New College is a three-story, gabled roof building which continues to reference the Federal style, although the building's original entrance and window sashes have been modified.
 

Constructed in 1822 as an dormitory for upperclassmen, New College was destroyed by fire in 1830. When funds became available for reconstruction in 1832, James Carlton and Ross Crane built the existing building. Occupied during the Civil War by refugees, wounded Confederates, and briefly by Federal troops, New College resumed its role as a dormitory. The building was also known as the Richardson House because Mrs. George Richardson ran a student boarding house within the building until 1886, when W.R. Stillwells took over its operation.

 Later converted to classrooms, New College was used by the School of Pharmacy in 1950, when the building was abandoned fearing its collapse. Consequently, renovation efforts included the installation of iron tie rods. The student co-op and bookstore, located in the basement, relocated in 1951, and the School of Pharmacy moved to occupy its new building in 1964. New College served the Psychology Department until 1970, when the building became administrative offices for campus planning and the College of Arts and Sciences, the current occupant.