How to foot the nearly $75K bill to attend this elite university.
Going to New York University (NYU) isn’t cheap. The average school-based scholarship award clocks in at $30,000 — less than half the school’s cost of attendance. While the university has made an effort to offer more need-based funding, you still might need to pool together multiple resources if you can’t foot the bill yourself.
How much does it cost to go to NYU?
|Cost of attending NYU||Annual cost|
|Tuition and fees||$51,828|
|Room and board||$18,156|
|Books and supplies||$824|
|Total cost for the 2018-2019 academic year||$74,676|
As you can see, tuition is only one of several costs you need to consider when attending NYU. You also have to take into consideration living expenses, room and board, transportation and more.
How much debt do NYU students graduate with?
The average NYU student graduated with $31,210 in student loans in 2016, according to the Department of Education. That’s just a few thousand dollars less than the national average of around $37,000 for that year. But it’s nearly twice as much as top private schools at similar price points with comprehensive financial aid packages, like Harvard and Stanford.
You can cut down on how much you owe by looking into grants and scholarships before turning to student loans.
Does NYU offer a tuition payment plan?
Yes. NYU offers two tuition payment plans that allow students to break up their tuition and fees into manageable chunks.
Top NYU scholarships and grants
Save on your student loans by checking out these NYU scholarships and grants first. In addition to a wide range of need-based scholarship programs, NYU has several merit or combined merit- and need-based scholarship programs available.
AnBryce Undergraduate Scholarships
This scholarship offers a full ride to strong students who are the first generation of their family to attend college. Typically, between one and five students receive this scholarship in each freshman class.
Scholars are expected to be active members of the NYU community by mentoring other students, working as counselors at the AnBryce Camp Dogwood Summer Academy and teaching tutoring sessions at the AnBryce Saturday Institute.
The NYU Arch Scholarship is a need- and merit-based program for students who want to effect positive change on the world. In addition to receiving funding, this program helps students develop professional skills that will translate into the workplace. They’ll also have access to unique career opportunities.
Martin Luther King, Jr. Scholarships
Like many of NYU’s other combination merit- and need-based scholarships, MLK Scholars are selected for their strong academic record, demonstrated commitment to community service and leadership. Scholars can use the funds to cover the cost of up to four years of school in addition to study abroad programs and summer internships.
NYU Tandon Scholarships
All applicants to the NYU Tandon School of Engineering are automatically considered for this merit-based scholarship. How much you’re awarded varies, and students typically have individual requirements to remain eligible. Scholars will receive a separate letter with personalized details of their award.
Additional scholarships available to NYU students
Depending on the NYU school you’re enrolled in, there are several other need- and merit-based scholarships you might qualify for:
- Advancement for Women in Business Scholarship
- Artistic Scholarships
- Breakthrough Leadership Scholars Program
- Community College Transfer Opportunity Program Scholarships
- Dean’s Scholarship
- Education Scholarships
- Gallatin Scholars Program
- Gateway Mathematics Education Scholarships
- Global Pathways Scholarships
- Lewis Rudin City Scholarships
- Martin Cohen Scholarship
- Meyers Nursing Scholars Program
- Nicolas and Angelica Romanelli Endowed Scholarship
- Pamela Craig Scholarship Fund
- Phi Theta Kappa Scholarships
- Philip and Cheryl Milstein Opportunity Scholarships
- POISE Scholars
- Presidential Honors Scholars Program
- Steinhardt Scholars Program
- Stern New York City Scholarships
- University Scholars Program
- Women in Science Program
- Yellow Ribbon Scholarships
Are there other scholarships and grants available?
There are. In addition to funding available exclusively to NYU students, you might also want to look into federal grants and local grant programs from your home state. You might need to be a resident of and attend school in the state to be eligible for funding, so New Yorkers might have the most options.
Student loans to pay for NYU
With such a high cost of attendance, there’s a chance you won’t be able to go to NYU without dipping in to your own checkbook. In that case, you might have to take out student loans. The Department of Education recommends that students apply for federal loans first, since they’re typically more affordable. Once you’re tapped out on federal funding, you can compare your private student loan options.
Have an unexpected expense pop up during the school year? Students can also apply for a personal loan through the NYU Federal Credit Union.
Compare private student loan providers
Compare costs and financing options for other colleges
NYU is one of the more expensive schools in the country — and doesn’t always give the most generous financial aid packages. Most of its scholarship programs don’t require an application, so if you aren’t awarded enough funds to cover your tuition, you might want to consider federal or state financial aid programs as well.
Learn more about how to pay for school with our guide to student loans.