1. Free Application for Federal Student Aid (FAFSA) Students must complete a FAFSA each academic year to be considered for institutional and federal need-based grants, work study, and federal student loans. It is highly recommended that students file their FAFSA between January 1 and March 1.

2. Verification A student's FAFSA may be randomly selected by the government for a verification process. Students who are selected for verification will be notified by the Financial Aid Office. All verification paperwork and required documentation should be returned by May 15.

3. New York State Student Aid Payment Application (NYS residents only) The NYS Student Aid Payment Application will be used to consider NYS residents for the Tuition Assistance Program (TAP). NYS requires that all students complete a FAFSA prior to completing this application. It is recommended that this application be completed by May 30.

4. Financial Aid Award Letter A student's aid eligibility will be finalized after all financial aid applications and required paperwork have been received by the Financial Aid Office. Students will receive their initial award letter by mail and any revisions will be emailed. Students are required to complete, sign, and return one copy of their award letter to the Financial Aid Office no later than June 1.

5. Financial Aid Appeals The appeal process allows students and/or their families to provide additional information to the financial aid office that may not be captured on the FAFSA. In some cases, a student and/or their family may have had a change in circumstances after their FAFSA had been submitted. Students can communicate these special or unusual circumstances by completing an appeal form and providing documentation to support their appeal

Examples of circumstances that may be considered:

• Loss of employment (involuntary)
• Reduction in income (job change, disability, illness, etc.)
• Substantial medical expenses exceeding 11% of adjusted gross income
• Death of a parent
• Loss or reduction of benefits
• Divorce/Separation
• Request to be considered an independent student (ex: parental abandonment, abusive family environment, legal custody of someone other than biological parents).

Examples of circumstances that may not be considered:

• Request to match a financial aid offer from another school
• Request to exclude stepparent income on your FAFSA
• Parent is also attending college
• High debt-to-income ratio
• Failed business or real estate investments
• Inability to liquidate assets

Students that would like to submit an appeal may email our office at finaid@prattmunson.edu and request an appeal form. Completed forms should be submitted no earlier than March 15. Students will receive an appeal decision no later than April 15.

The Pratt Munson Student Accounts Office Makes Billing Easy. The Student Accounts office provides a variety of services including billing of tuition and other charges, collecting payments, and disbursement of financial aid refunds according to Federal, State, and Institute policies. In addition, the office also provides 1098-T tax forms to eligible students.

Click here to view/download FERPA Release form.

Contact the Bursar: 
Email: tzarubin@munson.art 
Phone: 315-797-0000 ext. 2174

Fall Tuition is due July 15, 2023. 
Fall Bills will be mailed by June 15, 2023. 
Spring 2024 Tuition is due January 5, 2024.

Payment Options 
Debit and/or credit card payments can be made online through our Nelnet payment portal. 
Check payments or money orders can be made payable to Pratt Munson and mailed to: 

Pratt Munson 
Office of Student Accounting 
310 Genesee Street Utica, NY 13502 
(Please include the student’s name and/or ID number on the check)

International tuition payments 
can be securely using Flywire. Students are offered favorable conversion rates unmatched by larger financial institutions and are able to pay from any country while saving a significant amount of money on their payments.

Monthly Payment Plan 
A tuition payment plan is offered to parents and/or students who would like to finance their education throughout the academic year. The student’s remaining costs are divided into 10 monthly payments (5 payments per term). An initial $85 enrollment fee is required to participate. Click here to learn more.

Tuition Insurance 
A tuition insurance plan helps students and their families overcome the financial losses that may result when a student withdraws due to a covered medical reason. Pratt Munson has partnered with GradGuard to make a tuition insurance plan available to our families.

Learn more about this optional offering by clicking here or watching the below video.

The deadline to apply for tuition insurance is the day before the first day of classes each semester.

Our tuition savings, generous financial aid, and easy payment options should certainly factor into your decision to attend Pratt Munson. We provide an exceptional education and Pratt prestige, but with considerably less expensive tuition.

No reduction in liability is available to students who withdraw except when approval is given by the proper authorities. Students who wish to withdraw must complete the official withdrawal form available in the Registrar’s office. Tuition refunds are determined by the date the add/drop or complete withdrawal form is signed by the Registrar.

For all students, the following course withdrawal penalty schedules apply:

For the Fall and Spring Academic Year:

• Full Refund, Withdrawal prior to and including the opening day of the term
  • 85% Tuition Refund
• Withdrawal from the 2nd through the 8th day of the term
  • 70% Tuition Refund
• Withdrawal from the 9th through the 15th day of the term
  • 55% Tuition Refund
• Withdrawal from the 16th through the 22nd day of the term
  • No Refund
• Withdrawal after the 22nd day of the term

Consider tuition insurance to supplement and strengthen our refund policy. Learn more at GradGuard.com/Tuition/mwpai or call 877-794-6603.

Welcome to Pratt Munson’s First-Year Net Price Calculator! Using our net price calculator will allow you to estimate the cost of your education at Pratt Munson. You will be asked to grade your portfolio, indicate your high school GPA, and provide family income and household information.

Please keep in mind that this tool is only a guide to help you plan for your college costs. Students will receive an official financial aid award letter once they have been accepted to Pratt Munson and completed their Free Application for Federal Student Aid (FAFSA).

PLEASE NOTE: This calculator is only for U.S. citizens and permanent residents.

A student’s eligibility is determined based on their application materials that were submitted at the time of acceptance. Students must maintain a 2.5 cumulative GPA at the end of their first year to maintain for the sophomore year. This award does not need to be repaid.

A student’s merit scholarship eligibility is reevaluated when relocating to the Brooklyn campus. Eligibility will be based on the student’s cumulative GPA at the end of the first semester of their sophomore year at Pratt Munson. For a complete breakdown of GPAs and scholarship amounts please click here.

Eligibility is based on a student’s remaining financial need after all other financial aid has been awarded. This award does not need to be repaid.

A need-based grant awarded by the federal government. Eligibility is based on the amount of financial need demonstrated on the student’s FAFSA. This award does not need to be repaid.

A need-based grant also awarded by the federal government, and is awarded to students that demonstrate exceptional financial need. This award does not need to be repaid.

Awarded to New York State residents who demonstrate financial need. Students are required to complete the New York State Student Aid Payment Application to be considered for this grant. This award does not need to be repaid.

Work study eligibility is a need-based work program and is offered to students who show exceptional financial need. Students maintain a part-time job on campus while enrolled at Pratt Munson. Students are paid New York State minimum wage and will receive a bi-weekly paycheck. These funds are not earned upfront and are not applied to your college tuition bill. Funding for this program is limited and will be offered on a first-come basis. Eligible students will be offered work-study on their Financial Aid Award Letter. Students must maintain a 2.0 GPA at the end of each semester to remain eligible for Federal Work Study.

Low-interest loans are offered by the federal government. Students must complete a FAFSA to be considered eligible for all federal loans. All students who borrow a federal student loan will be required to complete a Master Promissory Note and Entrance Counseling Session at StudentAid.gov. Students will be notified by the Financial Aid Office when these requirements are available.

• Federal Direct Subsidized Loan: Offered to students based on financial need. Interest rates are fixed at 5.50% for loans disbursed on or after July 1, 2023. Interest does not accrue while the student is in school. Repayment begins six months after the student graduates or stops attending. Maximum loan amounts are $3,500 for first-year students and $4,500 for sophomores.
• Federal Direct Unsubsidized Loan: Offered to students regardless of financial need. Interest rates are fixed at 5.50% for loans disbursed on or after July 1, 2023. Interest does accrue while the student is in school. Repayment begins six months after the student graduates or stops attending. Maximum loan amounts are $5,500 for first-year students and $6,500 for sophomores. An additional $4,000 is available to independent students or to dependent students whose parents have been denied the Federal Direct Parent PLUS Loan.

Offered to the parent of a dependent student, so they may bridge the gap between a student’s financial aid eligibility and their total cost of attendance. Interest rates are fixed at 8.05% for loans disbursed on or after July 1, 2023. Parents are required to complete a separate loan application that requires a credit check. This loan is not based on financial need and can cover up to the student’s entire cost of attendance. Interest does accrue while the student is in school. Repayment begins after the loan has been fully disbursed. Parents do have the option to defer repayment while the student remains in school, however, they must contact their loan servicer and request a deferment once the loan has entered repayment. Parents should email the Financial Aid Office if interested in this option.

A loan that is designed to help students meet their college costs after all other types of aid has been awarded. There are several lenders that offer students the opportunity to borrow loan funds; however, a credit-worthy co-signer is usually required. Cosigners can be a parent, relatives, family friends, etc. The lender determines the interest rate. Students can apply for a fixed or variable interest rate when completing the loan application. Interest will begin accruing at the time of disbursement. Students can choose to begin repayment after graduation or immediately. Please click here to research available loan lenders and their online loan application instructions.

A tuition payment plan is available for students that would like to finance their education interest-free throughout the academic year. The student's remaining annual balance is divided into 10 monthly payments over the academic year. Payments are due on the 15th of each month starting in July and ending in April. There is an $85 annual set-up fee that is due upon enrolling in the online monthly payment plan.

Financial aid exists beyond the many opportunities available through Pratt Munson. Below are some of them:

Outside Scholarships

Veterans' Educational Benefits 
The Department of Veterans Affairs administers a variety of education benefits programs. The most common benefit program used is the Post-9/11 GI Bill for dependent children. The Department of Defense may also allow eligible veterans to transfer educational benefits to dependent children. Benefits can be applied to tuition, fees, housing, and books/supplies. For more information regarding eligibility, please click here.

New York State ACCESS_VR 
Vocational Rehabilitation provides a full range of services and financial assistance to help eligible individuals with disabilities meet their career goals. For further information, students should contact the nearest district office of Adult Career and Continuing Education Services-Vocational Rehabilitation. District office locations can be found here.

NYS Scholarship for Academic Excellence 
This program provides scholarship assistance to outstanding New York State high school graduates. Students must have graduated from a New York State high school, be matriculated full time at an institution located in New York State, be in good academic standing, be a US citizen or qualifying non-citizen, and not be in default of a student loan. Students should contact their high school guidance counselor to apply.