Tuition, Fees, and Financial Aid

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Withdrawal and Refund of Tuition

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: 2015-2016

Following is the schedule of fees established by the Board of Trustees of New York University for the year 2015-2016. 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 25 West Fourth Street. 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 overpayment, the bal­ance is refunded on request by filing a refund application in 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, are enrolled on a full-time basis, and present the award certificate with their schedule/bill for the applicable term.

Students who receive TAP awards after registration will receive a check 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, per term, academic year 2015-2016: $22,639

Fall 2015 term and spring 2016 term:
Nonreturnable registration and services fee for flat rate, per term: $1,236
Nonreturnable CAS academic support fee for flat rate, per term: $55
For each point taken in excess of 18, per point, per term (not including a nonre­turnable registration and services fee of $66 per point): $1,334

Other Students

Tuition, per point, academic year 2015-2016: $1,334

Fall 2015 term:
Nonreturnable registration and services fee, first point: $470
Nonreturnable registration and services fee, per point, for registration after first point: $66
Nonreturnable CAS academic support fee, per point (up to four points): $14

Spring 2016 term:
Nonreturnable registration and services fee, first point: $470
Nonreturnable registration and services fee,  per point, for registration after first point: $66
Nonreturnable CAS academic support fee, per point (up to four points): $14

Basic Health Insurance Benefit Plan: 2015-2016

For additional and updated information beyond 2015-2016, 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: $2,170
Fall term: $840
Spring term: $1,330 (coverage for the spring and summer terms)
Summer term: $589 (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: 2015-2016

For additional and updated information beyond 2015-2016, 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: $3,353

Fall term: $1,297
Spring term: $2,056 (coverage for the spring and summer terms)
Summer term: $909 (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: 2015-2016

For additional and updated information beyond 2015-2016, please see www.nyu.edu/dental/patientinfo/nyu_stu-dent.html.

Dental service through NYU's College of Dentistry:

Primary member: $240
Partner: $240
Dependent (under age 16): $85
Renewal membership: $195

Special Fees for All Students: 2015-2016

For additional and updated information beyond 2015-2016, students may consult the websites of (or contact) the Offices of the Registrar, Bursar, Residence Life, and Admissions.

Late registration fee commencing with the second week of classes: $50
Late registration fee commencing with the fifth week of classes: $100
Deposit upon acceptance (nonreturnable): $500
Housing deposit (if applicable) upon acceptance (nonreturnable): $1,000

Academic Support Fee: 2015-2016

For additional and updated information beyond 2015-2016, please see www.nyu.edu/bursar.

All students must pay an academic support fee. For those taking 5 points or more, it is $55 per term. For those taking fewer than 5 points, it is $14 per point.

Maintenance of Matriculation: 2015-2016

For additional and updated information beyond 2015-2016, please see www.nyu. edu/bursar.

Per term varies, plus nonreturnable registration and services fee:

Fall term: $470
Spring term: $470

Special Programs

For expenses for study in NYU study away and in NYU international exchange programs, contact the NYU Office of Global Programs, 110 East 14th Street, Lower Level, New York, NY 10003-4170; 212-998-4433. Also see www.nyu.edu/global.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:

  • Matriculated and registered for 6 or more points
  • Without a previously unsatisfactory University credit record
  • Not in arrears (past due) for any University charge or loan

The plan includes a nonrefundable application 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 will be assessed on any late payments.

A separate deferred payment plan applica­tion and agreement is required for each semester this plan is used. The deferred payment plan will be available at www.nyu.edu/bursar/forms in July for the fall semester and in December for the spring semester.

For additional information, please visit the website of the Office of the Bursar or call 212-998-2806.

TuitionPay Plan

TuitionPay is a payment plan administered by Sallie Mae. The plan is open to all NYU students with the exception of the SPS noncredit division. This interest-free plan allows for all or a portion of a student's educational expenses (including tuition, fees, room, and board) to be paid in monthly installments.

The traditional University billing cycle consists of one large lump-sum payment due at the beginning of each semester. TuitionPay is a budget plan that enables a family to spread payments over the course of the academic year. By enrolling in this plan, you spread your fall semester tuition payments over a four-month period (June through September) and your spring semester tuition payment over another four-month period (November through February).

With this plan, you budget the cost of your tuition and/or housing, after deducting any financial aid you will be receiving and/ or any payments you have made directly to NYU.

A nonrefundable enrollment fee of $50 is required when applying for the fall/spring TuitionPay plan. You must enroll in both the fall and spring plans. Monthly statements will be mailed by TuitionPay, and all payments should be made directly to them. For additional information, contact TuitionPay at 800-635-0120 or visit www.nyu.edu/bursar.

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% (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% (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% (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, 100 Washington Square East, 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

The College strongly advises students to purchase tuition insurance to protect their investment in the event of withdrawal from courses beyond the published refund schedule. This insurance can be very helpful when unexpected situations cause a student to withdraw. Exceptions to the University's refund policy are rarely granted for withdrawals after the fourth week of the semester. Please contact A. W.

G. Dewar, Inc. (Four Batterymarch Park, Quincy, MA 02169-7468; 617-774-1555) or visit www.tuitionrefundplan.com for more information.

FINANCIAL AID

New York University awards financial aid 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.

Please consult "financial aid and scholarships" for full access to the information and procedures summarized here. Particular attention should be given to (1) "types of financial aid" (for scholarships, grants, and loans) and (2) "applications and forms." These topics are included on the navigation bar located on this web 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/Financial Aid PROFILE
  • Free Application for Federal Student Aid (FAFSA)
  • New York State Tuition Assistance Program (TAP), for New York State residents only.

Students seeking financial aid for summer courses must also complete a NYU summer aid application.

Deadlines

For Freshman Applicants

Early Decision I:

November 15 (to receive an Early Decision financial aid estimate in mid-December)

Early Decision II:

January 15 (to receive an Early Decision financial aid estimate in mid-February)

Regular Decision:

February 15 (to receive a final financial aid award in April)

For Transfer Applicants

Fall/Summer Admission: April 1 (to receive a final financial aid award in May/June)

Spring Admission: November 1

Eligibility for Financial Aid

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. Financial aid awards are not automatically renewed each year. Continuing students must apply for financial aid each year, continue to demonstrate financial need, make satisfactory progress toward degree requirements, and be in good academic standing.

Please consult "eligibility for financial aid" for current details. (See "policies" in the lower right column of this web page.)

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 you apply for financial aid, your demonstrated financial need.

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 www.hesc.com.

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.

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 free online, and several are featured at www.nyu.edu/financial.aid. Students must notify the Office of Financial Aid if they receive funds from any of these sources.

OTHER SOURCES OF AID


Federal and Private Loans

For information about federal loans and private (non-federal) alternative loans please consult "types of 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

Members of the NYU staff, teaching staff, and officers or administrators and their dependents who are eligible for NYU tuition remission are not eligible for other forms of financial aid administered by the University (including merit awards). Eligibility can be reviewed for other types of aid including: Federal Stafford Loans, Federal Unsubsidized Stafford Loans, Federal Parent Loans for Undergraduate Students (PLUS), TAP Grants, Federal Pell Grants, and some private (non-federal) alternative loan programs if the Free Application for Federal Student Aid is completed. Details about tuition remission eligibility information can be obtained at www.nyu.edu/employees/benefit.html.

STUDENT FINANCIAL AID RESPONSIBILITIES

  • You must apply for financial aid each year to receive any and all types of finan­cial aid we award at NYU, including all need-based and merit-based scholarships.
  • 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 financial aid. The Office of Financial Aid will send reminders, but 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 points) but intend to begin part-time (less than 12 points). 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.