Financial Aid at NYSID

Financial Aid 5 frequently asked questions

An education at the New York School of Interior Design is one of the most valuable investments you will ever make.

Yet for many students and their families, the costs associated with college are a great matter of concern. That is why we have made a concerted effort to make a NYSID education more affordable. This booklet functions as a basic guide to the financial aid application process. For more detailed information, please visit the Financial Aid section of our website at nysid.edu.

1 How do I apply for financial aid?

Complete the Free Application for Federal Student Aid (FAFSA) online at fafsa.ed.gov.

NYSID’s school code is 013606.

The FAFSA for the upcoming school year is made available after October 1.

2 When will I know how much money I qualify for?

If you have been accepted to NYSID and have completed the FAFSA, you will receive a financial aid award letter by mail during the month of April. If you are accepted after May 1, you will receive your award letter approximately 15 days after our receipt of your completed FAFSA. Your award letter will list the types of financial aid and maximum respective dollar amounts for which you qualify.

Please note that if additional documents are requested for your financial aid file, you will not receive an award letter until those documents are received and processed by our office.

3 What types of financial aid might I qualify for?

By filling out the FAFSA you are applying for all types of federal aid and state aid (NY state residents only).

UNDERGRADUATE

GRADUATE

Pell Grant

Stafford Loan (Unsubsidized)

FSEOG Grant

Graduate PLUS Loan

TAP/APTS Grant (NY state residents only)

Federal Work Study

Stafford Loans (Subsidized & Unsubsidized) Parent PLUS Loan Federal Work Study

For more information, please visit the Financial Aid section of our website, studentaid.gov, or hesc.org

4 Can I apply for scholarships and assistantships?

All NYSID undergraduate scholarships and graduate assistantships are awarded based on merit.

To be considered, applicants must have: All admission materials submitted by the recommended deadline (February 1 for fall, October 1 for spring) Have a cumulative GPA of a 3.0 or above Study full-time (12 or more credits per semester) All qualified applicants will be considered for review; no additional application materials are needed. If you are eligible for a NYSID scholarship or assistantship, you will be notified.

Outside Scholarships: NYSID strongly encourages students to pursue outside scholarship opportunities. A list of resources can be found on our website.

5 What other forms of assistance are available?

Payment Plan: Students can make payments to the college on a monthly basis through the Tuition Management Systems service. For more information, please contact the Bursar’s office.

Private (or alternative) Student Loans: Loans made available through banks and other private lenders. NYSID does not have a preferred lenders list as we do not maintain special ties with any lending institution. Students interested in this type of financing should do their research and decide upon the best option to meet their needs.

New York School of Interior Design Office of Financial Aid 170 East 70 Street New York, NY 10021 Phone: 212-472-1500 x 204 Fax: 212-472-1867 finaid@nysid.edu

nysid.edu/FINANCIALAID