by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to New College of Florida can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does New College provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from New College of Florida.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at New College of Florida, 100% of entering full-time freshmen got some type of financial assistance around 220 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $17,348 |
| Institutional grants & scholarships | 100% | $13,007 |
| Federal Pell grants | 36% | $5,185 |
| State/local grants | 54% | $4,333 |
| Federal student loans | 21% | $4,529 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At New College, approximately 98% of undergraduate students received gift aid averaging $15,216 (across roughly 696 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $15,216 |
| Federal Pell grants | 34% | $5,512 |
| Federal student loans | 19% | $5,258 |
On-campus students receiving title-IV aid were awarded grants averaging $17,254.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,256 |
| $30,001 – $75,000 | $2,871 |
| Over $75,000 | $10,777 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,195 |
| Off-campus title-IV students | $4,536 |
For a personalized estimate based on your family’s financial situation, use New College’s net price calculator: www.ncf.edu/admissions/tuition-fee-info/price-calculator/.
Graduating students at New College carry a median federal student debt of $12,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $17,375 |
| Typical 10-year monthly payment (graduates) | $184.2/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at New College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $18,750 |
| 90th percentile (highest-debt students) | $25,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,383 |
| Middle income | $13,191 |
| High income | $12,153 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,552 |
| Continuing-generation students | $10,269 |
A handful of calculated indicators summarize the debt outlook at New College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at New College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1516 |
| Total Stafford loan amount | $19,398,258 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $6,916 |
| Average GI Bill amount per recipient | $6,916 |
References
More about our data sources and methodologies.