These are general answers to frequently asked questions. students should always contact the financial aid office about specific financial aid needs and Student Success Advisors about specific registration needs.
The New School’s Fall 2020 tuition, fees & billing Frequently Asked Questions
(See first link under “related links”)
- Financial aid benefits and eligibility letters are based on full-time enrollment (12 credits per semester) and are revised at the end of the add/drop period (ends Monday, September 14, 2020) to reflect actual enrollment.
- Any restricted funds will be processed after the add/drop period ends.
- Institutional aid will be prorated based on Credit Load.
- You may have received a one time University Pandemic Grant. This grant was given based on specific eligibility and will not be prorated.
- If less than 12 credits in one semester, institutional aid will be prorated to reflect that reduction.
- If less than 6 credits in one semester, federal loans will not be issued.
- Students should try to maintain 6 credits minimum to be eligible for Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work Study (FWS), and to avoid repayment on prior loans.
- There may be an exception for Seniors as some may need only one course to graduate. Seniors should speak with a financial aid staff member if this is the case.
- Pell Grant eligibility is determined by credit hours, is influenced by Estimated Family Contribution (EFC) and requires calculations on a case-by-case basis. For those with Full Pell Grants dropping below 6 credits may provide funding, but for those with smaller Pell Grants, dropping below 6 credits may adversely affect funding.
- There are both term and annual limits on federal financial aid.
- Full Pell Grants would be awarded each semester. Smaller Pell Grants would be dependent on credits per semester and may not result in funding if course load drops below 6 credits in a given semester.
- Summer term funding will be based on whatever remains from annual eligibility. The university is working to create some flexible paths for students. The university is also working toward a Borrower Based Academic Year model, which will allow students more borrowing power for summer terms.
- Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work Study (FWS) are awarded fall and spring only.
Yes, however grades for this summer term would delay the final calculation of your transcript and delivery of diploma.
The list of course offerings will be available in November 2020 for Spring Intensive 2021 and April 2021 for Summer 2021.