Billing & Payment Policies

Billing and Payment Information

Invoices are sent electronically to all students. An email is sent to each student's New School email address notifying them that the invoice is ready to view via the my.newschool.edu student portal. Fall invoices are available for viewing in early July, with a payment (or payment arrangement) due date of August 16.  

New and continuing students who register just before the start of classes must pay their tuition, fees, and housing, if applicable, in full, less the anticipated and authorized financial aid awards. Alternatively, they can make approved payment arrangements (degree students only) with Student Accounts at the time of registration.

Accepted Forms of Payment

Tuition payments can be made using a check or electronic check. Foreign checks are not accepted. Checks submitted for payment must be drawn on a U.S. bank. Payments made by wire transfer, money order, traveler's check, and credit card (American Express, Visa, MasterCard, and Discover) are also accepted.

The New School accepts credit card and debit payments only through the online service PayPath. This service is accessible through the “Make a Payment” link on the Student section of my.newschool.edu. Credit card payments are not accepted over the phone or in person. If you choose to use a credit card to pay your bill, you will be assessed a convenience fee of 2.95 percent each time a payment is made.

Making an Online Payment via an International Bank

The New School has partnered with PayMyTuition to make it safe and convenient for international students to pay their tuition using their local currency. Students Log in to MyNewSchool and click the Services tab. Scroll down to the Student Accounts section and click International Payments. On the next screen, click Pay Now and follow the instructions. Family members or other third parties who will be making a payment on a student account can do so by visiting the PayMyTuition site directly..

Returned-Check Fee

All checks returned from the bank are automatically redeposited for payment. If for any reason a check does not clear for payment after being deposited a second time, a penalty of $30 is charged to the student's account. The university cannot presume that the student has withdrawn from classes because the check has not cleared or has been stopped; payment and penalty remain due. Payment for the amount of the returned check and the $30 returned check fee must be made with cash, certified bank check, or money order; another personal check will not be accepted.

An additional 10 percent penalty is charged if payment for a returned check is not received within five business days. After a second returned check, all future charges must be paid with cash, certified bank check, or money order. Personal checks will no longer be accepted from the student. If it becomes necessary to forward an account to a collection agency, an additional 10 percent penalty will be charged on the remaining account balance.

Electronic Refunds Deposited in Your Bank Account

Student refunds can be deposited directly to a domestic personal savings or checking account. Students can sign up for this service on MyNewSchool. Exceptions: For Undergraduate students who are using a Parent Loan to finance their educational expenses, a paper refund check (if applicable) will be sent to the parent borrower, unless otherwise authorized by the parent borrower. If using a credit card to pay your balance, refunds will be issued back to the card last used to complete this payment. Any convenience fee assessed on the credit card payment is non-refundable, since it is paid to the third party processor. If you paid by wire transfer, refunds will be returned to the original wire sender’s bank account.

Monthly Payment Plan

The university offers an interest-free monthly payment plan, accessible through the MyNewSchool student portal. It enables students or their families to pay monthly installments on their account toward tuition, fees, and housing. Many students and families find monthly installments more manageable than a single lump payment each semester. The payment plan is not a loan; therefore, there are no credit checks. It is available for the fall and spring semesters for four or five monthly installments.

Matriculated students taking six or more credits per semester and New School for Social Research students maintaining matriculation are eligible. There is a $60 enrollment fee each term, and students must re-enroll in the plan each semester. If adjustments are made to your account during the semester, the plan will automatically recalculate.

Fall Term

Five-month and four-month  plans  begin  August  1, with subsequent payments being made on the first of the month.

Spring Term

Five-month and four-month  plans begin January 1, with subsequent payments being made on the first of the month.

Important Note: Monthly payment plans are based on per semester charges. If a payment plan installment is late, a financial hold will be placed on the account. The hold will be removed once the payment plan is current. No late payment fee will be charged as long as the student is enrolled in a payment plan. For students who enroll after the due date for a given semester, all previously due installments will be due at the time of enrollment.

Deferral of Payment for Employer Reimbursement or Third Party Billing

Students expecting reimbursement from their employer or sponsor can defer payment of tuition upon presentation of a signed official authorization from their employer or sponsor on company letterhead. The authorization, which should accompany the appropriate form(s), must show a current date and include the student's name, New School ID number, amount of tuition (and fees, if applicable) to be covered by the employer or sponsor, the semester for which tuition will be covered, the employer's or sponsor's address, phone number, email address, and the specific terms for payment (upon receipt of grades or upon registration). Payment cannot be deferred on any portion of the charges that the employer has not agreed to pay. Registered degree students can fax their forms to 212.229.8582. Non-matriculated students must submit the employer/sponsor forms with their registration.

Students who are deferring because they are expecting reimbursement from their employer or sponsor must submit the employer authorization letter and form(s) to Student Accounts, and credit card authorization form by the appropriate payment due dates in order to avoid the late payment fee. Employer authorizations and form(s) can be faxed to 212.229.8582 or mailed to The New School, Attn: Third Party Billing, 72 Fifth Avenue, 2nd floor, New York, NY 10011, or brought in person to the Cashiering Office at 72 Fifth Avenue on the 2nd floor. If submitting letters and deferral form by email, students must forward all documents to Thirdpartybilling@newschool.edu.

Payment for all charges is the responsibility of the student. The student is liable for any and all deferred charges that are not paid by the employer/sponsor. Liability is not contingent on receiving passing grades or completing courses. For answers to questions regarding employer reimbursement or third party billing, email ThirdPartyBilling@newschool.edu, or call 212.229.8930.

Terms of Reimbursement

Payment of the $150 participation fee and any balance of tuition and university fees not covered by the authorization letter must be made prior to or submitted with the deferment forms. Deferred charges must be paid in full by February 1 for the Fall semester, June 15 for the Spring semester, and August 15 for Summer term.

If payment is not contingent on receipt of grades and The New School can bill the employer directly, there is no participation fee. The student submits only the Employer Reimbursement/ Third Party Billing Deferment Form with the employer authorization letter. The New School will send an invoice for payment to the employer/sponsor according to the authorization.