Policy

Eligibility for Financial Aid


Satisfactory Academic Progress

NOTICE: This document is effective for students attending summer semester 2011 and later.  Traditional undergraduates who attended spring semester 2011 and earlier will first be evaluated using the Satisfactory Academic Progress standard defined here, and if a student does not meet this standard, they will then be evaluated based on the SAP standard in effect before summer semester 2011.

Traditional Undergraduate Students

To be considered for financial aid each year, students must make satisfactory academic progress toward completion of their degree requirements. Students must earn a passing grade (A, B, C, D, or P, including accepted credits from Advanced Placement, Advanced Standing, and Transfer Student status) in a minimum of 76 percent of the courses in which they are enrolled each academic year (fall, spring and summer semesters) and maintain a cumulative grade point average of at least 2.0. The annual review will include courses completed up through the spring term of that academic year.

The Satisfactory Academic Progress policy contains a quantitative component, meaning that you are required to make steady progress toward your degree or aid-eligible non-degree graduate program by completing at least 76.00% of all your attempted credit hours. For example, if you attempt 16 hours per term during the academic year (32 cumulative attempted hours), you would be expected to satisfactorily complete at least 25 of these hours in order comply with the minimum quantitative standards.

Note: Students admitted to NYU-Poly prior to spring 2014 must complete at least 67% of the courses in which they are enrolled, based upon criteria established when they started their program at NYU-Poly.

Advanced Placement, Advanced Standing and Transfer Students

Accepted credit points from Advanced Placement, Advanced Standing, and Transfer Student status are considered to be attempted and earned credits for the purpose of evaluating satisfactory academic progress.

HEOP and CSTEP

Undergraduate students participating in the New York State Higher Education Opportunity Program (HEOP) or the New York State Collegiate Science & Technology Entry Program (CSTEP) must earn a passing grade (A, B, C, D, or P, including accepted credits from Advanced Placement, Advanced Standing, and Transfer Student status) in a minimum of two-thirds (67 percent) of the courses in which they are enrolled each academic year (fall, spring and summer semesters) and maintain a cumulative grade point average of at least 2.0. The annual review will include courses completed up through the spring term of that academic year.

The Satisfactory Academic Progress policy contains a quantitative component, meaning that you are required to make steady progress toward your degree or aid-eligible non-degree graduate program by completing at least two-thirds (67.00%) of all your attempted credit hours. For example, if you attempt 16 hours per term during the academic year (32 cumulative attempted hours), you would be expected to satisfactorily complete at least 22 of these hours in order comply with the minimum quantitative standards.

Paul McGhee Division

School of Professional Studies Paul McGhee Division students must earn a passing grade (A, B, C, D, or P, including accepted credits from Advanced Placement, Advanced Standing, and Transfer Student status)in a minimum of two-thirds (67 percent) of the courses in which they are enrolled each academic year (fall, spring and summer semesters) and maintain a cumulative grade point average of at least 2.0. The annual review will include courses completed up through the spring term of that academic year.

The Satisfactory Academic Progress policy contains a quantitative component, meaning that you are required to make steady progress toward your degree or aid-eligible non-degree graduate program by completing at least two-thirds (67.00%) of all your attempted credit hours. For example, if you attempt 16 hours per term during the academic year (32 cumulative attempted hours), you would be expected to satisfactorily complete at least 22 of these hours in order comply with the minimum quantitative standards.

Graduate Students

Graduate students must earn a passing grade (A, B, C, D, or P) in a minimum of 80 percent (67 percent for GSAS students, 75 percent for law students) of the courses in which they are enrolled each academic year (fall, spring and summer semesters). The annual review will include courses completed up through the spring term of that academic year.

Most graduate schools at the University require a minimum GPA of 3.0. This may vary, so you should consult your academic advisor or refer to the academic requirements published in your school's bulletin. Normal progress requires completing all courses for which you are registered and progressing toward your degree at a level that compares favorably with other registrants working toward the same degree in the same academic program.

Extending Your Financial Aid

Financial aid funding (federal, state, and campus-based) is designed to help students complete their degree requirements within a limited period of time and is generally not available beyond that point.  However, in certain circumstances the Office of Financial Aid may authorize additional student funding for one or more semesters. To be considered for an extension of financial aid availability please submit an Aid Eligibility Extension Request Form, available on our Applications and Forms menu.

Review of Your Academic Progress

Federal regulations require New York University to monitor the academic performance of its students for the purpose of verifying and maintaining their eligibility for federal financial aid.  If you do not meet the standard of Satisfactory Academic Progress (SAP), your federal financial aid will be suspended. In most cases, state and NYU financial aid (scholarship) require that the same criteria be maintained for continued eligibility. Some graduate schools have different eligibility criteria for their scholarships and students are encouraged to review their school/department criteria accordingly.

NYU does not offer ESL or remedial courses for credit towards any of its undergraduate or graduate degrees.

Most types of financial aid - including federal financial aid - require students be enrolled in courses that are necessary to fulfill their degree requirements; therefore, students enrolling in an excessive number of electives that are not applicable to their degree may have their financial aid revoked. To ensure applicable courses are taken, students are encouraged to seek out guidance from their academic advisors.

For students who change schools or change majors within NYU, all credits that count towards their degree in their new school or towards their new major are considered both attempted credits and earned credits.  Credits that are not applied towards the degree in the student’s new school or towards their new major count neither as attempted credits nor as earned credits.

All repeated courses count as both attempted and earned credits and all types of incompletes count as attempted credits but not as earned credits.

An academic progress calculator is available here as a guide to your status.

The Office of Financial Aid typically conducts a SAP review at least annually at the conclusion of each academic year, and students who do not meet the requirement receive a notice on their NYU Albert account. The annual review will include courses completed up through the spring term of that academic year. Students who enroll in programs that are only one year in length will have progress checked after their first payment period (between the Fall and Spring semesters, generally).

Financial Aid Suspension

Students who do not meet the SAP requirement are automatically placed on financial aid suspension (unless the student is approved for financial aid probation, see below). During suspension, the student will not be eligible for financial aid. (Students may continue to acquire private non-NYU scholarships and private non-federal loans.) Eligibility for financial aid will be returned when the student meets the SAP standard.

Financial Aid Probation

All students have the right to appeal the suspension of their financial aid. Students may appeal only once for each academic degree in most circumstances (an exception may be granted in the event of illness or injury, see below) by asking to be placed on financial aid probation. This requires the submission of the Satisfactory Academic Progress Appeal Form, available on our Applications and Forms menu.

SAP is reviewed at the end of each spring term. Based on federal regulation, students who do not meet the SAP standard and enroll in a term are considered to be using their probationary semester, regardless of whether they pursue financial aid. (Example: If after the spring term you are not meeting the SAP standard and you are enrolled in the summer term, the summer term would be considered your probationary semester regardless of whether you pursue financial aid.)

Approval will be reviewed based on the following criteria:

  • the student is able to mathematically meet Satisfactory Academic Progress after one semester of enrollment
  • the student has never had a probationary semester before during the current degree
  • the student has never been denied financial aid for a previous semester due to an Academic Progress issue

Students who are approved will be placed on financial aid probation for one semester. The student will remain eligible for financial aid and will continue to receive financial assistance during the approved probationary semester.

Students who meet the SAP standard at the end of their probationary semester will be restored to Satisfactory Academic Progress status. Students who do not meet the SAP requirements at the end of the probationary period will be placed on financial aid suspension (described above).

Students are permitted only one semester of financial aid probation. If a student meets the SAP requirement at the end of their probationary semester but later fails again to meet the SAP requirement, the student is not eligible for additional financial aid probation, except in the event of illness or injury.

Students requesting additional aid consideration on the basis of documented special circumstances, such as illness or injury, must submit the appeal form no later than the last day of the semester's add/drop period to ensure proper time is available for review. In such cases, if approved, an individualized academic contract is created for their probation term.

NOTICE: The current SAP standard for traditional undergraduate students is effective beginning summer semester 2011.  Traditional undergraduates who attended spring semester 2011 and earlier will first be evaluated using the current SAP standard, and if a student does not meet this standard, they will then be evaluated based on the SAP standard in effect before summer semester 2011.

Enrollment Status

To be considered for any type of student aid you must be officially admitted to New York University or matriculated in a degree program, and be making satisfactory academic progress toward degree requirements. Students in certain certificate or diploma programs may also be eligible for consideration. Generally, University-administered aid is awarded only to full-time students.

Part-Time Status:Part-time students (fewer than 12 points per semester) may be eligible for a Federal Direct Loan or a Federal Direct PLUS Loan, but they must also maintain satisfactory academic progress. Undergraduate students may also be eligible for Aid for Part-Time Study (APTS) (New York State residents only — separate application available here) or for Pell Grants.

Half-Time/Full-Time Equivalency:Graduate students may be eligible for a half-time or full-time equivalency, based upon the determination of their academic department,even if they are not enrolled for actual credits. Limited financial aid may be available to students with posted equivalencies. Cost of attendance for students with equivalencies is based upon living and miscellaneous expenses and not tuition and fees.

Deferred Enrollment

Freshmen applicants who have been offered admission to NYU may submit a request to the Office of Undergraduate Admissions to defer their enrollment for up to one year. Under certain circumstances, a deferral of two years may be approved. All students who have been approved for deferred enrollment should understand the following regarding their financial aid.

One Year Deferred Enrollment:
Students approved to defer their enrollment for one year and who received a financial aid package with their original offer of admission can expect that the NYU portion of their package (i.e. NYU scholarships and grants) will also be deferred and received in full as originally offered as long as the following criteria are met:

  • U.S. Citizens and U.S. Permanent Residents Admitted to our New York campus or NYU Shanghai: It is not necessary to re-submit the CSS/Financial Aid PROFILE, as scholarship eligibility will not be reevaluated. However, you must fill out the new Free Application for Federal Student Aid (FAFSA) for the upcoming academic year by February 15 (11:59pm EST) in order to be reviewed for federal financial aid and to secure any scholarship you were initially offered.
  • Non U.S. Citizens/Non U.S. Permanent Residents Admitted to our New York campus or NYU Shanghai: You will need to submit a CSS/Financial Aid PROFILE for the upcoming academic year by February 15 (11:59pm EST) to secure any scholarship you were initially offered.
  • Chinese Nationals Admitted to NYU Shanghai: It is not necessary to file the CSS/Financial Aid PROFILE. For questions about your aid eligibility please contact the NYU Shanghai Office of Admissions at 212-998-4500 (+86-21-2059-5599 Shanghai Office, China Standard Time) or by email at shanghai.admissions@nyu.edu.
  • UAE Nationals Admitted to NYU Abu Dhabi: It is not necessary to file the CSS/Financial Aid PROFILE. You will automatically be awarded the same level of financial support as initially offered.
  • Non UAE Nationals Admitted to NYU Abu Dhabi: You will need to submit a CSS/Financial Aid PROFILE for the upcoming academic year by February 15 (11:59pm EST) to receive the same level of financial support you were initially offered.

Students who defer their enrollment for one year will not be re-evaluated for new NYU scholarships and grants, so if a student missed the original deadline for the CSS/Financial Aid PROFILE during the year they were originally offered admission and were not offered any scholarship as a result, they will still be ineligible for NYU scholarships and grants.

All U.S. citizens and U.S. permanent residents admitted to NYU New York or NYU Shanghai will be reviewed for federal financial aid with the successful submission of a valid FAFSA.

Two or More Years Deferred Enrollment:
Students may be approved to defer their enrollment for a second or third year. A student approved for an additional year of deferred enrollment must reapply for all types of financial aid by February 15 prior to the fall semester of entry to be reviewed for current scholarship eligibility. The initial package offered upon their original admission will not be available.

The following applications for the upcoming academic year are required for scholarship consideration:

  • CSS/Financial Aid PROFILE - All students admitted to our New York campus, NYU Shanghai, or NYU Abu Dhabi by February 15 (11:59 pm EST)
  • FAFSA – All U.S. citizens and permanent residents admitted to our New York campus or NYU Shanghai by February 15 (11:59 pm EST)
  • Noncustodial PROFILE/Waiver Request - All students admitted to our New York campus, NYU Shanghai, or NYU Abu Dhabi whose parents are divorced, separated, or never married by February 20 (11:59 pm EST)

If any of the above applications are filed late, the student would not be reviewed for NYU scholarship or grant, but would be reviewed for federal aid eligibility with a valid FAFSA if they are a U.S. citizen or U.S. permanent resident admitted to NYU New York or NYU Shanghai.

Renewal Eligibility

Financial aid awards are not automatically renewed each year. Students must apply for aid each year to renew their eligibility for all types of assistance (including NYU scholarships), continue to demonstrate financial need, make satisfactory progress toward degree requirements, and be in good academic standing.

Citizenship Documentation

Students who are not U.S.citizens are subject to different regulations which may require supporting documentation, depending upon the type of financial aid sought. You will be contacted if this applies to you. U.S. citizens may also be required to document their citizenship status.

To be eligible for aid from NYU and from federal and state government sources, students must be classified either as U.S. citizens or as eligible non-citizens. Students are considered to be eligible non-citizens for financial aid purposes if one of the following conditions applies:

  • U.S. permanent resident with an Alien Registration Receipt Card I-551 ("green card").
  • Other eligible non-citizen with an Arrival-Departure Record (I-94) showing any one of the following designations: (a) "Refugee," (b) "Indefinite Parole," (c) "Humanitarian Parole," (d) "Asylum Granted," or (e)"Cuban-Haitian Entrant."

NYU Employees and Their Dependents

Members of New York University staff, faculty, and officers or administrators, and their dependents who are eligible for tuition remission are encouraged to apply for financial aid (by submitting the FAFSA). Financial aid consists of Federal Subsidized Loans, Federal Unsubsidized Loans, Federal PLUS Loans, Federal Pell Grants and the Federal TEACH Grant, as well as private (non-federal) alternative loan programs. Please contact the NYU Benefits Office for details about tuition remission, and learn also how to apply online. Please note, if you were offered an NYU Scholarship and you have elected to utilize tuition remission, you are no longer eligible for the NYU Scholarship.

Social Security Administration

Students who wish to apply for federal financial aid must include their Social Security number on the NYU Application for Admission (or provide it to the University Registrar following enrollment) and on the Free Application for Federal Student Aid (FAFSA).

The federal government will confirm that the Social Security number on the FAFSA application matches other data in their files. Students whose records do not match will be required to verify their Social Security number. If you have changed your name you must notify the Social Security Administration before financial aid can be disbursed. See their web site for more information: www.ssa.gov

Selective Service System

Males born on or after January 1, 1960 must register with Selective Service to qualify for federal aid. The federal government may require students to verify registration. Financial aid cannot be secured without such verification.  See the Selective Service web site for more information: www.sss.gov

Tax Information and Income/Asset Verification

It is not necessary to submit copies of your tax returns or any other family financial records or supporting documentation to the Office of Financial Aid unless you are specifically asked for additional information.  Unsolicited material will be destroyed without review.  If you have unusual financial circumstances that may increase your eligibility for financial aid, contact the Office of Financial Aid AFTER you have received your award letter.

You may also be required to provide appropriate tax records if your application for financial aid is selected by the U.S. Department of Education for income and asset verification.  You will be notified if this is necessary.  The verification process may result in an adjustment to your financial aid award, and can occur at any time throughout the year.  If you do not provide tax returns when requested, your financial aid may be revoked.

Withdrawal

Students should refer to the official academic withdrawal policy described in their school bulletin, and then use the Semester Withdrawal Form available on NYU Albert (see information at the University Registrar).  For students receiving federal aid who withdraw completely before attending 60 percent of the semester, NYU is required to calculate how much of federal student aid funds must be returned.  Those receiving federal aid who withdraw completely may be billed for remaining balances resulting from the mandatory return of funds to the U.S. government. The amount of federal aid "earned" is determined by the withdrawal date and a calculation based upon the federal formula. Generally, federal assistance is earned on a pro-rata basis. The withdrawal date is calculated based on the date the withdrawal form is submitted, unless the University has other information that demonstrates the withdrawal and/or last day of attendance was an earlier date.

The portion of federal aid that was not earned by a student will be returned from the appropriate federal student aid program(s) in the following order, Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Perkins Loan, Federal Graduate PLUS Loan, Federal Direct Parent PLUS Loan, Federal Pell Grant, and Federal Supplemental Educational Opportunity Grant (FSEOG).


Notes
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  1. Dates of official enactment and amendments: Not Available
  2. History: N/A
  3. Cross References: N/A