Graduate Financial Aid

Attending graduate school is an investment in your future and a serious commitment of time and money. NYU Steinhardt is committed to assisting graduate applicants in the process of financing their education.

Each year, we award several million dollars in scholarships to new students, from partial tuition funding to fellowships and assistantships based on merit and financial need. By combining such types of aid with loans, college work-study, and student employment, both full-time and part-time students can complete their advanced degrees.

How to Apply for NYU Financial Aid

In order to apply for financial aid from NYU, you must complete and submit the Free Application for Federal Student Aid (FAFSA). This form is available at on the FAFSA website each year starting on October 1. Submit this form as soon as possible after October 1, and indicate that your data is to be sent to New York University, code number 002785. You must submit a FAFSA each year to determine and renew your financial aid. Read more about NYU financial aid packages and types of financial aid

The deadline to submit the FAFSA is February 1 for Fall/Summer enrollment or October 1 for Spring enrollment. NYU's Office of Financial Aid will begin sending notifications via email in late March for Summer/Fall and in early December for Spring. Apply early: applying after the deadline will delay the processing of federal aid and student loans and result in the loss of consideration for scholarships. 

Do not wait to be accepted to submit the FAFSA.  Beginning October 1, 2016, the FAFSA will be based on “Prior Prior Year” tax data, increasing accuracy of awarding and allowing students to utilize taxes that they have already filed from two years prior.  We strongly encourage the use of the FAFSA Data Retrieval Tool whenever possible.  The Data Retrieval Tool allows students to import their tax information into the FAFSA directly from the IRS.  For help in completing the FAFSA, call 800-4-FED-AID.

Master's degree and advanced certificate applicants who are US citizens or permanent residents may receive consideration for NYU financial aid packages. Full-time PhD applicants who submit completed applications for admission by the December 1 deadline, regardless of country of citizenship, will receive consideration for scholarships, fellowships, and assistantships.

See the sections below for scholarship and loan opportunities, some of which you may be eligible for if you are a citizen of Canada or Mexico. Citizens of other countries may also be eligible for specifically developed loan programs and non-NYU sources of funding.

Apply early: Do not wait to be accepted. Applying after the deadline will delay the processing of federal aid and student loans and result in the loss of consideration for scholarships. The deadline to submit the FAFSA is February 1 for Fall/Summer enrollment or October 1 for Spring enrollment.

Funding for Doctoral Students

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, and usually pay $7.50 to $8.00 or more per hour. Academic year earnings are paid out on a biweekly basis and are normally used for books, transportation, and personal expenses.

NYU provides a wide range of employment opportunities for its students, and we encourage you to take advantage of placement services, including summer jobs, offered by the Wasserman Center for Career Development, located at 133 East 13th Street.

The typical financial aid package for graduate students includes a "suggested student loan" amount. Applicants who have been admitted and who have their FAFSA on file will automatically be considered for student loans. There are no additional documents that need to be submitted unless specifically requested from the NYU Office of Financial Aid. Official award letters are emailed to students beginning in late March for Summer and Fall enrollment and in late November for Spring enrollment. Students receiving award letters should very carefully read and follow the instructions included with their letter to finalize loan processing and approval. Specific questions about loans may be directed to the NYU Office of Financial Aid at 212-998-4444 or

The Federal Stafford Student Loan Program: This program makes unsubsidized loans available to students attending at least half time (minimum six credits). Graduate students may borrow up to $20,500 in unsubsidized Stafford loans each academic year.

Private Loans for Graduate and Professional Students: A number of loan programs are available to graduate students and their families. 

Private Loans for International Students: Some private (non-federal) alternative loans are available to international students.

Loan Forgiveness: You may be able to cancel some of your loan debt if you meet certain requirements, such as working in the public service sectorteaching in a low-income school, or working in social service agencies that serve communities in need.

Income-Based Loan Repayment (IBR): This plan caps your required monthly federal student loan payments at an amount intended to be affordable based on your income and family size. Under the IBR requirements, you might be eligible for the ten-year Public Service Loan Forgiveness. 

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. Find out more about the program.

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.

Many organizations, corporations, and foundations offer scholarship assistance. For additional information, please visit the following scholarship search services:

TuitionPay Plan is a payment plan administered by SallieMae. The plan is open to all NYU students with the exception of the SCPS Non-Credit division. This interest-free plan allows for all or a portion of a student's educational expenses (including tuition, fees, and room and board) to be paid in monthly installments. For additional information, contact the NYU Office of the Bursar.

The Deferred Payment Plan allows students to pay 50 percent of the net balance due for the current semester and defer the remaining 50 percent until later in the semester. This plan is available to students who are matriculated and registered for six or more credits per semester without a previously unsatisfactory University credit record. For additional information, contact the NYU Office of the Bursar.