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Annual Costs

Undergraduate Tuition

Tuition for The New School is $46,176 for the 2017/2018 academic year. This is 66% more expensive than the national average private non-profit four year college tuition of $27,755. The cost is 109% more expensive than the average New York tuition of $22,120 for 4 year colleges. Tuition ranks 166th in New York amongst 4 year colleges for affordability and is the 20th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,100 in addition to tuition bringing the total effective in-state tuition to $47,276.

Housing Costs

On campus room and board is provided by the school at a cost of $18,600 per academic year. Students electing to live off campus elsewhere in New York should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,589.

Other Living Expenses

If living on-campus, students should budget for $2,010 in additional living expenses. Off-campus students should budget for $2,010 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to The New School was $69,475 for the 2017/2018 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for The New School and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for The New School
Estimated Budgets
New York Resident Total Budget $69,475
   In-State Tuition$46,176
   Other Fees$1,100
   Room and Board$18,600
   On-Campus Other Budget$2,010
   Books and Supplies$1,589
Non-Resident Total Budget $69,475
   Out-of-State Tuition$46,176
   Other Fees$1,100
   Room and Board$18,600
   On-Campus Other Budget$2,010
   Books and Supplies$1,589

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $69,475 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported The New School net price for in-state students is $42,505* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

95% of The New School students received grant aid in 2014/2015. The average total aid amount was $15,996. 24 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,525. To apply for a Pell Grant to attend The New School, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for The New School
Financial Aid Summary
Average Annual Net Price$42,505*
Percent of Students Receiving Grant Aid95%
Average Total Grant Aid$15,996
Percent of Students Receiving Pell Grants24%
Average Amount of Pell Grant Aid$4,525

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$29,010
$30,001 to $48,000$29,936
$48,001 to $75,000$36,499
$75,001 to $110,000$37,131
$110,000+$44,499

Average Financial Aid Mix - $69,475 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $69,475. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

24%
9%
68%

Grants and Scholarships

 24% - $15,996

Money granted to you by the U.S. Department of Education, The New School or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 9% - $5,887

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 68% -  $45,582

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. The New School
The King's College24.3% less expensive
New York School of Interior Design50.6% less expensive
Polytechnic Institute of New York University13.2% less expensive
Pratt Institute Main3.9% more expensive
Seton Hall University16.8% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at The New School.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at The New School is $277,900 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $40,144 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $160,576**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $347,375 or $200,720 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at The New School.

New York Resident Tuition Per Semester$23,088
New York Resident Total Cost Per Semester$34,738

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at The New School are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at The New School
Price per credit hour$1,398
Cost for one class (3 credit hours)$4,194
Cost for one class (4 credit hours)$5,592

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 41% of The New School students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,887.

Example Loan Payments and Costs

How much are student loan payments for The New School? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $160,576, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $199,237.99. This could be your effective total out of pocket cost of an education at The New School. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 95% of students at this school who receive financial aid and you are paying an average annual net price of $40,144. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our The New School student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

The New School Student Loan Payments
Example Payments
Monthly Loan Payment$1,660.32
Amount Borrowed$160,576.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$38,661.99
Sum of All Payments over 10 years$199,237.99

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend The New School? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending The New School, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $199,237.99 would be needed to afford a $1,660.32 monthly payment in the example $160,576.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to The New School in the future? In the past four years, this school's published in-state tuition and fee total rose from $38,508 to $46,176. This amounts to an average annual price increase of 4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $277,900.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for The New School.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$95,544$382,177
Estimated Cost in 10 years for students enrolling in 2029$121,941$487,766
Estimated Cost in 15 years for students enrolling in 2034 $155,632$622,527
Estimated Cost in 18 years for students enrolling in 2037 $180,163$720,652

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at The New School to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 204 73% costlier
Fashion Merchandising Associate's Degree 189 144% costlier
Fashion/Apparel Design Associate's Degree 153 170% costlier
Visual and Performing Arts, Other Bachelor's Degree 132 45% costlier
Design and Visual Communications, General Bachelor's Degree 105 76% costlier
Fine/Studio Arts, General Bachelor's Degree 77 61% costlier
Comparative Literature Bachelor's Degree 68 25% costlier
Jazz/Jazz Studies Bachelor's Degree 67 50% costlier
Graphic Design Associate's Degree 57 212% costlier
Commercial and Advertising Art Associate's Degree 48 242% costlier
Photography Bachelor's Degree 46 55% costlier
Illustration Bachelor's Degree 44 52% costlier
Social Sciences, Other Bachelor's Degree 42 48% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 41 64% costlier
Design and Applied Arts, Other Bachelor's Degree 40 62% costlier
Industrial and Product Design Bachelor's Degree 33 55% costlier
Architecture and Related Services, Other Bachelor's Degree 28 44% costlier
Psychology, General Bachelor's Degree 26 72% costlier
Music Performance, General Bachelor's Degree 24 74% costlier
History, General Bachelor's Degree 19 70% costlier
Interior Architecture Bachelor's Degree 13 76% costlier
Social and Philosophical Foundations of Education Bachelor's Degree 12 20% costlier
Environmental Studies Bachelor's Degree 10 42% costlier
Philosophy Bachelor's Degree 10 54% costlier
Biological and Physical Sciences Bachelor's Degree 9 72% costlier
Urban Studies/Affairs Bachelor's Degree 9 49% costlier
Economics, General Bachelor's Degree 7 55% costlier
International Relations and Affairs Bachelor's Degree 2 48% costlier
Music Theory and Composition Bachelor's Degree 1 49% costlier
Public Administration and Social Service Professions, Other Bachelor's Degree 1 70% costlier

Calculators

Use the calculators below to formulate a college savings plan for The New School or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford The New School in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a The New School student loan.

Prepayment Option

About The New School

The New School is a four year private college located in New York, New York.  Full time enrollment is 8,652 and part time is 1,649. Learn more about getting accepted at The New School at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
The New School
66 W 12th Street
New York, New York
10011-8603

For Profit / Not For Profit Status

The New School is a private not for profit institution.

The New School cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=193654 IPEDS survey data.