Financial Aid

New York University believes that students should be able to choose the college that offers them the best range of educational opportunities. In order to make that choice possible, New York University attempts to aid students who are in need of financial assistance.

Financial aid is awarded in an effort to help students meet the difference between their own resources and the cost of education. All awards are subject to availability of funds and the student’s demonstrated need. Renewal of assistance depends on annual reevaluation of a student’s need, the availability of funds, the successful completion of the previous year, and satisfactory progress toward completion of degree requirements. In addition, students must meet the published filing deadlines. Detailed information on financial aid is available on the Graduate Admissions website, steinhardt.nyu.edu/admissions/paying-your-education and on the NYU Office of Financial Aid website, www.nyu.edu/financial.aid.

Many awards are granted purely on the basis of scholastic merit. Others are based on financial need. However, it is frequently possible to receive a combination of awards based on both. Thus, scholarships or fellowships may be granted by themselves or in conjunction with student loans or Federal Work-Study employment. To ensure that maximum sources of available support will be investigated, students must apply for financial aid by the appropriate deadline.

A student who has received a financial aid award must inform the NYU Office of Financial Aid or the Office of Graduate Admissions if they subsequently decide to decline all or part of that award. To neglect to do so may prevent use of the award by another student. If a student has not claimed his or her award (has not enrolled) by the close of regular (not late) registration and has not obtained written permission from the Office of Financial Aid and the Office of Graduate Admissions for an extension, the award will be canceled, and the student may become ineligible to receive scholarship or fellowship aid in the future.

Determination of financial need is also based on the number of credits for which the student indicates they intend to register. A change in registration therefore may necessitate an adjustment in financial aid.

How to Apply

Students must submit the Free Application for Federal Student Aid (FAFSA), and later, New York State residents must also complete the New York State Tuition Assistance Program (TAP) application. (The TAP application is available online. See www.nyu.edu/financial.aid/tap.html.)

The FAFSA (available online at https://studentaid.gov/h/apply-for-aid/fafsa) is the basic form for all student aid programs; be sure to complete all sections. Students should give permission on the FAFSA for application data to be sent directly to New York University. (NYU’s federal code number is 002785.)

Students requiring summer financial aid are required to submit two FAFSAs, one from the prior academic year and one for the upcoming academic year.

Eligibility

To be considered for financial aid, students must be officially admitted to NYU or matriculated in a degree program and 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 to full-time students. Half-time students (at least 6 units per semester) may be eligible for a federal Stafford Student Loan or a federal PLUS Loan, but they must also maintain satisfactory academic progress.

Citizenship

In order to be eligible for federal aid from NYU, students must be classified either as US citizens or as eligible noncitizens. Students are considered to be eligible for financial aid if they meet the criteria listed on NYU’s Financial Aid website at www.nyu.edu/financial.aid.

Renewal Eligibility

Financial aid awards are not automatically renewed each year. Continuing students must submit a FAFSA each year by the NYU deadline, continue to demonstrate financial need, make satisfactory progress toward degree requirements, and be in good academic standing.

Withdrawal

Students should follow the official academic withdrawal policy described in this bulletin. Those receiving federal aid who withdraw completely may be billed for remaining balances resulting from the mandatory return of funds to the US government. The amount of federal aid “earned” up to that unit is determined by the withdrawal date and a calculation based on the federally prescribed formula. Generally, federal assistance is earned on a pro rata basis.

University-Sponsored and Administered Programs

Through the generosity of its alumni and other concerned citizens, as well as from funds supplied by the federal government, the University is able to provide an extensive financial aid program for its students. Awards are competitive and based on academic achievement, test scores, and, in most cases, financial need.

Scholarships and Grants

Scholarships and grants awarded by the school generally range from $500 to full tuition.

Part-Time Employment

Most financial aid award packages include work-study. This means that students are eligible to participate in the Federal Work-Study Program and may earn up to the amount recommended in their award package. Work-study wages are paid directly to the student on a biweekly basis and are normally used for books, transportation, and personal expenses.

It is not necessary to be awarded work-study earnings in order to use the services of the Wasserman Center for Career Development and its extensive listings of on-campus and off-campus jobs. Students may use the center as soon as they have paid their tuition deposit and may also wish to use the center as a resource for summer employment.

As one of the largest urban areas in the world, New York City offers a wide variety of opportunities for part-time work. Many students work in order to gain experience in a field that they wish to enter after graduation and to help meet educational expenses. Many employers list positions with the Wasserman Center. The Wasserman Center for Career Development is located at 133 East 13th Street, 2nd Floor; 212-998-4730.

NYU Steinhardt School-Sponsored Programs

Application deadlines, criteria, award amounts, and other detailed information for school-based scholarships and fellowships may be found on the Graduate Admissions website at steinhardt.nyu.edu/admissions/paying-your-education.

Scholarships

There are a number of scholarships available to both master’s and doctoral students and for full-time and part-time study. Scholarships typically provide partial tuition support, and decisions are based on merit and need. School-based scholarships include the following:

Full-Time Study

  • 21st Century Scholarships
  • Steinhardt Graduate Study Scholarships
  • Deans Opportunity Scholarships
  • Peace Corps Returnee Scholarships
  • AmeriCorps Scholarship
  • Teach for America Scholarship
  • Historically Black Colleges and Universities (HBCU), Hispanic Serving Institutions (HSI), and Tribal Colleges Scholarship
  • Health Professions Opportunity Scholarships
  • Diversabilities Scholarship
  • First Generation Scholarship
  • LGBTQ+ Diversity Scholarship
  • City Year Scholarship
  • Teach for America Alumni Scholarship
  • Urban Educators Impact Scholarship
  • Dorothy Height Impact and Inclusion Award
  • NYC Community Impact Scholarship

Part-Time Study

  • Centennial Scholarships
  • Mayor’s Graduate Scholarship Program

Internship in Higher Education and Student Affairs

the MA Program in Higher Education and Student Affairs offers paid internships in a variety of student personnel positions at NYU and at area colleges. Interns enroll in three courses per term and work 20 hours per week for compensation, which includes various contributions of stipend, tuition, and room and board. Internship candidates must be applicants to or current students in the MA Program in Higher Education and Student Affairs. For information, contact:

the MA Program in Higher Education and Student Affairs
Steinhardt School of Culture, Education, and Human Development
New York University, Pless Hall, 7th Floor
82 Washington Square East
New York, NY 10003
212-998-5656.

The Juventud Española de Brooklyn Scholarship

This scholarship was established to provide financial assistance to matriculated students who intend to earn a degree that will enable them to teach Hispanic culture and/or language. Individuals interested in applying for this scholarship should forward a letter of interest, an official transcript of previous college work, and two letters of recommendation to:

Office of the Associate Dean for Student Affairs
Steinhardt School of Culture, Education, and Human Development
New York University
Pless Hall, 2nd Floor
82 Washington Square East
New York, NY 10003

The letter of interest should show evidence of the seriousness of purpose the applicant has to teach Hispanic culture and language.

University Fellowships and Assistantships

Resident Assistantships

Resident assistants are student paraprofessional staff members living on individual floors and assigned areas in each resident hall. Resident assistants are the first resource for residents concerning roommate relations; programming information; referrals to other offices or staff; or general information about the University, the city, or the neighborhood. Resident assistants are carefully selected and trained to provide support and assistance. The application and selection process for this highly selective leadership position begins late in the fall term. Students interested in becoming resident assistants should contact:

Office of Residential Life and Housing Services
New York University
726 Broadway, 7th Floor
New York, NY 10003
212-998-4600

or www.nyu.edu/students/student-information-and-resources/housing-and-dining/on-campus-living/staff.html.

NYU’s America Reads/Counts

NYU’s program is the largest in the nation. This is an excellent opportunity for graduate students to earn money while working in a rewarding job. Under the supervision of classroom teachers, NYU students work to help school children acquire literacy and/or math skills. Tutors need not be enrolled in a teacher preparation program or have prior tutoring experience, but they must be able to make a minimum weekly commitment of six hours in blocks of no less than two hours during the school day (8:30 a.m. to 3:00 p.m.). Tutors must have a Federal Work-Study Program allotment determined on the basis of the FAFSA. For more information, please visit www.nyu.edu/students/getting-involved/leadership-and-service/volunteer-service/america-reads-america-counts.html.

Funding Program for Full-Time NYU Steinhardt PhD Students

Full-time NYU Steinhardt PhD students without alternate funding sources are eligible for a generous funding package that includes a scholarship and tuition remission.

The Steinhardt Fellows Program

The basic, full-time PhD funding package includes an annual stipend, tuition remission for required coursework, and student health insurance through the fourth year. Complete details are provided with each offer of admission.

Research Assistantships

Some doctoral students may be appointed to a Research Assistantship. Research Assistants are funded by external grants and work with a principal investigator on a funded research project. Unlike Steinhardt Fellows, Research Assistants agree to work 20 hours per week on an ongoing research project, typically with a team of faculty and other students. For the duration of the assistantship, Research Assistants receive funding that includes tuition remission for required course work, student health insurance, and a stipend. Research Assistants may not perform additional work assignments such as teaching or grading.

Other Sources of Aid

State Grants and Fellowships

New York State and other states offer a variety of grants. Although each application is made directly to the state and grants are awarded by the state, the amount each student is expected to receive is estimated and taken into account by the University when drawing up the student’s financial aid package. Applications for state scholarship aid should be filed at least two months before bills are due or by the deadline the state specifies, whichever is earlier.

New York State Tuition Assistance Program

Legal residents of the state of New York who are enrolled in a full-time degree program of at least 12 units a term, or the equivalent, may be eligible for awards under this program. The award varies depending on income and tuition cost. For more information visit https://www.tap.hesc.ny.gov/totw/.

States Other Than New York

Some students from outside New York State may qualify for funds from their own state scholarship programs that can be used at New York University. Contact your state financial aid agency (call 800-433-3243 to get the applicable telephone number and address for your state) to ask about program requirements and application procedures. When you receive an eligibility notice from your state program, submit it to the New York University Office of Financial Aid in advance of registration.

Scholarships and Grants From Other Organizations

In addition to the sources of gift aid described above, students may also be eligible for private scholarships or grants from an outside agencies or organizations. Some sources to explore are employers, unions, professional organizations, and community and special interest groups. NYU students also have access to use a new free scholarship search tool called Scholly at https://app.myscholly.com/NYU.

Veterans Benefits

Various programs provide educational benefits for spouses, sons, and daughters of deceased or permanently disabled veterans as well as for veterans and in-service personnel who served on active duty in the United States Armed Forces after January 1, 1955. In these programs the amount of benefits varies. Applications and further information may be obtained from the student’s regional office of the Department of Veterans Affairs or by visiting www.va.gov. Additional guidance may be obtained at nyu.edu/students/student-information-and-resources/registration-records-and-graduation/veteran-benefits.html.

Federal Loans

Federal loans are secured and disbursed to the student in cooperation with the US Department of Education. Your award package may include information about a “suggested loan.” This means that you are eligible for the type and amount of loan specified, based upon the information the University has about you at the time the award is offered. It does not mean you will automatically receive the loan, but rather informs you of your current eligibility and how to apply. The suggested loan amount in your award package is the maximum you are eligible for and is the amount that NYU has certified for you.

Federal Direct Loans are offered to students and parents to help pay for the cost of a student’s education after high school. The lender is the US Department of Education. Direct Loans include the Subsidized, Unsubsidized, Parent PLUS, and Graduate PLUS Loans. To be eligible, the student must file the Free Application for Federal Student Aid (FAFSA) and meet other eligibility criteria.

Federal Direct Unsubsidized Loan

Graduate students will be eligible only for unsubsidized loans. Unsubsidized means that the federal government does not pay the interest while the student is in school; instead, the interest is accrued and added to the principal of the loan upon payment. For details see www.nyu.edu/admissions/financial-aid-and-scholarships/federal-direct-loans.html.

Federal Direct PLUS Loan

This loan is available to qualifying graduate and professional students. Direct PLUS loans help pay for education expenses up to the cost of attendance minus all other financial aid received. The US Department of Education will evaluate the borrower’s credit history to determine if they are eligible to use this loan. Interest is accruing and charged annually for this loan. If the borrower has an adverse credit history, they may be denied this loan. Borrowers may contact the Department of Education at 800-848-0979 for additional information.

Private Loans

NYU students should apply for all eligible financial assistance available before considering a private, alternative loan. Private loan interest rates, terms, conditions and eligibility requirements will vary, and the borrower (and co-borrower, if applicable) should first compare a variety of private student loans offered by banks and other education loan providers and apply only for the alternative loan that best suits their needs.

Please think carefully about your obligations as a borrower before pursuing any educational loan. Consider your educational investment at NYU, as well as your long-term financial commitments when borrowing.

Private (nonfederal) Alternative Loan Programs

This kind of loan may be a financing option for students and families who are not eligible for federal aid or who need additional funding beyond the maximum amounts offered by federal loans. For more information on private alternative loans visit our website www.nyu.edu/financial.aid/private-loans.php.

Student Employment

New York University provides a wide range of employment opportunities for students, and all are encouraged to take advantage of the placement services (including summer jobs) offered by the Wasserman Center for Career Development. Students may use the center immediately upon payment of their tuition deposit.

Federal Work-Study

Financial aid award packages may include work-study, depending on need. A student who is eligible to participate in the Federal Work-Study Program may earn up to the amount recommended in the package. Federal Work-Study jobs, averaging from 15 to 20 hours per week, are secured through the Wasserman Center for Career Development, located at 133 East 13th Street. Positions in various on-campus departments and organizations are available (though not guaranteed). Work-study is not deducted from a student’s Bursar bill. Work-study wages are paid directly to the student on a biweekly basis and are normally used for books, transportation, and personal expenses.

Employee Education Plans

Many companies pay all or part of the tuition of their employees under tuition refund plans. Employed students attending the University should ask their personnel officers or training directors about the existence of a company tuition plan. Students who receive tuition reimbursement and NYU employees who receive tuition remission from NYU must notify the Office of Financial Aid if they receive this benefit.