$5,132

Avg. Federal Grant

$5,635

Avg. Federal Loan

$98,931,588

Total Aid Awarded

The New School Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$98.932M

Financial Aid Official Website

https://www.newschool.edu/admission/financial-aid/

Students can avail of scholarships provided by the school, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence, if they find educational expenses to be on the higher side. Notably, 91% of the students at The New School get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,095,848. Notably, a total of 17% of the applicants to The New School receive the Federal Grant every year. Meanwhile, 91% of the applicants receive the Student Grant and 91% are awarded the Institution Grant, while 17% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,605, and the same stands at $3,291 for State Grant awardees and $18,053 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,709. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At TNS, an estimated number of 34% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

20%

State Grant Aid

5%

Institution Grant Aid

85%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$5,132

State Grant Aid

$4,859

Institution Grant Aid

$17,567

Pell Grant

$4,480

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$30,071

$30,001 - $48,000

$29,041

$48,001 - $75,000

$25,095

$75,001 - $110,000

$22,918

Over $110,000

$17,884

Student Loans for The New School

Average Loan Amount Average Loan Amount received per year.

$10,195/Year

Students Taking Out Loans

39%

Loan Default Rate

5.3%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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