Tuition and Financial Aid
Submit the Free Application for Federal Student Aid (FAFSA)
If you are a U.S. Citizen or Permanent Resident and you wish to be considered for need-based federal financial aid, you must complete the current Free Application for Federal Student Aid (FAFSA). NYU’s school code is 002785. There is no deadline date to submit your application.
Once your FAFSA has been submitted and processed, a Student Aid Report (SAR) will be emailed to you by the U.S. Department of Education. Review the data carefully, and update and re-sign your FAFSA if changes are required.
Payment of Tuition
As an enrolling first-semester graduate student, for either the fall or spring terms, you can expect to receive information through your official NYU email address regarding tuition expenses approximately six weeks before the start of the semester. Tuition due dates are set by the Office of the Bursar, and all inquiries regarding payment of tuition should be directed to that office. Please monitor your NYU email for further information, tuition liability policies, and deadline dates. Tuition payment options and payment plans are listed on the NYU Bursar website.
Types of Student Aid
Most federal need-based aid, available to graduate students, takes the form of unsubsidized loans. Typically, eligible graduate students may borrow up to $20,500 in Federal Unsubsidized Direct Stafford loans per academic year.
A scholarship committee automatically reviews all applicants to full-time Master’s programs at NYU Tandon School of Engineering. Awarding of scholarships to admitted students is based on multiple factors, including academic performance (grades, exam scores, etc.). Scholarships are exclusively awarded for use for the fall and spring semesters only, unless otherwise specified. All graduate scholarships carry requirements for maintaining eligibility based on the recipient's academic performance at the Tandon School of Engineering. An award notification communication is sent to those applicants who are offered a scholarship, and it outlines the maintenance eligibility requirements for each student. Please refer to your scholarship award notification for questions regarding your individual scholarship maintenance requirements. All merit scholarships are academically based; should a student fail to meet the academic requirements in their award letter, any associated scholarship will be canceled without opportunity for reinstatement.
International Student Loans
International graduate students at the NYU Tandon School of Engineering have the option to borrow an alternative private, non-federal loan with an eligible U.S. cosigner. NYU Tandon admission and financial aid staff are prohibited from serving as cosigners for international graduate student loan applications. Additional private, non-federal loan information can be accessed at the main NYU Financial Aid website.
Federal Work-Study and Student Employment
Most financial aid award packages include "recommended academic year earnings." This means you are eligible to participate in the federal work-study program and may earn up to the amount recommended in your award letter. Federal work-study jobs, generally averaging from 15 to 20 hours per week, are secured through the NYU's Wasserman Center for Career Development. Positions in various on-campus departments and organizations are readily available, though not guaranteed. Academic year earnings are paid out on a bi-weekly basis and are normally used for books, transportation, and personal expenses.
NYU is pleased to be participating in the Yellow Ribbon GI Education Enhancement Program, a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. The program is designed to help students finance, through scholarship assistance, up to 100 percent of their out-of-pocket tuition and fees associated with education programs that may exceed the Post-9/11 GI Bill tuition benefit.
NYU is committed to our student veterans, but we must also balance the limited resources of scholarship funding among all our eligible students with financial need. Students receiving Yellow Ribbon benefits who have also been awarded NYU scholarships may receive combined veterans benefits, Yellow Ribbon benefits, and NYU scholarships (as eligible) up to, but not exceeding their tuition and fees.
National GEM Consortium
The NYU Tandon School of Engineering is proud to participate in the National GEM Consortium awarding fellowships to underrepresented minority students seeking to study at the Masters or Doctorate level.
Scholarship awards will be prorated for ALL students registered for fewer than 9 credits (but no less than 3 credits), in their graduating/final academic term of their program.
Frequently Asked Questions (FAQ)
NYU Tandon School of Engineering Graduate Students ONLY
- I am applying as a part-time student; am I eligible for a merit scholarship?
Only full-time admitted students are reviewed for merit scholarships.
- My award letter details a fall and spring scholarship; are there summer scholarship opportunities?
Graduate scholarships are applicable only for the fall and spring terms, barring exceptions for students from the Dean’s Office.
- I am thinking of enrolling for some summer courses and would like to take out some Federal Stafford loans. How many credits do I need to enroll in order to be eligible?
As long as you enroll in 4.5 credits as a graduate student, you are considered a part-time student and eligible for a federal loan.
- Will my grade point average (GPA) progress for my scholarship be reviewed by academic year or by term?
At the end of your first term, your GPA is your CGPA, and yes, it will be reviewed every term. You must ensure you meet the CGPA requirements listed on your award letter every term, as well as any additional requirements related to your admission.
- If I lose my scholarship because I did not meet the academic requirements listed on my award letter, can I have my scholarship reinstated once I bring up my GPA?
Graduate scholarships will not be reinstated for students at NYU Tandon School of Engineering who fail to meet the academic requirements outlined in their award letter.
- I would like to begin an internship in the spring term and will not be enrolled in a full-time course load. Can I still receive my scholarship?
All scholarship recipients receive an award letter that details the minimum number of credits for which a student must register in order to maintain their scholarship. Failure to register for the required number of credits each term will result in a loss of scholarship without opportunity for reinstatement (***barring some exceptions, see Pro-Rating Policy).
- I am graduating this term; can I still receive my scholarship?
Yes, if at the time of your final (graduating) term you are enrolled in at least 3 credits, you will receive a prorated portion of your scholarship. For instance, if you take 3 credits as a full-time student if in your final term, you would receive one-third (3 credits/9 credits) of your scholarship. No additional aid beyond the prorated final term will be remitted.
- I have not been admitted into a program yet, but I would like to take some classes as a visiting student. Am I eligible for a merit scholarship?
Only admitted, degree-seeking, full-time Master’s students will be reviewed for merit scholarships.
NYU Tandon School of Engineering reserves the right to alter financial aid policies at any time, and will always work to ensure clarity and transparency in financial aid communications. No information provided on this page constitutes a guarantee or contract with any student.