUATE85% 80% 39% 58% $37.1 $M 89.4 M $1 2 6.5 M Percentage of students who received New School financialinstitutionalaidTotalinstitutionalaidawarded Average percentage of tuition covered by institutional aid INSTITUTIONAL AID: FACTS & FIGURES*
INVESTING IN HIGHER EDUCATION IS ONE OF THE MOST EVERDECISIONSIMPORTANTYOU’LLMAKE.
Higher education can play a transformative role in students’ lives and set them on paths they never could have imagined. At The New School, we’re sensitive to the rising cost of a college education and know our New York City location adds to costs you will incur. That’s why we created this guide. We hope to make the journey to choosing the right university for your studies as simple and clear as possible. Our goal is for you to have all the information and every resource available early on, to enable you to make the financial decision that’s right for you.
Learn more about current tuition fees: TUITIONUNDERSTANDINGANDFEES Tuition rates vary by college and degree level and type. You will be charged either a flat tuition rate each semester or a per-credit rate, depending on your Youprogram.should also factor in any merit-based and need-based financial aid you may receive, because it may cause your out-ofpocket costs to drop significantly.
TYPES FINANCIALOF AID
Master’s and doctoral degree programs in certain disciplines offer students special fellowships and funding opportunities. Prospective students can connect with an admission counselor or program director to learn what is available.
All applicants (including international students) are considered for scholarships on the basis of academic merit and/or creative ability. These awards cover either a percentage of tuition or a specified dollar amount.
New School merit-based scholarship recipients are selected by the Admission Committee. These scholarships continue throughout the course of recipients’ studies if they continue to meet the eligibility requirements.
Program-Specific Graduate Fellowships
Learn more scholarships:about MERIT-BASED AID New School Scholarships
We strongly encourage students to apply for scholarships with organizations outside of The New School. The Scholarship Advising Office is here to help students find suitable opportunities: scholarshipadvising@newschool.edu.
External Scholarships and Awards
There are multiple avenues students can pursue to finance their education—meritbased aid, need-based aid, loans, and other funding sources. Many forms of aid can be combined to meet students’ needs.
These are government funds for undergraduate students that do not have to be repaid. The federal government offers grants such as the Federal Pell Grant; in addition, several state governments offer grants that can be used for tuition expenses. You must file the FAFSA to be considered.
You must file the FAFSA to be considered for a federal student loan. Federal loans for undergraduate and graduate students must be paid back. They offer borrowers more benefits, like fixed interest rates, than most private bank loans.
Federal and State Grants
FORMS OF NEED-BASED AID
New students entering in the fall semester must complete the form between October 1 and June 30, with a priority deadline of February 1. New students entering in the spring semester must complete the form by the priority deadline of November 1. Students should submit the FAFSA each year of their studies.
NEED-BASED AID
The New School’s Center for NYC Affairs has created a handy guide to LearnFAFSA:more about federal financial aid:
The process of applying for need-based aid begins with completing the Free Application for Federal Student Aid (FAFSA). Need-based financial aid is restricted to U.S. citizens and eligible permanent residents. The New School is unable to offer need-based aid to international students. What Is the FAFSA?
The New School’s FAFSA code is 002780.
Federal Loans
Federal Work Study FAFSA filers are considered for federal work study eligibility to help cover their attendance costs. Work study awards provide funding for part-time student employment, usually on campus.
To apply for federal and state grants, work study, and loans, you must complete the FAFSA. Completing and submitting the FAFSA is free and gives you access to federal and state financial aid to help pay for college or graduate school. The FAFSA is the only form you need to file to apply for federal financial aid and for most state grants. You must file it each year you’re enrolled to have access to these resources.
Private Loans
OTHER FORMS OF FUNDING Learn more about our career services: Learn more about external fuding: NY State Funding
The New School’s location in the heart of Greenwich Village opens up countless opportunities for students to work off campus and to complete internships, some of which may allow them to earn academic credit upon approval.
PART-TIME WORK OPPORTUNITIES
On-Campus Employment
If you do not qualify for federal loan programs or if federal loans don’t cover your total costs, consider seeking loans from private lenders.
The New School offers a wide variety of paid part-time jobs for international and domestic students in offices around the university. You must apply directly for the position in which you are Graduateinterested.students seeking academic positions such as teaching assistantships should apply through their academic department. Jobs and Internships in NYC
There are two New York State–funded financial aid programs for undergraduate students (U.S. citizens and permanent residents) who have been state residents for 12 consecutive months before enrollment: the Tuition Assistance Program (TAP) and the Aid for Part-Time Study program. If you meet the requirements, please apply at hesc.ny.gov.
Learn more about payment plans: MORE THAN ONE WAY TO PAY Whether or not you qualify for merit or need-based assistance, you can budget payments through an interest-free monthly payment plan offered by The New School. Many families combine a payment plan with credit-based loans to finance all or part of college costs.
Use this checklist to organize your financial aid process. □ Apply for admission □ Submit the FAFSA □ Monitor the Admission Hub for updates on your application □ View your offer of admission and the financial aid award when they are available □ Visit newschool.edu/financialaid for advice on planning for New School expenses □ Pay your first-semester tuition by mid-August (fall start), mid-January (spring start), or late May (summer start)
The New School is an Affirmative Action/Equal Opportunity Institution. Published 2022 by The New School. Produced by Marketing and Communication, The New School. Receive personalized assistance in navigating your financial aid journey— in person, on the phone, or online. Our admission team and financial aid counselors are here to help you make attending The New School a reality. Office of newschool.edu/financial-aidfinaid@newschool.edu212.229.8930Officenewschool.edu/admissionadmission@newschool.edu212.229.5150Admissionor800.292.3040ofFinancialAid PArsons SCHOOL OF DESIGN EUGENE LAng COLLEgE OF LIbERAL ARTS COLLEGE OF PErfoRmiNG ArTs THE NEW SCHOOL FOR sOciAl rEseARch SChooLS of PUbLic EngAgEmEnt