- The number of credits transferred from the prior institution may affect your federal loan eligibility, which depends on your grade level.
- Students who already have a bachelor's degree should note that they are no longer eligible for federal Pell Grants. You will still be considered an undergraduate student but are no longer eligible for a Pell Grant once you have earned your first bachelor's
degree.
- Prior student loans will automatically be deferred if you are registered for a minimum of 6 credits per semester.
Merit Scholarships
Upon admission to The New School, you may be offered a scholarship through your academic department. These scholarships are not offered through the Office of Financial Aid.
FAFSA and Student Aid Index
The U.S. Department of Education uses the income and asset information entered on a student's FAFSA to calculate an Student Aid Index (SAI). The SAI helps The New School to determined the amount and types of financial aid that a student qualifies
for. You can view your SAI and your submitted FAFSA at studentaid.gov.
Transfer students who already have a bachelor's degree and have been admitted to an Associate of Applied Sciences (AAS) degree program or a second bachelor's degree program should indicate on their FAFSA that they are undergraduate students, not graduate
students. Although they have already earned an undergraduate degree, as students in these programs, they are still considered undergraduates and are eligible for undergraduate student aid.
Award Notification
You can view the types and amounts of financial aid on your MyNewSchool portal. All grants and scholarships are placed in "accepted" status. Student loans are placed in "offered" status. If you wish to take out
a student loan, you must accept it through your MyNewSchool portal.
Outstanding Requirements
Review any outstanding requirements you may have on your MyNewSchool portal.
If you take out a loan, you must complete Loan Entrance Counseling and sign a Master Promissory Note on studentaid.gov.
Cost of Attendance and Budget
Use your estimated Cost of Attendance to determine how much you will need to contribute toward your education for the first year and to create a budget for yourself. Include all of your resources: income from work, parental support, financial aid, scholarships,
and gifts.