2026-2027 Changes

The One Big Beautiful Bill Act (OBBBA), passed by President Trump and the U.S. government on July 4, 2025, introduced significant changes to federal financial aid and loan borrowing. These changes include eligibility for and amounts of Pell Grants, proration of federal loans for students attending less than full-time, removal of the Graduate PLUS loan, and changes to repayment plans. As more information comes out, our office will share it with the community to help guide them through this process.

We have compiled the following frequently asked questions and general information to help you navigate these updates. Please know that our office is always available to meet with you to discuss any questions or concerns. You can schedule a virtual or in-person appointment today through The New Queue.

General Information

Undergraduate Students

Graduate & Professional Students

Contact Us

Office of Financial Aid
2 West 13th Street, 5th floor
New York, NY 10011
finaid@newschool.edu
212.229.8930

In-Person Office Hours
Monday–Friday, 10:00 a.m.–5:00 p.m.

Virtual Office Hours
Monday–Thursday, 10:00 a.m.–2:00 p.m.

To schedule time with a staff member, visit The New Queue.

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Notice of Nondiscriminatory Policy

The New School admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.