$4,043

Avg. Federal Grant

$5,031

Avg. Federal Loan

$2,598,293

Total Aid Awarded

NewSchool of Architecture and Design Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$2.598M

Financial Aid Official Website

newschoolarch.edu/admissions/financial-aid/

Most students require financial aid to complete their education. NewSchool of Architecture and Design offers financial aid through a wide range of scholarships, grants, and loans, which help ease your financial burden. Students seeking financial help have to fill out the given FAFSA form. The federal school code for NewSchool of Architecture and Design is 030439.

Scholarship

NewSchool of Architecture and Design is committed to making education more affordable. Each year, the college provides more than 1 million dollars in scholarships alone. The scholarships offered to the graduate and undergraduate students are mentioned down below:

  • University Bridge Scholarship
  • STEAM Club Scholarship
  • NewSchool Fellows Award
  • NewSchool Award
  • President’s Award
  • Sharen Hannah Memorial Scholarship
  • Pillars Scholarship

The college also has many other smaller scholarships, which you can read about on the college’s Scholarships page. Furthermore, the college has also simplified your search for outside scholarships by compiling a list of search websites. You can read more about them by clicking on the link given above.

Grants

  • Federal Pell Grants: The Pell Grant is available to all students without a Bachelor’s degree. Unlike various loans, a student does not have to pay back anything. An average of $4,043 is awarded to around 31% of the students. However, the amount offered to each student varies according to the regulations set under the Federal Pell Grant program. The amount awarded depends on the cost of education and the number of hours enrolled.
  • Institutional Grants: NewSchool awards grants up to $2,572 to around 71% of its students.

Student Loans

31% of the students enrolled here apply for loans. Students avail an Average Loan Amount of $6,250 per year at a default rate of 8%. Student loans including Federal Parent PLUS Loan and Graduate PLUS Loans are offered to the students. You can also read more about the advice provided by the college on the Private Education Loans page.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

19%

Institution Grant Aid

71%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,043

State Grant Aid

$5,366

Institution Grant Aid

$2,572

Pell Grant

$3,743

Stressed out about the financial breakdown? Don't worry, we have you covered! We have provided a detailed breakdown of the financial aid offered by the college.

  • NewSchool offers a total aid of up to $2,598,293 in the form of scholarships, grants, and loans.
  • The college provides financial aid to 69% of the students who apply for financial aid.
  • Federal Grant of up to $4,043 is awarded to 31% of the students.
  • The college also offers Institution Grants to 71% of the students. The amount per student is around $2,572.
  • Around 31% of the students receive the Pell Grant which amounts to around $3,743 per student.
  • An average of $5,366 per student is offered to 19% of students as State Grants.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,228

$30,001 - $48,000

$4,670

$48,001 - $75,000

$10,387

$75,001 - $110,000

N/A

Over $110,000

$3,161

In this section, we have discussed the Federal Aid Breakdown based on Family Income. Students whose family income is below $30,000 or falls in between $30,000 and $48,000 may avail an average aid amount of $2,228 and $4,670 respectively. Families whose earnings lie between $48,001 and $75,000 receive a significantly higher amount of $10,387. Sadly, no information is available for the income bracket of $75,001 to $110,000. Those who earn more than $110,000 receive a notably smaller amount of $3,161.

Student Loans for NewSchool of Architecture and Design

Average Loan Amount Average Loan Amount received per year.

$6,250/Year

Students Taking Out Loans

31%

Loan Default Rate

8%

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