College is one of the most important investments a family can make, but very few families are able to cover 100% of the costs of tuition and living expenses on their own. Fortunately, there are many resources available to help. The vast majority of our students rely on at least one form of financial aid, whether it’s a scholarship, grant, or loan.

The New York Conservatory awards over $2 million dollars a year in direct aid to students. We offer four types of institutional aid:

  1. Scholarships based on academic achievement ($1000-$5000)

  2. Scholarships based on talent, as observed in your audition ($1000-$5000)

  3. Scholarships awarded at Thespian competitions and events (up to $10,000 total) Please note: Event scholarships cannot be combined with academic or talent-based scholarships, but can be combined with needs-based grants.

  4. Once you complete the FAFSA (Free Application for Federal Student Aid), The New York Conservatory will also be able to offer needs-based grants to help close the gap between your financial ability and the school tuition and housing costs. You do not need to have been accepted to complete the FAFSA–the best time to complete your FAFSA is concurrent with the school application process.

For students with outstanding talent, grades and financial need, we award two full-tuition scholarships per year. Learn more about how to qualify for the Joan See Memorial Scholarship.

Scholarships and grants from NYCDA do not have to be repaid, and are automatically renewed for the second year as long as academic performance is strong.

Additionally, as a college accredited by The National Association of Schools of Theatre (NAST) and The New York Board of Regents, The New York Conservatory participates in the U.S. Department of Education’s Title IV Federal Student Assistance Programs, as well as grant programs. For example:

The Federal Pell Grant

This grant provides assistance to students who demonstrate financial need according to federal guidelines. Awards range from $598 per year to a maximum of $5,815 per year.

Federal Supplemental Educational Opportunity Grant (SEOC)

This program is funded by the U.S. Department of Education and administered by NYCDA to provide assistance to students with exceptional financial need. All students who qualify are automatically considered for this grant. Awards range from $350 to $700 per year.

New York State TAP Grant

This grant provides assistance to students who have either attended at least two semesters of high school in New York or have been New York State residents for at least 12 consecutive months before the term for which they are seeking assistance. Awards range from $500 to $5,165. The NYCDA TAP code is 7816. In order to qualify you must file a Free Application for Federal Student Aid (FAFSA) or apply here.

In addition to scholarships offered by NYCDA, there are thousands of companies and foundations that offer private scholarships based on a variety of criteria. You can search for opportunities at:

You must notify our financial aid office if you receive funds from outside sources. The Financial Aid office can be reached at (212) 645-0030 or via email at finaid@nycda.edu


Loans

Direct Subsidized Loan

Direct Subsidized Loans are available to undergraduate students with financial need. Your school determines the amount you can borrow, and the amount may not exceed your financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while you’re in school at least half-time, for the first six months after you leave school (referred to as a grace period*), and during a period of deferment (a postponement of loan payments).

Loans first disbursed on or after 7/1/17 and before 7/1/18 have a fixed interest rate of 4.45%. There is a loan fee on all Direct Loans. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. Loans first disbursed on or after October 1, 2017, and before October 1, 2018 are charged a 1.066% loan origination fee.

Direct Unsubsidized Loan

Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive. You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).

Loans first disbursed on or after 7/1/17 and before 7/1/18 have a fixed interest rate of 4.45%. There is a loan fee on all Direct Loans. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. Loans first disbursed on or after October 1, 2017, and before October 1, 2018 are charged a 1.066% loan origination fee.

Direct PLUS Loans for Undergraduate Students

The Direct PLUS Loan enables parents of dependent undergraduate students to borrow up to the full amount of an NYCDA education minus other aid.

Loans first disbursed on or after 7/1/17 and before 7/1/18 have a fixed interest rate of 7%. There is a loan fee on all Direct Loans. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. Loans first disbursed on or after October 1, 2017, and before October 1, 2018 are charged a 4.264% loan origination fee.

How to apply for student loans >


Veteran’s Benefits

Veterans are eligible for a variety of benefits at NYCDA.

Yellow Ribbon Program

The Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. It can help pay for up to 100% of a student’s out-of-pocket tuition and education-related expenses that exceed the Post-9/11 GI Bill® tuition benefit. NYCDA is offering up to 50 of these awards in 2015–2016, which can reach up to $16,000 per student.

All students seeking the Post-9/11 GI Bill® should complete VA Form 22-1990 and submitting it to the Department of Veterans Affairs for processing. Click here for more information.

Montgomery GI Bill® Active Duty (Chapter 30)

This program covers up to 36 months of education benefits for degree or certificate programs, payable for up to 10 years after active duty release. Click here for more information.

Montgomery GI Bill® Selective Reserve (Chapter 1606)

This program also covers up to 36 months of education benefits, payable for up to 10 years after active duty release from the Army, Navy, Air Force, Marine Corps, or Coast Guard Reserves. Click here for more information.

Reserve Educational Assistance Program (Chapter 1607)

This program covers up to 36 months of education benefits for members of the Selected Reserves, Individual Ready Reserve, and National Guard who have been called into active service. The amount of each award is based on a percentage of the Montgomery GI Bill® award and the number of continual days served on active duty. Click here for more information.

Veterans Educational Assistance Program (Chapter 32)

Veterans who saw active duty between January 1, 1977 and June 30, 1985 may find additional assistance in this program. Click here for more information.

Survivors’ and Dependents’ Educational Assistance (Chapter 32)

There are also education benefits specifically designated for the eligible spouses and children of veterans who are permanently disabled, deceased, missing in action, detained, or interned in the line of duty. Click here for more information.