Median Earnings (1yr)
$12,109
5th percentile (10th in NY)
Median Debt
$24,000
8% below national median
Debt-to-Earnings
1.98
Elevated
Sample Size
51
Adequate data

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

The New SchoolOther music programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How The New School graduates compare to all programs nationally

The New School graduates earn $12k, placing them in the 5th percentile of all music bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in New York

Music bachelors's programs at peer institutions in New York (61 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
The New School$12,109$26,166$24,0001.98
CUNY Hunter College$33,384$29,028——
Columbia University in the City of New York$32,924———
The College of Saint Rose$26,060$31,616$26,7171.03
Five Towns College$25,315$30,618$27,7501.10
New York University$24,398$18,612$25,0001.02
National Median$26,036—$26,0001.00

Other Music Programs in New York

Compare tuition, earnings, and debt across New York schools

SchoolIn-State TuitionEarnings (1yr)Debt
CUNY Hunter College
New York
$7,382$33,384—
Columbia University in the City of New York
New York
$69,045$32,924—
The College of Saint Rose
Albany
$37,452$26,060$26,717
Five Towns College
Dix Hills
$29,950$25,315$27,750
New York University
New York
$60,438$24,398$25,000

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.