As a counselor, you already know that education is an investment. But did you know that on average, recent NYU alumni earn roughly $61,000 upon graduation? According to Payscale.com, that puts NYU in the top 15 percent of universities giving students the best return on their educational investment.
While NYU does not guarantee we will meet the full demonstrated need of every admitted student, our recent move to a more need-based awarding model for scholarships has helped to make NYU a reality for more and more students. The average scholarship award for our first year students is now approximately $30,000. And though our scholarship awarding process is competitive, more opportunities do exist to make NYU affordable than ever before.
Below are some tips to help you and your students better understand our scholarship review process.
How does NYU award scholarships?
NYU’s most prestigious scholarship programs consider a family’s demonstrated need in addition to a variety of academic and non-academic factors, including extracurricular impact, commitment to service, special talents, demonstrated leadership or compelling personal journey. Many of these awards are awarded to students who will be the first in their families to attend college, who come from traditionally underrepresented communities or students who come from lower socio-economic backgrounds. There are no GPA or standardized testing cutoffs that will prohibit or guarantee a scholarship.
Within the Office of Undergraduate Admissions, our scholarship selection committee reviews student applications for many of our most prestigious scholarships, using the Common Application and supporting materials including transcripts and letters of recommendation. The Office of Financial Aid then reviews the selected scholars to determine their financial need. Selected students are awarded scholarships based on this need and merit evaluation process.
The majority of scholarships at NYU, however, are awarded utilizing a model where financial need is obtained from the CSS/Financial Aid PROFILE and, if applicable (for U.S. Citizens, permanent residents, and eligible non-citizens), the FAFSA. A student's financial need and merit are considered before a financial aid package is determined.
Students are considered for scholarships regardless of citizenship and we do offer scholarships to international students, though international student scholarships for our New York campus are more competitive.
Does NYU Require a Separate Application to be considered for scholarships?
No. Instead, we use the Common Application to determine scholarship eligibility.
Encourage your students to make their Common Application to make their case for scholarship assistance. Be sure that it is reflective of who they are inside the classroom and out. Encourage your students to fully explain their extracurricular involvement. Encourage them to share any projects or initiatives that they lead or developed or that were especially impactful to them.
Do students need to submit the FAFSA or CSS Profile to be eligible for scholarships?
To be eligible for all scholarships at NYU, students are required to complete all required financial aid forms by the deadlines. At the very least, this means completing a CSS/Financial Aid PROFILE regardless of citizenship. This means international students who want to be considered for scholarships bus complete the CSS/Financial Aid PROFILE. Additionally, U.S. citizens, permanent residents, and eligible non-citizens must complete the FAFSA to be eligible.
Missing our deadlines by even a day (or an hour!), can impact consideration for many of scholarships at NYU. Encourage your students to give themselves (and their parents) plenty of time to complete the CSS Profile and the FAFSA. FAFSA’s new Prior-Prior Year initiative will help families complete the FAFSA even if a family hasn’t filed last year’s taxes, which is often a reason students cite for late filing (or not filing at all) and missing out on financial support needed to attend college.
What kind of scholarships does NYU offer?
You can review information about our scholarships on our Undergraduate Admissions website.
A number of new scholarships are created at NYU each year. For example, the Stern School of Business awards several scholarships to first-year students. Students who attend high school in New York City and surrounding areas, will be the first in their families to attend college who demonstrate financial need or who come from underrepresented communities are eligible for many of these awards. Women wishing to pursue business and students interested in combining business study with the humanities and liberal arts are also considered for many of these awards. More scholarships are being added each year, but our requirements (the Common Application, the CSS/Financial Aid PROFILE, and FAFSA) remain the same.
Who do I contact if I need more information?
For more information about scholarships at NYU, please contact Jimmy Suarez, Senior Assistant Director for Diversity Initiatives at email@example.com.