Tuition, Fees, and Financial Aid
When estimating the net cost to the family of a university education, a student should consider two factors: (1) the total cost of tuition, fees, and materials related to a particular program, plus costs directly related to the choice of living style (residence hall, apartment, commuting costs), and (2) financial aid that may be available from a variety of sources. This section provides information on both of these distinct but related topics.
TUITION AND FEES: 2020-2021
Following is the schedule of fees established by the Board of Trustees of New York University for the year 2020-2021. The Board of Trustees reserves the right to alter this schedule without notice. Tuition, fees, and expenses may be expected to increase in subsequent years and will be listed in online updates to this Bulletin. Students should also consult www.nyu.edu/bursar for this updated information.
Note that the registration and services fee covers membership, dues, etc., to the student's class organization and entitles the student to membership in such University activities as are supported by this allocation and to receive regularly those University and College publications that are supported in whole or in part by the student activities fund. It also includes the University's health services, emergency and accident coverage, and technology fees.
Note: Deposits may be required for laboratory courses. Students should consult the respective departments for information.
All fees are payable at the time of registration. The Office of the Bursar is located at 383 Lafayette Street, 1st Floor. Checks and drafts are to be drawn to the order of New York University for the exact amount of the tuition and fees required. In the case of an overpayment, the credit is issued by requesting a refund through the Office of the Bursar.
A fee will be charged if payment is not made by the due date indicated on the student's statement.
The unpaid balance of a student's account is also subject to an interest charge of 12 percent per annum from the first day of class until payment is received.
Holders of New York State Tuition Assistance Program (TAP) awards will be allowed credit toward their tuition fees in the amount of their entitlement, provided they are New York State residents and are enrolled on a full-time basis.
Students who receive TAP awards after registration and have a credit balance on their account will receive a refund from the University after the New York State payment has been received by the Office of the Bursar and the Office of the Registrar has confirmed eligibility.
Full-Time Students
Tuition, 12 to 18 points flat rate, fall 2020 term (spring 2021 term to be announced): $26,102
Nonreturnable registration and services fee for flat rate, per term: $1,338
For each point taken in excess of 18, per point, per term (not including a nonreturnable registration and services fee of $71 per point): $1,537
Non Full-Time Students
Tuition, per point (up to 11 points), fall 2020 term (spring 2021 term to be announced): $1,537
Nonreturnable registration and services fee, first point: $507
Nonreturnable registration and services fee, per point, for registration after first point: $71
Basic Health Insurance Benefit Plan: 2020-2021
For additional and updated information beyond 2020-2021, please see http://www.nyu.edu/life/safety-health-wellness/student-health-center/insurance-patient-accounts.html.
CAS students enrolled in 9 or more points are automatically enrolled; all others can select among these options:
Annual: $3,645
Fall term: $1,408
Spring term: $2,237 (coverage for the spring and summer terms)
Summer term: $989 (only for students who did not register in the preceding term)
Students automatically enrolled in the basic plan or the comprehensive plan can change between plans or waive the plan entirely (by showing proof of other acceptable health insurance); for details, please see http://www.nyu.edu/life/safety-health-wellness/student-health-center/insurance-patient-accounts.html.
Comprehensive Health Insurance Benefit Plan: 2020-2021
For additional and updated information beyond 2020-2021, please see http://www.nyu.edu/life/safety-health-wellness/student-health-center/insurance-patient-accounts.html.
International students are automatically enrolled; all others can select among these options:
Annual: $4,053
Fall term: $1,566
Spring term: $2,487 (coverage for the spring and summer terms)
Summer term: $1,099 (only for students who did not register in the preceding term)
Students automatically enrolled in the basic plan or the comprehensive plan can change between plans or waive the plan entirely (by showing proof of other acceptable health insurance); for details, please see http://www.nyu.edu/life/safety-health-wellness/student-health-center/insurance-patient-accounts.html.
Stu-Dent Plan: 2020-2021
For additional and updated information beyond 2020-2021, please see www.nyu.edu/dental/patientinfo/nyustu-dent.html.
Dental service through NYU's College of Dentistry:
Primary member: $250
Partner: $250
Dependent (under age 16): $90
Renewal membership: $205
Special Fees for All Students: 2020-2021
For additional and updated information beyond 2020-2021, students may consult the websites of (or contact) the Offices of the Registrar, Bursar, Residence Life, and Admissions.
Deposit upon acceptance (nonreturnable): $500
Housing deposit (if applicable) upon acceptance (nonreturnable): $1,000
Late Registration Fee:
Fall 2020 term:
Initial registration on or after September 11, 2020: $50
Initial registration on or after September 30, 2020 $100
Spring 2021 term:
Initial registration on or after February 3, 2021: $50
Initial registration on or after February 22, 2021: $100
Maintenance of Matriculation: 2020-2021
For additional and updated information beyond 2020-2021, please see www.nyu.edu/bursar.
Fall term: $507, plus a nonreturnable registration and services fee of $507. The total of both fees to maintain matriculation is $1,014.
Spring term: $507, plus a nonreturnable registration and services fee of $507. The total of both fees to maintain matriculation is $1,014.
Special Programs
For expenses for study in NYU study away and in NYU international exchange programs, contact the NYU Office of Global Programs, 383 Lafayette Street, 4th floor, New York, NY 10003-4170; 212-998-4433. Also see www.nyu.edu/academics/studying-abroad.html.
Deferred Payment Plan
The deferred payment plan allows students to pay 50 percent of their net balance due for the current term on the payment due date and defer the remaining 50 percent until later in the semester. This plan is available to students who meet the following eligibility requirements:
- Enrolled in courses and/or on-campus housing
- Without a previously unsatisfactory University credit record
- Not in arrears (past due) for any University charge or loan
The plan includes a nonrefundable enrollment fee of $50, which is to be included with the initial payment on the payment due date.
Interest at a rate of 1 percent per month on the unpaid balance will be assessed if payment is not made in full by the final installment due date. A late payment fee of $25 will be assessed on any late payments.
Enrollment in the deferred payment plan is required for each semester the plan is used. Information on the deferred payment plan is available at www.nyu.edu/bursar/payments.
For additional information, please visit the website of the Office of the Bursar or call 212-998-2806.
Tuition Management Systems
New York University offers a 4-month, semester-based payment plan in partnership with Tuition Management Systems (TMS). This allows for all or a portion of college costs to be spread out over 4 months without interest. There is a flat enrollment fee for setting up the plan each semester.
Fall semester plan due dates begin August 1 to November 1.
Spring semester plan due dates begin January 1 to April 1.
There is an enrollment fee of $50 per semester, due upon enrollment.
Online enrollment is simple and easy at nyu.afford.com. You may also contact Tuition Management Systems directly at 800-722-4867 (Monday through Friday, 8:00 a.m. to 10:00 p.m. ET)
Arrears Policy
The University reserves the right to deny registration and withhold all information regarding the record of any student who is in arrears in the payment of tuition, fees, loans, or other charges (including charges for housing, dining, or other activities or services) for as long as any arrears remain.
Diploma Arrears Policy
Diplomas of students in arrears will be held until their financial obligations to the University are fulfilled and they have been cleared by the Bursar. Graduates with a diploma hold may contact the Office of the Bursar at 212-998-2806 to clear arrears or to discuss their financial status at the University.
WITHDRAWAL AND REFUND OF TUITION
A student who, for any reason, finds it impossible to complete one or more courses for which he or she has registered should consult with an academic adviser. An official withdrawal must be filed either on Albert (through the first two weeks of the term only) or in writing on a completed change of program (drop/add) form with the Office of the University Registrar. (Note: an official withdrawal must be filed if a course has been canceled, and, in this case, the student is entitled to a refund of tuition and registration fees paid.) Withdrawal does not necessarily entitle the student to a refund of tuition paid or a cancellation of tuition still due. A refund of tuition will be made provided such withdrawal is filed within the scheduled refund period for the term. (See the following schedules.)
Merely ceasing to attend a class does not constitute official withdrawal, nor does notification to the instructor. A stop payment of a check presented for tuition does not constitute withdrawal, nor does it reduce the indebtedness to the University. The nonreturnable registration fee and a penalty fee of $20 for a stopped payment must be charged in addition to any tuition not canceled.
The date on which the change of program form is filed, not the last date of attendance in class, is considered the official date of the student's withdrawal. It is this date that serves as the basis for computing any refund granted the student. The processing of refunds takes approximately two weeks. There are two distinct refund schedules (see below):
- For students withdrawing from some courses, but not all; and
- for students withdrawing from all courses.
Undergraduate Refund Schedule, Withdrawing from Some Courses (Fall and Spring Only)
Courses dropped during the first two weeks of the term: 100% of tuition and fees*
Courses dropped after the first two weeks of the term: NONE
The above refund schedule is not applicable to students whose registration remains within the flat-fee range of 12 to 18 points per term.
* Note: All fees (including school-related fees) are nonreturnable after the second calendar week of the semester.
Undergraduate Refund Schedule, Withdrawing from All Courses (Fall and Spring Only)
This schedule is based on the total applicable charge for tuition, excluding nonreturnable fees and deposits.
Withdrawal on or before the official opening date of the term: 100% of tuition and fees†
Withdrawal on the second day after the official opening date of the term through the end of the first calendar week: 100% of tuition only
Note: The first calendar week consists of the first seven (7) calendar days beginning with the official opening date of the term (not the first day of the class meeting).
Withdrawal within the second calendar week of the term: 70% (tuition only)
Withdrawal within the third calendar week of the term: 55% (tuition only)
Withdrawal within the fourth calendar week of the term: 25% (tuition only)
Withdrawal after completion of the fourth calendar week of the term: NONE
† Note: All fees (including school-related fees) are nonreturnable after the official first day of the semester.
Note: A student may not withdraw from a class after the ninth week of the fall or spring semester or in the last two weeks of each six-week summer session.
Exceptions to the published refund schedule may be appealed in writing to the refund committee in the College Advising Center (Silver Center, Room 905; 212-998-8130) and should be supported by appropriate documentation regarding the circumstances that warrant consideration of an exception. Exceptions are rarely granted. Students who withdraw should review the "refunds" page on the Office of the Bursar's website.
Federal regulations require adjustments reducing financial aid if a student withdraws even after the NYU refund period. Financial aid amounts will be adjusted for students who withdraw through the ninth week of the semester and have received any federal grants or loans. This adjustment may result in the student's bill not being fully paid. NYU will bill the student for this difference. The student will be responsible for payment of this bill before returning to NYU and will remain responsible for payment even if he or she does not return to NYU.
For any semester a student receives any aid, that semester will be counted in the satisfactory academic progress standard. This may require the student to make up credits before receiving any further aid. Please review the satisfactory academic progress standard on the Office of Financial Aid website, so as not to jeopardize future semesters of aid.
Tuition Insurance
Tuition Refund Insurance provides families an option to protect their hard-earned tuition dollars. This coverage complements New York University's Refund Policy, allowing students to receive up to 100% refund, up to the policy limits, throughout the term for a covered medical withdrawal.
Tuition Refund Insurance reduces the financial risk inherent in the investment in higher education by refunding lost tuition, academic fees and other related expenses, up to the policy limits, should a student be forced to withdraw for medical reasons.
We are pleased to offer Undergraduate students a Tuition Refund Insurance program. Refunds are paid by GradGuard to the University for credit to the student account. Outstanding loans, grants, scholarships, etc. would be paid before any remaining funds are refunded to the student.
Information and enrollment in the Tuition Refund Insurance Plan can be found at https://gradguard.com/tuition-insurance/partners.
FINANCIAL AID
New York University awards financial aid 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.
Visit Financial Aid and Scholarships at nyu.edu/financial.aid for full access to the information and procedures summarized here. Particular attention should be given to (1) types of financial aid (for scholarships, grants, loans), (2) how to apply, and (3) applications and forms. These topics are included on the navigation bar located on the home page.
Applying for Financial Aid at NYU
The following applications are the forms students must submit for any and all types of financial aid we award at NYU, including all need-based and merit-based scholarships:
- CSS Profile (all new first-year applicants regardless of citizenship status; applicants whose parents are separated, divorced, or unmarried and do not live together will need to have both parents submit their own separate CSS Profile applications)
- CSS Profile Waiver Request for the Noncustodial Parent (under certain circumstances, NYU will consider waiving the CSS Profile for the noncustodial parent if the information cannot be obtained)
- Undocumented Student Financial Aid Application (all new freshmen and transfer applicants who are undocumented, in addition to the submission of the CSS Profile)
The following applications are the forms students must submit for federal and state financial aid:
- Free Application for Federal Student Aid (FAFSA) [only new first-years and transfer applicants who are U.S. citizens, permanent residents, or eligible non-citizens (i.e. refugees, etc.)]
- New York State Tuition Assistance Program (TAP) (only new first-year and transfer applicants who are New York State residents, including undocumented students)
NOTE: Applicants must file all their relevant applications by the deadlines to be considered for NYU scholarships and grants. All students will be reviewed for federal financial aid as long as they have a FAFSA on file, are taking a minimum of six credits, and are otherwise eligible.
Refer to the “how to apply” area of the website for details specific to students applying for admission to NYU’s Washington Square campus, NYU Abu Dhabi, and NYU Shanghai.
Undergraduate students seeking financial aid for summer courses may be considered for a summer scholarship. For up-to-date information on summer scholarship, please refer to the “how to apply” section of the website and select “summer financial aid.” All students will be reviewed for federal financial aid as long as they have a FAFSA on file, are taking a minimum of six credits during the summer term, and are otherwise eligible.
Deadlines
For First-Year Applicants:
Early Decision I:
- CSS Profile - November 15
- Noncustodial Parent CSS Profile or CSS Profile Waiver Request for the Noncustodial Parent - November 20
- FAFSA –Recommended filing date of November 15
Early Decision II:
- CSS Profile - January 15
- Noncustodial Parent CSS Profile or CSS Profile Waiver Request for the Noncustodial Parent – January 20
- FAFSA –Recommended filing date of January 15
Regular Decision:
- CSS Profile - February 20
- Noncustodial Parent CSS Profile or CSS Profile Waiver Request for the Noncustodial Parent – February 20
- FAFSA – February 20
For Transfer Applicants:
Fall/Summer Admission:
- FAFSA - April 1 (to receive a final financial aid award in May/June)
Spring Admission:
- FAFSA - November 15 (to receive a final financial aid award in December)
Eligibility for Financial Aid
To be considered for financial aid, students must be officially admitted to NYU or matriculated in a degree program. Federal financial aid requires students to be making satisfactory academic progress toward degree requirements. Most NYU undergraduate scholarships are automatically renewed each year as long as the student is enrolled full-time. To renew federal financial aid, students who are U.S. citizens, permanent residents, or eligible non-citizens must submit the FAFSA each year. Finally, students must be in an approved program of study registered with the State of New York.
Withdrawal
Students receiving federal student 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.
SCHOLARSHIPS AND GRANTS
Eligibility for merit-based and/or need-based scholarships at NYU is determined upon entrance to the University based on prior academic strengths and, if applying for financial aid, a student’s demonstrated financial need. Most undergraduate scholarships at NYU are based on a combination of need and merit and require that students file their financial aid applications on time for consideration.
University-Sponsored and University-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 are based on a combination of academic achievement, applicable test scores, and, in most cases, financial need. No separate application is necessary.
Federal Scholarships and Grants
Eligibility is based on submission of the FAFSA, and no separate application is necessary.
State Grants
New York State offers a wide variety of grants and scholarships to residents, subject to the annual availability of funds. Application is made directly to the state, and grants are awarded by the state. New York State programs are listed at hesc.ny.gov.
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 obtain contact information) to ask about program requirements and application procedures. When you receive an eligibility notice from your state program, you should submit it immediately to the NYU Office of Financial Aid.
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 individual state financial aid agencies to ask about program requirements and application procedures (call 800-433-3243 to get the phone number and address, or search online at studentaidhelp.ed.gov). Upon receiving an eligibility notice from a state program, submit it immediately to the NYU Office of Financial Aid.
Scholarships and Grants from Other Organizations
Students may be eligible for a private scholarship or grant from an outside agency. Some sources to explore are employers, unions, professional organizations, and community and special interest groups. A number of extensive scholarship search resources are available for free online, and several are featured at nyu.edu/financial.aid. Students must notify the Office of Financial Aid if they receive funds from any of these sources. Financial aid must not exceed a student’s estimated cost of attendance, including outside scholarships and grants.
OTHER SOURCES OF AID
Federal and Private Loans
For information about federal loans and private (non-federal) alternative loans please consult nyu.edu/financial.aid.
Student Employment
Wasserman Center for Career Development
133 East 13th Street, 2nd Floor
212-998-4730
www.nyu.edu/careerdevelopment
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.
Resident Assistantships
Resident assistants reside in the residence halls and are responsible for organizing, implementing, and evaluating social and educational activities. Compensation is room and/or board, and/or a stipend. Applications and further information may be obtained from http://www.nyu.edu/life/living-at-nyu.html.
Tuition Remission
Beginning with the incoming class of fall 2018, undergraduate dependents of NYU employees with tuition remission may be eligible for scholarship above and beyond their tuition remission benefit if they would have been eligible for an amount greater than the tuition remission under the traditional scholarship review process. In order to be considered for his additional amount, students have to file the CSS Profile and FAFSA on time and have financial need based on the CSS Profile. Details about tuition remission eligibility information can be obtained at www.nyu.edu/employees/benefit.html.
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 that they receive this benefit.
Optional Payment Plans
Payment plans can help manage educational expenses. Options are described at nyu.edu/bursar/payment.info/plans.
STUDENT FINANCIAL AID RESPONSIBILITIES
- Consult www.nyu.edu/financial.aid for all financial aid application deadlines. Failure to meet the NYU deadline may result in a reduction of your aid eligibility.
- Use NYU Albert to accept your financial aid awards.
- If you submit documents to the Office of Financial Aid, please put your University I.D. number on each page and keep a copy for yourself. Do not submit originals.
- Be certain that you understand the conditions of the awards you accept. Contact the Office of Financial Aid if you have any questions.
- You must adhere to satisfactory academic progress standards to remain eligible for federal financial aid. It is the student's responsibility to know and heed the requirements.
- You must notify the Office of Financial Aid immediately if you receive an award or financial aid from any additional source. A change in your resources may affect your eligibility for student aid.
- You must respond immediately to all requests from the Office of Financial Aid. Failure to comply may result in the cancellation of your aid.
- Consult with the Office of Financial Aid immediately if you reduce your academic program to fewer points, or if you are enrolled full-time (at least 12 units) but intend to begin part-time (less than 12 units). Also contact the Office of Financial Aid if there is a change in your housing status. A change in enrollment or housing status may affect the financial aid you receive.
- Be sure to notify the Office of the University Registrar if you move by updating your contact information via NYU Albert. We use the records of the Office of the University Registrar to administer financial aid.