NewSchool of Architecture and Design helps students apply and determine eligibility for various types of financial aid to assist with the cost of items such as tuition, books, meals and housing. This includes federal and state grant eligibility. However, as an institution, NSAD values the commitment a student makes with current and future earnings to education, and includes self-help through loans and work as part of a financial aid package.
View the Newschool Of Architechure Financial Aid Code of Conduct.
NSAD is approved by the U.S. Department of Education to participate in the following federal Title IV programs:
Federal Pell Grant (FPELL)
Federal Pell grants are awarded to undergraduate students who have not earned a bachelor's or professional degree. Because they are grants, students are not responsible for repayment. Eligibility is determined according to need, the cost of attendance, and the amount of money appropriated by Congress to fund the program.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG is available to students with exceptional financial need and a low expected family contribution. Because this is a grant, students are not responsible for repayment. The amount of the grant and the number of students who may receive it depend on the availability of funds from the U.S. Department of Education.
Federal Family Education Loans or William D. Ford Federal Direct Loans (Subsidized and Unsubsidized)
Federal Family Education Loans or William D. Ford Federal Direct Loans are another source of Federal Student Aid. Loans may be obtained from either the Federal Family Education Loan (FFEL) funded by a lender, such as a bank, credit union or savings and loan association or the William D. Ford Federal Direct Loan Program funded by the U.S. Department of Education. Loans obtained through these programs are lower interest rate loans that are insured by guarantee agencies or the U.S. Department of Education. A student can apply for Stafford Loans through the school's financial aid department.
Student eligibility must be determined using the results of the FAFSA and a student must be enrolled in an approved program at least half- time to participate in Federal Title IV programs. The loan must be used to pay for direct and/or indirect educational expenses.
Federal Academic Competitiveness Grant (ACG)
The Federal ACG Grant program is awarded to first-year and second-year students who graduated from a federally defined rigorous high school program on or after January 1, 2005, and who meet other eligibility requirements. Because ACG is a grant, students are not responsible for repayment.
Federal Subsidized Stafford Loan
The Subsidized Stafford Loan does not charge the borrower with interest on the amount borrowed while in school and for six months after leaving school. During these periods, interest is paid to the lender by the U.S. government.
Federal Unsubsidized Stafford Loan
The Federal Unsubsidized Stafford Loan allows students to borrow a Federal Stafford Loan who did not demonstrate sufficient financial need for the subsidized version. The same terms and conditions as the Subsidized Stafford Loan apply, except that the borrower is responsible for interest that accrues while she/he is in school and after leaving school.
Federal Parent PLUS Loans
The Federal Parent PLUS loan is available to parents of dependent students to help pay their child’s educational expenses. PLUS loans are not based on need. They can be combined with other financial aid resources and cannot exceed the student’s cost of education.
Federal Graduate PLUS Loans
The Graduate PLUS Loan is available to graduate students to assist with educational expenses. PLUS loans are not based on need. They can be combined with other financial aid resources and cannot exceed the student’s cost of education.
Alternative (Private) Loans
Students who have exhausted their federal financial aid and who require additional assistance may apply for alternative (private) loans from lending institutions. Please click here to explore Alternative or Private loans or see the financial aid office for additional information.