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, loan or payment plan.
types of financial aid
scholarships & grants
For each student, we package together the following scholarships:
— Scholarships based on academic achievement ($1000-$7000)
— Scholarships based on talent, as observed in your audition ($1000-$7000)
— 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.
— Once you complete your FAFSA (Free Application for Federal Student Aid), we will also be able to offer additional grants to help close the gap between your financial ability and the school tuition and housing costs.
federal and state grants
Our students are able to leverage Federal and State aid, including:
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.
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.
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.
You can search for opportunities through these websites:
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 firstname.lastname@example.org
Veterans and their families are eligible for a variety of benefits:
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 2019-2020, which can reach up to $16,000 per student.
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.
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.
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 who saw active duty between January 1, 1977 and June 30, 1985 may find additional assistance in this program. Click here for more information.
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.
When a student’s financial awards leave a remaining balance, The New York Conservatory can set up payment plans to spread the balance across several months.
If you have been accepted to the school, visit your Student Portal to see your current awards and balances. In the hamburger menu, choose My Info > Billing Statement.
Standard Payment Plans
If you have a college savings but can’t pay your balance in one chunk, our standard payment plan offers the opportunity to make payments that clear your tuition balance prior to enrollment for each semester. Log in to your Student Portal. On the top left hamburger menu, select My Info > Billing Statement. No need to select a date range, just click Submit.
Extended Payment Plans
We offer extended payment plans for those who need a little more time to pay for school. Please be advised, there is a $150 administrative fee for using an extended payment plan.
If you have any questions on making payments, or requesting an Extended Payment Plan, reach out to our Bursar to discuss what options are available.