Congratulations on your acceptance to NYU! At the NYU Office of Financial Aid (OFA), we provide guidance to help families maximize their financial aid options and minimize confusion in order 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. Professional school students, please refer to the section "Financial Aid at NYU Professional Schools" located on the sidebar at Financial Aid at NYU.
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 the amount of scholarship you received for your first year for subsequent academic years (subject to the availability of funds), as long as the following criteria are met:
- You are a full-time student (at least 12 points).
- You applied for financial aid on time.
- You are meeting the Satisfactory Academic Progress standards.
- You have approximately the same amount of financial need that you had in prior years.
For graduate students, eligibility for 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. Please check your individual school’s website to learn about additional resources that may be available.
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), which is calculated when you file the FAFSA. To learn more, visit the U.S. Department of Education website and see the EFC Formula Guide under "Publications by Document Type."
If you are an undergraduate, 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 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 financial need and academic ability. If your family's financial situation changes significantly after you have submitted the FAFSA, you may send an email to email@example.com to request a review based on the new circumstances.
- Undergraduate Students: General (pdf)
- Undergraduate Students: Stern School of Business (pdf)
- Undergraduate Students: Tisch School of the Arts (pdf)
- Undergraduate Students: Tandon School of Engineering (pdf)
- Graduate Students (pdf)
- College of Dentistry: Tuition, Fees and Expenses
- Schedule of Tuition & Fees: Office of the Bursar
- Payment Plans: Office of the Bursar
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.) 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. The Office of Financial Aid realizes that attending NYU is an investment, therefore our Office offers you your best Financial Aid Package upfront. By combining these payment alternatives with your financial aid package, you should find a New York University education financially accessible.
- 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.)
- Keep a copy of all documents that you submit to the Office of Financial Aid.
- Be certain that you understand the conditions of the awards you accept. Adhere to deadlines and the Satisfactory Academic Progress standards.
- 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.
- Respond immediately to all requests from the Office of Financial Aid. Failure to comply may result in the cancellation of your aid.
- 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.
- Be sure to notify the Office of the University Registrar of your current address and permanent address by using NYU Albert.
- Remember that you must reapply for financial aid each year. The NYU priority deadline for scholarship renewal next year is May 1. Domestic students with scholarship and/or federal aid must file the FAFSA while international students with scholarship must file the CSS Profile. (Your application, with all necessary signatures, must be received and validated by the processor and released to NYU by May 1 at 11:59 p.m. eastern time). Graduate students should check with their school's financial aid office for specific scholarship deadlines, if different.
- Withdrawal: Students should refer to the official academic withdrawal policy described in their school bulletin, and then use the Term Withdrawal form, located in the drop-down menu of their Albert Student Center. 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.
- NYU Albert
- Funding Your Education: The Guide to Federal Student Aid (U.S. Department of Education)
- Student Aid on the Web (U.S. Department of Education)
Speak with a Counselor
- Apply for financial aid
- Discuss a financial aid award
- Process a loan deferment
- Speak with a counselor
Office of the Bursar
- Make a payment
- Inquire about a refund
- Pay your bill
- Go to website
Office of the University Registrar
- Enrollment reporting for loan deferments
- TAP certification
- Go to website
- Explore the Residence Halls
- Residence Hall payment and billing
- Go to website
Wasserman Center for Career Development
- Student employment and federal work-study jobs
- Go to website