Pratt Munson is dedicated to assisting students in exploring every avenue of financial options to ensure they can afford the private art school education they deserve. Financial aid at Pratt Munson is awarded based on both financial need and the merit displayed in students' admissions materials. Financial need is determined through specific application requirements and a complex needs analysis, considering various factors such as income, assets, household size, and benefits. However, debt-to-income ratio is not taken into consideration.
We expect students to actively pursue aid available through federal and state governments as well as outside scholarship sources. By combining federal, state, and institutional funding, Pratt Munson is able to maintain an effective financial aid program and support our students in a time of escalating costs.
Financial Aid Director
Brenda Taylor
btaylor@prattmunson.edu
315-927-8608
Financial Need
A student’s financial need is defined as the difference between the student’s overall cost of attendance at Pratt Munson and the family’s ability to pay as determined upon completion of the FAFSA.
Cost of Attendance
Cost of attendance is an estimated total of all the expenses a student will incur while attending Pratt Munson for one academic year. The Cost of Attendance includes tuition, fees, room, meal plan, books, supplies, and personal expenses.
Student Aid Index (SAI)
Determined using a formula created by the U.S. Department of Education, the SAI is based on the information provided on the student’s FAFSA. The student’s SAI is forwarded to the school and used to calculate a student’s financial aid eligibility. The SAI is a measure of the family’s current financial state and is not an actual estimate of what the government perceives a family can contribute to their child’s education.
Eligibility Requirements
A student’s eligibility for most financial aid programs is based on financial need. To determine a student’s financial need, a FAFSA application must be completed.
All federal and state financial aid programs require that a student:
Have a high school diploma or equivalent, General Equivalency Diploma (GED)
Be enrolled in a college degree program
Be a U.S. citizen or an eligible non-citizen
Have a valid Social Security Number
Maintain satisfactory academic progress
Not be in default on an existing federal student loan or owe money on a federal student grant
