Even in the era of rising higher education costs, tuition at New College of Florida is still incredibly low, as evidenced by the comparatively low average debt for graduating students: just under $17,000. The sticker price is further offset by loans, grants, and scholarships. The average grant for freshman is about $10,000, and the average freshman loan is about $3,000. The school estimates that books and supplies, personal necessities, and transportation may run another $4,400 per year. Independent study projects and senior theses may involve additional costs for travel, research expenses, and equipment.