Financing Your Education

Financing your education Understanding your options >>>>>

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YOUR BIGGEST INVESTMENT

You are about to embark on an academic journey that will pay dividends for years to come.

The rigorous interdisciplinary education The New School offers will help you gain the knowledge, skills, and perspectives you need to confidently set out on your path.

Immersed in New York City, you’ll form connections and have experiences that will complement and enhance your experience as a student. An investment as significant as your education calls for information, planning, and assistance. We’re here to help.

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THE DETAILS MATTER

Visit newschool.edu/student-financial-services for detailed information on all financial aid topics.

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DETERMINING THE PRICE The costs of attending The New School include tuition, fees, housing, food, books and supplies, health insurance, and a health services fee. Students may also want to include a budget for transportation and personal expenses.

Tuition and fees at The New School as published will often differ from a student’s net costs after financial aid and merit scholarships have been awarded. The New School encourages all students to apply for aid to maximize their funding potential. (Note: Scholarship award amounts are reflected in the offer of admission; admitted students are not mailed a separate scholarship letter. Students can log on to the application hub to view both the acceptance letter and the financial aid award.) For the most up-to-date information on all costs, visit our Student Financial Services website: newschool.edu/student-financial-services.

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CHOOSING FINANCING We understand that attending college involves a major financial investment.

We are committed to working with students to help make a university education possible. There are a host of avenues students can pursue to finance their education, and many forms of aid can be combined to meet students’ needs.

GIFT AID SCHOLARSHIPS All undergraduate applicants (including international students) are considered for scholarships on the basis of academic merit and/or artistic ability. There is no need to fill out a separate application for these scholarships, as we automatically evaluate students upon admittance.

In addition, we strongly encourage students to apply for scholarships with organizations outside of The New School. Student Financial Services maintains a regularly updated list of external scholarship opportunities on the following website: newschool.edu/student-financial-services/external-scholarships.

NEED-BASED AID GRANTS Only undergraduate students can receive federal need-based grants. If the U.S. Department of Education deems a student eligible after reviewing the Free Application for Federal Student Aid (FAFSA), it will award the student either a Pell Grant or a Pell Grant and a Federal Supplemental Educational Opportunity Grant. Students do not have to pay back any grant money they receive. In addition to federal grants, New York State residents may be eligible for additional grant aid from the state government. To find out more, visit newschool.edu/student-financial-services/ny-state-scholarships-and-grants.

LOANS Loans serve as an additional form of funding to supplement scholarships and grants. U.S. citizens and legal residents are eligible to participate in lowinterest student loan programs offered by the U.S. Department of Education.

If students do not qualify for federal loans programs or if federal loans don’t cover their total costs, students can seek loans from private lenders. For more information on the types of loans available and application procedures, visit newschool.edu/student-financial-services/loans.

WORK STUDY Eligible FAFSA filers are considered for federal work study to help cover their attendance costs. Total work study awards are based on personal financial need and the amount of work study funds available, which can vary from year to year. For more information on work study awards and how to find a work study job, visit newschool.edu/student-financial-services/federalwork-study.

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INTERNATIONAL STUDENTS

Did you know you are eligible for merit-based aid from both The New School and outside organizations? Visit the Student Financial Services website to review scholarships for which you may qualify. newschool.edu/student-financial-services/resources

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How to Apply for Aid U.S. citizens and residents who wish to receive need-based aid must first complete the FAFSA. The FAFSA determines students’ eligibility for federal and state grants, federal loans, and work study. The form must be completed every year students wish to receive financial 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 with a priority deadline of November 1.

Students can find and file the FAFSA online at fafsa.edu.gov. The school code for The New School is 002780.

Once students complete the FAFSA and include The New School code, information on their eligibility for federal and state grants, federal loans, and work study will be delivered to The New School. We will then deduct any awarded aid from total tuition costs.

In addition to applying for need-based aid, all students admitted to The New School are automatically considered for scholarships on the basis of academic merit and/or artistic ability when they apply for admission. There is no need to fill out a separate application for New School merit-based scholarships. Scholarship award letters are usually included in student acceptance letters. Scholarship amounts will be deducted from a student’s total tuition costs.

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Get a Helping Hand

An investment in higher education lasts a lifetime. We’ll offer you as much assistance as possible to make attending The New School a reality. Receive personalized assistance navigating your financial aid journey, in person, on the phone, or online.

Student Financial Services The New School Welcome Center 72 Fifth Avenue, 2nd floor New York, NY 10011 212.229.8930 sfs@newschool.edu newschool.edu/ student-financial-services