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.

Students must complete the FAFSA (Free Application for Federal Student Aid), and follow up with all necessary documentation to be awarded NYCDA scholarships. You do not need to already be accepted into NYCDA to complete the FAFSA. The best time to apply for financial aid is concurrent with the school application process.

The Financial Aid office can be reached at (212) 645-0030 or via email at finaid@nycda.edu

The New York Conservatory participates in the U.S. Department of Education’s Title IV Federal Student Assistance Programs, as well as grant programs. In addition, we also provides institutional grants and scholarships to students who qualify.

There are many types of financial aid:


Scholarships:

The New York Conservatory awards more than $2,000,000 in institutional scholarships and grants each year, based on financial need and/or demonstration of extraordinary talent. Scholarships at NYCDA range from $1,000 to $32,000 per academic year. Most awards are renewed if the student is invited to return for the second year. Scholarships do not have to be repaid.

New York Conservatory Scholarships

The Joan See Memorial Scholarship: Two are awarded each year, based on audition score, GPA, experience, and financial need. Covers the full 2-year tuition cost, less the non-refundable tuition deposit.  The scholarship does not cover the cost of student housing. Application (including audition and supporting documents) and FAFSA must be completed by March 1 to qualify for consideration for the Joan See Memorial Scholarship.

The Sanford Meisner Scholarship is awarded based on the audition performance and academic achievement. Awards range from $11,000 – $15,000. No limit on quantity awarded.

National Scholarship is awarded based on the audition performance. Awards range from $5,000 – $10,000. No limit on quantity awarded.

Academic Scholarship is awarded based on academic achievement. Awards range from $5,000 – $10,000. No limit on quantity awarded.

Merit Scholarship is awarded based on strong potential as a performing arts student. Awards range from $1,000 – $5,000. No limit on quantity awarded.

Event Scholarship is awarded to students auditioning for NYCDA at regional and international theater conferences and competitions. Awards range from $5,000 – $15,000. No limit on quantity awarded.


Some sources to explore for scholarships are employers, unions, professional organizations, and community and special interest groups. You must notify our financial aid office if you receive funds from any of these sources.

Grants:

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.


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.