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Welcome New Freshmen!

At the NYU Office of Financial Aid (OFA), we help families maximize their financial aid options and provide guidance to help minimize confusion to make an NYU education possible. We encourage you to read through the information presented here to learn the few key points that New students need to know; for detailed explanations of any of the items listed here you may refer to our home page.  Professional school students please refer to the section "Financial Aid at NYU Professional Schools" located in the lower right column on our home page.


Financial Aid Guide

The Financial Aid Guide provides essential information to accompany the NYU financial aid award package for the academic year.  Published in April.


Scholarships and Grants

Scholarships and grants are types of gift aid that do not have to be repaid. They may take the form of University scholarships, federal or state grants, or outside scholarships.

For most undergraduates, eligibility for a merit-based and/or need-based scholarship is determined upon entrance to the University based on prior academic strengths and, if you apply for financial aid, your demonstrated financial need. Typically you will continue to receive for subsequent academic years the amount of scholarship you received for your first year (subject to the availability of funds), as long as the following criteria are met:


Analyzing Your Resources

New York University, like all colleges and universities, bases its federal "financial need" analysis on the federally mandated formula called the "federal need analysis methodology," or EFC (Expected Family Contribution). To learn more, visit the U.S. Department of Education website and see the EFC Formula Guide under "Publications by Document Type."

Your eligibility for NYU scholarship funding is also determined by the results of the CSS/Financial Aid PROFILE.

In summary, the EFC (and the results of the CSS/Financial Aid PROFILE, if required) provides a tool to estimate the amount you and your family are expected to contribute (family contribution) toward your education. It includes factors such as taxable and nontaxable income, assets (savings, etc.), benefits (for example, income from Social Security or unemployment insurance), and the number of family members in college. The amount calculated is subtracted from the cost of attending New York University, yielding your financial need:

Cost of Attending NYU minus Expected Family Contribution equals Financial Need

We try to "package," that is, combine, financial aid programs -- scholarships and grants, loans, and work programs -- to help meet the annual cost of attending NYU. The actual mix of your aid package varies according to need and academic ability. If your family's financial situation changes significantly after you have submitted the FAFSA, you may send an email to us to request a review based on the new circumstances.


Optional Payment Plans

After thoroughly reviewing the amounts and types of financial aid you have been offered by the University, you and your family will now need to set up firm plans for paying your college bills. (Comprehensive cost of attendance information is available at "Tuition, Fees and Expenses" above.) At this time, you may want to consider the payment options offered by the University to assist you with the portion of college costs for which you and your family will be responsible. You may use one of these plans or a combination of several. By combining these payment alternatives with your financial aid package, you should find a New York University education financially accessible.


Very Important Points to Remember

  1. Review the Student Aid Report (SAR) you receive from the U.S. Department of Education. Be sure that all required sections are complete and accurate and that you indicated the federal school code number 002785 for New York University. Follow the instructions to make corrections if necessary (e.g. final income tax return information), and then keep the final SAR for your records. (You can review and make changes to your SAR record on the FAFSA website.)
  2. Keep a copy of all documents that you submit to the Office of Financial Aid.
  3. Be certain that you understand the conditions of the awards you accept. Adhere to deadlines and the Satisfactory Academic Progress standards.
  4. Advise the Office of Financial Aid immediately if you receive student aid funds from any independent outside source (e.g. private scholarships and grants). A change in your resources may affect your NYU financial aid package.
  5. Respond immediately to all requests from the Office of Financial Aid. Failure to comply may result in the cancellation of your aid.
  6. Traditional Undergraduate students are packaged based on full-time enrollment (at least 12 points). Consult with the Office of Financial Aid immediately if you reduce your academic program to fewer points or you intend to begin part-time (less than 12 points). Also contact us if there is a change in your housing status. A change in enrollment or housing status may affect the financial aid you receive.
  7. Be sure to notify the Office of the University Registrar of your current address and permanent address by using NYU Albert.
  8. Remember that you must reapply for financial aid each year. The CSS Profile is not required after your first year. The NYU priority deadline for the FAFSA form next year is April 1. (Important: your application, with all necessary signatures, must be received and validated by the processor and released to NYU by April 1). Also, if you submitted a FAFSA for the current academic year and received an NYU scholarship, you must submit the FAFSA again each year to ensure normal processing. Graduate students should check with their school's financial aid office for specific scholarship deadlines, if different.
  9. Withdrawal: Students should refer to the official academic withdrawal policy described in their school bulletin, and then use the Semester Withdrawal Form on the Office of the University Registrar web site. 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" up to that point is determined by the withdrawal date and a calculation based on the federally prescribed formula. Generally, federal assistance is earned on a pro rata basis.


Where to Go for Help

It's Online:

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Office of Financial Aid
New York University
Student Services Center
25 West Fourth Street
New York, NY 10012-1119
212-998-4444

  • Apply for financial aid
  • Discuss a financial aid award
  • Process a loan deferment
  • Telephone Tips: Office of Financial Aid telephone lines can be quite busy during certain times of the year: (1) from April 1 to May 15, when our prospective freshmen are choosing their college; (2) from July 1 to August 15, when the fall bills have been issued; and (3) during registration.
    During the remainder of the year, most calls are answered with little waiting time. To reach a financial aid counselor right away, we suggest that you (1) call Tuesday or Thursday (Mondays are the busiest); (2) call between 9 and 11 a.m. or 3:30 and 5 p.m.; and (3) use NYU Albert to obtain routine information about your award or the status of your financial aid application.
    You may also send an email to us or visit our office, instead of phoning.  Our staff will review your message and respond as quickly as possible.

Office of the Bursar
New York University
Student Services Center
25 West Fourth Street
New York, NY 10012
212-998-2806

  • Make a payment
  • Inquire about a refund
  • Pay your bill
  • Go to website

Office of the University Registrar
New York University
Student Services Center
25 West Fourth Street
New York, NY 10012
212-998-4800

  • Enrollment reporting for loan deferments
  • TAP certification
  • Go to website

Office of Residential Life and Housing Services
New York University
726 Broadway, 7th Floor
New York, NY 10003
212-998-4600

  • Explore the Residence Halls
  • Residence Hall payment and billing
  • Go to website

Wasserman Center for Career Development
New York University
133 East 13th Street, 2nd Floor
New York, NY 10003
212-998-4730


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Student link

NYU Albert

To access your financial aid award, please log on to the NYU Albert Student Center and click the link to Accept/Decline your awards.  Click the appropriate aid year, and you will be able to view a detailed record of your estimated financial aid.
 

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