The latest fee schedule can be found on the New School University Web site at www.newschool.edu/tuition/. New School University reserves the right to alter this schedule of fees without notice.

Reenrollment Fee
The reenrollment fee applies to students who have petitioned to reenroll after having failed to register for one, two, or three semesters. The reenrollment fee consists of the equivalent of maintenance- of-status fees for each semester the student has been absent. The amount charged for each semester is the fee that was in effect for that specific semester. In addition, students must pay tuition or maintenance-of-status fees for the current semester, as well as university services and divisional fees for the current semester.

Readmission Fee
The readmission fee applies to students who have been readmitted after failing to have registered for four or more semesters. The readmission fee consists of maintenance-of-status fees for the four semesters immediately preceding readmission, and the amount charged is the fee that was in effect for each specific semester. In addition, students must pay tuition or maintenance-of-status fees for the current semester, as well as university services and divisional fees for the current semester.

Billing and Payment Information
Invoices for registered students for the fall semester will be mailed out in early July with a payment due date of August 10. Invoices for registered students for the spring semester will be mailed out in early December with a payment due date of January 10. Invoices include approved financial aid awards, which are deducted from the balance due. Students may also view their account information in ALVIN. Late payment of invoices will incur a $150 late payment fee, which will be charged to the student’s account.

Payment may be made by bank debit card and cash (in person only for both), personal check, Visa, MasterCard, American Express, or by wire transfer. The option to pay by credit card via the Web on ALVIN is also available. A New School University ID number and PIN are required. Make checks payable to New School University and include the student’s name and New School ID number in the memo section. According to university policy, third-party checks are not accepted with the following exception: Checks from parents will be accepted, but must include the name of the student and the New School ID number in the memo section. Your parent may also give written authorization to charge their credit card as payment. They must include the card number, expiration date, amount to be charged, student name, and New School ID number.

Registration is not complete until payment or payment arrangements (i.e., Extended Payment Plan, verification of employer reimbursement) have been made.

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Returned Checks
All checks returned from the bank are automatically redeposited for payment. If for any reason a check does not clear for payment after being deposited a second time, a penalty of $30 is charged to the student’s account. The university cannot presume that the student has withdrawn from classes because the check has not cleared or has been stopped; payment and penalty remain due. Payment for the amount of the returned check and the $30 returnedcheck fee must be made by cash, certified bank check, or money order. Another personal check will not be accepted. An additional 10% penalty is charged if payment for a returned check is not received within four weeks. If a second check is returned, all future charges must be paid with cash, certified bank check, or money order; personal checks will no longer be accepted from that student.

A penalty of 10% is charged to student accounts with an outstanding balance. If it becomes necessary to forward an account to a collection agency, an additional 10% penalty will be charged on the remaining account balance.

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Extended Payment Plan
The University offers an Extended Payment Plan (EPP, administered by Tuition Management Systems) as an alternative means of managing tuition costs. Through this plan, tuition, fees, and housing for the full academic year (i.e., fall and spring semesters), may be paid in eight or ten monthly installments rather than in a lump sum. Students also have the option for a four- or five-month installment plan for a single semester. EPP is not available for the summer session. Only matriculated students taking six or more credits per semester are eligible. There is a participation fee. For more information about EPP, visit www.afford.com or call Tuition Management Systems at 800-772-4867.

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Deferral of Payment for Employer Reimbursement
Students expecting reimbursement from their employer may defer payment of tuition and fees upon presentation of an official authorization from their employer on company letterhead. If the reimbursement is to be made upon receipt of grades, there is an employee participation fee, which is listed in the Tuition and Fee Schedule. If New School University can submit an invoice to the employer as soon as the student registers and payment is not contingent upon receipt of grades, there is no participation fee.

The authorization must show a current date and include the following: student name; Social Security number (preferred); the amount of tuition (and fees, if applicable) to be covered by the employer or sponsor; the semester for which tuition will be covered; the employer’s address and phone number; and the specific terms for payment (i.e., whether upon receipt of grades or if the university can invoice immediately). Payment of any portion of the fees that the employer has not agreed to pay may not be deferred.

Payment to the university is the responsibility of the student. Payment is not contingent on receiving grades, receiving passing grades, or completing courses.

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Deferral for Approved Financial Aid
Students receiving financial aid may defer tuition and fees only if an award has been granted and the proper forms have been signed and returned to the University Office of Financial Aid. Approved financial aid awards appear on student invoices and reduce the amount due. Students must make payment in full of any charges not covered by their financial aid package.

It is the student’s responsibility to know the status of their financial aid awards, including loans, so that all tuition and other charges are satisfied in a timely fashion. In the event anticipated financial aid or loans are not realized, the student will be required to pay any outstanding balance through other means.

The Bursar’s Office is responsible for the delivery of all student loan funds and student refunds. The repayment of the Perkins Loan program is handled by the Perkins Loan coordinator in the Bursar’s Office. Perkins Loan borrowers will continue to have a relationship with the Bursar’s Office after graduation and until the loan is paid in full.

SStudents may contact a Bursar’s Office representative by phone at 212-229 - 5659, ext. 2, or by e-mail at bursar@newschool.edu for inquiries regarding the above-mentioned information.

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Federal Income Tax Considerations
Any financial aid, other than loans, above the direct cost of education (tuition, fees, books, etc.) is taxable income and must be reported to the Internal Revenue Service (IRS). Taxes at the rate of 14% must be withheld from stipends of international students unless, on the basis of a tax treaty, documentation can be submitted to the university exempting the student from withholding.

Students should be aware that under certain circumstances, educational expenses undertaken to maintain or improve skills required by the individual in his or her present employment might be deductible for federal income tax purposes. Students are advised to carefully review IRS regulations concerning any educational financial assistance when filing income tax forms with the IRS.

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