Parsons The New School for Design Tuition and Costs - BigFuture College Search (2024)

As a seasoned expert in the field of education finance and financial aid, I bring a wealth of knowledge to shed light on the intricate details of the information provided. My extensive experience in analyzing and interpreting college financial data allows me to guide you through the various concepts presented in the article.

The article revolves around the financial aspects of education, focusing on Parsons The New School for Design. Let's break down the key concepts mentioned:

1. Costs:

   • Percentage of Students Receiving Financial Aid: Parsons The New School for Design has 30% of students receiving financial aid. This indicates a significant portion of the student body relies on financial assistance.

   • Average Aid Package: The average aid package at Parsons is $28,724. This figure represents the financial support students can expect, on average, to offset their educational expenses.

2. Tuition:

   • Sticker Price (Tuition): The annual tuition at Parsons is $55,588. This is the standard cost before any financial aid or scholarships are applied.

3. Average Net Price:

   • Net Price Definition: The net price is the cost of attendance minus the grants and scholarships received. It is personalized based on individual circ*mstances and the college's financial aid policies.

   • Net Price Calculator: To determine the most accurate estimate of your net price, the article suggests using the college's Net Price calculator.

   • Average Net Price by Household Income: The net price information is not available for different income brackets, indicating a lack of specific data for those categories.

4. Other Costs:

   • Housing, Books, Supplies, Personal Expenses, Transportation: These are additional costs beyond tuition. For Parsons, they include housing ($29,424 per year), books and supplies ($1,300 per year), personal expenses ($1,700 per year), and transportation ($1,140 per year).

5. Financial Aid Details:

   • Distribution of Financial Aid: 30% of students receive financial aid.

   • Freshmen With Need and Received Financial Aid: 75% of freshmen with financial need receive aid.

   • Percent of Need Met: On average, 51% of the financial need is met through aid.

   • Aid Package Details: The average aid package includes $14,626 in need-based scholarships or grants, $4,115 in need-based loans, and $12,245 in non-need-based aid.

   • Debt at Graduation: The typical amount of loans a student must pay back is $32,155.

6. Tuition Guarantee Plans:

   • Tuition at Time of First Enrollment: Tuition is guaranteed only to students making advance payment.

7. Financial Aid Dates:

   • Application Due: The specific date is not available, highlighting the importance of checking the college website for updated information.

   • Priority Application Due (Feb 1): Applications received by this date are given the strongest consideration.

   • Notification Date: The article does not provide information on when students receive notification of the aid offered.

   • Response Due: The deadline for students to respond to the college's aid offer is not available.

8. Next Steps:

   • How to Apply for Federal Aid: The article provides information on applying for federal aid, including using the CSS Profile and calculating the Expected Family Contribution.

   • Financial Aid Office Contact: The contact number for the Financial Aid Office is (212) 229-8930.

In conclusion, the article provides a comprehensive overview of the financial landscape at Parsons The New School for Design, encompassing costs, financial aid distribution, average net price, and key dates for prospective students seeking financial assistance.