Student Loans for New School Students

About New School

The New School is an academic institution that is totally unique we promise you it’s unlike anything you’ve encountered. Founded in 1919 as a response to a stagnating intellectual and academic culture, The New School to this day embraces a very left-leaning view of academia and the world around it. Its home to a variety of schools and research institutions, including the premier art school, Parsons The New School for Design.

One of the things that makes The New School about as hip as anyone could imagine comes, unfortunately, with a price tag. The University’s campus is centered on Union Square and is almost entirely contained within Greenwich Village, which is great. Explaining why New York is cool seems a bit unnecessary, but then again, telling you that it’s also very expensive could be just as unnecessary. It does bear reminding, though, that the cost of attendance at The New School is roughly $50,000, and living in Manhattan is going to take another large bite out of your budget, especially if you’re not careful. Everything’s more expensive in the big city, so be smart and just keep your expenses to an absolute minimum.

Applying for New School Financial Aid

As at any college or university, The New School financial aid program requires students applying for aid to submit the Free Application for Federal Student Aid, also known as the FAFSA. Fortunately, this form is relatively easy to fill out, once you understand what’s going on, and we have a guide to help walk you through it. Once you submit your FAFSA, your aid application is complete, and you’ll hear back from the New School financial aid office shortly after submission.

New School Aid Packages

Most financial aid packages from The New School are mainly comprised of ‘free money awards, these being grants and scholarships that do not need to be repaid. However, about half of all students at The New School have federal loans, and about 10% of students have taken out private loans to cover the financial gap between what they are able to pay and their New School financial aid package.

If you’re in a position where your financial aid package is not quite enough and you need additional funding to cover the cost of your education at The New School, student loans can be a good solution. When borrowing, exhaust your federal loan options first, and only turn to private student loans as a final stopgap measure. If you’re in need of a private student loan, check out our student loan comparison tool above.


Frequently Asked Questions

Q:What is included in the cost of attendance when applying for The New School financial aid?

A:Students looking to apply for The New School financial aid need to make sure they calculate the cost of attendance and determine how much aid they will need. The cost of attendance includes tuition, fees, and living expenses. The current tuition and other fees are listed on The New School financial aid website. Living expenses include room and board expenses, books, personal expenses, transportation, and health insurance. It is recommended that students have an estimate of the expenses before applying for financial aid.

Q:What federal grants are available through the New School financial aid program?

A:The New School financial aid program offers a variety of federal student grants, such as the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG). In order to receive these grants, students must meet the basic residency and educational criteria, but must also demonstrate a high degree of financial need. Prospective students can apply for these grants by filling out the FAFSA and submitting it before the appointed deadline date. It is also reminded that students need to apply for these grants through The New School Financial Aid office at the start of every academic year in order to continue receiving these awards.

Pay for The New School University*

Total Avg. Cost $55,137
Tuition $34,081
Room & Board $12,160
Financial Aid Information
Students Receiving Fin Aid 85%
Typical Grant Amounts
State/Local $3,982
Federal $4,298
%Receiving Loans 43%
Avg. Other Stud. Loans $22,572
%Receiving Other Loans 10%

Get into The New School University

Admission Rate 62%
Total Enrollment 10,260
Men 31%
Women 69%
Graduation Rate 66%
Application Fee $50

Contact The New School University

66 W 12th Street
New York, NY 10011-8603(212) 229-5600
Financial Aid Office URL
Admissions Office URL

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics


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