Title IV Aid
Financial Aid will begin disbursing aid to student accounts the week after the end of the add/drop period.
Refunds will be processed daily for two weeks and three times a week thereafter. It is imperative that you keep your address and electronic refund account information current in the system. If you do not see specific loans, scholarships, or grants in your student account, please contact Financial Aid.
Refunds are processed and generated on the basis of the initial method of payment and only after the student has dropped or withdrawn from a course. If you have paid by credit card and are eligible for a refund because of overpayment, course cancellation,
or withdrawal, you will receive a credit to the credit card used to make the initial payment. Note that the convenience fee assessed on that refund amount is non-refundable. Furthermore, if you have paid by wire transfer and are eligible for a refund,
the funds will be refunded through PayMyTuition, our wire payment and wire refund service. All other refunds are processed as checks and are mailed to the student's attention at the official address on file with the Registrar's Office.
Students are responsible for knowing university policies about adding or dropping courses and refund of tuition and fees. Refunds are granted only after the official withdrawal procedure has been completed.
The refund dates are for courses lasting a full semester or term only. Courses starting after the first day of classes (listed on the academic calendar)
and courses shorter than the standard 15 weeks may have different refund schedules. Please speak to your academic advisor if a course you would like to drop is not a standard 15-week course.
Book Voucher
The U.S. Department of Education has issued guidance to schools regarding options for assisting Title IV recipients with a Title IV credit in their account in purchasing books and supplies. These options may include cash disbursements, bookstore vouchers,
stored value cards, school credit, and check and EFT transfers to the student's bank account. To meet these requirements, The New School disburses cash in the form of a direct deposit or a check to eligible students only.
Not all students are eligible. To be eligible for an advance for books and supplies, students must:
- Complete their FAFSA application for the current academic year.
- Submit all financial aid documentation to the Financial Aid Office ten business days before the first day of the semester
- Have scheduled classes and registered with Student Accounts ten business days before the first day of the semester.
- Have a credit on their account from Pell Grant and/or Federal Title IV funds after tuition, fees, housing, and other authorized charges are deducted. Students receiving institutional aid alone are not eligible; the credit must be for excess Title
IV funding on their account.
- Complete a Provision for Books and Supplies Form (this form). Please note that this is an advance, which will be deducted from your total Title IV award and is intended for the purpose of purchasing books and supplies only. It is neither free nor
additional funding.
- You can also opt out by not filling out this form. If you opt out, all of your aid—including any credit amount—will be disbursed to you on the normal disbursement date.
Please visit Book Voucher/Advance Refund FAQs for more information. For additional assistance on eligibility please contact finaid@newschool.edu.
For questions about your refund, please email myaccount@newschool.edu.
Continuing and Professional Education Refunds
For information on refunds for Continuing and Professional Education programs, including adult courses, certificates, summer intensives, and youth and pre-college programs, visit Continuing and Professional Education (CPE) tuition and refunds.