StratREAL Scholarship Program
The New York Academy of Art has been awarded a generous 4-year grant by The StratREAL Foundation to support an innovative new scholarship program for students in the Academy's Graduate School of Figurative Art. First and second year students will be eligible for annual scholarships of $25,000 and $15,000, respectively. Successful applicants will be selected on the basis of excellence and financial need, and they will participate in a new mentoring project. For additional information, guidelines and application form for the StratREAL Scholarships, click here.
NYAA Merit Awards
Students demonstrating merit may receive annual scholarship awards ranging from $1,000 to $6,500. Completed admission applications are reviewed, graded and ranked by the Scholarship Committee. Students are notified of their award amount at the time of admission. Award amounts are deducted from the student’s tuition bill. Decisions to renew or upgrade existing awards or grant new awards to continuing students not formerly awarded are made by the Scholarship Committee during the spring semester.
Special Awards
At graduation, a number of awards ranging from $500 to $2,500 are made, many to support travel.
Postgraduate Fellows
The Academy offers three fellowships to sponsor a post-graduate year in residence at the Academy. These fellowships are awarded through a competitive application process. The award includes: assistant teaching and/or administrative assignment; studio accommodation; tutorial support; annual stipend and exhibition opportunity.
Grants and Gift Aid
Grant money and gift aid is funding from sources outside of the Academy to assist in educational expenses. This type of funding does not need to be paid back by the student. Please click here to download a list of gift aid opportunities and resources.
Federal Stafford Loans
There is no deadline by which students must submit applications for federally guaranteed student loans, though Federal Stafford loan applicants should expect processing of their loan applications to take from four to eight weeks and should therefore submit required forms as soon as possible.
Eligible students may receive both Subsidized and Unsubsidized Federal Stafford loans, but the combined loan total may not exceed either the cost of education (tuition, fees and living expenses) or the maximum Federal Stafford loan limit of $20,500 per academic year. Applicants for federally guaranteed loans must be U.S. citizens or permanent residents.
For more information on Federal Student Aid and to apply, please visit www.fafsa.ed.gov. THE ACADEMY’S FEDERAL SCHOOL CODE IS 026001.
Federal Graduate Plus Loans and Private Loans
Students may borrow additional loans in order to cover their cost of attendance at the Academy. Loans may be taken through the Federal Graduate Plus program or through private educational loans. For information about the Academy’s preferred lenders and for individual borrower limits, matriculated and accepted students should contact the Academy’s financial aid office or email Admissions@nyaa.edu.
The New York Tuition Assistance Program
The New York Tuition Assistance Program [TAP] provides grants annually to New York State residents attending institutions of higher learning within the state. Depending upon the student's financial status, awards range from $75 to $550 per academic year. The applicant must: Be a New York State resident and a U.S. citizen or permanent resident; Be enrolled for at least 12 credits (or for at least 3 credits for disabled students) and matriculated for a degree; and Have, if independent and single with no tax dependents, a net taxable income below $5,666 or, if dependent, a family net taxable income below $20,000.
Aid programs of other states
Other states sponsor their own grant and scholarship programs, with varying requirements and maximum awards. In order to be eligible, students must maintain a legal permanent address in their home state. For more information, students should contact the department of higher education in their home state.
