Tuition for January Term is based on the school offering the class. The average tuition for a 4-credit course is around $5,000 for undergraduate courses and $6,000 for graduate courses. Please refer to the Office of the Bursar website for the current January 2016 tuition costs per unit.
NYU New York undergraduates enrolling for January Term either in New York or at an NYU Study Away site will automatically be reviewed for additional scholarship eligibility. No application is needed. The review will be based upon financial need and the number of credits the student is enrolled for in January. The amount of scholarship awarded will be proportional to the amount of tuition the students' scholarship covered during an academic year semester. Students will be reviewed within a week after they register and will be notified via Albert accordingly. Students who do not have scholarship during the academic year are ineligible for January Term scholarship consideration.
Federal Direct Loans and Pell Grant are available for J-term enrollment. Credits for eligibility are based on the combined total of credits between the J-term and the Spring term. Students must be enrolled at least half time which is at least 6 credits or at least a half time equivalency. A student enrolling in J-term who will not enroll for spring semester must be enrolled at least half time in J-Term. If enrolling for both J-Term and Spring semester the combined enrollment of both terms must be at least half time.
Students will be reviewed for federal financial aid a long as they have a valid FAFSA on file, are enrolled for an appropriate amount of credits, and are otherwise eligible.
Students needing additional financial aid for January Term will be able to seek out alternative loans, as additional federal loans are not available. Students seeking alternative loans are encouraged to relay to their potential lender the number of credits they will be taking, as some have minimum enrollment criteria. Private loan eligibility cannot exceed the cost of attendance for January term minus any other aid students may receive for the term. NYU cannot recommend or endorse any particular private lender. Students are encouraged to research their options carefully.
Students who change January Term enrollment or who do not attend in January will have their January award adjusted or cancelled.
Generally, grants/scholarships are not available to NYU graduate students for the January Term, although graduate students should consult with their school's student services office or financial aid contact if they have questions.
NYU does not offer scholarship or grant funding for visiting students. If you are an NYU January Term visiting student, the following options may be available to you:
In addition, visiting non-NYU students who are receiving institutional scholarship or grant funds from their home school while attending January Term at NYU must notify New York University. Visiting non-NYU students will receive further information and instructions upon registration for January Term at NYU.
*IMPORTANT: You must apply for loans and negotiate consortium agreements on your own. The January Term Financial Aid Application is used ONLY to alert NYU's Office of Financial Aid that external funding will be arriving—submitting this form does not mean you will be considered for aid. Please be sure to initiate consortium agreements with your home school or apply directly to lenders for a private loan and allow 3-4 weeks for processing.