What to Expect if You Are Admitted as a New Undergraduate
Your Financial Aid Offer
When you are officially admitted to New York University, we will send information about your financial aid package to you through your Admitted Student Portal. It will describe the types and amounts of aid offered to you for the school year and is based on the anticipation that you will be enrolled full-time (12 credits or more) during the fall and spring terms.
If you applied for financial aid by the NYU financial aid application deadline, your financial aid package could include NYU scholarship. If you are admitted to our New York or Shanghai campus and filed a FAFSA, it may also include federal grants, loans, and work-study.
Generally, the amount of NYU scholarship aid you receive in your first year is the amount you will receive in following years, as long as you remain eligible for aid. Each year, tuition increases slightly and your NYU scholarship may be adjusted proportionally.
Maintaining satisfactory academic progress is part of staying eligible for U.S. federal aid, and in some cases, NYU scholarships.
Global Pathways Scholarship
If you are admitted to our New York campus and have been offered the Global Pathways Scholarship to study away during your first year, that scholarship is contingent on studying away and is not renewable in future terms. If you choose not to study away, the Global Pathways Scholarship will be canceled.
Cost of Attendance
While the amount you’ll pay for your education will vary on a year-to-year basis, due to factors like official tuition and fees, you can get a sense of what to expect with our cost of attendance estimates.
Next Steps To Accept Your Aid
Once you have reviewed your financial aid package in your Admitted Student Portal, you will be able to take action to accept any financial aid that you would like to utilize.
Next Steps To Accept Your Aid
- Log in to NYU Albert using your Net ID and NYU password.
- Make sure that the ‘Applicant’ tab is selected at the top of the portal.
- On the left side of the page, click ‘Financial Aid’ to view your financial aid package and then select ‘Accept/Decline Aid’ in the top right corner of the Financial Aid page.
If you received a scholarship or grant, we assume that you will want these awards and have accepted them on your behalf.
If you have been offered a scholarship from an outside organization, please provide us with a copy of your scholarship offer letter as soon as possible (be sure to include your University ID on each page). Outside scholarships do not generally affect your eligibility for NYU scholarship, however, a student’s total financial aid, including outside scholarships, may not exceed their Estimated Cost of Attendance.
Outside scholarship checks should be mailed to:
New York University
Office of the Bursar
383 Lafayette Street, 1st Floor
New York, NY 10003
Please be sure your name and University ID (N#) are included with the payment.
U.S. Federal Financial Aid (New York and Shanghai)
If you have been offered U.S. federal financial aid based on the submission of a FAFSA, you may accept or decline any Federal Direct Subsidized Loan, Federal Direct Unsubsidized Loan, or Federal Work Study (New York campus only).
If you have been offered a Federal Direct PLUS Loan, you will be able to accept or decline it in late May for the 2023-2024 academic year. We will email a reminder once you are able to accept or decline PLUS Loans.
NOTE: The Federal Direct PLUS Loan is contingent on parent credit approval. Parent borrowers who may be concerned about eligibility may do a preliminary credit check to determine whether they could be approved by submitting a PLUS application for the previous year (2022-2023). Parents who pursue this early credit eligibility check will then need to initiate an official credit check in May for the 2023-2024 school year. We will send out reminders accordingly via your student NYU email address.
We encourage you to become knowledgeable about the responsibilities associated with any federal loans you pursue, including interest rates and repayment expectations. If you opt to utilize this type of funding, please only borrow as much as you need.
Additional Requirements for Securing U.S. Federal Financial Aid (New York and Shanghai)
We’ve put together a step by step list of requirements to secure any federal loans that you have accepted. You will need to complete things like a required entrance counseling session and a Master Promissory Note (MPN) if you are a student borrower. Parent borrowers have some additional requirements for the credit based Federal Direct PLUS Loan. If your parent is not able to obtain credit approval for a Federal Direct PLUS Loan, there are several options.
We recommend that you complete all the required steps in May to avoid any delays in your loan processing.
Federal Work Study (New York campus only)
If you have decided to accept Federal Work Study, you will need to be hired for a work study position to begin earning those funds at an hourly rate. Work study jobs are available, but not guaranteed.
NYU financial aid packages are awarded based on the assumption that the information that you have provided on the FAFSA is accurate. If your FAFSA is selected for federal verification, your federal financial aid will be reviewed and may be updated based on any changes to your application data. We will notify you if you are required to submit documentation for federal verification in June.
Paying Your Bill
We will apply all NYU scholarships and grants directly to your bill. If you have accepted a federal loan and have completed all the required steps, your loan(s) will be released to NYU to be applied to your bill. In order to avoid a delay in your financial aid being credited to your bill, please be sure to review your To Do List and Holds regularly on NYUAlbert.
If you need to defer enrollment at New York University, you may still be eligible to receive your financial aid package.
One Year Deferral
You can still expect to receive the New York University portion of your financial aid offer if you’ve been approved to defer enrollment for a year. However, if you are eligible for U.S. federal financial aid, you must fill out a new FAFSA for the upcoming academic year in order to secure any scholarship that was initially offered and to be reviewed for your current federal financial aid eligibility.
Two or More Years Deferred Enrollment
If you are approved to defer enrollment for a second or third year, you must reapply for all types of financial aid by February 20 for the upcoming academic year to be reviewed for both scholarship and, if applicable, U.S. federal aid eligibility. Your initial aid offer will no longer be available.
Renewing Your Aid Each Year
As a returning undergraduate, the CSS Profile is not required to renew scholarship aid for current students. You will continue to receive any NYU scholarships awarded to you during your first year as long as you are enrolled full-time (12 credits or more). If you are enrolled less than full-time, but taking between 6-11 credits, your scholarship will be prorated.
If you are eligible for U.S. federal financial aid, you must complete the FAFSA (NYU’s school code is 002785) each year to be reviewed for your current federal financial aid eligibility. We recommend all returning undergraduates file the FAFSA by May 1 for aid to be applied to the following academic year, though the FAFSA is available as early as October 1. Federal financial aid requires a minimum of half-time enrollment (6 credits or more).
Students in opportunity programs or special scholar groups may be required to file the FAFSA in order to renew their scholarship each year.
Global Pathways Scholarship
If you are admitted to a program that begins with a year of study at one of NYU’s study away locations, you may have been offered an NYU Global Pathways Scholarship as a part of your initial financial aid package. The Global Pathways Scholarship is specific to your study away term and is contingent on participating in an NYU study away program. It is not renewable in future terms.
Learn about renewing your aid:
Changes in Circumstances
If you have had a major change of circumstances since you completed your financial aid applications (i.e. parent job loss, death of a parent, etc), please speak with a financial aid counselor to discuss your situation.