by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Discover the financial aid possibilities at NYU and learn what assistance you might qualify for by continuing to read.
$28,655.00 is the typical New York University’s first year financial aid package. Approximately 65% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from New York University you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
57% of new students (3291 total) were offered scholarships at New York University, averaging $27,421.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 24% of freshmen (1380 total) received a federal grant, for about $4,351.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.25% | $50,177.00 |
| Income 30k-48k | 4.81% | $49,628.00 |
| Income 48k-75k | 5.40% | $42,404.00 |
| Income 75k-110k | 4.25% | $33,186.00 |
| Income 110k + | 11.80% | $18,514.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
3436 NYU undergrads obtain grant aid (this is about 65% of the entire undergraduate student population). The average amount these students receive is $28,655.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.