New York University (NYU)  is providing this information as required by the Federal Student Aid - Emergency Relief Fund. NYU will update this information no later than 10 days after the end of each calendar quarter (September 30, December 31, March 31, June 30).

New York University acknowledges and confirms that we submitted the request for the CARES Act funds, received the approval for said funds, and have signed and returned the Recipient’s Funding Certification and Agreement for Emergency Financial Aid Grants to Students. NYU intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

NYU is committed to awarding CARES Act / Higher Education Emergency Relief Funds (HEERF) funding in accordance with guidance provided by the Department of Education.

  • Total CARES Act Federal funds allocated to NYU: $25,626,944
    • CARES Act (HEERF) Available for Awards to Students:  $12,813,472
    • CARES Act Institutional Funding (Disclosure):  $12,813,472
  • CARES Act funds disbursed to NYU Students [as COVID 19 Relief Grant] through October 9, 2020:
    • Awards to Students disbursed: $12,813,472 – all student funds have been distributed
    • Number of NYU Students Funded through CARES: 11,009
  • The estimated total number of NYU students eligible to participate in programs under Section 484 in the Title IV of the Higher Education Act of 1965, as amended (HEA), and therefore eligible to receive emergency grants under Section 18004(a)(1) of the CARES Act: 30,915 Students

Methodology and Grant Amounts

Application Process

NYU students were expected to complete a web based application to be considered for funding. The application was found on the NYU COVID-19 Emergency Relief Grant page (now discontinued).

The application provided an opportunity for students to:

  • Be informed of eligibility criteria
  • Indicate the COVID-19 related reason for request
  • Provide amount of request
  • Acknowledge that receipts or proof of the applicant’s situation may need to be validated and submitted upon request. Students are responsible for maintaining their documentation.
  • Confirm that, if awarded funding, students will use the funds to support their educational pursuit as requested

Eligibility Determination

Applications were reviewed by NYU’s financial aid counselors. CARES Act funding supports only students who are eligible to participate in programs under Section 484 in the Title IV of the Higher Education Act of 1965, as amended (HEA).

Aligning with CARES Act guidance, approvals were considered with emphasis on the financial impact of the coronavirus and due to the disruption of campus operations as it relates to the pandemic with consideration given to support requests for food, technology necessary to support remote learning, childcare, housing, and course materials.

In extenuating cases NYU’s financial aid administrators may have provided CARES Act funding (COVID-19 Relief Grant) to eligible students without the application requirement, provided all other eligibility criteria is met.

Awards are made directly to students - either via direct deposit or via check.

All students who applied but were deemed ineligible for CARES/HEERF funding, were considered for an NYU COVID-19 Relief Grant, which is awarded from an institutional funding source.

Emergency Relief Funds are not taxable income for the student.

Please direct any questions to Jason Crowe, Enrollment Management Director of Compliance at jason.crowe@nyu.edu