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 Stafford Loan or a Federal 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.

RENEWAL ELIGIBILITY

Financial aid awards are not automatically renewed each year. Students must submit a FAFSA each year to renew their eligibility, continue to demonstrate financial need, make satisfactory progress toward degree requirements, and be in good academic standing. Also, if you submitted a FAFSA for the current academic year and received an NYU scholarship, you should submit the FAFSA again each year to ensure normal processing.

WITHDRAWAL

Students should refer to the official academic withdrawal policy described in their school bulletin, and then use the 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 upon the federally prescribed formula. Generally, federal assistance is earned on a pro-rata basis.

Also learn more about:

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>		NYU Employees
>		Refund Policy and Tuition Insurance Refund Plan