FINANCING YOUR EDUCATION
Recognizing the importance of access to education, the institution strives to create opportunities for talented individuals, regardless of their financial circumstances.
Pratt Munson is committed to providing ample financial support to its students through a combination of generous merit and need-based financial aid.
Pratt Munson takes great pride in its affordable tuition, which is notably lower than that of many other private art institutions. We are dedicated to providing substantial financial aid to our accepted students, with approximately 94% of our student body receiving some form of institutional assistance. Our diligent financial aid staff is committed to helping every student maximize their access to available financial aid opportunities.
Merit-based scholarships are awarded to students who demonstrate exceptional academic achievements and outstanding potential. Additionally, Pratt Munson also considers U.S. citizens and eligible non-citizens for need-based financial aid, allowing students with limited financial resources the opportunity to pursue their educational aspirations. By investing in the success of its students, Pratt Munson aims to foster a diverse and inclusive community where all individuals can thrive and achieve their goals.
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.
The 2025-26 FAFSA is expected to be available by December 1, 2024.
It is highly recommended that students file their FAFSA as soon as possible, but no later than March 1.
SCHOOL CODES
FAFSA Federal School Code: 002798
NYS TAP Code: 0615
*All Pratt undergraduate programs use the same school codes. Students will not find separate school codes for Pratt Munson.
WHO IS ELIGIBLE TO FILE A FAFSA?
Students must meet the following requirements to be considered for federal financial aid programs.
- Be a U.S. Citizen or an eligible non-citizen with an Alien Registration Number;
- Have a high school diploma or a recognized equivalency;
- Have a valid Social Security Number;
- Not be in default on an existing federal student loan;
- Maintain satisfactory academic progress
NOTE: International students who do not meet the above requirements will still be considered for a Pratt Munson Merit Scholarship at the time of acceptance. Approximately 85% of our international students receive this type of scholarship. International students are also encouraged to pursue outside scholarships through IEFA, and alternative student loan options with a U.S. citizen to cosign the loan application.
Financial Aid Timeline
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 by April 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.
Net Price Calculator
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.
