by our College Data Analytics TeamThe majority of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at The New School can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can New School University offer, and what will you qualify for? Keep reading for more information. Keep scrolling to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at The New School.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at The New School, 94% of the incoming full-time class was awarded financial aid around 1347 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $22,174 |
| Institutional grants & scholarships | 94% | $20,956 |
| Federal Pell grants | 15% | $5,698 |
| State/local grants | 2% | $3,406 |
| Federal student loans | 29% | $5,185 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At New School University, around 97% of undergrads got grants or scholarships worth on average $19,395 (for some 6645 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $19,395 |
| Federal Pell grants | 15% | $5,701 |
| Federal student loans | 25% | $6,419 |
Title-IV recipients living on campus saw average grant aid of $29,543.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $49,006 |
| $30,001 – $75,000 | $52,087 |
| Over $75,000 | $60,642 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $58,741 |
| Off-campus title-IV students | $55,359 |
To project your own net price, use New School University’s net price calculator: www.newschool.edu/financial-aid/npc/.
A typical borrower at New School University leaves with $15,498 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,498 |
| Median federal debt (graduates only) | $22,266 |
| Typical 10-year monthly payment (graduates) | $236.06/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at New School University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,932 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,250 |
| Middle income | $15,750 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,190 |
| Continuing-generation students | $14,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $19,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at New School University.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at New School University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 27602 |
| Total Stafford loan amount | $843,675,964 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 57 |
| Total GI Bill amount | $1,545,442 |
| Average GI Bill amount per recipient | $27,113 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.