Analysis
The New School's music program starts graduates at just $12,000 annually—among the lowest in New York state and nationally—but this tells only part of the story. By year four, earnings more than double to $26,000, which matches the national median and surpasses most New York music programs. Still, that's a difficult financial trajectory for parents to stomach, especially when CUNY Hunter graduates start at nearly three times the initial New School salary and Columbia grads begin above $32,000.
The $24,000 debt load is actually slightly below typical music program debt, but paired with that first-year earning figure, it creates nearly a 2:1 debt-to-income ratio—meaning graduates face debt double their annual income right out of college. The 10th percentile state ranking reveals that nine out of ten New York music programs produce better initial outcomes. For a school charging private tuition rates (only 15% of students receive Pell grants), these numbers suggest significant financial risk during those crucial early years when loan payments typically begin.
Here's the reality: if your child is determined to pursue music at The New School, they need a financial cushion for those first few years or a clear plan for how they'll bridge the gap between $12,000 earnings and their loan payments. The eventual earnings recovery is real, but the path there is harder than at most alternatives.
Where The New School Stands
Earnings vs. debt across all music bachelors's programs nationally
Earnings Distribution
How The New School graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| The New School | $12,109 | $26,166 | +116% |
| Ithaca College | $23,119 | $41,583 | +80% |
| Hofstra University | $15,592 | $41,288 | +165% |
| SUNY College at Potsdam | $23,902 | $40,627 | +70% |
| SUNY at Fredonia | $21,524 | $33,086 | +54% |
Compare to Similar Programs in New York
Music bachelors's programs at peer institutions in New York (61 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $56,386 | $12,109 | $26,166 | $24,000 | 1.98 | |
| $7,382 | $33,384 | $29,028 | — | — | |
| $69,045 | $32,924 | — | — | — | |
| $37,452 | $26,060 | $31,616 | $26,717 | 1.03 | |
| $29,950 | $25,315 | $30,618 | $27,750 | 1.10 | |
| $60,438 | $24,398 | $18,612 | $25,000 | 1.02 | |
| National Median | — | $26,036 | — | $26,000 | 1.00 |
Career Paths
Occupations commonly associated with music graduates
Art, Drama, and Music Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Music Directors and Composers
Sound Engineering Technicians
Musicians and Singers
Disc Jockeys, Except Radio
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At The New School, approximately 15% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 51 graduates with reported earnings and 59 graduates with debt data. Small samples may not be representative.